Report: Rent increases double-digits in Tampa-St. Pete, Sarasota-Bradenton

Rent is up in the Tampa-St. Petersburg metropolitan area by 12.2% from 2023, but the jump remains beneath the national median increase of 12.6%, according to a Friday report by Construction Coverage.

Tampa-St. Pete's increase was moderate compared to other major metro areas too, with Tampa Bay ranking No. 32 on Construction Coverage's list of big cities' rent increases.

Construction Coverage found Tampa Bay's median 2023 rent was $1,863 per month. It is now $2,091 — a 12.2% year-over-year increase, the research publication reported. (The report looked at rents in January versus last year.)