Verdad CRE

Multifamily Neighborhood Ledger
October 2026

Hyde Park and Davis Islands

Tampa, Florida  ·  Multifamily rents through October 12, 2026

$1,765
Studio median asking
$3.75/SF on 25 listings
$1,892
1 Bedroom median asking
$3.07/SF on 111 listings
$2,486
2 Bedroom median asking
$2.60/SF on 56 listings
$3,950
3+ Bedroom median asking
$2.72/SF on 10 listings
32
Median days from listing to lease
276 leases in 180 days
2.2%
Listings with a concession
of 452 tracked

The Neighborhood

Hillsborough County

1 bedroom asking rents in Hyde Park and Davis Islands hold at $1,892 on 111 listings

452
Listings Tracked
last 180 days
114
Properties
with a listing in the window
202
Units Advertised
in the last 45 days
276
Leases Observed
last 180 days
Hyde Park and Davis Islands

Hyde Park and Davis Islands
Historic Hyde Park, SoHo, North Hyde Park and Davis Islands along Bayshore Boulevard.

On the market in the last 45 days: studios at a $1,765 median on 25 listings ($3.75 per square foot), 1 bedrooms at $1,892 on 111 listings ($3.07), 2 bedrooms at $2,486 on 56 listings ($2.60) and 3+ bedrooms at $3,950 on 10 listings ($2.72). The 1 bedroom is the deepest segment by a wide margin, with 250 listings tracked and 152 leases observed over 180 days.

Against the Tampa citywide median asking rent, the neighborhood runs +20.1% on studios, +26.1% on 1 bedrooms, +38.2% on 2 bedrooms and +145.2% on 3+ bedrooms. The premium is widest on the larger units, where the 3+ bedroom pool is made up of houses and large flats rather than apartment floor plans.

Units that leased in the last 180 days took a median of 32 days from listing to lease, and 43.5% of the 276 leases were completed within 30 days. Concessions were advertised on 10 of 452 tracked listings (2.2%), half of them on studios.

Asking Rents by Unit Type

Listings seen in the last 45 days

Unit Type Listings Median Asking Average 25th to 75th Pct Avg $/SF Avg SF Tampa Median vs City
Studio 25 $1,765 $1,747 $1,645 to $1,830 $3.75 502 $1,469 ▲ +20.1%
1 Bedroom 111 $1,892 $1,978 $1,695 to $2,188 $3.07 670 $1,500 ▲ +26.1%
2 Bedroom 56 $2,486 $2,497 $1,999 to $2,700 $2.60 970 $1,799 ▲ +38.2%
3+ Bedroom 10 $3,950 $4,534 $3,761 to $4,950 $2.72 1,723 $1,611 ▲ +145.2%

Studio: the middle range runs $1,645 to $1,830 (25th to 75th percentile); the median estimated leased rent was $1,585 on 35 leases, 10.2% under the current asking median.

1 Bedroom: the middle range runs $1,695 to $2,188; the median estimated leased rent was $1,800 on 152 leases, 4.9% under the current asking median.

2 Bedroom: the middle range runs $1,999 to $2,700; the median estimated leased rent was $2,130 on 79 leases, 14.3% under the current asking median.

3+ Bedroom: the middle range runs $3,761 to $4,950; the median estimated leased rent was $4,448 on 10 leases, 12.6% above the current asking median, on a median of 112 days from listing to lease.

Comparable Listings

Most recent listing per property, up to 10 per unit type

Studio Comps

Property Unit SF Asking $/SF Days on Market Status Concession
The Hyde Park Collection

