26 Cheap Apartments for rent in Altamonte Springs, FL

Last updated January 18 at 11:26pm UTC
236 Afton Square #103
Altamonte Springs
Altamonte Springs, FL
Updated January 3 at 3:36pm UTC
1 Bedroom
$850
974 Leeward Place Unit 305
Altamonte Springs
Altamonte Springs, FL
Updated January 3 at 3:45pm UTC
2 Bedrooms
$975
637 Buoy Lane Unit 304
Altamonte Springs
Altamonte Springs, FL
Updated January 18 at 8:11pm UTC
2 Bedrooms
$995
229 Sharon Dr
Altamonte Springs
Altamonte Springs, FL
Updated January 11 at 1:36am UTC
1 Bedroom
$850
948 Lake Destiny Rd #E
Altamonte Springs
Altamonte Springs, FL
Updated January 9 at 11:47am UTC
1 Bedroom
$800
902 Lake Destiny Rd Apartment E
Altamonte Springs
Altamonte Springs, FL
Updated January 18 at 8:00pm UTC
2 Bedrooms
$900
430 Forestway Cir
Altamonte Springs
Altamonte Springs, FL
Updated January 3 at 1:49am UTC
1 Bedroom
$895
325 Lakepointe Drive #103
Altamonte Springs
Altamonte Springs, FL
Updated January 18 at 8:10pm UTC
2 Bedrooms
$995
618 Orange Dr # 208
Altamonte Springs
Altamonte Springs, FL
Updated January 15 at 12:44pm UTC
1 Bedroom
$825
956 Salt Pond Pl
Altamonte Springs
Altamonte Springs, FL
Updated January 18 at 2:00pm UTC
2 Bedrooms
$975
842 GRAND REGENCY
Altamonte Springs
Altamonte Springs, FL
Updated January 3 at 11:23am UTC
1 Bedroom
$995
586 E Orange St
Hickory Square
Altamonte Springs, FL
Updated January 18 at 2:00pm UTC
1 Bedroom
$825
127 Oyster Bay Circle #120
Altamonte Springs
Altamonte Springs, FL
Updated January 18 at 8:09pm UTC
1 Bedroom
$825
238 Afton Square
Altamonte Springs
Altamonte Springs, FL
Updated January 3 at 3:51pm UTC
1 Bedroom
$850
829 Camargo Way #211
Altamonte Springs
Altamonte Springs, FL
Updated January 18 at 7:59pm UTC
1 Bedroom
$950
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January 2018 Altamonte Springs Rent Report

Welcome to the January 2018 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 metro, state, and nation.

View full Altamonte Springs Rent Report
Rent Report
Altamonte Springs

January 2018 Altamonte Springs Rent Report

Welcome to the January 2018 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 metro, state, and nation.

Altamonte Springs rents increased significantly over the past month

Altamonte Springs rents have increased 0.5% over the past month, and have increased sharply by 6.1% in comparison to the same time last year. Currently, median rents in Altamonte Springs stand at $1,020 for a one-bedroom apartment and $1,220 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in September. Altamonte Springs' year-over-year rent growth leads the state average of 3.7%, as well as the national average of 2.8%.

Rents rising across the Orlando Metro

Throughout the past year, rent increases have been occurring not just in the city of Altamonte Springs, but across the entire metro. Of the largest 10 cities that we have data for in the Orlando metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Sanford has seen rents fall by 0.4% over the past month, the biggest drop in the metro. It also has the least expensive rents in the Orlando metro, with a two-bedroom median of $1,110.
  • Apopka has seen the fastest rent growth in the metro, with a year-over-year increase of 10.1%. The median two-bedroom there costs $1,150, while one-bedrooms go for $960.
  • Oviedo has the most expensive rents of the largest cities in the Orlando metro, with a two-bedroom median of $1,520; rents grew 1.1% over the past month and 3.0% over the past year.

Altamonte Springs rents more affordable than many large cities nationwide

As rents have increased sharply 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.

  • Rents increased significantly in other cities across the state, with Florida as a whole logging rent growth of 3.7% over the past year. For example, rents have grown by 4.5% in Jacksonville and 0.5% in Miami.
  • Altamonte Springs' median two-bedroom rent of $1,220 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 6.1% increase in Altamonte Springs.
  • While Altamonte Springs' rents rose sharply over the past year, some cities nationwide saw decreases, including DC (-0.3%) and Nashville (-0.1%).
  • Renters will find more reasonable prices in Altamonte Springs than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is nearly 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 $1,020 $1,230 0.3% 6.8%
Kissimmee $1,000 $1,210 0.5% 6.7%
Sanford $920 $1,110 -0.4% 6.3%
Apopka $960 $1,150 0.1% 10.1%
Altamonte Springs $1,020 $1,220 0.5% 6.1%
Oviedo $1,270 $1,520 1.1% 3.0%
Winter Springs $1,030 $1,230 0.8% -2.4%
Winter Park $990 $1,190 -0.1% 6.1%
Casselberry $1,020 $1,220 0.7% 6.5%
Maitland $1,060 $1,270 1.7% 4.7%
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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.