Zoe Alvarez
The rent prices in St. Petersburg, Florida, have been a topic of discussion among residents and prospective renters. While the city offers a mix of affordable and expensive neighbourhoods, there are concerns about increasing rents, especially in coastal areas. Data from 2024 indicates that the average rent for a house was $2,550 per month, with apartments ranging from $1,485 to $3,233, depending on size and location. In 2025, the average rent for a 1-bedroom apartment is estimated to be between $1,747 and $2,337, while a 2-bedroom apartment averages $2,957. St. Petersburg's rents are influenced by factors such as housing demand, location, and the economic climate, contributing to a dynamic rental market.
| Characteristics | Values |
|---|---|
| Average rent in St. Petersburg, Florida | $1,747 |
| Average rent for a studio apartment | $1,608 to $1,987 |
| Average rent for a 1-bedroom apartment | $1,745 to $2,337 |
| Average rent for a 2-bedroom apartment | $2,149 to $2,957 |
| Average rent for a 3-bedroom apartment | $2,738 |
| Average monthly rate for houses | $2,550 |
| Most affordable neighborhoods | Lake Euclid, Jungle Terrace, Cromwell Heights, Melrose-Mercy, Campbell Park, Disston Heights, Greater Pinellas Point, Fossil Park, Riviera Bay, Central Oak Park, Brighton Bay, Childs Park, Palmetto Park |
| Most expensive neighborhoods | Tropicana Field, Lakewood Estates, Downtown St. Petersburg, Edge District, University Park - South Downtown, St. Pete Beach |
| Renters as a percentage of residents | 37% |
| Median number of rooms in homes for rent | 3.9 |
| Median size of renter-occupied households | 2.01 |
| Percentage of renters with a bachelor's degree or higher | 38% |
| Percentage of renters with less than a high school degree | 6% |
| Percentage of rental homes with children under 18 | 18% |
| Most common number of vehicles available per renter household | 1 vehicle (56%), 2 vehicles (26%) |
| Rental market trends | Fluctuating due to demand, supply, economic climate, location, and seasonality |
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What You'll Learn
Average rent prices in Saint Petersburg
The average rent in St. Petersburg, Florida varies by neighborhood and apartment type. As of 2024, renting a house costs an average of $2,550 per month. Apartments have different rates depending on size and location. For instance, the average rent for a studio apartment is $1,608 per month, while a one-bedroom apartment costs around $1,745 to $1,788 per month. Two-bedroom apartments range up to $2,267 on average, and three-bedroom apartments average $2,738 per month.
Some of the most affordable neighborhoods in St. Petersburg include Disston Heights ($1,471/month), Greater Pinellas Point ($1,500/month), Fossil Park ($1,577/month), Casler Heights ($1,485/month), Fruitland Heights ($1,485/month), and Highland Oaks ($1,485/month). On the other hand, the most expensive neighborhoods include Tropicana Field ($2,387), Lakewood Estates ($2,481), Downtown St. Petersburg ($3,353), and St. Pete Beach ($3,233).
The rental market in St. Petersburg offers a mix of affordable, expensive, and emerging neighborhoods. The city's popularity as a tourist destination and its growing job market contribute to the demand for rentals. Additionally, factors such as housing demand, supply, economic climate, and neighborhood desirability influence rent prices.
According to Point2Homes, apartments priced over $2,000 represent 39.49% of the rental market in St. Petersburg, while condos priced between $700 and $1,000 hold the lowest share at 0.15%. The median size of a renter-occupied household in St. Petersburg is 2.01, and 35% of rental homes are family households.
St. Petersburg's rental market also caters to different budget needs, with a mix of older and newer construction. The city's diverse neighborhoods offer unique characteristics that appeal to various residents, including those seeking waterfront living, a vibrant downtown scene, or quieter historic areas.
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Factors influencing rent prices
Rent prices in Saint Petersburg, Florida, are influenced by a multitude of factors, including the real estate market, economic conditions, location, and neighbourhood desirability.
The real estate market is a key influencer of rent prices in Saint Petersburg. Housing demand and supply are fundamental factors; when demand surpasses supply, rent prices tend to increase. The economic climate also plays a role, as it shapes the financial landscape of the rental market. Economic prosperity can lead to higher rent prices, while a recession may result in downward pressure on rents.
Location and neighbourhood desirability are other significant factors. Areas in Saint Petersburg that are closer to desirable amenities like parks, shops, and schools tend to have higher rent prices. Neighbourhoods such as Casler Heights, Fruitland Heights, and Highland Oaks offer more affordable rental options, while areas like St. Pete Beach and Downtown command higher rents due to their central locations and convenient access to amenities.
Vacancy rates also influence rent prices. Landlords may raise rents when vacancy rates are low due to limited availability. Conversely, higher vacancy rates can lead to competitive pricing as landlords compete to attract tenants.
The type of rental property also impacts pricing. Apartments in Saint Petersburg generally have varying rates depending on their size and location. For instance, a studio apartment may average $1,608 to $1,987 per month, while a 1-bedroom apartment can range from $1,745 to $2,337. Houses, on the other hand, tend to have higher rental costs, with an average monthly rate of $2,550.
