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11 Studio Apartments for rent in Sarasota, FL

Last updated October 18 at 12:50pm UTC
Hidden Acres Apartments
1284 Hidden Cir E
Sarasota, FL
Updated October 16 at 9:41am UTC
Studio
$649
2701 HIDDEN LAKE DRIVE N
Sarasota
Sarasota, FL
Updated October 17 at 7:46am UTC
Studio
$925
33 S GULFSTREAM AVENUE
Main Street Merchants
Sarasota, FL
Updated September 12 at 11:12pm UTC
Studio
$1,375
4532 Swift Rd
Sarasota
Sarasota, FL
Updated August 24 at 2:41am UTC
Studio
$850
Results within 10 miles of Sarasota, FL
2404 10TH STREET W
Edgewood
Bradenton, FL
Updated September 24 at 6:03pm UTC
Studio
$575
571 SAINT JUDES DRIVE
Longboat Key
Longboat Key, FL
Updated April 18 at 10:16am UTC
Studio
$1,500

October 2018 Sarasota Rent Report

Welcome to the October 2018 Sarasota Rent Report. Sarasota rents remained steady over the past month. In this report, we'll evaluate trends in the Sarasota rental market, including comparisons to cities throughout the state and nation.

View full Sarasota Rent Report
Rent Report
Sarasota

October 2018 Sarasota Rent Report

Welcome to the October 2018 Sarasota Rent Report. Sarasota rents remained steady over the past month. In this report, we'll evaluate trends in the Sarasota rental market, including comparisons to cities throughout the state and nation.

Sarasota rents held steady over the past month

Sarasota rents have increased 0.1% over the past month, but have been relatively flat in comparison to the same time last year. Currently, median rents in Sarasota stand at $1,080 for a one-bedroom apartment and $1,380 for a two-bedroom. Sarasota's year-over-year rent growth lags the state average of 1.4%, as well as the national average of 0.9%.

Rents rising across cities in Florida

Throughout the past year, rents have remained steady in the city of Sarasota, but other cities across the entire state have seen rents increase. 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 1.4% 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 $2,400; of the 10 largest cities in the state that we have data for, Fort Lauderdale, where a two-bedroom goes for $1,440, is the only major city to see rents fall year-over-year (-0.5%).
  • Orlando, Tampa, and Hialeah have all experienced year-over-year growth above the state average (4.6%, 3.0%, and 2.2%, respectively).

Many large cities nationwide show more affordable rents compared to Sarasota

Rent growth in Sarasota has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Sarasota is less affordable for renters.

  • Sarasota's median two-bedroom rent of $1,380 is above the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the stagnant growth in Sarasota.
  • While rents in Sarasota remained moderately stable this year, similar cities saw increases, including Phoenix (+2.6%), Atlanta (+1.4%), and San Francisco (+1.1%); note that median 2BR rents in these cities go for $1,050, $1,190, and $3,110 respectively.
  • Renters will generally find more expensive prices in Sarasota than most large cities. For example, Detroit has a median 2BR rent of $890, where Sarasota is more than 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.

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.