32 Apartments under 700 for rent in Jacksonville, FL

Last updated September 20 at 10:12AM
5762 Begonia Rd
Magnolia Gardens
Jacksonville, FL
Updated September 18 at 6:28PM
2 Bedrooms
$650
4750 OLD MIDDLEBURG RD North
Jacksonville Heights
Jacksonville, FL
Updated September 20 at 10:12AM
3 Bedrooms
$650
2103 Lambert St
Fairfield
Jacksonville, FL
Updated September 19 at 1:42AM
2 Bedrooms
$600
5342 Seaboard Ave
Ortega Farms
Jacksonville, FL
Updated September 19 at 10:31AM
1 Bedroom
$575
1580 19TH ST
Mid-Westside
Jacksonville, FL
Updated September 15 at 3:49AM
2 Bedrooms
$625
5228 LEXINGTON
Hillcrest
Jacksonville, FL
Updated September 16 at 10:47AM
1 Bedroom
$575
1334 Barnett St
Mid-Westside
Jacksonville, FL
Updated September 17 at 1:50AM
2 Bedrooms
$485
5436 101ST ST
Ortega Farms
Jacksonville, FL
Updated September 20 at 2:22AM
1 Bedroom
$595
1435 PRINCE ST
New Town
Jacksonville, FL
Updated September 13 at 2:02AM
2 Bedrooms
$625
7855 Argyle Forest Blvd
Chimney Lakes
Jacksonville, FL
Updated September 19 at 10:29AM
Studio
$495
1016 DORCHESTER ST
45th and Moncrief
Jacksonville, FL
Updated August 23 at 11:08AM
2 Bedrooms
$675
1629 Windle St
New Town
Jacksonville, FL
Updated September 16 at 10:12AM
2 Bedrooms
$570
7044 BLOXHAM AVE
Panama Park
Jacksonville, FL
Updated September 16 at 9:41AM
2 Bedrooms
$675
5342 Seaboard Ave
Ortega Farms
Jacksonville, FL
Updated September 20 at 9:22AM
2 Bedrooms
$675
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Rent Report
Jacksonville

September 2017 Jacksonville Rent Report

Welcome to the September 2017 Jacksonville Rent Report. In this report, we'll evaluate trends in the Jacksonville rental market, including comparisons to cities throughout the state and nation.

Jacksonville rents increased moderately over the past month

Jacksonville rents have increased 0.4% over the past month, and are up significantly by 4.5% in comparison to the same time last year. Currently, median rents in Jacksonville stand at $860 for a one-bedroom apartment and $1,050 for a two-bedroom. The city's rents have been increasing for 14 straight months - the last time rents declined was in June of last year. Jacksonville's 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 Jacksonville, 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%).
  • Orlando, Tampa, and St. Petersburg have all experienced year-over-year growth above the state average (6.4%, 5.6%, and 4.6%, respectively).

Jacksonville rents more affordable than many other large cities nationwide

As rents have increased in Jacksonville, a few comparable cities nationwide have seen rents grow more modestly, or in some cases, even decline. Jacksonville is still more affordable than most similar cities across the country.

  • Jacksonville's median two-bedroom rent of $1,050 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 4.5% increase in Jacksonville.
  • While Jacksonville's rents rose over the past year, the city of DC saw a decrease of 0.5%.
  • Renters will find more reasonable prices in Jacksonville than most other large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly three times the price in Jacksonville.

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.

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.