Apartment dwellers in downtown Tampa and Hyde Park pay the highest average rents of any in the Tampa Bay area, a new report shows.
That might not be true much longer. Rents in downtown Tampa have dropped 4 percent in the last three months while they have climbed in downtown St. Petersburg and other parts of Pinellas and Hillsborough counties.
Overall, though, Tampa Bay rents are “not out of line by any stretch” compared to the rest of the country, according to Bruce McClenny, president of ApartmentData.com. The Texas-based company tracks rental rates, occupancies and apartment construction in several U.S. metro areas and submarkets.