2 Apartments under 1100 for rent in Wesley Chapel, FL

Last updated January 12 at 4:52pm UTC
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January 2018 Wesley Chapel Rent Report

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

View full Wesley Chapel Rent Report
Rent Report
Wesley Chapel

January 2018 Wesley Chapel Rent Report

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

Wesley Chapel rent trends were flat over the past month

Over the past month Wesley Chapel rents have remained steady. Currently, median rents in Wesley Chapel stand at $1,210 for a one-bedroom apartment and $1,500 for a two-bedroom. Wesley Chapel's year-over-year rent growth lags the state average of 3.7%, as well as the national average of 2.8%.

Rents rising across the Tampa Metro

While rents have remained steady in the city of Wesley Chapel throughout the past year, cities across the metro have seen a different trend. Rents have risen in all of of the largest 10 cities in the Tampa metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

  • Largo has seen the fastest rent growth in the metro, with a year-over-year increase of 7.6%. The median two-bedroom there costs $1,160, while one-bedrooms go for $930.
  • Over the past month, Brandon has seen the biggest rent drop in the metro, with a decline of 0.4%. Median two-bedrooms there cost $1,240, while one-bedrooms go for $1,000.
  • St. Petersburg has the least expensive rents in the Tampa metro, with a two-bedroom median of $1,160; rents went down 0.2% over the past month but rose 5.7% over the past year.
  • Wesley Chapel has the most expensive rents of the largest cities in the Tampa metro, with a two-bedroom median of $1,500; rents remained steady over the past month.

Many large cities nationwide show more affordable rents compared to Wesley Chapel

Rent growth in Wesley Chapel has been relatively stable over the past year - some other large cities have seen more substantial increases. Compared to most large cities across the country, Wesley Chapel is less affordable for renters.

  • Other cities across the state have seen rents moderately increase, with Florida as a whole logging rent growth of 3.7% over the past year. For example, rents have grown by 4.5% in Jacksonville and 0.5% in Miami.
  • Wesley Chapel's median two-bedroom rent of $1,500 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the stagnant growth in Wesley Chapel.
  • While rents in Wesley Chapel remained moderately stable this year, similar cities saw increases, including Los Angeles (+5.4%), Phoenix (+3.8%), and Houston (+2.5%); note that median 2BR rents in these cities go for $1,750, $1,020, and $1,030 respectively.
  • Renters will generally find more expensive prices in Wesley Chapel than most large cities. For example, Memphis has a median 2BR rent of $820, where Wesley Chapel 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.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Tampa $980 $1,220 -0.1% 6.2%
St. Petersburg $930 $1,160 -0.2% 5.7%
Clearwater $930 $1,160 -0.3% 4.1%
Brandon $1,000 $1,240 -0.4% 3.9%
Largo $930 $1,160 2.7% 7.6%
Riverview $1,030 $1,280 0.4% 1.3%
Palm Harbor $1,060 $1,320 0.1% 3.7%
Pinellas Park $970 $1,210 0.5% 2.9%
Wesley Chapel $1,210 $1,500 0.4% 0.3%
Dunedin $960 $1,190 -0.3% 5.4%
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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.