Verdad CRE

Multifamily Neighborhood Ledger
October 2026

Downtown Clearwater and North Greenwood

Clearwater, Florida  ·  Multifamily rents through October 4, 2026

$1,050
Studio median asking
on 6 listings
$1,278
1 Bedroom median asking
$2.31/SF on 70 listings
$1,500
2 Bedroom median asking
$1.97/SF on 69 listings
$1,898
3+ Bedroom median asking
$1.64/SF on 8 listings
14
Median days from listing to lease
85 leases in 180 days
3.9%
Listings with a concession
of 206 tracked

The Neighborhood

Pinellas County

Downtown Clearwater 2 bedrooms ask $1,500, 14.8% under the Clearwater citywide median

206
Listings Tracked
last 180 days
98
Properties
with a listing in the window
153
Units Advertised
in the last 45 days
85
Leases Observed
last 180 days

On the market in the last 45 days, the median asking rent is $1,050 for a studio on 6 listings, $1,278 for a 1 bedroom on 70, $1,500 for a 2 bedroom on 69 and $1,898 for a 3+ bedroom on 8. Per square foot, 1 bedrooms ask $2.31, 2 bedrooms $1.97 and 3+ bedrooms $1.64.

Over the last 180 days we tracked 206 listings across 98 properties. Most of the 85 leases in that window came in September and early October, so this issue reads the current asking market first and treats leasing history as recent weeks rather than a six month trend.

Against the Clearwater citywide median asking rent, Downtown Clearwater runs 12.5% under for studios ($1,200 citywide), 7.1% under for 1 bedrooms ($1,375), 14.8% under for 2 bedrooms ($1,760) and 15.8% under for 3+ bedrooms ($2,255).

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 Clearwater Median vs City
Studio 6 $1,050 $1,068 $960 to $1,159 n/a n/a $1,200 ▼ -12.5%
1 Bedroom 70 $1,278 $1,378 $1,184 to $1,599 $2.31 637 $1,375 ▼ -7.1%
2 Bedroom 69 $1,500 $1,705 $1,400 to $1,699 $1.97 885 $1,760 ▼ -14.8%
3+ Bedroom 8 $1,898 $1,949 $1,675 to $2,449 $1.64 1,260 $2,255 ▼ -15.8%

Studio: the 25th to 75th percentile range runs $960 to $1,159 on 6 listings, under the Clearwater citywide median of $1,200.

1 Bedroom: $1,184 to $1,599 range on 70 listings. The 30 day asking median is $1,280, unchanged from the prior 30 days, and 13 of the 88 1 bedroom listings over 180 days carried a price cut.

2 Bedroom: $1,400 to $1,699 range on 69 listings. The 30 day asking median of $1,500 is up 3.4% on the prior 30 days, and 11 of 99 2 bedroom listings over 180 days carried a price cut.

3+ Bedroom: $1,675 to $2,449 range on 8 listings; 4 of the 13 listings over 180 days carried a price cut.

