The average rental price is $1,200 in Orlando, here’s what that gets you
The price of housing has skyrocketed in Orlando, which means the rent has also gone up. According to Rent Cafe, the average rent for an apartment in Orlando right now is $1,228, which is a lot when you consider that 45 percent of our city's population are renters with a median income of only $35k. This gives them a midpoint rent price of $1,000, which means that most Orlando residents spend the majority of their paychecks on housing.
More than half of Orlando is considered "rent burdened," meaning they spend more than 30 percent of their income on household costs.
For many of Orlando's working class, $1200 a month is completely out of the question.
In terms of available affordable housing, things aren't looking good for the City Beautiful. From 2005 to 2015, the number of homes renting for $2,000 or more per month increased by 97 percent, while the number renting for less than $800 declined by 2 percent, according a 2017 report from the Joint Center for Housing Studies.
This is bad.
So, what does the average rental price, which most can't afford, even get you right now? We gathered a few available units to give you a snapshot of what people are currently paying for.
All photos via Zillow.com