84 Apartments under 1000 for rent in Oviedo, FL

Last updated September 20 at 3:11AM
26 SANDALWOOD COURT
Oviedo
Oviedo, FL
Updated September 19 at 10:37AM
2 Bedrooms
$925
Results within 5 miles of Oviedo, FL
114 Cory Lane
Winter Springs
Winter Springs, FL
Updated September 9 at 9:45AM
Studio
$875
9868 Lancewood Street
Union Park
Orlando, FL
Updated September 17 at 9:01AM
2 Bedrooms
$995
1158 CALLE DEL NORTE
Casselberry
Casselberry, FL
Updated September 6 at 3:06AM
1 Bedroom
$900
3748 Idlebrook Circle #110
Casselberry
Casselberry, FL
Updated September 1 at 9:40AM
2 Bedrooms
$925
2550 N ALAFAYA TRAIL
Morningside
Alafaya, FL
Updated September 16 at 11:01AM
1 Bedroom
$875
3353 Royal St
Winter Park
Winter Park, FL
Updated September 15 at 10:27AM
2 Bedrooms
$995
10322 Groton St.
Union Park
Orlando, FL
Updated September 19 at 9:33AM
2 Bedrooms
$900
Results within 10 miles of Oviedo, FL
3740 IDLEBROOK CIRCLE
Casselberry
Casselberry, FL
Updated September 19 at 2:34AM
1 Bedroom
$875
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Rent Report
Oviedo

September 2017 Oviedo Rent Report

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

Oviedo rents increase sharply over the past month

Oviedo rents have increased 0.7% over the past month, and are up moderately by 2.9% in comparison to the same time last year. Currently, median rents in Oviedo stand at $1,270 for a one-bedroom apartment and $1,520 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in April. Oviedo's year-over-year rent growth lags 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 Oviedo, 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).

Many large cities nationwide show more affordable rents compared to Oviedo

Rent growth in Oviedo has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Oviedo is less affordable for renters.

  • Oviedo's median two-bedroom rent of $1,520 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.9% rise in Oviedo.
  • While rents in Oviedo remained moderately stable this year, similar cities saw increases, including Los Angeles (+5.0%), Charlotte (+3.9%), and Atlanta (+2.6%); note that median 2BR rents in these cities go for $1,740, $1,110, and $1,170 respectively.
  • Renters will generally find more expensive prices in Oviedo than most large cities. For example, Norfolk has a median 2BR rent of $960, where Oviedo is more than one-and-a-half times that price.

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.