52 Cheap Apartments for rent in St. Petersburg, FL

Last updated November 24 at 2:07pm UTC
Trellis at the Lakes
11401 Dr Martin Luther King Jr St N
St. Petersburg, FL
Updated November 24 at 2:07pm UTC
1 Bedroom
$835
2 Bedrooms
$1,110
5742 9th Ave N
Disston Heights
St. Petersburg, FL
Updated November 19 at 10:20am UTC
1 Bedroom
$900
1501 16th St N
Euclid Place - St. Paul
St. Petersburg, FL
Updated November 23 at 5:49pm UTC
2 Bedrooms
$900
777 30th Ave N
Allendale Park - Five Points
St. Petersburg, FL
Updated November 23 at 9:46am UTC
1 Bedroom
$900
2008 54th St N
Disston Heights
St. Petersburg, FL
Updated November 23 at 9:46am UTC
1 Bedroom
$795
3544 DARTMOUTH AVENUE N
Central Oak Park
St. Petersburg, FL
Updated November 24 at 9:34am UTC
1 Bedroom
$750
3433 3rd Ave S
Central Oak Park
St. Petersburg, FL
Updated November 23 at 10:02am UTC
1 Bedroom
$695
463 76TH AVENUE N
Fossil Park
St. Petersburg, FL
Updated November 18 at 1:18am UTC
2 Bedrooms
$900
3800 18TH AVENUE S
Childs Park
St. Petersburg, FL
Updated November 24 at 9:34am UTC
1 Bedroom
$750
1501 16th St N
Euclid Place - St. Paul
St. Petersburg, FL
Updated November 23 at 9:46am UTC
1 Bedroom
$795
3580 38TH AVENUE S
Patriot Square
St. Petersburg, FL
Updated November 24 at 10:05am UTC
1 Bedroom
$875
7401 5th Ave N
Azalea Homes
St. Petersburg, FL
Updated November 24 at 9:20am UTC
1 Bedroom
$840
7045 30th Ave N
Jungle Terrace
St. Petersburg, FL
Updated November 24 at 9:57am UTC
1 Bedroom
$825
10200 GANDY BOULEVARD N
St. Petersburg
St. Petersburg, FL
Updated November 23 at 11:32am UTC
1 Bedroom
$875
875 19th Ave S
Bartlett Park
St. Petersburg, FL
Updated November 24 at 1:27am UTC
1 Bedroom
$750
Burlington Ave N
Downtown St. Petersburg
St. Petersburg, FL
Updated October 15 at 7:37am UTC
Studio
$895
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November 2017 St. Petersburg Rent Report

Welcome to the November 2017 St. Petersburg Rent Report. In this report, we'll evaluate trends in the St. Petersburg rental market, including comparisons to cities throughout the state and nation.

View full St. Petersburg Rent Report
Rent Report
St. Petersburg

November 2017 St. Petersburg Rent Report

Welcome to the November 2017 St. Petersburg Rent Report. In this report, we'll evaluate trends in the St. Petersburg rental market, including comparisons to cities throughout the state and nation.

St. Petersburg rents increased moderately over the past month

St. Petersburg rents have increased 0.4% over the past month, and have increased significantly by 5.8% in comparison to the same time last year. Currently, median rents in St. Petersburg stand at $930 for a one-bedroom apartment and $1,160 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in June. St. Petersburg'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 cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of St. Petersburg, 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 3.5% 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 $2,380; 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 (-0.2%).
  • Orlando, St. Petersburg, and Port St. Lucie have all experienced year-over-year growth above the state average (6.4%, 5.8%, and 5.8%, respectively).

St. Petersburg rents more affordable than many large cities nationwide

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

  • St. Petersburg's median two-bedroom rent of $1,160 is equal to the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.8% increase in St. Petersburg.
  • While St. Petersburg's rents rose significantly over the past year, many cities nationwide also saw increases, including Phoenix (+4.1%), Los Angeles (+3.9%), and Charlotte (+3.0%).
  • Renters will find more reasonable prices in St. Petersburg than most large cities. For example, Los Angeles has a median 2BR rent of $1,730, which is nearly one-and-a-half times the price in St. Petersburg.

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
Tampa $980 $1,230 0.3% 5.7%
St. Petersburg $930 $1,160 0.4% 5.8%
Clearwater $930 $1,160 0.3% 4.3%
Brandon $1,000 $1,240 -0.4% 3.2%
Largo $900 $1,120 0.4% 5.8%
Riverview $1,030 $1,280 -0.3% 1.6%
Palm Harbor $1,050 $1,310 0.6% 3.9%
New Port Richey $810 $1,010 -0.0% 8.5%

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.