x
Breaking News
More () »

Tampa Bay and Sarasota's Leading Local News: Weather, Traffic, Sports and more | Tampa Bay and Sarasota, FL | WTSP.com

1-bedroom apartments in St. Pete see one of the nation's highest price jumps, research says

Only three midwest metro areas beat St. Pete and had a bigger year-over-year percent increase in price jump.
Credit: WNEP

ST. PETERSBURG, Fla. — The heat might not be the only thing making you sweat-- it could also be the price of a one-bedroom apartment. 

A new study from Magnify Money found that the cost of renting a one-bedroom apartment in St. Petersburg went up 15.5-percent year-over-year. That increase landed St. Pete at number four out of the 100 largest US metros for the highest increase in the rental price of a one-bedroom.

Tampa's price for 1-bedroom apartments increased by 4.4 percent year-over-year which landed it at 42 on the list. Orlando's price for 1-bedroom apartments went down by 4.6 percent, which ranked it 85 out of the 100 US metros studied.  

Three midwest metros beat St. Pete and had the biggest year-over-year percent increase in price jump. It was Cleveland, Indianapolis, and Columbus, according to MagnifyMoney research.

The research listed the average price of a one-bedroom apartment in St. Pete at $1,270. It listed Tampa's average one-bedroom price at $1,180 and Orlando's at $1,240.

RELATED: Have $29 million? Derek Jeter's Davis Islands home up for sale

RELATED: Tampa Bay realtors running out of homes to sell

What other people are reading right now:

►Breaking news and weather alerts: Get the free 10 Tampa Bay app

Stay In the Know! Sign up now for the Brightside Blend Newsletter