Renters in Brevard County saw apartment listing prices slightly increase from May’s average of $1,437, an analysis of new data from Apartment List shows.
The average apartment listed for rent at $1,444 in June. Average listing prices in Brevard County are trending 0.5% upwards from May’s $1,437 price, down 2% from this time last year.
The data is inclusive of all bedroom sizes, from studios to three-bedroom units, so while it is a good indicator of how rents are moving in the area, it does not include single family homes for rent, said Chris Salviati, senior housing economist for Apartment List.
One-bedroom apartments listed to rent at an average of $1,208, slightly higher than May, when they were $1,202. Since last year, one-bedroom rental prices dropped 1.9% from $1,232.
Two-bedroom apartments listed for rent were slightly higher than May at an average of $1,356, compared to $1,349. Since last year, two-bedroom rental prices dropped 2% from $1,383.
Statewide, Florida rental listing prices are very close to May’s average of $1,541. In Florida, one-bedroom rentals were listed for an average of $1,300, essentially the same as May’s average of $1,301. Two-bedroom rental listing prices are nearly the same as May’s average of $1,538.
In Brevard County, the average apartment listed for rent is 6% below the state average. One-bedroom rentals were 7% below the state average, while two-bedrooms listed 12% below.
Nationwide, apartment rental listing prices are essentially unchanged from last month’s $1,398. One-bedroom rentals across the nation listed for an average of $1,231, nearly the same as last month, while two-bedroom rental listing prices approximately the same as last month’s average of $1,384.
In Brevard County, the average apartment listed for rent is 3% above the national average. One-bedroom apartment rentals listed 2% below the national average, with two-bedroom rentals listed 2% below.
The average apartment rental prices used in this report are gathered from Apartment List, which estimates the median rent using median rent statistics from the Census Bureau’s American Community Survey and a growth rate calculated from their listing data. Read more about their rent estimate methodology here.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Apartment List. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Florida Today: Brevard County apartments for rent saw slight price increases in June