Average Rent in 34221, Palmetto, FL

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Current Versus Historical 34221, Palmetto, FL Rents

34221 rentals average $3,200 for a 1-bedroom rental to $2,995 for a 4-bedroom rental. The median price of all currently available listings is $2,400, or roughly $19 per square feet.
For the apartment units and housing in June 2026, median rents have risen substantially over the last year. Studio rentals prices have decreased by $1,502 (-60.15%) year-over-year from $2,497 to $995. 1-bedroom rentals prices have increased by $1,617 (102.11%) year-over-year from $1,583 to $3,200. 2-bedroom rentals prices have increased by $231 (13.07%) year-over-year from $1,767 to $1,998. 3-bedroom rentals prices have decreased by $120 (-5.01%) year-over-year from $2,390 to $2,270. 4-bedroom rentals prices have increased by $233 (8.43%) year-over-year from $2,767 to $3,000. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 10.98% this month. 2-bedroom rents have gone down by 6.33% this month. 3-bedroom rents have gone down by 1.05% this month. 4-bedroom rents have gone up by 5.02% this month.
Beds
Price / Sqft
Jun 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $34.72 $3,200 $1,583 (102.11%) $1,313 (143.81%)
2 BR $20.11 $1,998 $1,767 (13.07%) $1,996 (0.08%)
3 BR $18.35 $2,270 $2,390 (-5.01%) $2,418 (-6.12%)
4+ BR $17.08 $3,000 $2,767 (8.43%) $2,918 (2.81%)

Historical Rents in 34221, Palmetto, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 34221

There are a total of 14 cities nearby 34221. The average rent in 34221 is currently $2,400 per month. A total of 8 cities nearby have an average rent lower than that. Our records show that South Bradenton, FL, with an average rent of $1,650, is the most affordable city nearby. In contrast, the most expensive city near 34221, Palmetto, FL is Longboat Key, FL. Monthly rents here are on average $7,050 per month.

Let's compare 34221, Palmetto, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 46.09% more expensive. Two bedrooms in 34221, Palmetto, FL are about 25.00% more affordable. Finally, rent for three bedrooms are about 42.07% more affordable. Want more information? Check out the top 10 cities out of 14 total cities near 34221, Palmetto, FL in the following table.
City Studio 1 Bed 2 Bed All
South Bradenton, FL $1,049 $1,200 $1,800 $1,650
Sun City Center, FL N/A $1,485 $1,800 $1,920
Gulfport, FL $1,550 $1,700 $2,200 $2,250
Ruskin, FL $1,057 $1,566 $1,940 $2,275
Bradenton, FL $1,025 $1,350 $2,375 $2,400
The Meadows, FL N/A $1,750 $2,250 $2,400
St. Petersburg, FL $1,300 $1,600 $2,500 $2,495
Apollo Beach, FL N/A $1,500 $2,200 $2,600
Sarasota, FL $1,965 $2,373 $3,250 $3,350
Longboat Key, FL N/A $3,950 $6,000 $7,050

Top Neighborhoods Near 34221

There are a total of 8 neighborhoods in or near 34221. Some of these neighborhoods include Kings Point Condominiums, South Bradenton, and The Meadows. We've included all of these top 8 neighborhoods in or near 34221, Palmetto, FL in the following table.

The average rent for these 8 neighborhoods in or near 34221, Palmetto, FL is currently around $2,500 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $2,500. Interestingly, the neighborhoods' average rent is higher than 34221's average rent, which is only $2,400. Out of all the neighborhoods in or near 34221, Kings Point Condominiums has the most affordable average rent at $1,625 per month. Whereas, at $6,000 average rent per month, Downtown St. Petersburg is the most expensive neighborhood in or near 34221. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Kings Point Condominiums, Sun City Center, FL N/A $1,485 $1,775 $1,625
South Bradenton, FL $1,049 N/A $1,800 $1,800
The Meadows, FL N/A $1,750 $2,200 $2,400
Heritage Harbour, Myakka City, FL N/A N/A $2,450 $2,500
Coquina Key, St. Petersburg, FL N/A $2,000 $2,525 $2,500
Isla del Sol, St. Petersburg, FL N/A $2,200 $2,800 $2,750
Lakewood Ranch, Myakka City, FL N/A $1,642 $3,000 $3,260
Downtown St. Petersburg, St. Petersburg, FL $1,595 $3,100 $6,125 $6,000

