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Downtown St Petersburg Condo Rentals Market Update 8-1-2012

Downtown St Pete from Ovation

Downtown St Petersburg condo rentals are still in scarce supply.  There are 40% more than a month ago, but since that’s only an increase from 6 to 10, that isn’t much choice available. The ten condos listed for rent in the MLS range from $1,100 per month to $4,700 per month.  The $1,100/month condo is a 2 bedroom 1 bath unit at The  Beacon with 997 sq ft. The $4,700/month condo is a 3 bedroom 3½ bath unit at 400 Beach with 3,072 sq ft.  The average rent is $2,656/month.

Only 1 of the 10 condo units offered for rent will allow a pet. In many cases, this is a condo rule; in other cases, it’s the owner’s preference.

During July, 8 condo units were leased, ranging from $1,000/month at The Beacon to $4,000/month at 400 Beach.

Here’s what’s available on August 1, 2012:

400 Beach: $4,700/mo
The Beacon: $1,100/month
Flori  de Leon: $2,200/month
Huntington Townhomes: $2,200-$2,500/month
The Madison: $2,500/month
Signature Place: $2,850-$3,200/month

Please keep in mind that many condo rentals are not listed with real estate brokers. A wider selection may be available online. For assistance with any of the listed rental units downtown, contact The Simms Team at ALVA International, Inc. on Beach Drive.

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