Average Rent in Hillsborough, FL

Current Versus Historical Hillsborough, FL Rents

Hillsborough rentals average $1,916 for a studio rental to $3,193 for a 4-bedroom rental. The median price of all currently available listings is $2,395, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $10,428 (-85.29%) year-over-year from $12,227 to $1,799. 1-bedroom rentals prices have decreased by $82 (-5.14%) year-over-year from $1,595 to $1,513. 2-bedroom rentals prices have decreased by $8 (-0.45%) year-over-year from $1,858 to $1,850. 3-bedroom rentals prices have increased by $1,409 (58.91%) year-over-year from $2,391 to $3,800. 4-bedroom rentals prices have decreased by $408 (-13.69%) year-over-year from $2,983 to $2,575. 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 up by 5.76% this month. 1-bedroom rents have gone down by 3.71% this month. 2-bedroom rents have gone down by 1.68% this month. 3-bedroom rents have gone up by 33.49% this month. 4-bedroom rents have gone down by 8.31% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.38	$1,799	$12,227 (-85.29%)	$1,429 (25.86%)
1 BR	$2.91	$1,513	$1,595 (-5.14%)	$1,460 (3.61%)
2 BR	$1.84	$1,850	$1,858 (-0.45%)	$1,662 (11.29%)
3 BR	$1.65	$3,800	$2,391 (58.91%)	$1,831 (107.54%)
4+ BR	$1.37	$2,575	$2,983 (-13.69%)	$2,266 (13.64%)

Historical Rents in Hillsborough, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Hillsborough

There are a total of 38 cities nearby Hillsborough. The average rent in Hillsborough is currently $2,450 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that University, FL, with an average rent of $1,611, is the most affordable city nearby. In contrast, the most expensive city near Hillsborough, FL is Siesta Key, FL. Monthly rents here are on average $7,200 per month.

Let's compare Hillsborough, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 23.19% more expensive. Two bedrooms in Hillsborough, FL are about 9.22% more affordable. Finally, rent for three bedrooms are about 11.50% more affordable. Want more information? Check out the top 10 cities out of 38 total cities near Hillsborough, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
University, FL	N/A	$1,235	$1,673	$1,611
Lakeland, FL	N/A	$1,225	$1,500	$1,850
Brandon, FL	N/A	$1,495	$1,775	$1,985
Town 'n' Country, FL	N/A	$1,450	$1,950	$2,000
Largo, FL	$1,463	$1,425	$1,950	$2,100
Riverview, FL	N/A	$1,637	$1,875	$2,385
Wesley Chapel, FL	N/A	N/A	$1,900	$2,400
St. Petersburg, FL	$1,285	$1,705	$2,450	$2,400
Tampa, FL	$1,916	$2,162	$2,734	$2,600
Clearwater, FL	$2,500	$1,600	$3,200	$3,150

Top Neighborhoods Near Hillsborough

There are a total of 14 neighborhoods in or near Hillsborough. Some of these neighborhoods include Metro West, Central Business District, and Carver City - Lincoln Gardens. We've included all of these top 14 neighborhoods in or near Hillsborough, FL in the following chart.

The average rent for these 14 neighborhoods in or near Hillsborough, FL is currently around $2,950 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $2,950. Interestingly, the neighborhoods' average rent is higher than Hillsborough's average rent, which is only $2,395. Out of all the neighborhoods in or near Hillsborough, Metro West has the most affordable average rent at $1,850 per month. Whereas, at $5,500 average rent per month, Lido Key is the most expensive neighborhood in or near Hillsborough. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Metro West, Orlando, FL	N/A	$1,346	$1,800	$1,850
Central Business District, Orlando, FL	$1,753	$1,790	$2,725	$2,248
Carver City - Lincoln Gardens, Tampa, FL	$1,850	$2,138	$2,928	$2,321
Channel District, Tampa, FL	$1,978	$2,591	$3,947	$2,658
Isla del Sol, St. Petersburg, FL	N/A	$2,700	$2,600	$2,699
South Venice, FL	N/A	N/A	$2,700	$2,800
Heritage Harbour, Myakka City, FL	N/A	N/A	$2,613	$2,800
The Meadows, FL	N/A	$2,075	$3,300	$3,100
Lake Nona, Orlando, FL	N/A	$1,800	N/A	$3,200
Lakewood Ranch, Myakka City, FL	N/A	N/A	$3,250	$3,500
Sand Key, Clearwater, FL	$2,600	$3,600	$4,000	$4,200
Clearwater Beach, Clearwater, FL	$2,300	$2,850	$4,000	$4,500
Stoneybrook Golf and Country Club, Gulf Gate Estates-Osprey, FL	N/A	N/A	$5,000	$5,000
Lido Key, Sarasota, FL	N/A	$3,450	$5,500	$5,500