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
1761 Carlisle St

1761 Carlisle St, Clearwater, FL 33755
500 $1,250 $2.50 11 Active
1429 Laura St #D

1429 Laura St, Clearwater, FL 33755
n/a $1,195 n/a 47 Active
407 S Jupiter Ave

407 S Jupiter Ave, Clearwater, FL 33755
550 $1,050 $1.91 47 Active
Residential Lease, CLEARWATER, FL

1375 Drew St #102, Clearwater, FL 33755
102 400 $930 $2.33 4 Leased est. 2026-10-01

1 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
1807 Douglas Ave #B

1807 Douglas Ave, Clearwater, FL 33755
550 $2,400 $4.36 11 Active
1409 Maple St #2

1409 Maple St, Clearwater, FL 33755
415 $2,100 $5.06 18 Active
527 N Garden Ave

527 N Garden Ave, Clearwater, FL 33755
400 $1,950 $4.88 47 Active $250 Off
1488 Cleveland St

1488 Cleveland St, Clearwater, FL 33755
500 $1,850 $3.70 47 Active
1502 N Fort Harrison Ave #B

1502 N Fort Harrison Ave #B, Clearwater, FL 33755
850 $1,800 $2.12 18 Active
CONDOS, CLEARWATER, FL

631 N Keene Rd #S8, Clearwater, FL 33755
S8 710 $1,650 $2.32 47 Active
Clearwater Gardens

1260 Cleveland St, Clearwater, FL 33755
n/a $1,647 n/a 47 Active
310 Spring Ct #A

310 Spring Ct, Clearwater, FL 33755
532 $1,600 $3.01 47 Active
Sunset Point Rd

1102 Sunset Point Rd, Clearwater, FL 33755
800 $1,600 $2.00 11 Active
The Nolen Luxury Apartments

949 Cleveland St, Clearwater, FL 33755
n/a $1,595 n/a 47 Active

2 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
331 Cleveland St #310

331 Cleveland St, Clearwater, FL 33755
320 1,458 $4,500 $3.09 4 Active
5 N Osceola Ave #508

5 N Osceola Ave, Clearwater, FL 33755
1,187 $3,800 $3.20 47 Active
628 Cleveland St #1306

628 Cleveland St, Clearwater, FL 33755
1,494 $3,150 $2.11 18 Active
2037 Edgewater Dr #103

2037 Edgewater Dr, Clearwater, FL 33755
850 $2,600 $3.06 47 Active
1310 Idlewild Dr #A

1310 Idlewild Dr, Clearwater, FL 33755
1,350 $1,800 $1.33 18 Active
1521 Clark St #1521

1521 Clark St, Clearwater, FL 33755
825 $1,800 $2.18 18 Active
2001-2007 Alpine Rd

2001 Alpine Rd, Clearwater, FL 33755
n/a $1,695 n/a 18 Active
1110 Drew St #LOWER

1110 Drew St, Clearwater, FL 33755
600 $1,650 $2.75 47 Active
112 S Highland Ave #112

112 S Highland Ave, Clearwater, FL 33755
900 $1,650 $1.83 47 Active
1181 Granada St #A

1181 Granada St, Clearwater, FL 33755
800 $1,650 $2.06 18 Active

3+ Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
1405 N Saturn Ave #1

1405 N Saturn Ave, Clearwater, FL 33755
1,416 $2,400 $1.69 11 Active
1262 Palmetto St

1262 Palmetto St, Clearwater, FL 33755
1,250 $1,900 $1.52 4 Active
2625 Florida 590 # 2721-1

2625 Florida Ave, Clearwater, FL 33755
2721 1,274 $1,895 $1.49 18 Active
1120 Amble Ln

1120 Amble Ln, Clearwater, FL 33755
975 $1,700 $1.74 18 Active
407 Engman St #C

407 Engman St, Clearwater, FL 33755
B 950 $1,600 $1.68 47 Active
1482 Cleveland St #1

1482 Cleveland St, Clearwater, FL 33755
1,110 $2,600 $2.34 40 Leased est. 2026-10-01
Fulton Ave

1755 Fulton Ave, Clearwater, FL 33755
1,904 $905 $0.48 10 Leased est. 2026-09-30
Residential Lease, CLEARWATER, FL

1149 La Salle St, Clearwater, FL 33755
1,666 $2,350 $1.41 14 Leased est. 2026-09-05
643 N Keene Rd #B

643 N Keene Rd, Clearwater, FL 33755
1,250 $2,195 $1.76 14 Leased est. 2026-09-05
1003 Pennsylvania Ave #1

1003 Pennsylvania Ave, Clearwater, FL 33755
1,400 $2,000 $1.43 14 Leased est. 2026-09-05

Pricing Benchmarks

Studio

Median asking, last 45 days$1,050
Median estimated leased rent, last 180 daysn/a
Pricing floor / ceiling (25th / 75th percentile)$960 / $1,159
Average $/SF · average SFn/a · n/a
Median days from listing to leasen/a

