Rental Market in Central Florida

[OrlandoBound]

We've only been watching rents for the last two months or so. From what we can tell, the apartment prices have gone up, while homes (both private and managed properties) have remained flat.

We called one apartment complex and were told that since the demand for short-term housing is sky high (versus longer term rental agreements - say a year or more), the rents are rising accordingly. Homes and condos tend to be longer term agreements, some with options to buy.

My guess, and that's all it is, is that condo rental pricing will be similar to detached single-family homes. However, our search has mainly focused on detached single-family houses.

FWIW and YMMV

[annerk]

Originally Posted by voxelized

I'm noticing this with houses, yes. With apartments and condos - no.

I still have not decided on a place - lol... tons of options. I think a house is too much space for me and the utilities will cost $$$ - however I do like the idea of a garage for my hobby projects.

Keep in mind that unless it's a single family home, some "garages" offered in condos and apartments are shared space meant solely for parking vehicles out of the elements. I think you know that so I might be pointing out the obvious to you, but posting for others who might be reading.

[WithDisp]

Apt's are high because financing for anything other than single family homes is NEAR impossible right now.

Banks only finance to apt. or condo complexes to buy that are 50%+ owner occupied. That is VERY few in Orlando.