Orlando Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Orlando, FL (the Orlando-Kissimmee-Sanford metro area) was $1,303 in 2019 according to the Census ACS survey.1 Average gross rent in Orlando was $1,290 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Orlando median and average rent data will be released in September of 2021.
Data is also available below for Orlando rental vacancy rates, Orlando rent as a percent of median income and the fraction of renters in Orlando.
Real Gross Rent in Orlando Florida (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Florida Median Gross Rent | $1,238 | +2.91% | +8.88% |
| Orlando, FL Median Gross Rent | $1,303 | +5.17% | +11.27% |
Orlando, FL Real Gross Rent Trends
At $1,303, real median gross rent in Orlando was at its highest level in 2019 since the series began in 2005. At $1,290, real average gross rent in Orlando was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Orlando: Orlando FL Median, Orlando FL Average, Florida Median, US Median
Real Gross Rent History for Orlando
| Date | US Median |
Florida Median |
Orlando, FL Median |
Orlando, FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $1,303 | $1,290 |
| 2018 | $1,077 | $1,203 | $1,239 | $1,243 |
| 2017 | $1,043 | $1,163 | $1,187 | $1,206 |
| 2016 | $1,027 | $1,137 | $1,171 | $1,178 |
| 2015 | $1,017 | $1,110 | $1,135 | $1,155 |
| 2014 | $986 | $1,059 | $1,093 | $1,118 |
| 2013 | $953 | $1,024 | $1,044 | $1,072 |
| 2012 | $940 | $1,015 | $1,043 | $1,066 |
| 2011 | $941 | $1,025 | $1,048 | $1,068 |
| 2010 | $955 | $1,058 | $1,091 | $1,112 |
| 2009 | $960 | $1,085 | $1,119 | $1,147 |
| 2007 | $927 | $1,087 | $1,153 | $1,178 |
| 2005 | $910 | $1,011 | $1,053 | $1,070 |
Orlando Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Orlando Florida was 11.65% according to Census ACS data.
Rental Vacancy Rate in Orlando Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Orlando, FL | 11.65% | +3.41% | +3.75% |
Trends in Orlando, FL Rental Vacancy Rate
The rental vacancy rate in Orlando peaked in 2010 at 14.66%. Since then it has fallen by 3.01% to 11.65%. Data records for this series originated in 2005.
Rental Vacancy Rate: Orlando FL, Florida, US
Historical Rental Vacancy Rate data for Orlando
| Date | US | Florida | Orlando, FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 11.65% |
| 2018 | 6.15% | 8.52% | 8.24% |
| 2017 | 6.18% | 9.16% | 9.24% |
| 2016 | 5.89% | 8.30% | 7.90% |
| 2015 | 5.85% | 7.79% | 8.19% |
| 2014 | 6.32% | 8.66% | 8.55% |
| 2013 | 6.49% | 9.22% | 10.86% |
| 2012 | 6.77% | 9.37% | 8.97% |
| 2011 | 7.40% | 10.91% | 11.74% |
| 2010 | 8.17% | 12.17% | 14.66% |
| 2009 | 8.43% | 13.16% | 12.91% |
| 2007 | 7.87% | 11.55% | 11.46% |
| 2005 | 7.74% | 7.72% | 6.25% |
Rent as a Fraction of Income
Using median household income data for Orlando, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Orlando, median monthly gross rent as a fraction of median household income was 25.27% in 2019 according to the ACS.
Orlando Florida Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Florida | 25.08% | -0.49% | -0.54% |
| Orlando, FL | 25.27% | +0.35% | -0.34% |
Trends in Orlando, FL Rent as a Fraction of Income
The fraction of median Orlando household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 25.73%. Since then it has fallen by 0.46% to 25.27%.
Fraction of Income towards Rent: Orlando FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Orlando Florida
| Date | US | Florida | Orlando, FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 25.27% |
| 2018 | 20.50% | 25.57% | 24.92% |
| 2017 | 20.13% | 25.74% | 25.07% |
| 2016 | 20.43% | 25.62% | 25.61% |
| 2015 | 20.63% | 25.40% | 25.14% |
| 2014 | 20.89% | 25.36% | 25.73% |
| 2013 | 20.78% | 25.34% | 25.32% |
| 2012 | 20.65% | 25.42% | 25.55% |
| 2011 | 20.70% | 25.71% | 25.24% |
| 2010 | 20.50% | 25.59% | 25.20% |
| 2009 | 20.12% | 25.54% | 25.10% |
| 2007 | 18.66% | 23.22% | 23.13% |
| 2005 | 18.89% | 22.88% | 22.68% |
Renter Fraction in Orlando Florida
You can calculate the renter fraction in Orlando in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Orlando as a fraction of total Orlando households. In 2019 38.09% of households were renters according to Census ACS data.
Orlando Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Florida | 33.75% | -0.33% | -2.12% |
| Orlando, FL | 38.09% | -0.87% | -2.59% |
Trends in the Orlando, FL Renter Fraction
The Orlando household renter fraction peaked in in 2016 at 40.68% and is now 2.59% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Orlando FL, Florida, US
History of Orlando Renter Fraction
| Date | US | Florida | Orlando, FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 38.09% |
| 2018 | 36.05% | 34.08% | 38.96% |
| 2017 | 36.13% | 34.85% | 39.55% |
| 2016 | 36.88% | 35.87% | 40.68% |
| 2015 | 36.97% | 36.22% | 40.40% |
| 2014 | 36.90% | 35.95% | 40.27% |
| 2013 | 36.50% | 35.21% | 39.27% |
| 2012 | 36.09% | 34.36% | 38.61% |
| 2011 | 35.42% | 33.28% | 37.40% |
| 2010 | 34.65% | 31.85% | 35.00% |
| 2009 | 34.13% | 31.52% | 33.87% |
| 2007 | 32.80% | 29.39% | 32.79% |
| 2005 | 33.10% | 30.43% | 34.58% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
