Average Rent in 34221, Palmetto, FL

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Current Versus Historical 34221, Palmetto, FL Rents

34221 rentals average $2,298 for a 1-bedroom rental to $3,350 for a 4-bedroom rental. The median price of all currently available listings is $2,600, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $13,954 (-73.62%) year-over-year from $18,954 to $5,000. 1-bedroom rentals prices have decreased by $751 (-34.99%) year-over-year from $2,146 to $1,395. 2-bedroom rentals prices have increased by $104 (5.22%) year-over-year from $1,996 to $2,100. 3-bedroom rentals prices have increased by $5 (0.22%) year-over-year from $2,395 to $2,400. 4-bedroom rentals prices have increased by $622 (21.99%) year-over-year from $2,828 to $3,450. 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 down by 6.90% this month. 2-bedroom rents have gone up by 0.60% this month. 3-bedroom rents have gone down by 0.69% this month. 4-bedroom rents have gone up by 16.29% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.84 $1,395 $2,146 (-34.99%) $1,090 (28.03%)
2 BR $1.71 $2,100 $1,996 (5.22%) $1,469 (42.97%)
3 BR $1.66 $2,400 $2,395 (0.22%) $1,832 (30.98%)
4+ BR $1.35 $3,450 $2,828 (21.99%) $2,200 (56.82%)

Historical Rents in 34221, Palmetto, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 34221

There are a total of 7 cities nearby 34221. The average rent in 34221 is currently $3,000 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Sun City Center, FL, with an average rent of $2,050, 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 $6,800 per month.

Let's compare 34221, Palmetto, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 17.30% more expensive. Two bedrooms in 34221, Palmetto, FL are about 42.26% more affordable. Finally, rent for three bedrooms are about 59.16% more affordable. Want more information? Check out the top 7 cities near 34221, Palmetto, FL in the following chart.
City Studio 1 Bed 2 Bed All
Sun City Center, FL N/A $1,550 $1,998 $2,050
St. Petersburg, FL $1,450 $1,700 $2,491 $2,450
Bradenton, FL $1,150 $1,400 $2,800 $2,900
The Meadows, FL N/A $1,900 $3,700 $3,000
Treasure Island, FL N/A $2,300 $3,375 $3,200
St. Pete Beach, FL N/A $2,000 $3,600 $3,800
Longboat Key, FL N/A $3,425 $6,000 $6,800

Top Neighborhoods Near 34221

There are a total of 4 neighborhoods in or near 34221. Some of these neighborhoods include Isla del Sol, Heritage Harbour, and The Meadows. We've included all of these top 4 neighborhoods in or near 34221, Palmetto, FL in the following chart.

The average rent for these 4 neighborhoods in or near 34221, Palmetto, FL is currently around $2,913 per month. A total of one neighborhood has a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,913. Interestingly, the neighborhoods' average rent is higher than 34221's average rent, which is only $2,600. Out of all the neighborhoods in or near 34221, Isla del Sol has the most affordable average rent at $2,600 per month. Whereas, at $3,500 average rent per month, Lakewood Ranch is the most expensive neighborhood in or near 34221. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Isla del Sol, St. Petersburg, FL N/A $2,500 $2,600 $2,600
Heritage Harbour, Myakka City, FL N/A N/A $2,600 $2,775
The Meadows, FL N/A $1,900 $3,500 $3,050
Lakewood Ranch, Myakka City, FL N/A N/A $3,150 $3,500

Top Counties Near 34221

There are a total of 4 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 $2,800. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Ruskin, FL. It's average rent per month is $2,300. Vice versa, with an average rent of $3,600, St. Pete Beach, FL is the most expensive county by 34221, Palmetto, FL.

Typically, rent for studios in 34221, Palmetto, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 34221, Palmetto, FL is 23.56% more expensive than other counties nearby. Finally, rent for two bedrooms in 34221, Palmetto, FL is 9.59% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Ruskin, FL N/A $1,600 $2,000 $2,300
St. Petersburg, FL $1,450 $1,700 $2,400 $2,400
Bradenton, FL $1,150 $1,813 $2,800 $3,200
St. Pete Beach, FL N/A $2,300 $3,500 $3,600

Top Zipcodes Near 34221

There are a total of 12 zipcodes in or near 34221, Palmetto, FL. The average rent for all of these zipcodes is $3,025. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33573, Sun City Center, FL at $2,100 per month. In comparison, the zipcode with the most expensive average rent of $6,800 per month is 34228, Longboat Key, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 34221, Palmetto, FL is $2,050 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,700 per month. Which comes out to $2 per sqft. The following chart includes the top 10 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
33706, St. Pete Beach, FL N/A $2,300 $3,500 $3,600
34228, Longboat Key, FL N/A $3,425 $6,000 $6,800
34243, Bradenton, FL N/A $2,237 $2,500 $3,100
34235, The Meadows, FL N/A $1,900 $3,000 $3,000
34209, Bradenton, FL N/A $2,295 $2,800 $3,050
34210, Bradenton, FL N/A $2,200 $3,000 $3,500
33715, Tierra Verde, FL N/A $2,300 $2,600 $2,600
33701, St. Petersburg, FL $1,438 $1,800 $4,738 $4,000
33573, Sun City Center, FL N/A $1,550 $1,998 $2,100
34203, Bradenton, FL N/A N/A $2,300 $2,898

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 $2,600. 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 studio apartment in 34221, Palmetto, FL?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 34221.
How much is a one bedroom apartment in 34221, Palmetto, FL?
The average monthly rental price for one bedroom apartments is $2,298 and an average price per square feet of $2.84. There are a total of 2 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 $2,373 and an average price per square feet of $1.71. There are a total of 26 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 -0.74%, one bedroom rental prices have changed by -0.35%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in 34221, Palmetto, FL?
A reasonable rent price in 34221, Palmetto, FL is around $2,080/month. You can search for these reasonably priced rental listings on RentHop.
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