511 S Westland Ave, Tampa, FL 33606
n/a $1,600 n/a 52 Active $200 Off
Beach Flats, Hyde Park, Tampa

210 W Hyde Park Pl, Tampa, FL 33606
329 $1,299 $3.95 23 Active
Altis Grand Central

504 W Grand Central Ave, Tampa, FL 33606
n/a $2,212 n/a 52 Active
609 S Willow Ave #B

609 S Willow Ave, Tampa, FL 33606
378 $2,125 $5.62 9 Active
Arabelle Riverwalk

202 S Parker St, Tampa, FL 33606
n/a $1,962 n/a 52 Active Special offer
Innovo Living Hyde Park

611 S Magnolia Ave, Tampa, FL 33606
n/a $1,830 n/a 52 Active 2 Months Free
Soho Square

927 S Howard Ave, Tampa, FL 33606
n/a $1,690 n/a 52 Active
The Georgian

2104 W Hills Ave, Tampa, FL 33606
n/a $1,650 n/a 52 Active
The Mirasol Apartments

84 Davis Blvd, Tampa, FL 33606
n/a $1,645 n/a 52 Active Special offer
NuMi Living Tampa

830 W Kennedy Blvd, Tampa, FL 33606
n/a $1,549 n/a 52 Active Special offer

1 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
215 S Cedar Ave, Tampa, FL 33606

215 S Cedar Ave, Tampa, FL 33606
913 $2,600 $2.85 23 Active
The Mirasol Apartments

84 Davis Blvd, Tampa, FL 33606
n/a $1,995 n/a 1 Active
NoHo Flats I and II

401 N Rome Ave, Tampa, FL 33606
n/a $1,938 n/a 52 Active Special offer
2411 West Horatio Street Unit 532

2411 West Horatio Street Unit 532, Tampa, FL 33609
532 789 $1,700 $2.15 23 Active
Amber Oaks Apartments

155 E Davis Blvd, Tampa, FL 33606
600 $1,695 $2.83 14 Leased est. 2026-09-05
211 Danube

211 Danube Ave, Tampa, FL 33606
650 $1,600 $2.46 52 Active
Gasparilla Arms

517 Columbia Dr, Tampa, FL 33606
550 $1,595 $2.90 52 Active
111 S Newport Ave

111 South Newport Avenue, Tampa, FL 33606
650 $1,200 $1.85 23 Active
Dekle by Innovo Living Hyde Park

2001 W Dekle Ave, Tampa, FL 33606
n/a $2,175 n/a 52 Active
2320 W Azeele St #321

2320 W Azeele St, Tampa, FL 33609
789 $1,950 $2.47 16 Active

2 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
406 W Cedar Ave #403, Tampa, FL 33606

406 W Cedar Ave #403, Tampa, FL 33606
403 912 $3,000 $3.29 23 Active
501 S Moody Ave, Tampa, FL

501 S Moody Ave, Tampa, FL
n/a $2,650 n/a 15 Active
144 E Davis Blvd #4, Tampa, FL 33606

144 E Davis Blvd #4, Tampa, FL 33606
4 1,050 $2,595 $2.47 23 Active
501 S Moody Ave #1138

501 S Moody Ave, Tampa, FL 33609
1,206 $2,650 $2.20 16 Active
140,142 & 144 E Davis

140-144 E Davis Blvd, Tampa, FL 33606
1,050 $2,595 $2.47 52 Active
Soho Apartments

807 S Howard Ave, Tampa, FL 33606
875 $1,999 $2.28 52 Active 2 Months Free
216 S Cedar Ave, Tampa, FL

216 S Cedar Ave, Tampa, FL
5 n/a $1,795 n/a 23 Active
1911 W Fig St #A

1911 W Fig St, Tampa, FL 33606
700 $1,700 $2.43 9 Active
101 W Beach Pl #317

101 W Beach Pl #317, Tampa, FL 33606
1,027 $3,426 $3.34 4 Leased est. 2026-10-01
411 S Willow Ave

411 S Willow Ave, Tampa, FL 33606
1,412 $2,700 $1.91 3 Leased est. 2026-10-01

3+ Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
1001 S Rome Ave UNIT 3, Tampa, FL 33606

