Sarasota, FL Rental Market Trends

Highlights

The average rent for an apartment in Sarasota is $1,375, a 5% increase compared to the previous year, when the average rent was $1,307.

Studio apartments in Sarasota rent for $792 a month, while 1-bedroom apartments ask on average $1,234 a month; the average rent for a 2-bedroom apartment is $1,468.

Average Rent in Sarasota, FL

Last updated Aug 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $1,375 $792 $1,234 $1,468 $1,737
Y-o-Y Change 5% 19% 5% 5% 8%
Average Apartment Size 904 sq. ft. 379 sq. ft. 724 sq. ft. 1,024 sq. ft. 1,285 sq. ft.

The average size for a Sarasota apartment is 904 square feet, but this number varies greatly depending on apartment type. A studio averages 379 sq. ft., while a one-bedroom apartment offers a more generous square footage: 724. 2-bedroom apartments in Sarasota have an average size of 1,024 sq. ft.

Sarasota, FL Apartment Rent Ranges

  • $701-$1,00021%
  • $1,001-$1,50065%
  • $1,501-$2,0009%
  • > $2,0005%

Sarasota, FL Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Aug / 2018 $1,375 $792 $1,234 $1,468 $1,737
Jan / 2018 $1,376 $792 $1,235 $1,469 $1,737
Sept / 2017 $1,302 $721 $1,163 $1,381 $1,703
May / 2017 $1,307 $665 $1,179 $1,397 $1,614
Jan / 2017 $1,258 $654 $1,145 $1,330 $1,584
Sept / 2016 $1,246 $650 $1,132 $1,318 $1,570
May / 2016 $1,246 $689 $1,106 $1,292 $1,611
Jan / 2016 $1,225 $651 $1,066 $1,290 $1,569
Sept / 2015 $1,163 $601 $1,025 $1,223 $1,451
May / 2015 $1,135 $589 $1,005 $1,181 $1,469
/

Average Rent in Sarasota, FL By Neighborhood

Burns Square
$2,245
Central Park - Avondale
$2,245
Five Points
$2,245
Gillespie Park
$2,245
Golden Gate Point
$2,245
Laurel Park
$2,245
Lido Key
$2,245
Lido Shores
$2,245
Rosemary District
$2,245
St. Armands Key
$2,245
Tahiti Park
$2,245
Bay Point Park
$2,056
Hudson Bayou
$2,056
Central Cocoanut
$1,732
17th Street
$1,453
Del Sol Village
$1,264
Desoto Pines
$1,264
Longwood Villas
$1,264
Riviera Club Village
$1,264
Uplands
$1,264
Homecroft
$1,243
Bayou Oaks
$1,172
Cedar Creek
$1,172
Sapphire Shores
$1,172
Tri-Par Estates
$1,172
Alta Vista
$1,131
Bellevue Terrace
$1,131
Gardens of Ringling Park
$1,131
Jordan's Crossing - Lake Ridge
$1,131
Oak Shores
$1,131
Oakwood Manor
$1,131
Park East
$1,131
Poinsettia Park
$1,131
Ramblewood
$1,131
Amaryllis Park
$876
Beverly Terrace
$876
Booker Park
$876
Corwood
$876
DeSoto Terrace
$876
Green Manor Estates
$876
Leisure Lakes
$876
Lenray Heights
$876
Lockwood Meadows
$876
Lorraine Park
$876
Newtown Estates
$876
North Gate Center
$876
Palmyra
$876
Sarasota Bay Park
$876
Spring Oaks
$876
Sylvan Shores
$876
/
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The most affordable neighborhoods in Sarasota are Amaryllis Park, where the average rent goes for $876/month, Beverly Terrace, where renters pay $876/mo on average, and Booker Park, where the average rent goes for $876/mo. If you’re looking for other great deals, check out the listings from Corwood ($876), DeSoto Terrace ($876), and Green Manor Estates ($876), where the asking prices are below the average Sarasota rent of $1,375/mo.

The most expensive neighborhoods in Sarasota are Rosemary District ($2,245), St. Armands Key ($2,245) and Tahiti Park ($2,245).

Sarasota | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in 17th Street is 28% higher than in Alta Vista

$1,453

17th Street rent is 6% higher than Sarasota average

All rentals $1,453
Studio $894
1 Bed $1,251
2 Beds $1,565
3 Beds $2,192
$1,131

Alta Vista rent is 18% lower than Sarasota average

All rentals $1,131
Studio $890
1 Bed $1,011
2 Beds $1,174
3 Beds $1,360

How Does Sarasota Compare to Nearby Cities

Average Rent Y-o-Y Change
Jacksonville $1,005 5%
Miami $1,641 2%
West Palm Beach $1,405 6%
Fort Lauderdale $1,677 6%
Cape Coral $1,121 22%
Lake Worth $1,330 2%
Fort Myers $1,208 3%
Boca Raton $1,960 2%
North Port $1,162 2%
Sarasota $1,375 5%

For more information about the Sarasota rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Sarasota apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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