1 Bedroom

Median asking, last 45 days$1,278
Median estimated leased rent, last 180 days$1,325
Pricing floor / ceiling (25th / 75th percentile)$1,184 / $1,599
Average $/SF · average SF$2.31 · 637
Median days from listing to lease14

2 Bedroom

Median asking, last 45 days$1,500
Median estimated leased rent, last 180 days$1,595
Pricing floor / ceiling (25th / 75th percentile)$1,400 / $1,699
Average $/SF · average SF$1.97 · 885
Median days from listing to lease14

3+ Bedroom

Median asking, last 45 days$1,898
Median estimated leased rent, last 180 days$2,098
Pricing floor / ceiling (25th / 75th percentile)$1,675 / $2,449
Average $/SF · average SF$1.64 · 1,260
Median days from listing to lease14
Median Asking Rent Studio 1 Bedroom 2 Bedroom 3+ Bedroom
Trailing 30 Days $1,050

n/a
$1,280

▬ +0.0%
$1,500

▲ +3.4%
$1,898

▼ -5.1%
Trailing 60 Days $1,050

n/a
$1,280

▼ -8.2%
$1,500

n/a
$1,900

n/a
Trailing 90 Days $1,050

n/a
$1,280

n/a
$1,500

▼ -8.9%
$1,900

n/a
Estimated Leased Rent, Last 90 Days n/a

n/a vs n/a a year ago
$1,323

n/a vs n/a a year ago
$1,595

n/a vs n/a a year ago
$2,098

n/a vs n/a a year ago

Leasing Velocity

Leases observed in the last 180 days

14
Median Days to Lease
all unit types, 85 leases
70.6%
Leased Within 30 Days
60 units
85.9%
Leased Within 60 Days
73 units
89.4%
Leased Within 90 Days
76 units

Most leases in the window were recorded in September and early October. Across those leases, units took a median of 14 days from listing to lease, and 70.6% of the 85 leases were completed within 30 days.

Concessions were advertised on 8 of 206 tracked listings (3.9%), and 30 listings showed a price cut: 13 of 88 1 bedrooms, 11 of 99 2 bedrooms, 4 of 13 3+ bedrooms and 2 of 6 studios.

Concessions Advertised

Property Unit Type Asking Offer Monthly Value Est.
Sunset Cove, MOVE IN SPECIAL: 2 MONTHS FREE 1 Bedroom $1,280 Special offer n/a
527 N Garden Ave 1 Bedroom $1,950 $250 Off $21
851 N Keene Rd #Y-8 2 Bedroom $1,500 Special offer n/a
Apache Trail Apartments 1 Bedroom $1,010 Special offer n/a
Palmetto on West 2 Bedroom $1,195 Special offer $100
1345 Drew St #3 1 Bedroom $1,300 Special offer n/a
1409 Alpine Rd #16 2 Bedroom $1,400 Special offer n/a
1325 Drew St #6 1 Bedroom $1,300 Special offer n/a

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
Sunset Cove, MOVE IN SPECIAL: 2 MONTHS FREE

1142 Sunset Point Rd, 6, Clearwater, FL 33755
33 1973 23 16 $1,408 $1,280 to $1,750 $2.27 27
Pineview Apartments

1585 Greenlea Drive, Clearwater, FL 33755
2 1973 22 19 $1,351 $1,184 to $1,699 $1.88 33
527 N Garden Ave

527 N Garden Ave, Clearwater, FL 33755
4 2025 9 4 $2,283 $1,850 to $2,850 $3.98 59
1257 DREW STREET

1257 Drew Street, Clearwater, FL 33755
18 1964 8 5 $1,360 $1,150 to $1,895 $1.95 3
1799 N Highland Ave #22

1799 N Highland Ave, Clearwater, FL 33755
1 1971 5 3 $1,349 $1,300 to $1,395 $1.93 9
1767 Leo Lane South, 202

1767 Leo Lane South, 202, Clearwater, FL 33755
3 1973 5 3 $1,235 $1,195 to $1,395 $1.68 14
Residential Lease, CLEARWATER, FL

