90 Apartments under 1000 for rent in Oviedo, FL

Last updated November 22 at 2:34pm UTC
6 Sandalwood Ct
Oviedo
Oviedo, FL
Updated November 22 at 12:04pm UTC
2 Bedrooms
$960
14 Sandalwood Ct
Oviedo
Oviedo, FL
Updated November 22 at 12:01pm UTC
2 Bedrooms
$925
Results within 5 miles of Oviedo, FL
468 Banyon Tree Circle #206
Maitland
Maitland, FL
Updated October 28 at 11:11am UTC
1 Bedroom
$900
1515 Sophie Blvd.
Orlando
Orlando, FL
Updated November 22 at 12:08pm UTC
2 Bedrooms
$976
103 NORTHLAKE DRIVE
Sanford
Sanford, FL
Updated November 4 at 9:50am UTC
2 Bedrooms
$950
16204 OLD CHENEY HWY.
Seaward Plantation Estates
Orlando, FL
Updated October 28 at 10:45am UTC
2 Bedrooms
$850
401 Georgetown Dr. unit D
Casselberry
Casselberry, FL
Updated November 21 at 11:50am UTC
1 Bedroom
$800
2550 N Alafaya Trail
Morningside
Orlando, FL
Updated November 22 at 10:05am UTC
1 Bedroom
$895
2610 Eastbrook Blvd
Goldenrod
Winter Park, FL
Updated October 30 at 5:39pm UTC
1 Bedroom
$775
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November 2017 Oviedo Rent Report

Welcome to the November 2017 Oviedo Rent Report. Oviedo rents declined over the past month. In this report, we'll evaluate trends in the Oviedo rental market, including comparisons to cities throughout the metro, state, and nation.

View full Oviedo Rent Report
Rent Report
Oviedo

November 2017 Oviedo Rent Report

Welcome to the November 2017 Oviedo Rent Report. Oviedo rents declined over the past month. In this report, we'll evaluate trends in the Oviedo rental market, including comparisons to cities throughout the metro, state, and nation.

Oviedo rents declined over the past month

Oviedo rents have declined 0.7% over the past month, but are up marginally by 0.7% in comparison to the same time last year. Currently, median rents in Oviedo stand at $1,250 for a one-bedroom apartment and $1,500 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Oviedo's year-over-year rent growth lags the state average of 3.5%, as well as the national average of 2.7%.

Rents rising across the Orlando Metro

Throughout the past year, rent increases have been occurring not just in the city of Oviedo, 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.

  • Lake Mary has the most expensive rents in the Orlando metro, with a two-bedroom median of $1,560; the city has also seen rent growth of 0.7% over the past month, the fastest in the metro.
  • Over the past year, Winter Springs is the only city in the metro that has seen rents fall, with a decline of 1.2%. Median two-bedrooms there cost $1,230, while one-bedrooms go for $1,020.
  • Sanford has the least expensive rents in the Orlando metro, with a two-bedroom median of $1,100; rents decreased 1.4% over the past month but were up 5.7% over the past year.

Many large cities nationwide show more affordable rents compared to Oviedo

As rents have increased marginally in Oviedo, other large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Oviedo is less affordable for renters.

  • Rents increased moderately in other cities across the state, with Florida as a whole logging rent growth of 3.5% over the past year. For example, rents have grown by 4.2% in Jacksonville.
  • Oviedo's median two-bedroom rent of $1,500 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 0.7% rise in Oviedo.
  • While Oviedo's rents rose marginally over the past year, many cities nationwide saw more substantial increases, including Los Angeles (+3.9%), Charlotte (+3.0%), and Atlanta (+2.4%).
  • Renters will generally find more expensive prices in Oviedo than most large cities. For example, Houston has a median 2BR rent of $1,010, where Oviedo is nearly 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 $1,020 $1,220 -0.0% 6.4%
Kissimmee $990 $1,190 0.5% 6.2%
Sanford $920 $1,100 -1.4% 5.7%
Altamonte Springs $1,000 $1,200 0.5% 4.2%
Oviedo $1,250 $1,500 -0.7% 0.7%
Winter Springs $1,020 $1,230 -1.9% -1.2%
Winter Park $1,000 $1,200 0.1% 7.3%
Casselberry $1,020 $1,220 -0.9% 5.4%
Maitland $1,040 $1,250 0.3% 1.7%
Lake Mary $1,300 $1,560 0.7% 7.2%

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.