Report: 11 prospective renters compete for each vacant unit in Tampa

There's a cooling down of the U.S. rental markets, but Gulf Coast remains hot.

By Jim Stinson
| 3:45 p.m. December 19, 2023
| 0 Free Articles Remaining!

Tampa's residential rental market cooled a bit in 2023, but it remained in the nation's Top 25.

Tampa Bay-Lakeland

There's some good news for Tampa renters, as well as U.S. renters.

Recent apartment rental statistics show a more stable, competitive market for Tampa rentals in 2023 compared to 2022, owing much to recently completed apartment units, according to a report from RentCafe. The nation also saw a cooling off as new units come on the market, meeting demand.

The RentCafe study found that builders rushed to meet the needs from 2022 to 2023, as newly constructed apartments increased by 3% in Tampa, versus 2.2% in 2022.