117 N Evergreen Ave #201, Clearwater, FL 33755
23 1955 5 4 $1,070 $1,050 to $1,150 $1.32 14
Charming 1BR Condo in Clearwater

1428 Gulf To Bay Boulevard, Clearwater, FL 33755
1 1982 4 4 $1,936 $1,800 to $2,100 $2.25 3
604 Hart St #A

604 Hart St, Clearwater, FL 33755
1 1930 4 2 $1,575 $1,450 to $1,700 $1.98 14
1329 Drew St #6

1329 Drew St, Clearwater, FL 33755
16 1965 4 1 $1,395 $1,395 to $1,395 $1.72 24

Investment Read

Downtown Clearwater asks less than the rest of the city in every unit type. The 2 bedroom asking median of $1,500 is 14.8% under the Clearwater citywide $1,760, and the 25th to 75th percentile range tops out at $1,699, still under the citywide median. 1 bedrooms are the closest to the city at $1,278, 7.1% under the citywide $1,375.

Size drives most of the spread inside each unit type. 2 bedrooms of 600 to 899 square feet averaged $1,530 at $2.06 per square foot, while 900 to 1,199 square feet averaged $1,834 at $1.83. Owners with larger 2 bedroom floor plans should price against the larger units, not the neighborhood median. On the 1 bedroom side the smallest units ask the most per square foot: under 600 square feet averaged $1,490 at $3.27, against $1,322 at $1.89 for 600 to 899 square feet.

Price cuts are a better read on where the ceiling sits than concessions here. 30 of 206 listings cut price while only 8 advertised a concession. A 1 bedroom priced above the $1,599 top of the middle range is competing with 70 current listings, and 13 of the 88 1 bedroom listings over 180 days have already cut price.

Strengths

  • Asking medians held steady over the last 30 days: 1 bedrooms unchanged at $1,280 and 2 bedrooms up 3.4% to $1,500.
  • Concessions on only 3.9% of tracked listings, 8 of 206.
  • 153 units advertised in the last 45 days give owners a deep set of current comparables.

Considerations

  • Asking rents sit 7.1% to 15.8% under the Clearwater citywide medians across every unit type.
  • 30 of 206 listings carried a price cut, 13 of them 1 bedrooms and 11 of them 2 bedrooms.
  • 3+ bedrooms are thin: 8 current listings.
Pricing
Studios $1,050, 1 bedrooms $1,278, 2 bedrooms $1,500 and 3+ bedrooms $1,898 at the asking median, 7.1% to 15.8% under the citywide medians.
Velocity
Most leases came in September and early October; across them, a median of 14 days from listing to lease.
Supply
153 units advertised in the last 45 days, 70 of them 1 bedrooms and 69 of them 2 bedrooms, across 98 properties over 180 days.
Concessions
8 of 206 listings (3.9%) advertise a concession; price cuts are more common, on 30 listings.

Advisory Conclusion

Downtown Clearwater and North Greenwood ask less than the rest of Clearwater in every unit type, 14.8% less for 2 bedrooms, and asking medians have held steady over the last 30 days. The numbers an owner should look at first are where each unit sits against the 25th to 75th percentile range for its type and size, and how many nearby listings at that price have already cut.

Own an Apartment Building in Downtown Clearwater?

Know what your building is worth before you need to. A BOV is the number behind every good decision an owner makes: the return on your equity, the case for a refinance, the timing of a sale, and the planning your estate will one day depend on knowing how much equity you have in your building. Owners who plan ahead get one every one to two years. Confidential and at no cost.

REQUEST A BOV

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

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