St. Petersburg Rent Report: March 2025
Welcome to the Apartment List March 2025 Rent Report for St. Petersburg, FL. Currently, the overall median rent in the city stands at $1,493, roughly the same as last month. Prices remain up 3.8% year-over-year. Read on to learn more about what’s been happening in the St. Petersburg rental market and how it compares to trends throughout the broader Tampa metro area and the nation as a whole.
St. Petersburg rents are flat month-over-month and up 3.8% year-over-year
The median rent in St. Petersburg fell by 0.5% over the course of February, and has now increased by a total of 3.8% over the past 12 months. St. Petersburg’s rent growth over the past year has has outpaced both state (-0.8%) and national (-0.4%) averages.
St. Petersburg rent growth in 2025 pacing below last year
Two months into the year, rents in St. Petersburg have fallen 0.5%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to February 2024 rents had increased 1.0%.
February rent growth in St. Petersburg ranked #91 among large U.S. cities
St. Petersburg rents went down 0.5% in the past month, compared to the national rate of 0.3%. Among the nation's 100 largest cities, this ranks #91. Similar monthly rent growth took place in Spring Valley, NV (-0.5%) and Colorado Springs, CO (-0.5%).
St. Petersburg is the #44 most expensive large city in the U.S., with a median rent of $1,493
Citywide, the median rent currently stands at $1,283 for a 1-bedroom apartment and $1,616 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,493. That ranks #44 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,208 for a 1-bedroom, $1,361 for a 2-bedroom, and $1,375 overall. The median rent in St. Petersburg is 8.6% higher than the national, and is similar to the prices you would find in Atlanta, GA ($1,500) and Norfolk, VA ($1,473).
St. Petersburg rents are 2.1% lower than the metro-wide median
If we expand our view to the wider Tampa metro area, the median rent is $1,525 meaning that the median price in St. Petersburg ($1,493) is 2.1% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at 0.3%, below the rate of rent growth within just the city.
The table below shows the latest rent stats for 6 cities in the Tampa metro area that are included in our database. Among them, Wesley Chapel is currently the most expensive, with a median rent of $1,872. St. Petersburg is the metro’s most affordable city, with a median rent of $1,493. The metro's fastest annual rent growth is occurring in St. Petersburg (3.8%) while the slowest is in Wesley Chapel (-4.1%).
You can also use the map below to explore the latest rent trends in the Tampa metropolitan area.
Methodology
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Data Access
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
