Orlando rents are growing at the fastest pace in the country, and one expert says it could be nearly two years before the region returns to pre-pandemic increases.
“We have an affordability crisis right now,” said Lisa McNatt, director of market analytics for Orlando for CoStar Group, which tracks rental rates. “Orlando used to be a very affordable home market.”
Rent in the second quarter grew by 18.7% year-over-year, the highest percentage growth in the nation, according to CoStar. The average asking rent in Orlando is $1,819, more than $150 above where it was in January.
