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Apartments for Rent in Orlando, FL under $700 – 1 Rentals available


Orlando’s average rent reached $1,432 in March

Orlando’s average rent reached $1,432 in March, after a 0.1% increase since last year. One of Florida’s largest job hubs and a renter-majority city (63%), Orlando is a desirable place to live and work in, with apartment prices above the national average of $1,407. [View Full Report]

Orlando apartment rent report

Orlando’s average rent was $1,432 in March

Orlando’s average rent reached $1,432 in March, after a 0.1% increase since last year. One of Florida’s largest job hubs and a renter-majority city (63%), Orlando is a desirable place to live and work in, with apartment prices above the national average of $1,407.

The average rent for an apartment in Orlando increased slower than in Kissimmee ($1,359), where prices went up by 1.9% since last year, and Sanford ($1,248), where rent went up by 4.3%.

Orlando apartment rent report

What it costs to rent in the largest renter hubs in the Orlando area

The city with the largest renter share is Orlando (63%), followed by Altamonte Springs, with 59% renters. In Altamonte Springs, apartment rents increased by 3.7% since last year, reaching $1,272. Kissimmee, with an average rent of $1,359, has the third largest share of renters (57%) and has experienced a rent increase of 1.9% since March 2020. In Sanford, where 50% of the population are renters, the average rent is $1,248, an increase of 4.3% in the past year. Apartments in Casselberry, where 46% of residents are renters, cost $1,238 per month, a decrease of 2% in one year.

The priciest and cheapest cities for renters in the Orlando area

Oviedo is the priciest city for renters in the Orlando area, with apartments renting for $1,768 per month. The average rent for apartments in Maitland is $1,617, the second most expensive, while Longwood ($1,501) comes in third.

For renters in search of budget-friendly apartments, Casselberry's $1,238 average rent is the cheapest in the Orlando area, followed by Sanford's $1,248 rate. Altamonte Springs rentals are the third least pricey on the list, with a $1,272 average apartment rate.

Orlando apartment rents in popular ZIP codes for renters

Among Orlando's most popular renter ZIP codes, 32839 has a $1,268 average rent, below the city average ($1,432). At the same time, rentals in ZIP 32822 go for $1,287, while prices in ZIP 32821 circle around $1,467. Apartment rents in ZIP 32811 clock in at around $1,237, lower than the Orlando average, while rates in ZIP 32835 average at $1,428.

Check out how average rents evolved across the Orlando area

Orlando apartment rent report

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Orlando, FL Demographics

  • Total Population280,832
  • Female 134,785
    Male 146,047
  • Median Age33.8

Average Rent in Orlando, FL

  • Orlando, FL Average Rental Price, March 2021 $1,432 /mo

    Orlando, FL Apartment Rent Ranges

    • $701-$1,00011%
    • $1,001-$1,50055%
    • $1,501-$2,00026%
    • > $2,0007%

    Orlando, FL Rent Trends

    Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021
    Orlando, FL $1,305 $1,338 $1,391 $1,397 $1,405 $1,439 $1,438 $1,432 $1,413 $1,391 $1,432
    National $1,315 $1,346 $1,355 $1,359 $1,356 $1,391 $1,398 $1,400 $1,390 $1,395 $1,407
    /

    Orlando, FL Households

    • Total Number of Households112,137
    • Family 60,969
      Non-family 51,168
    • Children 32,493
      No Children 79,644
    • Average People Per Household2.48
    • Median Household Income$51,757
    • Median Housing Costs Per Month$1,207

    Orlando, FL Education Statistics

    • No High School3%
    • Some High School28%
    • Some College25%
    • Associate Degree10%
    • Bachelor Degree23%
    • Graduate Degree11%