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102 Luxury Apartments for rent in Sanford, FL

109 OVEROAKS PLACE
109 Overoaks Place
Seminole County, FL
Updated March 24 at 12:04pm
3613 MESSINA DRIVE
3613 Messina Drive
Lake Mary, FL
Updated March 24 at 12:04pm
910 REGATTA BAY DRIVE
910 Regatta Bay Drive
Orange City, FL
Updated March 24 at 12:04pm
3 Bedrooms
$1,195
2584 Grassy Point Drive - 1, Unit 104
2584 Grassy Point Drive
Seminole County, FL
Updated March 24 at 03:35pm
2 Bedrooms
$1,270
1086 Walnut Woods Pl
1086 Walnut Woods Place
Seminole County, FL
Updated March 24 at 01:26pm
208 Vista Oak Drive
208 Vista Oak Drive
Seminole County, FL
Updated March 24 at 03:35pm

March 2019 Sanford Rent Report

Welcome to the March 2019 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 Rent Report

March 2019 Sanford Rent Report

Welcome to the March 2019 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 remained flat over the past month, however, they have increased moderately by 2.9% year-over-year. Currently, median rents in Sanford stand at $960 for a one-bedroom apartment and $1,150 for a two-bedroom. Sanford's year-over-year rent growth leads the state average of 1.2%, as well as the national average of 0.9%.

    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.

    • Apopka has seen rents fall by 0.4% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Orlando metro, with a two-bedroom median of $1,150.
    • Maitland has seen the fastest rent growth in the metro, with a year-over-year increase of 7.4%. The median two-bedroom there costs $1,360, while one-bedrooms go for $1,130.

    Sanford rents more affordable than many large cities nationwide

    As rents have increased moderately in Sanford, a few large cities nationwide have also seen rents grow modestly. Sanford is still more affordable than most large cities across the country.

    • Rents increased slightly in other cities across the state, with Florida as a whole logging rent growth of 1.2% over the past year. For example, rents have grown by 2.2% in Jacksonville and 0.8% in Miami.
    • Sanford's median two-bedroom rent of $1,150 is slightly below the national average of $1,170. Nationwide, rents have grown by 0.9% over the past year compared to the 2.9% increase in Sanford.
    • While Sanford's rents rose moderately over the past year, many cities nationwide also saw increases, including Austin (+3.1%), Charlotte (+3.0%), and New York (+2.0%).
    • Renters will find more reasonable prices in Sanford than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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
    $1,060
    $1,270
    0.1%
    2.6%
    Kissimmee
    $1,020
    $1,220
    -0.6%
    1.1%
    Sanford
    $960
    $1,150
    -0.1%
    2.9%
    Apopka
    $960
    $1,150
    -0.5%
    -0.4%
    Altamonte Springs
    $1,060
    $1,260
    0.2%
    3.4%
    Oviedo
    $1,280
    $1,530
    -0.8%
    1%
    Winter Springs
    $1,070
    $1,290
    0.1%
    2.7%
    Winter Park
    $1,040
    $1,250
    -0.4%
    4.7%
    Casselberry
    $1,070
    $1,280
    -0.2%
    2.3%
    Maitland
    $1,130
    $1,360
    -0.4%
    7.4%
    Lake Mary
    $1,350
    $1,610
    0
    1.3%
    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.