SARASOTA-MANATEE – Rent prices…. actually decrease in the Sarasota-Manatee region.
They’re still higher than a year ago, but the once dizzying increases have abated for now. Rents decreased across the North Port-Sarasota-Manatee metro area in August by 1.3% percent. In the city of Sarasota, rent declined a full 2%, though it’s up nearly 6% since last year.
Florida’s property insurance and housing market have been in crisis in recent years with more insurance companies leaving the state, and rent has followed suit, spiking nearly 44% since the pandemic began.
In the area, the median unit rented for $1,899 in August, with a one-bedroom median at $1,524, according to the Herald Tribune.
The rest of Florida’s rental markets are not cooling off at the same rate.