3 Apartments under 700 for rent in Sanford, FL

Last updated September 22 at 10:49AM
Results within 10 miles of Sanford, FL
425 WYMORE RD. UNIT 103
, FL
Updated September 22 at 10:37AM
1 Bedroom
$695
Results within 20 miles of Sanford, FL
7240 Westpointe Blvd, #GA11D
Metro West
Orlando, FL
Updated August 3 at 11:58AM
Studio
$125
506 E. Concord Street
Lake Eola Heights
Orlando, FL
Updated September 22 at 10:49AM
Studio
$675
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Rent Report
Sanford

September 2017 Sanford Rent Report

Welcome to the September 2017 Sanford Rent Report. Sanford rents remained steady over the past month. In this report, we'll evaluate trends in the Sanford rental market, including comparisons to cities throughout the state and nation.

Sanford rents held steady over the past month

Sanford rents have remained flat over the past month, however, they have increased sharply by 8.9% year-over-year. Currently, median rents in Sanford stand at $940 for a one-bedroom apartment and $1,120 for a two-bedroom. Sanford'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 Sanford, 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%).
  • Sanford, Tampa, and St. Petersburg have all experienced year-over-year growth above the state average (8.9%, 5.6%, and 4.6%, respectively).

Sanford rents more affordable than many large cities nationwide

As rents have increased in Sanford, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Sanford is still more affordable than most large cities across the country.

  • Sanford's median two-bedroom rent of $1,120 is slightly below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 8.9% rise in Sanford.
  • While Sanford's rents rose over the past year, some cities nationwide saw decreases, including Houston (-2.4%) and DC (-0.5%).
  • Renters will find more reasonable prices in Sanford than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Sanford.

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.