St. Petersburg renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

St. Petersburg, FL map of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in St. Petersburg is about $1,395 per month. This puts it in the 65th percentile compared to the state average cost of rent, which is $1,532. Households in St. Petersburg have a median income of $5,016 per month so the average renter in St. Petersburg is spending roughly 28% of their earnings on housing.

Nationally, and in St. Petersburg, home values are the data point most closely correlated with the cost of rent. The median price of a home in St. Petersburg is $314,077 right now, which is lower than cities nearby, meaning that rents in St. Petersburg also tend to be lower versus these nearby cities.

Higher rent prices are common in the southwestern parts of St. Petersburg while lower rent rates are often available in central areas.

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