The average size of an apartment in Jacksonville, FL is 1178 square feet, while the average apartment size in Jacksonville, FL is 1110 square feet. Rent in Jacksonville increased by an average of 1.31% in the past year, the smallest increase in Florida, aside from Orlando, where rent increased by 1.10%, according to a new study from Florida Atlantic University. Rent increases have slowed considerably in Northeast Florida, but the price of an apartment is still higher than it should be. Rental prices for all types of rooms and properties in Jacksonville, FL have fallen 1% in the past month and have fallen 9% in the past year. The average rent for all rentals in Jacksonville, FL is 34% lower than the average rent in Atlantic Beach, FL.
Renters are unlikely to benefit from this situation until enough housing is built to meet intense demand and combat low supply. To calculate apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of apartment listings available in a given market and updates this information daily. Rent in all other Florida metropolitan areas is more expensive, and 73 of the 100 cities across the country are worse off than here. Average rental price in Jacksonville, FL for all room counts and property types compared to Atlantic Beach, FL. Until more rental units are built, Weeks said, “there will be chaos in the rental and housing markets, which could take years to resolve.
