Tampa Ranked As A Top City For Renters In The Country
Apartment move-in season is right around the corner. Whether it’s young professionals moving into the city or students making plans to head back to campus, many yearly rentals begin in August and September. Based on quality of life, Tampa was recently ranked as one of the best cities for renters in the country.
WalletHub recently published a report that details the best and worst places to rent in the country for 2023. CNBC then analyzed the data. They then arranged the top ten markets for renters based strictly on the overall quality of life category.
“Inflation has significantly impacted rental prices, and 2022 saw the second-highest price growth in decades, a 6.2% year-over-year increase,” WalletHub explains. Nonetheless, 44 million households in the U.S. have still opted to rent rather than own their homes or apartments.
CNBC explained, “To rank the best states for renters based on quality of life, the report considered the following factors: City satisfaction index, job market, driver-friendliness, recreation-friendliness, weather, quality of the public school system, safety, and presence of state bedbug laws.”
Florida
Obviously, there’s warm weather year-round and hundreds of miles of coastline on both the Atlantic Ocean and the Gulf of Mexico in the Sunshine State. As a result, Florida’s quality of life has shined in these 2023 rent reports. On the east coast, Pembroke Pines ranked as the third-best city for renters based on quality of life. Coming in right behind it at number four was Tampa.
Overall, Tampa had a final score 52.65. For reference, Overland Park, KS had the highest score here at 61.77.
The biggest question regarding rent is what is the average monthly rental cost? Rent Cafe detailed this information. They say for a 925 square foot space, the average renters cost in Tampa is currently $1,898, demonstrating why it is one of the best cities for quality of life. Downtown Tampa and Harbour Island have the highest rental costs. In addition, Courier City – Oscawana is listed as the most popular neighborhood.