According to the experts at Florida Realty Marketplace, Florida has a booming economy, great year-round weather, and some of the best colleges, which attracts millions of people here each year. Since there’s been a steady rise in real estate values, people are choosing to rent a home or an apartment, rather than purchasing an expensive property. The Sunshine State offers many great locations that have affordable rental homes for students, young professionals or retirees. Some can be found around well-known colleges like Florida State University (FSU) and Florida Atlantic University (FAU).
Others offer proximity to busy downtown areas where there are lots of employment opportunities for people who want to live near their jobs. In some cases, you need to be extra resourceful to get the best deals in the most desirable locations.
Let’s take a detailed look into which cities provide the most value for the price, which includes being close to desired colleges and growing job markets.
One of the most popular cities in Florida to rent a home is Tallahassee, which caters to FSU students and faculty. The area is known to have larger, colonial styled homes for rent, which typically include all utilities in the total monthly price. Tallahassee landlords understand the need for roommates, and 99% of the young people that rent from them will attend college during their lease.
It’s acceptable for several students to rent a four bedroom home for $2,500 per month, which reduces the monthly payment per person. In many cases, larger rental homes will accommodate one student per room and allow them to sign separate leases for their occupancy. In these situations, you can expect to pay between $500-$650 per month, per room.
More private apartment homes in Tallahassee are available to those willing to pay a bit more for the privacy and convenience. In 2019, you can find 2 and 3 bedroom apartments for rent between $1,800 – $2,400 per month, depending on location and size.
Port St Lucie, FL
If you are looking for a single-family home to rent at an affordable price, then Port St Lucie may be the right place for you. This thriving city is located just north of the Palm Beaches and close to Interstate 95 and the Florida Turnpike. The area is unique because it affords residents easy access to the Atlantic Ocean and tons of outdoor activities, and a short drive to two bustling downtown centers in Palm Beach Gardens and West Palm Beach. Historical downtown Stuart is also just a few minutes’ drive from Port St Lucie. Young professionals flock to rent Port St Lucie homes because of the affordability of the housing compared to other communities further south, or they work at the local hospitals, businesses or in County positions.
Although rents are steadily increasing, you can find three and four bedroom, single family homes for rent between $1,400 and $1,800 per month. When you figure in that you get a larger home, typically set on a quarter acre lot with privacy, you can see the value that PSL affords prospective tenants.
Miami is a world-renowned destination that offers residents and visitors an exciting city in which to live, work and be entertained. Many people come to Miami to experience the vibrant culture and choose to rent an apartment or condo on the beach for the winter. Moreover, according to Miami realtors, there are affordable condos in South Beach for rent, considering it is Miami, of course. Most people expect to pay more, but the fact is that Miami offers so many employment and other opportunities, that the price for rent is reasonable, considering the exposure you will get.
For those who want a winter getaway and can rent a beachfront condo in Miami, get ready to be happy. The beaches showcase white sand, blue water and waterfront cabanas. The strip is lined with dining experiences from around the world. Plus, the world-renowned night life is so easily accessible. Typically, when you rent a home in a Miami building, you have the availability of all the amenities that the owner would have. These can include fitness centers, saunas, pools, jacuzzi, billiards and concierge services.
Many of the rental homes come with boat dockage, either included in the monthly price, or for an extra charge. So, anyone who wants to bring their water toys from up north can do so with a little bit of pre-planning. You can expect to pay more in Miami for rent, and can find 1, 2 and 3 bedroom condos starting from $1,800 up to and often exceeding $5,000 per month, depending on the building’s location, amenities, and features.
Another bustling city in Florida is Orlando, which offers a vast selection of employment opportunities and affordable rental homes. Just because it’s Orlando, FL doesn’t mean you have to live and work at Disney or any of the other theme parks. On the contrary, this city boasts a booming local economy, and the rental homes market is alive and thriving. You can find any type of residence to rent here and be as close, or as far from Disney World as you wish. There are several local colleges here, and students can find low rents near them in smaller apartments that are rent controlled.
For those who want to find long-term jobs, then perhaps living close to Disney is a wonderful idea. They currently have thousands of jobs available, and you can apply online before you move. Moreover, you can expect to find single family homes, town-homes, condos and apartment buildings, all for rent, and at reasonable prices. You can find homes for rent from $1,100 to $2,200, depending on location and proximity to Disney.
Florida offers a wide selection of places to live and rent a home for a reasonable price. Remember that you can view these areas online and see detailed descriptions and pictures of the property and grounds before you rent.