Average Rent in Orlando, FL

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Current Versus Historical Orlando, FL Rents

Orlando rentals average $1,688 for a studio rental to $3,590 for a 4-bedroom rental. The median price of all currently available listings is $1,975, or roughly $2 per square feet.
For the apartment units and housing in February 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $4,646 (-78.18%) year-over-year from $5,943 to $1,297. 1-bedroom rentals prices have decreased by $433 (-22.99%) year-over-year from $1,882 to $1,450. 2-bedroom rentals prices have decreased by $439 (-20.04%) year-over-year from $2,189 to $1,750. 3-bedroom rentals prices have decreased by $156 (-5.87%) year-over-year from $2,656 to $2,500. 4-bedroom rentals prices have increased by $535 (19.35%) year-over-year from $2,765 to $3,300. 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 27.77% this month. 1-bedroom rents have gone down by 11.95% this month. 2-bedroom rents have gone down by 9.62% this month. 3-bedroom rents have gone up by 1.01% this month. 4-bedroom rents have gone up by 2.59% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.06 $1,297 $5,943 (-78.18%) $1,236 (4.95%)
1 BR $2.17 $1,450 $1,882 (-22.99%) $1,311 (10.59%)
2 BR $1.72 $1,750 $2,189 (-20.04%) $1,367 (28.05%)
3 BR $1.62 $2,500 $2,656 (-5.87%) $1,813 (37.93%)
4+ BR $1.50 $3,300 $2,765 (19.35%) $2,178 (51.55%)

Historical Rents in Orlando, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Orlando

There are a total of 12 cities nearby Orlando. The average rent in Orlando is currently $2,350 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Altamonte Springs, FL, with an average rent of $1,600, is the most affordable city nearby. In contrast, the most expensive city near Orlando, FL is Horizon West, FL. Monthly rents here are on average $2,895 per month.

Let's compare Orlando, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 11.19% more expensive. Two bedrooms in Orlando, FL are about 2.78% more affordable. Finally, rent for three bedrooms are about 9.11% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near Orlando, FL in the following chart.
City Studio 1 Bed 2 Bed All
Altamonte Springs, FL N/A $1,350 $1,668 $1,600
Sanford, FL N/A $1,270 $1,630 $1,800
Kissimmee, FL N/A $1,250 $1,650 $2,200
St. Cloud, FL N/A N/A $1,500 $2,298
Alafaya, FL N/A $1,611 $1,800 $2,400
Meadow Woods, FL N/A N/A $1,998 $2,500
Winter Park, FL N/A $1,612 $1,973 $2,500
Four Corners, FL N/A $1,530 $1,995 $2,500
Celebration, FL N/A $1,785 $2,500 $2,800
Horizon West, FL N/A N/A $2,250 $2,895

Top Neighborhoods Near Orlando

There are a total of 4 neighborhoods in or near Orlando. Some of these neighborhoods include Florida Center North, Metro West, and Celebration. We've included all of these top 4 neighborhoods in or near Orlando, FL in the following chart.

The average rent for these 4 neighborhoods in or near Orlando, FL is currently around $2,250 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,250. Interestingly, the neighborhoods' average rent is higher than Orlando's average rent, which is only $1,975. Out of all the neighborhoods in or near Orlando, Florida Center North has the most affordable average rent at $1,650 per month. Whereas, at $3,200 average rent per month, Lake Nona is the most expensive neighborhood in or near Orlando. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Florida Center North, Orlando, FL N/A $1,350 $1,738 $1,650
Metro West, Orlando, FL N/A $1,385 $1,750 $1,700
Celebration, FL N/A $1,785 $2,500 $2,800
Lake Nona, Orlando, FL N/A $1,825 N/A $3,200

Top Counties Near Orlando

There are a total of 4 counties located by Orlando, FL. Some of these counties include Casselberry-Altamonte Springs, FL, Orlando, FL, and Union Park, FL. The average rent for rentals in these counties is $2,400. 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 Casselberry-Altamonte Springs, FL. It's average rent per month is $1,800. Vice versa, with an average rent of $2,800, Southwest Orange, FL is the most expensive county by Orlando, FL.

In comparison, rent for one bedroom listings in Orlando, FL is 1.73% more expensive than other counties nearby. Finally, rent for two bedrooms in Orlando, FL is 4.17% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Casselberry-Altamonte Springs, FL N/A $1,350 $1,706 $1,800
Orlando, FL $1,584 $1,450 $1,800 $1,950
Union Park, FL N/A $1,500 $1,699 $2,350
Kissimmee, FL $1,200 $1,430 $1,850 $2,350
St. Cloud, FL $1,200 $1,550 $1,695 $2,400
Oviedo, FL N/A $1,498 $1,690 $2,425
Apopka, FL $750 $1,250 $1,800 $2,450
Winter Garden-Ocoee, FL N/A $1,375 $1,693 $2,495
East Orange, FL N/A $1,610 $2,093 $2,700
Southwest Orange, FL N/A $1,600 $1,995 $2,800

Top Zipcodes Near Orlando

There are a total of 29 zipcodes in or near Orlando, FL. The average rent for all of these zipcodes is $2,373. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 32839, Orlando, FL at $1,400 per month. In comparison, the zipcode with the most expensive average rent of $2,900 per month is 34787, Winter Garden, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Orlando, FL is $1,350 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,763 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Orlando, 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 $1,678 $2,075 $2,485
34746, Campbell, FL $1,200 $1,400 $1,850 $2,373
33837, Haines City, FL N/A $1,325 $1,900 $2,400
32835, Winter Garden-Ocoee, FL N/A $1,375 $1,748 $1,748
34787, Winter Garden, FL N/A $1,750 $1,825 $2,900
32832, East Orange, FL N/A $1,800 $2,219 $2,900
32822, Orlando, FL N/A $1,350 $1,653 $1,675
34741, Kissimmee, FL N/A $1,250 $1,625 $2,100
32801, Orlando, FL $1,705 $1,618 $2,571 $2,088
33897, Haines City, FL $838 $1,100 $1,700 $2,350

Frequently Asked Questions - Orlando Average Rents

What is the average rent price in Orlando, FL?
The average monthly rental price for Orlando, FL apartments for rent is approximately $1,975. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Orlando, 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 Orlando, FL.
How much is a studio apartment in Orlando, FL?
The average monthly rental price for studio apartments is $1,688 and an average price per square feet of $3.06. There are a total of 10 studio apartment listings currently available for rent in Orlando.
How much is a one bedroom apartment in Orlando, FL?
The average monthly rental price for one bedroom apartments is $1,475 and an average price per square feet of $2.17. There are a total of 190 one bedroom apartment listings currently available for rent in Orlando.
How much is a two bedroom apartment in Orlando, FL?
The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $1.72. There are a total of 220 two bedroom apartment listings currently available for rent in Orlando.
How have rent prices in Orlando, FL changed this year?
Rent prices for rentals in Orlando, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.78%, one bedroom rental prices have changed by -0.23%, two bedroom rental prices have changed by -0.20%, and three bedroom rental prices have changed by -0.06% year-over-year.
What is a reasonable rent price in Orlando, FL?
A reasonable rent price in Orlando, FL is around $1,580/month. You can search for these reasonably priced rental listings on RentHop.
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