Apartments for Rent in Terrace Park, Tampa, FL

Terrace Park, Tampa apartment availability

Terrace Park's rental market offers a good selection of listings, with an average of about 51 rentals available each month. The neighborhood's inventory is relatively balanced, with a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as a few studios. Many of these apartments offer desirable amenities, including outdoorspace, which is available in nearly 60% of listings. Additionally, pet owners will find that many buildings in the area are pet-friendly, with some allowing small pets and others having restrictions. Overall, Terrace Park's varied inventory and amenities make it a great option for renters with different needs and preferences.

Terrace Park, Tampa rental market trends

Terrace Park in Tampa saw a notable increase in rent prices last year, with an average monthly rent of $1,572 across all bed counts and property types, representing a 5.8% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $1,245 per month, with a slight decrease of 0.3% from the previous year. In contrast, 2-bedrooms and 3-bedrooms experienced significant growth, with average rents of $1,597 and $2,130, respectively, and year-over-year increases of 6.7% and 11%, respectively. Studio apartments averaged $1,156 per month, with a 0.9% decrease from the previous year.

The summer months tend to see the highest demand and prices in Terrace Park, with August typically being the most expensive month, boasting a 16.5% increase in rent compared to February, the month with the lowest rent. If you're looking for a new apartment, be prepared for more competition during the peak season. Conversely, if you're searching during the off-season, you may find more affordable options, with February offering the lowest rent prices.

Why Terrace Park, Tampa is a great place to live

Terrace Park is a top choice for renters who prioritize social living and pet friendliness. According to data, the neighborhood offers a range of pet-friendly features, including pet waste stations, ample outdoor space, and pet-safe windows. Additionally, the area has a pet hospital and hosts pet events, making it an ideal location for pet owners. The neighborhood's social scene is also thriving, thanks to its dense population, safe streets, and well-maintained infrastructure. With frequent transit options and shared community spaces, residents can easily connect with friends and neighbors, making Terrace Park a great fit for those who value community and convenience.