Sarasota, FL Rental Market Trends

Highlights

The average rent for an apartment in Sarasota is $1,302, a 5% increase compared to the previous year, when the average rent was $1,246.

Studio apartments in Sarasota rent for $721 a month, while 1-bedroom apartments ask on average $1,163 a month; the average rent for a 2-bedroom apartment is $1,381.

Average Rent in Sarasota, FL

Last updated Apr 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $1,302 $721 $1,163 $1,381 $1,703
Y-o-Y Change 5% 11% 3% 5% 8%
Average Apartment Size 919 sq. ft. 322 sq. ft. 745 sq. ft. 1,021 sq. ft. 1,299 sq. ft.

The average size for a Sarasota apartment is 919 square feet, but this number varies greatly depending on apartment type. A studio averages 322 sq. ft., while a one-bedroom apartment offers a more generous square footage: 745. 2-bedroom apartments in Sarasota have an average size of 1,021 sq. ft.

Sarasota, FL Apartment Rent Ranges

  • $501-$7003%
  • $701-$1,00019%
  • $1,001-$1,50061%
  • $1,501-$2,00011%
  • > $2,0006%

Sarasota, FL Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Apr / 2018 $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
Jan / 2015 $1,110 $569 $983 $1,164 $1,407
/

Average Rent in Sarasota, FL By Neighborhood

Central Cocoanut
$1,592
17th Street
$1,335
Del Sol Village
$1,233
Desoto Pines
$1,233
Longwood Villas
$1,233
Riviera Club Village
$1,233
Uplands
$1,233
Homecroft
$1,216
Bayou Oaks
$1,146
Cedar Creek
$1,146
Sapphire Shores
$1,146
Tri-Par Estates
$1,146
Alta Vista
$1,116
Bellevue Terrace
$1,116
Gardens of Ringling Park
$1,116
Jordan's Crossing - Lake Ridge
$1,116
Oak Shores
$1,116
Oakwood Manor
$1,116
Park East
$1,116
Poinsettia Park
$1,116
Ramblewood
$1,116
Amaryllis Park
$870
Beverly Terrace
$870
Booker Park
$870
Corwood
$870
DeSoto Terrace
$870
Green Manor Estates
$870
Leisure Lakes
$870
Lenray Heights
$870
Lockwood Meadows
$870
Lorraine Park
$870
Newtown Estates
$870
North Gate Center
$870
Palmyra
$870
Sarasota Bay Park
$870
Spring Oaks
$870
Sylvan Shores
$870
/
/

The most affordable neighborhoods in Sarasota are Amaryllis Park, where the average rent goes for $870/month, Beverly Terrace, where renters pay $870/mo on average, and Booker Park, where the average rent goes for $870/mo. If you’re looking for other great deals, check out the listings from Corwood ($870), DeSoto Terrace ($870), and Green Manor Estates ($870), where the asking prices are below the average Sarasota rent of $1,302/mo.

The most expensive neighborhoods in Sarasota are Uplands ($1,233), 17th Street ($1,335) and Central Cocoanut ($1,592).

Sarasota | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in 17th Street is 20% higher than in Alta Vista

$1,335

17th Street rent is 2% higher than Sarasota average

All rentals $1,335
Studio $701
1 Bed $1,159
2 Beds $1,413
3 Beds $2,123
$1,116

Alta Vista rent is 14% lower than Sarasota average

All rentals $1,116
Studio $700
1 Bed $973
2 Beds $1,172
3 Beds $1,382

How Does Sarasota Compare to Nearby Cities

Average Rent Y-o-Y Change
Jacksonville $994 5%
West Palm Beach $1,365 5%
Miami $1,632 2%
Fort Lauderdale $1,642 7%
Cape Coral $1,111 21%
Lake Worth $1,333 4%
Boca Raton $1,891 1%
Fort Myers $1,181 2%
North Port $1,186 9%
Sarasota $1,302 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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