1001 S Rome Ave UNIT 3, Tampa, FL 33606
3 2,374 $6,300 $2.65 23 Active
Residential Lease, TAMPA, FL

610 S Rome Ave #102, Tampa, FL 33606
102 1,760 $5,000 $2.84 3 Leased est. 2026-10-01
307 W DAVIS BOULEVARD

307 West Davis Boulevard, Tampa, FL 33606
1,759 $7,500 $4.26 45 Active
919 S ROME AVENUE

919 South Rome Avenue, Tampa, FL 33606
1,724 $4,800 $2.78 45 Active
425 S OREGON AVENUE

425 South Oregon Avenue, Tampa, FL 33606
1,528 $4,000 $2.62 45 Active
478 SEVERN AVENUE

478 Severn Avenue, Tampa, FL 33606
1,911 $3,900 $2.04 45 Active
502 S WILLOW AVENUE

502 South Willow Avenue, Tampa, FL 33606
6 1,268 $3,750 $2.96 242 Active
2103 W DE LEON STREET

2103 West De Leon Street, Tampa, FL 33606
n/a $3,295 n/a 45 Active
2007 W De Leon St

2007 West De Leon Street, Tampa, FL 33606
A 1,504 $3,795 $2.52 690 Active
2009 West Dekle Avenue, Tampa, FL 33606

2009 West Dekle Avenue, Tampa, FL 33606
4 800 $2,750 $3.44 190 Leased est. 2026-08-07

Pricing Benchmarks

Studio

Median asking, last 45 days$1,765
Median estimated leased rent, last 180 days$1,585
Leased vs asking-10.2%
Pricing floor / ceiling (25th / 75th percentile)$1,645 / $1,830
Average $/SF · average SF$3.75 · 502
Median days from listing to lease33

1 Bedroom

Median asking, last 45 days$1,892
Median estimated leased rent, last 180 days$1,800
Leased vs asking-4.9%
Pricing floor / ceiling (25th / 75th percentile)$1,695 / $2,188
Average $/SF · average SF$3.07 · 670
Median days from listing to lease31

2 Bedroom

Median asking, last 45 days$2,486
Median estimated leased rent, last 180 days$2,130
Leased vs asking-14.3%
Pricing floor / ceiling (25th / 75th percentile)$1,999 / $2,700
Average $/SF · average SF$2.60 · 970
Median days from listing to lease32

3+ Bedroom

Median asking, last 45 days$3,950
Median estimated leased rent, last 180 days$4,448
Leased vs asking+12.6%
Pricing floor / ceiling (25th / 75th percentile)$3,761 / $4,950
Average $/SF · average SF$2.72 · 1,723
Median days from listing to lease112
Median Asking Rent Studio 1 Bedroom 2 Bedroom 3+ Bedroom
Trailing 30 Days $1,648

▼ -7.8%
$1,695

▼ -11.9%
$2,623

▲ +13.0%
n/a

n/a
Trailing 60 Days $1,765

▲ +2.3%
$1,892

▼ -5.4%
$2,486

▬ -0.6%
$3,950

▼ -15.9%
Trailing 90 Days $1,755

▲ +7.0%
$1,895

▬ -0.8%
$2,500

▲ +17.1%
$3,900

n/a
Estimated Leased Rent, Last 90 Days $1,399

▼ -21.6% vs $1,785 a year ago
$1,800

▼ -2.7% vs $1,850 a year ago
$2,600

▲ +13.6% vs $2,290 a year ago
$4,448

n/a vs n/a a year ago

Leasing Velocity

Leases observed in the last 180 days

32
Median Days to Lease
all unit types, 276 leases
43.5%
Leased Within 30 Days
120 units
58.7%
Leased Within 60 Days
162 units
66.7%
Leased Within 90 Days
184 units

Units that leased in the last 180 days took a median of 32 days from listing to lease: 33 days for studios, 31 for 1 bedrooms, 32 for 2 bedrooms and 112 for 3+ bedrooms.

Of the 276 leases observed, 43.5% were completed within 30 days, 58.7% within 60 days and 66.7% within 90 days. Only 2 of the 10 3+ bedroom leases closed inside 90 days.

Price cuts were taken on 7 of 56 studio listings (12.5%), against 5 of 250 1 bedroom listings (2.0%) and 3 of 127 2 bedroom listings (2.4%).

