51 Cheap Apartments for rent in Sanford, FL

Last updated November 25 at 3:22am UTC
100 Lindsey Way
Sanford
Sanford, FL
Updated November 23 at 10:02am UTC
2 Bedrooms
$925
Results within 5 miles of Sanford, FL
811 2nd Street
Hickory Square
Altamonte Springs, FL
Updated November 17 at 5:15am UTC
2 Bedrooms
$895
Results within 10 miles of Sanford, FL
222 E Gardenia Dr
Orange City Hills
Orange City, FL
Updated November 23 at 12:13pm UTC
3 Bedrooms
$925
14 SANDALWOOD COURT
Oviedo
Oviedo, FL
Updated November 24 at 6:04pm UTC
2 Bedrooms
$925
943 Halstead St
Deltona Lakes
Deltona, FL
Updated November 6 at 11:48am UTC
2 Bedrooms
$899
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November 2017 Sanford Rent Report

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

View full Sanford Rent Report
Rent Report
Sanford

November 2017 Sanford Rent Report

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

Sanford rents declined over the past month

Sanford rents have declined 1.4% over the past month, but have increased significantly by 5.7% in comparison to the same time last year. Currently, median rents in Sanford stand at $920 for a one-bedroom apartment and $1,100 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Sanford's year-over-year rent growth leads 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 Sanford, 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 went down 1.4% over the past month but rose 5.7% over the past year.

Sanford rents more affordable than many large cities nationwide

As rents have increased significantly in Sanford, other 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.

  • 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.
  • Sanford's median two-bedroom rent of $1,100 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.7% increase in Sanford.
  • While Sanford's rents rose significantly over the past year, many cities nationwide saw decreases, including DC (-0.6%), New York (-0.2%), and Nashville (-0.1%).
  • 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 $1,020 $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.