Top Counties Near 34221

There are a total of 7 counties located by 34221, Palmetto, FL. Some of these counties include Ruskin, FL, St. Petersburg, FL, and Bradenton, FL. The average rent for rentals in these counties is $2,650. That's roughly around $28 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Ruskin, FL. Its average rent per month is $2,200. Vice versa, with an average rent of $7,675, Longboat Key, FL is the most expensive county by 34221, Palmetto, FL.

In comparison, rent for one bedroom listings in 34221, Palmetto, FL is 48.44% more expensive than other counties nearby. Finally, rent for two bedrooms in 34221, Palmetto, FL is 23.08% more affordable than other counties nearby. We've listed all of these counties in the table below.
County Studio 1 Bed 2 Bed All
Ruskin, FL $1,057 $1,495 $1,900 $2,200
St. Petersburg, FL $1,350 $1,650 $2,400 $2,400
Bradenton, FL $1,050 $1,313 $2,275 $2,600
Parrish, FL N/A N/A $1,995 $2,650
St. Pete Beach, FL $1,350 $1,900 $3,250 $3,000
Sarasota, FL $5,070 $2,400 $3,637 $3,500
Longboat Key, FL N/A $4,000 $6,950 $7,675

Top Zipcodes Near 34221

There are a total of 9 zipcodes in or near 34221, Palmetto, FL. The average rent for all of these zipcodes is $2,250. A total of 5 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33713, St. Petersburg, FL at $2,173 per month. In comparison, the zipcode with the most expensive average rent of $3,768 per month is 33701, St. Petersburg, FL.

Studios in these zipcodes have an average rent of $1,048. That's at least $27 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 34221, Palmetto, FL is $1,675 per month. Or in other words, $32 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,385 per month. Which comes out to $26 per sqft. The following table includes the top 9 zipcodes in 34221, Palmetto, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
34209, Bradenton, FL N/A $1,650 $2,500 $2,900
34243, Bradenton, FL $1,095 $2,388 $2,400 $2,600
33706, St. Pete Beach, FL $1,350 $1,900 $3,250 $3,000
33701, St. Petersburg, FL $1,695 $2,000 $5,500 $3,768
34235, The Meadows, FL N/A $1,650 $2,100 $2,200
33707, South Pasadena, FL $1,600 $1,750 $2,385 $2,250
33713, St. Petersburg, FL $1,048 $1,400 $2,100 $2,173
33711, St. Petersburg, FL N/A $1,675 $1,963 $2,225
33712, St. Petersburg, FL $1,000 $1,385 $1,795 $2,248

Frequently Asked Questions - 34221 Average Rents

What is the average rent price in 34221, Palmetto, FL?
The average monthly rental price for 34221, Palmetto, FL apartments for rent is approximately $2,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 34221, Palmetto, FL rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 34221, Palmetto, FL.
How much is a one bedroom apartment in 34221, Palmetto, FL?
The average monthly rental price for one bedroom apartments is $3,200 and an average price per square feet of $34.72. There are a total of 1 one bedroom apartment listings currently available for rent in 34221.
How much is a two bedroom apartment in 34221, Palmetto, FL?
The average monthly rental price for two bedroom apartments is $1,950 and an average price per square feet of $20.11. There are a total of 31 two bedroom apartment listings currently available for rent in 34221.
How have rent prices in 34221, Palmetto, FL changed this year?
Rent prices for rentals in 34221, Palmetto, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.60%, one bedroom rental prices have changed by 1.02%, two bedroom rental prices have changed by 0.13%, three bedroom rental prices have changed by -0.05% year-over-year.
What is a reasonable rent price in 34221, Palmetto, FL?
A reasonable rent price in 34221, Palmetto, FL is around $1,920/month. You can search for these reasonably priced rental listings on RentHop.
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