Question 1

What kinds of apartments are available to rent in Orlando, FL?

Accepted Answer

Orlando's rental market offers a very strong selection of listings, with an average of 3,991 available per month. The majority of these listings are 2-bedroom apartments, making up 33% of the market, followed closely by 1-bedroom and 3-bedroom apartments at 26% each. Studios are relatively scarce, accounting for only 4% of the market. Many Orlando apartments offer desirable amenities, with in-unit laundry being a standout feature, available in nearly all listings. Swimming pools are also extremely common, found in over 99% of apartments. Additionally, air conditioning is a standard feature, available in virtually all listings. These figures are based on historical data, but they should give you a sense of what to expect in the current market.

Question 2

How much does it cost to rent in Orlando, FL and when is it cheapest?

Accepted Answer

Orlando's average rent prices have decreased by about 2.6% to $1,981 per month, on average, for all rental sizes and types. The average cost of a 1-bedroom decreased by 5.5% to $1,575 per month, while 2-bedrooms dropped by 6.1% to $1,882 per month. Studios decreased by 3.2% to $1,649 per month. In contrast, 3-bedrooms saw a slight increase of 0.3% to $2,391 per month. Prices in Orlando vary depending on the time of year. April is the month with the highest rent, with prices increasing by about 5.4% compared to October, the month with the lowest rent. April is also the most competitive month, with more demand compared to available inventory. October, on the other hand, is the least competitive month, with less overall demand compared to available inventory, making it a potentially good time to find a deal.

Question 3

What are the best neighborhoods for renters in Orlando, FL?

Accepted Answer

Orlando's most sought-after neighborhoods offer a unique blend of lifestyle amenities and rental options. For those prioritizing pet friendliness, Central Business District, Thornton Park, Princeton - Silverstar, and Lake Dot are top choices, featuring pet grooming services, pet supply stores, and dog parks. If social living is your preference, the Central Business District, South Eola, Lake Dot, and Lake Eola Heights are ideal, with an abundance of restaurants, high walk scores, and reliable transit options. Those seeking to live in Orlando's most popular areas should consider Signal Hill, Dover Manor, and Rosemont, which offer a range of lifestyle amenities and attract a high volume of interest from potential renters. With their desirable combination of pet friendliness, social amenities, and rental options, these neighborhoods are in high demand among Orlando's renters.

Question 4

What are the most affordable neighborhoods in Orlando, FL?

Accepted Answer

Budget-conscious renters may want to explore neighborhoods like Signal Hill, Dover Manor, and Rosemont, which offer 1-bedroom rentals for $2300 per month. While these areas account for a small percentage of Orlando's market, they generate significant consumer interest, with Dover Manor attracting nearly 7 times more interest than the market average.

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