Median Estimated Leased Rent by Month

$1,000$1,500$2,000$2,500$3,000Oct 25Nov 25Dec 25Jan 26Feb 26Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26$1,262$1,725$2,160Studio1 Bedroom2 Bedroom

Leases Observed by Month

010203040Oct 25Nov 25Dec 25Jan 26Feb 26Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26Studio1 Bedroom2 Bedroom3+ Bedroom

Month Leased Studio 1 Bedroom 2 Bedroom
Oct 2025 n/a

2 leases
$1,745

16 leases
n/a

4 leases
Nov 2025 n/a

1 lease
$1,685

7 leases
$2,185

6 leases
Dec 2025 n/a

3 leases
$1,850

13 leases
$2,323

7 leases
Jan 2026 n/a

2 leases
$1,775

16 leases
$2,586

9 leases
Feb 2026 n/a

3 leases
$1,799

21 leases
$2,365

10 leases
Mar 2026 n/a

3 leases
$1,799

17 leases
$2,312

6 leases
Apr 2026 $1,773

6 leases
$1,795

29 leases
$2,071

14 leases
May 2026 $1,610

12 leases
$1,825

32 leases
$2,000

15 leases
Jun 2026 n/a

2 leases
$1,950

15 leases
$2,124

10 leases
Jul 2026 $1,782

6 leases
$2,185

40 leases
$2,600

21 leases
Aug 2026 $1,262

8 leases
$1,790

30 leases
$2,290

14 leases
Sep 2026 n/a

3 leases
$1,725

14 leases
$2,160

7 leases
Oct 2026 n/a

1 lease
n/a

1 lease
n/a

2 leases

Concessions Advertised

Property Unit Type Asking Offer Monthly Value Est.
NoHo Flats I and II 1 Bedroom $1,938 Special offer $147
The Hyde Park Collection Studio $1,600 $200 Off $17
Arabelle Riverwalk Studio $1,962 Special offer n/a
The Mirasol Apartments Studio $1,645 Special offer n/a
NuMi Living Tampa Studio $1,549 Special offer n/a
Havana Square Apartments 1 Bedroom $1,820 Special offer $83
Innovo Living Hyde Park Studio $1,830 2 Months Free $305
Soho Apartments 2 Bedroom $1,999 2 Months Free $333

Properties With the Most Activity

Ranked by listings tracked in the last 180 days

Property Units Year Built Listings Active Now Avg Asking Range Avg $/SF Median Days to Lease
Soho Square

927 S Howard Ave, Tampa, FL 33606
16 1920 38 14 $1,998 $1,640 to $2,750 $2.75 12
Innovo Living Hyde Park

611 S Magnolia Ave, Tampa, FL 33606
n/a n/a 30 11 $2,289 $1,585 to $3,250 $3.27 146
800 S DAKOTA Avenue

800 South Dakota Avenue, Tampa, FL 33606
n/a 1996 22 12 $3,057 $2,245 to $5,400 $3.67 97
The Mirasol Apartments

84 Davis Blvd, Tampa, FL 33606
59 1925 22 12 $2,170 $1,635 to $3,290 $4.07 107
Beach Flats

211 West Beach Place, Tampa, FL 33606
6 1900 19 1 $1,537 $1,174 to $2,139 $2.75 23
Casablanca

407 S Melville Ave, Tampa, FL 33606
12 1924 18 2 $2,316 $1,599 to $3,000 $3.24 86
1000 W HORATIO Street

1000 West Horatio Street, Tampa, FL 33606
n/a n/a 16 7 $2,248 $1,775 to $3,200 $3.24 59
2109 BAYSHORE BOULEVARD

2109 Bayshore Boulevard, Tampa, FL 33606
n/a 1924 15 8 $2,248 $1,700 to $3,700 $4.03 37
140 E Davis Blvd

140 E Davis Blvd, Tampa, FL 33606
10 1959 12 2 $2,377 $1,725 to $3,295 $2.97 234
Soho Apartments

807 S Howard Ave, Tampa, FL 33606
28 1968 10 4 $1,999 $1,999 to $1,999 $2.28 46

Investment Read

The 2 bedroom is where current asking rents have run ahead of what has been leasing. The median ask is $2,486, the median on units that leased in the last 180 days is $2,130, and listings posted in the last 30 days came on at a $2,623 median, 13.0% above the prior 30 days. Leased medians by month tell the other side: $2,600 in July on 21 leases, $2,290 in August and $2,160 in September. A 2 bedroom priced above the $2,700 ceiling of the middle range is competing with 56 active listings for the same renter, and the largest floor plans (1,200 square feet and up) are already averaging $2,969 at $2.15 per square foot.

