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Downtown St Pete Condo Rentals Getting Harder to Find

Downtown St Petersburg skyline

Downtown St Petersburg skyline

Downtown St Pete condo rentals are getting harder to find. There are only 14 condos currently listed for rent in downtown St Pete and 2 of those are in “Over 55 ” buildings. There are no 3 bedroom condo rentals listed. This inventory is nearly half of what was available earlier this year – at the end of  February there were 27 condos listed for rent.

Rentals condos are offered from $700/month (for 690 sq ft) to $3,900/month (for 2,203 sq ft).  Condos rented during July 2011 averaged 96% of list price – but 46% of the condos went at or over the listed price (31% at listed price, 15% over listed price).

There are a lot of people who would like to rent for a few months, but nearly all of the condos downtown have a minimum rental period of 1 year or a maximum of 1 rental per year. The beach areas have lots of seasonal and short term rentals.

All of these comments are based on rentals listed in the Multiple Listing System.  There are additional condo units that are listed in various online sites and offered directly by the owners.

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