78 Cheap Apartments for rent in Altamonte Springs, FL

Last updated September 23 at 12:02AM
752 Howland Ln
Altamonte Springs
Altamonte Springs, FL
Updated September 21 at 5:37PM
2 Bedrooms
$995
122 Water Front Way
Altamonte Springs
Altamonte Springs, FL
Updated September 22 at 7:03PM
1 Bedroom
$799
360 Lakepointe Dr #304
Altamonte Springs
Altamonte Springs, FL
Updated September 14 at 11:13AM
1 Bedroom
$890
145 Oyster Bay Circle #100
Altamonte Springs
Altamonte Springs, FL
Updated September 21 at 12:05PM
1 Bedroom
$850
832 GRAND REGENCY POINT, #103
Altamonte Springs
Altamonte Springs, FL
Updated September 12 at 10:25AM
1 Bedroom
$895
958 SALT POND PLACE #304
Altamonte Springs
Altamonte Springs, FL
Updated September 21 at 10:49AM
2 Bedrooms
$1,000
942 LAKE DESTINY ROAD
Altamonte Springs
Altamonte Springs, FL
Updated September 22 at 6:22PM
1 Bedroom
$850
615 Dory Ln
Altamonte Springs
Altamonte Springs, FL
Updated September 22 at 7:21PM
2 Bedrooms
$950
421 Montgomery Rd, #151
Altamonte Springs
Altamonte Springs, FL
Updated September 4 at 12:36PM
Studio
$700
216 Afton Sq. Bldg 9 Unit 203
Altamonte Springs
Altamonte Springs, FL
Updated September 21 at 12:48PM
1 Bedroom
$765
430 Forestway Cir
Altamonte Springs
Altamonte Springs, FL
Updated September 22 at 10:33AM
1 Bedroom
$900
221 Sharon Dr
Altamonte Springs
Altamonte Springs, FL
Updated August 17 at 2:28AM
1 Bedroom
$875
200 Maitland Avenue #57
Altamonte Springs
Altamonte Springs, FL
Updated September 21 at 12:09PM
1 Bedroom
$975
821 Grand Regency Point #207
Altamonte Springs
Altamonte Springs, FL
Updated September 21 at 12:56PM
1 Bedroom
$850
637 Buoy Lane # 302
Altamonte Springs
Altamonte Springs, FL
Updated September 21 at 12:49PM
2 Bedrooms
$975
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Rent Report
Altamonte Springs

September 2017 Altamonte Springs Rent Report

Welcome to the September 2017 Altamonte Springs Rent Report. Altamonte Springs rents increased over the past month. In this report, we'll evaluate trends in the Altamonte Springs rental market, including comparisons to cities throughout the state and nation.

Altamonte Springs rents increased over the past month

Altamonte Springs rents have increased 0.1% over the past month, and are up significantly by 4.5% in comparison to the same time last year. Currently, median rents in Altamonte Springs stand at $1,000 for a one-bedroom apartment and $1,200 for a two-bedroom. This is the sixth straight month that the city has seen rent increases after a decline in February. Altamonte Springs' year-over-year rent growth leads the state average of 3.6%, as well as the national average of 3.0%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Altamonte Springs, but across the entire state. Of the largest 10 cities that we have data for in Florida, 9 of them have seen prices rise. The state as a whole logged rent growth of 3.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Pembroke Pines is the most expensive of all Florida's major cities, with a median two-bedroom rent of $2,390; of the 10 largest cities in the state that we have data for, Miami, where a two-bedroom goes for $1,350, is the only major city to see rents fall year-over-year (-0.4%).
  • Tampa, St. Petersburg, and Jacksonville have all experienced year-over-year growth above the state average (5.6%, 4.6%, and 4.5%, respectively).

Altamonte Springs rents more affordable than many large cities nationwide

As rents have increased in Altamonte Springs, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Altamonte Springs is still more affordable than most large cities across the country.

  • Altamonte Springs' median two-bedroom rent of $1,200 is slightly above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 4.5% increase in Altamonte Springs.
  • While Altamonte Springs' rents rose over the past year, some cities nationwide saw decreases, including Houston (-2.4%) and DC (-0.5%).
  • Renters will find more reasonable prices in Altamonte Springs than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Altamonte Springs.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Orlando $1,010 $1,210 0.7% 6.4%
Kissimmee $990 $1,190 0.5% 5.6%
Sanford $940 $1,120 0.1% 8.9%
Altamonte Springs $1,000 $1,200 0.1% 4.5%
Oviedo $1,270 $1,520 0.7% 2.9%
Winter Springs $1,050 $1,260 -1.4% 1.2%
Winter Park $990 $1,190 2.2% 7.1%
Maitland $1,040 $1,250 0.2% 2.4%
Lake Mary $1,310 $1,570 -1.3% 10.5%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.