2 Apartments under 700 for rent in Winter Park, FL

Last updated August 14 at 9:50am UTC
Results within 10 miles of Winter Park, FL
5920 Jason Street
Pine Castle
Orlando, FL
Updated August 14 at 9:50am UTC
1 Bedroom
$695
4259 Inglenook Unit 39G
Orlando
Orlando, FL
Updated August 11 at 10:04am UTC
Studio
$100

August 2018 Winter Park Rent Report

Welcome to the August 2018 Winter Park Rent Report. Winter Park rents increased over the past month. In this report, we'll evaluate trends in the Winter Park rental market, including comparisons to cities throughout the metro, state, and nation.

View full Winter Park Rent Report
Rent Report
Winter Park

August 2018 Winter Park Rent Report

Welcome to the August 2018 Winter Park Rent Report. Winter Park rents increased over the past month. In this report, we'll evaluate trends in the Winter Park rental market, including comparisons to cities throughout the metro, state, and nation.

Winter Park rents increase sharply over the past month

Winter Park rents have increased 1.3% over the past month, and have increased sharply by 8.2% in comparison to the same time last year. Currently, median rents in Winter Park stand at $1,050 for a one-bedroom apartment and $1,260 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in December of last year. Winter Park's year-over-year rent growth leads the state average of 2.1%, as well as the national average of 1.2%.

Rents rising across the Orlando Metro

Throughout the past year, rent increases have been occurring not just in the city of Winter Park, but across the entire metro. Of the largest 10 cities that we have data for in the Orlando metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Winter Park has seen the fastest rent growth in the metro, with a year-over-year increase of 8.2%. The median two-bedroom there costs $1,260, while one-bedrooms go for $1,050.
  • Over the past month, Winter Garden has seen the biggest rent drop in the metro, with a decline of 0.8%. Median two-bedrooms there cost $1,240, while one-bedrooms go for $1,040.
  • Oviedo has the most expensive rents of the largest cities in the Orlando metro, with a two-bedroom median of $1,540; rents fell 0.5% over the past month but rose 2.5% over the past year.
  • Sanford has the least expensive rents in the Orlando metro, with a two-bedroom median of $1,140; rents increased 0.4% over the past month and 1.9% over the past year.

Winter Park rents more affordable than many large cities nationwide

As rents have increased sharply in Winter Park, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Winter Park 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 2.1% over the past year. For example, rents have grown by 2.3% in Jacksonville and 0.9% in Miami.
  • Winter Park's median two-bedroom rent of $1,260 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 8.2% increase in Winter Park.
  • While Winter Park's rents rose sharply over the past year, the city of Nashville saw a decrease of 0.1%.
  • Renters will find more reasonable prices in Winter Park than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is nearly two-and-a-half times the price in Winter Park.

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 $1,070 $1,280 0.4% 5.9%
Kissimmee $1,020 $1,220 -0.4% 3.7%
Sanford $950 $1,140 0.4% 1.9%
Apopka $970 $1,170 -0.0% 1.1%
Altamonte Springs $1,050 $1,250 0.4% 4.6%
Winter Garden $1,040 $1,240 -0.8% 3.6%
Oviedo $1,290 $1,540 -0.5% 2.5%
Winter Springs $1,070 $1,290 0.1% 1.3%
Winter Park $1,050 $1,260 1.3% 8.2%
Casselberry $1,060 $1,270 -0.3% 4.0%
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.