The 1 bedroom is the most settled segment. The leased median of $1,800 sits 4.9% under the $1,892 ask, the median time to lease is 31 days, and owners who listed in the last 30 days priced at a $1,695 median on 25 listings, closer to the leased figure than the listings they replaced. Size drives the spread: 1 bedrooms under 600 square feet average $3.50 per square foot ($1,698 a month) while the 600 to 899 square foot core, 164 listings, averages $2.99 ($2,075). An owner with small 1 bedrooms has the strongest per-foot pricing in the neighborhood.

Studios have the least room. The leased median of $1,585 is 10.2% under the $1,765 ask, 7 of 56 studio listings took a price cut, 5 of the 10 advertised concessions are on studios, and two of those are two months free. The estimated leased rent on studios over the last 90 days was $1,399 against $1,785 a year earlier, on small samples of 15 and 5 leases. The 3+ bedroom pool is thin and slow: 10 listings, a 112 day median from listing to lease, and a 30 day asking median that cannot be read on 2 listings.

Strengths

  • 1 bedrooms lease in a median of 31 days with the ask only 4.9% above the leased median, on 152 leases.
  • Asking rents run 20.1% to 38.2% above the Tampa citywide median on studios, 1 bedrooms and 2 bedrooms.
  • Concessions are rare: 10 of 452 tracked listings (2.2%), and only 1 on a 2 bedroom.

Considerations

  • 2 bedroom asks are 14.3% above the $2,130 leased median, and new listings in the last 30 days came on higher still at $2,623.
  • Studios show the pressure: 7 of 56 listings cut price, 5 of the 10 concessions are studios, and the 90 day leased median is $1,399.
  • 3+ bedrooms take a median of 112 days from listing to lease, and only 2 of 10 leases closed inside 90 days.
Pricing
The middle range is $1,645 to $1,830 for studios, $1,695 to $2,188 for 1 bedrooms and $1,999 to $2,700 for 2 bedrooms. Leased medians sit 4.9% to 14.3% under the current asks on those three unit types.
Velocity
Median 32 days from listing to lease across 276 leases; 43.5% leased within 30 days and 66.7% within 90. The 3+ bedroom median is 112 days.
Supply
202 units advertised in the last 45 days across the neighborhood, 111 of them 1 bedrooms and 56 of them 2 bedrooms. 114 properties carried a listing in the last 180 days.
Concessions
10 of 452 tracked listings (2.2%) advertise a concession. Two are two months free: a studio at Innovo Living Hyde Park and a 2 bedroom at Soho Apartments.

Advisory Conclusion

The numbers point to a neighborhood that leases quickly inside its middle range and slowly above it. One bedrooms priced between $1,695 and $2,188 are moving in about a month, 2 bedrooms are leasing at $2,130 while the current asks sit at $2,486, and studios are the one segment where price cuts and concessions have become common. The trailing 90 day asking median is up 17.1% on 2 bedrooms and down 0.8% on 1 bedrooms, so the two largest segments are moving in different directions.

For an owner, the question to ask of each unit type is where it sits against the leased median, not the asking median. A 2 bedroom asking above $2,700 or a studio above $1,830 is pricing against what is being leased, and the 32 day neighborhood median from listing to lease is the benchmark to hold it to.

Own an Apartment Building in Hyde Park?

Your equity has a return. Do you know what it is? Rents in the neighborhood set the value of your building, and value sets the return on the equity you have in it. A Broker Opinion of Value from Verdad CRE gives you today’s market value, your return on equity, and a clear read on hold, refinance or sell. Owners who plan ahead get one every one to two years. Confidential and at no cost.

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James J. Vestal, CEO and Managing Broker, 727-625-4725, james@verdadcre.com

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