The explosive cost of rent around the country continued to cool in December, according to a report released Thursday, but one expert says the high prices of the past two years are likely to be “the new normal” for Orlando, Florida.
The median rent in metro Orlando was $2,130 per month in December, up about 2% from November, according to the latest report from Rent.com. The metro area includes prices from Orange, Osceola and Seminole counties.
December’s rent was 3.95% higher than the same time last year, a slower rate of growth than the 4.77% average increase nationally, but Rent researcher Jon Leckie says that’s because Orlando prices have already risen so much.
