Tampa Rent Report: March 2025
Welcome to the Apartment List March 2025 Rent Report for Tampa, FL. Currently, the overall median rent in the city stands at $1,553, roughly the same as last month. Prices remain down 1.0% year-over-year. Read on to learn more about what’s been happening in the Tampa rental market and how it compares to trends throughout the broader Tampa metro area and the nation as a whole.
Tampa rents are flat month-over-month and down 1.0% year-over-year
The median rent in Tampa rose by 0.1% over the course of February, and has now decreased by a total of 1.0% over the past 12 months. Tampa’s rent growth over the past year has is similar to both the state (-0.8%) and national averages (-0.4%).
Tampa rent growth in 2025 pacing similar last year
Two months into the year, rents in Tampa have risen 0.1%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to February 2024 rents had increased 0.1%.
February rent growth in Tampa ranked #70 among large U.S. cities
Tampa rents went up 0.1% in the past month, compared to the national rate of 0.3%. Among the nation's 100 largest cities, this ranks #70. Similar monthly rent growth took place in Anchorage, AK (0.1%) and Irvine, CA (0.1%).
Tampa is the #38 most expensive large city in the U.S., with a median rent of $1,553
Citywide, the median rent currently stands at $1,315 for a 1-bedroom apartment and $1,642 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,553. That ranks #38 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 Tampa is 13.0% higher than the national, and is similar to the prices you would find in Madison, WI ($1,583) and Orlando, FL ($1,538).
Tampa rents are 1.9% higher 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 Tampa proper ($1,553) is 1.9% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at 0.3%, above 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.