Top Counties Near Hillsborough

There are a total of 14 counties located by Hillsborough, FL. Some of these counties include Brandon, FL, Zephyrhills, FL, and Palm River-Gibsonton, FL. The average rent for rentals in these counties is $2,395. That's roughly around $2 per sqft. A total of 20 counties have a lower average rent. The county that is the most affordable is Inverness, FL. It's average rent per month is $1,750. Vice versa, with an average rent of $7,000, Longboat Key, FL is the most expensive county by Hillsborough, FL.

In comparison, rent for one bedroom listings in Hillsborough, FL is 27.99% more expensive than other counties nearby. Finally, rent for two bedrooms in Hillsborough, FL is on par with the other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Brandon, FL	N/A	$1,545	$1,775	$2,000
Zephyrhills, FL	N/A	N/A	$1,600	$2,200
Palm River-Gibsonton, FL	N/A	N/A	$1,975	$2,275
Ruskin, FL	N/A	$1,750	$2,000	$2,300
Central Pasco, FL	$1,550	$1,698	$2,000	$2,385
St. Petersburg, FL	$1,285	$1,705	$2,400	$2,400
Tampa, FL	$1,916	$2,101	$2,106	$2,431
Wimauma-Riverview, FL	N/A	$1,747	$1,900	$2,485
Keystone-Citrus Park, FL	N/A	$1,500	$2,100	$2,650
Parrish, FL	N/A	N/A	$2,250	$2,925

Top Zipcodes Near Hillsborough

There are a total of 49 zipcodes in or near Hillsborough, FL. The average rent for all of these zipcodes is $2,500. A total of 20 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 32714, Forest City, FL at $1,646 per month. In comparison, the zipcode with the most expensive average rent of $7,200 per month is 34242, Siesta Key, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Hillsborough, FL is $1,600 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,175 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Hillsborough, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
34747, Celebration, FL	N/A	$1,675	$1,933	$2,500
34236, Sarasota, FL	N/A	$2,300	$4,300	$4,200
33767, Clearwater, FL	$2,600	$2,800	$4,000	$4,200
34746, Campbell, FL	N/A	$1,160	$1,825	$2,350
34231, Gulf Gate Estates, FL	N/A	$2,048	$2,500	$2,950
34293, North Port, FL	N/A	N/A	$2,800	$2,925
34238, Gulf Gate Estates-Osprey, FL	N/A	$1,785	$3,500	$3,500
33837, Haines City, FL	N/A	$1,350	$1,750	$2,350
33706, St. Pete Beach, FL	$1,400	$2,200	$3,500	$3,700
32835, Winter Garden-Ocoee, FL	N/A	$1,350	$1,800	$1,899

Frequently Asked Questions - Hillsborough Average Rents

What is the average rent price in Hillsborough, FL?

The average monthly rental price for Hillsborough, FL apartments for rent is approximately $2,395. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Hillsborough, 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 Hillsborough, FL.

How much is a studio apartment in Hillsborough, FL?

The average monthly rental price for studio apartments is $1,916 and an average price per square feet of $3.38. There are a total of 52 studio apartment listings currently available for rent in Hillsborough.

How much is a one bedroom apartment in Hillsborough, FL?

The average monthly rental price for one bedroom apartments is $2,083 and an average price per square feet of $2.91. There are a total of 420 one bedroom apartment listings currently available for rent in Hillsborough.

How much is a two bedroom apartment in Hillsborough, FL?

The average monthly rental price for two bedroom apartments is $2,000 and an average price per square feet of $1.84. There are a total of 624 two bedroom apartment listings currently available for rent in Hillsborough.

How have rent prices in Hillsborough, FL changed this year?

Rent prices for rentals in Hillsborough, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.85%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.59% year-over-year.

What is a reasonable rent price in Hillsborough, FL?

A reasonable rent price in Hillsborough, FL is around $1,916/month. You can search for these reasonably priced rental listings on RentHop.