The median rental price for a one-bedroom apartment in Orlando is $1,270 for the month of June, an increase of 4.1% since May and a 15.5% increase year-to-year. The median cost of a two-bedroom apartment increased to $1,460 for the month of June, an increase of 3.5% since May and a 15% increase year-to-year according to the study.
Nationally, one-bedroom rent increased to an average of $1,198 in June, or a 1.1% increase from May. The national average two-bedroom rent increased to $1,436 in June, or a 1% from May. Orlando rents are rising faster than the national average right now.
According to the study, the median one-bedroom rent for Tampa is $1,140 ($1,380 for two-bedroom), with Jacksonville one-bedroom rent averaging $950 ($1,090 for two-bedroom) and Miami one-bedroom rent averaging $1,800 for June ($2,470 for two-bedroom). San Francisco tops the list at $3,490 per month for one-bedroom and $4,600 median rent for a two-bedroom.