Miami charges the seventh-highest average rent in the nation and is No. 1 in Fla. at $2,846. Jacksonville is Fla.’s least expensive with rent averaging $1,748.
Gainesville, Fla. – These are the highest and lowest rental housing markets across the nation, based on average monthly rent, from among 107 metropolitan areas studied.
We’ve also included a list of Florida metro areas’ rankings. Data is from the Waller, Weeks and Johnson Rental Index, an ongoing project co-produced by the Florida Atlantic University Real Estate Initiative, Florida Gulf Coast University’s Lucas Institute for Real Estate Development & Finance, and the Alabama Center for Real Estate at the University of Alabama.
10 areas in the U.S. with highest rent
1. San Jose, California: $3,199
2. San Francisco: $3,157
3. Ventura, California: $3,014
4. New York: $3,004
5. San Diego: $2,946
6. Los Angeles, Long Beach, Anaheim: $2,864
7. Miami, Fort Lauderdale: $2,846
8. Boston: $2,762
9. (tie) Honolulu: $2,584
9. (tie) Riverside, California: $2,584
10 areas in the U.S. with lowest rent
1. Youngstown, Ohio: $853
2. Wichita, Kansas: $937
3. McAllen, Texas: $1,051
4. Little Rock, Arkansas: $1,059
5. Des Moines, Iowa: $1,152
6. Akron, Ohio: $1,162
7. Toledo, Ohio: $1,175
8. Omaha, Nebraska: $1,193
9. Dayton, Ohio: $1,206
10. Scranton, Pennsylvania: $1,207
U.S. ranks for 10 Florida areas
(National rank / monthly rent)
7. Miami-Fort Lauderdale-West Palm Beach: $2,846
13. North Port-Sarasota-Bradenton: $2,331
14. Port St. Lucie: $2,266
19. Fort Myers: $2,073
20. Tampa: $2,055
21. Orlando: $1,999
29. Melbourne: $1,881
35. Lakeland: $1,808
39. Daytona Beach: $1,788
44. Jacksonville: $1,748
Year-over-year rent increase for 10 Florida areas
(National rank / year-over-year change)
1. Fort Myers: +32.38%
2. Miami-Fort Lauderdale-West Palm Beach: +31.70%
3. North Port-Sarasota-Bradenton: +30.88%
5. Tampa: +26.93%
6. Port St. Lucie: +25.54%
8. Lakeland: +23.92%
9. Orlando: +23.70%
10. Melbourne: +22.46%
11. Daytona Beach: +21.88%
15. Jacksonville: +20.39%
Source: Waller, Weeks and Johnson Rental Index as of June 2022
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