Additionally, rental trends in nearby cities like Tampa, Pinellas Park, Clearwater, and Wesley Chapel can indirectly influence rent prices in Saint Petersburg. These cities have their own market dynamics, and their relative affordability or appeal can impact the demand for rentals in Saint Petersburg.
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Most affordable neighbourhoods
St Petersburg, Florida, is a diverse city with a variety of neighbourhoods offering different lifestyles and amenities. While the average rent in St Petersburg is $1,747, with apartments ranging from $1,608 to $2,738, there are several affordable neighbourhoods in the city.
One of the most well-known affordable neighbourhoods is Casler Heights, Fruitland Heights, and Highland Oaks, where rents average around $1,485 per month. These areas offer a blend of affordability and convenience, as they are located away from the more central and desirable locations.
Another affordable option is the Disston area, known for its quiet and safe environment. It is not in a flood zone, and its central location provides easy access to different parts of the city. While house prices in this area can range from $300,000 to $700,000, there are still some more affordable options available.
For those seeking a suburban feel with more space, Wesley Chapel, located further inland, is a rapidly developing area with new schools, shopping centres, and residential communities. It offers larger homes at more reasonable prices compared to the coastal cities.
Additionally, the historic neighbourhood of Kenwood is known for its beautiful houses and convenient access to bars and restaurants. It offers a quieter alternative to the bustling downtown area while still providing a vibrant community feel.
Lastly, Central Oak Park, located in the centre of Saint Pete, offers a unique blend of beautiful brick streets and mature trees. It is not in a mandatory evacuation flood zone, and its proximity to both downtown and the beach makes it a convenient and attractive option.
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Most expensive neighbourhoods
St. Petersburg, Florida, offers a mix of affordable, expensive, and emerging neighbourhoods. The average rent in St. Petersburg is $1,747, but this varies significantly by neighbourhood and apartment type.
The most expensive neighbourhood in St. Petersburg is Historic Old Northeast, with a median home price of $1,500,043 and a median rent of $1,463. This tranquil community has an intriguing history and is one of the city's first waterfront neighbourhoods. Snell Isle, another coveted seaside community, offers beautiful parks and luxury custom homes.
The second most expensive neighbourhood is Placido Bayou, with a median home price of $1,701,472 and a median rent of $1,569. Downtown St. Pete is also desirable, with high-rise apartments near restaurants and nightlife.
Other expensive neighbourhoods include Tropical Shores, with a median home price of $1,059,178, and Methodist Town, with a median home price of $1,050,739. These neighbourhoods offer a blend of older charm and new construction, attracting families and young professionals seeking space and evolving amenities.
Waterfront listings in highly amenitized luxury towers typically range from $2 million to $6 million. The sought-after Shore Acres community, offering direct access to Tampa Bay, also falls within this price range.
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Rental market trends
Demand and supply directly impact prices in St. Petersburg's rental market. When demand increases faster than supply, rents tend to rise. The economic climate also plays a role, influencing rental costs and real estate development. Neighbourhood desirability is another critical factor, with areas closer to amenities like parks, shops, and schools typically commanding higher rents due to convenience and lifestyle benefits.
The average rent in St. Petersburg varies by neighbourhood and apartment type. As of 2024, renting a house costs an average of $2,550 per month, while apartments have different rates depending on size and location. More affordable neighbourhoods include Casler Heights, Fruitland Heights, and Highland Oaks, with average rents around $1,485 per month. In contrast, areas like St. Pete Beach are considerably more expensive, with averages of $3,233 per month.
Studio apartments in St. Petersburg average $1,987 per month, while 1-bedroom apartments range from $1,745 to $1,788. 2-bedroom apartments can go up to $2,267, and 3-bedroom apartments average $2,738. The median rent in September 2024 was $2,169, slightly lower than in September 2023.
The rental market in St. Petersburg is diverse, catering to different budget needs. The city offers a mix of older and new construction, attracting families and young professionals. Popular neighbourhoods include Downtown St. Pete for its high-rise apartments and nightlife, and Kenwood for its historic charm and quieter streets.
While specific data is limited, Wesley Chapel, located further inland, is known for its expanding communities and more affordable rental options compared to coastal cities. St. Petersburg's rental market is dynamic, with occasional shifts based on seasonal demand, economic changes, and vacancy rates, influencing landlords' pricing strategies.
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Frequently asked questions
Yes, rents in St. Petersburg, Florida, have been increasing. The average rent in the city varies by neighbourhood and apartment type, with houses costing more to rent than apartments.
The average rent in St. Petersburg, Florida, is between $2,075 and $2,957 per month in 2025. This is for apartments. For a house, the average monthly rent is $2,550.
The most affordable neighbourhoods in St. Petersburg, Florida, include Lake Euclid, Jungle Terrace, Cromwell Heights, Melrose-Mercy, Campbell Park, Disston Heights, Greater Pinellas Point, Fossil Park, and Casler Heights.
The most expensive neighbourhoods in St. Petersburg, Florida, include Tropicana Field, Lakewood Estates, Downtown St. Petersburg, Edge District, University Park - South Downtown, and St. Pete Beach.
Rents in St. Petersburg, Florida, are increasing due to several factors such as housing demand, supply, economic climate, and neighbourhood desirability. The city has seen an influx of people moving there, and coastal areas near the beach are particularly unaffordable due to high demand and insurance costs.
