30 Apartments under 1000 for rent in Oviedo, FL

Last updated May 25 at 6:49pm UTC
Results within 5 miles of Oviedo, FL
2550 N Alafaya Trail
Morningside
Orlando, FL
Updated May 25 at 5:54pm UTC
1 Bedroom
$995
3748 IDLEBROOK CIRCLE
Casselberry
Casselberry, FL
Updated May 25 at 5:33pm UTC
1 Bedroom
$950
10526 stradford row
Orlando
Orlando, FL
Updated April 18 at 4:05am UTC
1 Bedroom
$745
Results within 10 miles of Oviedo, FL
Oasis Club Apartments
7451 Gatehouse Cir
Azalea Park, FL
Updated May 25 at 6:15pm UTC
2 Bedrooms
Ask
3 Bedrooms
$921
169 Scottsdale Sq #169
Winter Park
Winter Park, FL
Updated May 25 at 4:57pm UTC
1 Bedroom
$850
554 Orange Drive #15
Altamonte Springs
Altamonte Springs, FL
Updated May 25 at 4:55pm UTC
1 Bedroom
$900
1405 Gattis Dr
Orlando
Orlando, FL
Updated May 24 at 6:20pm UTC
2 Bedrooms
$875
370 Lake Placid Ct
Altamonte Springs
Altamonte Springs, FL
Updated May 24 at 5:48pm UTC
1 Bedroom
$925
1327 S PINE RIDGE CIRCLE
Sanford
Sanford, FL
Updated May 24 at 11:04am UTC
2 Bedrooms
$925
305 LAKEPOINTE DR. #25-203 SEMINOLE COUNTY
Altamonte Springs
Altamonte Springs, FL
Updated May 23 at 9:57am UTC
1 Bedroom
$925
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May 2018 Oviedo Rent Report

Welcome to the May 2018 Oviedo Rent Report. Oviedo rents increased 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

May 2018 Oviedo Rent Report

Welcome to the May 2018 Oviedo Rent Report. Oviedo rents increased 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 increase sharply over the past month

Oviedo rents have increased 0.6% over the past month, and have increased significantly by 4.7% 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. Oviedo's year-over-year rent growth leads the state average of 2.3%, as well as the national average of 1.5%.

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, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Orlando proper has seen the fastest rent growth in the metro, with a year-over-year increase of 6.8%. The median two-bedroom there costs $1,260, while one-bedrooms go for $1,050.
  • Over the past month, Casselberry is the only city in the metro that has seen rents fall, with a decline of 0.1%. Median two-bedrooms there cost $1,250, while one-bedrooms go for $1,050.
  • Sanford has the least expensive rents in the Orlando metro, with a two-bedroom median of $1,130; rents rose 4.8% over the past year but remained flat month-over-month.
  • Oviedo has the most expensive rents of the largest cities in the Orlando metro, with a two-bedroom median of $1,520; rents grew 0.6% over the past month and 4.7% over the past year.

Many large cities nationwide show more affordable rents compared to Oviedo

As rents have increased significantly in Oviedo, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. 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 2.3% over the past year. For example, rents have grown by 2.5% in Jacksonville and 0.6% in Miami.
  • Oviedo's median two-bedroom rent of $1,520 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 4.7% increase in Oviedo.
  • While Oviedo's rents rose significantly over the past year, the city of DC saw a decrease of 0.2%.
  • Renters will generally find more expensive prices in Oviedo than most large cities. For example, Houston has a median 2BR rent of $1,020, 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 $1,050 $1,260 0.5% 6.8%
Kissimmee $1,010 $1,220 0.2% 4.2%
Sanford $940 $1,130 0.2% 4.8%
Apopka $960 $1,150 0.5% 0.9%
Altamonte Springs $1,030 $1,230 0.4% 5.1%
Oviedo $1,270 $1,520 0.6% 4.7%
Winter Springs $1,050 $1,260 0.6% 0.3%
Winter Park $1,020 $1,220 0.8% 5.9%
Casselberry $1,050 $1,250 -0.1% 5.6%
Maitland $1,070 $1,280 1.0% 3.6%
See more

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.