Verdad CRE

Multifamily Neighborhood Ledger
September 2026

Downtown Tampa and Channelside

Tampa, Florida  ·  Multifamily rents through September 20, 2026

$2,108
Studio median asking
on 15 listings
$2,015
1 Bedroom median asking
$2.35/SF on 21 listings
$2,125
2 Bedroom median asking
$2.13/SF on 36 listings
$3,214
3+ Bedroom median asking
$2.89/SF on 6 listings
23
Median days from listing to lease
34 leases in 180 days
16.2%
Listings with a concession
of 99 tracked

The Neighborhood

Hillsborough County

Two bedroom units in Downtown Tampa are asking $2,125 and leasing in 14 days

99
Listings Tracked
last 180 days
43
Properties
with a listing in the window
78
Units Advertised
in the last 45 days
34
Leases Observed
last 180 days

On the market in the last 45 days: studio units $2,108 median on 15 listings; 1 bedroom units $2,015 median on 21 listings ($2.35 per square foot); 2 bedroom units $2,125 median on 36 listings ($2.13 per square foot); 3+ bedroom units $3,214 median on 6 listings ($2.89 per square foot). Across the last 180 days we tracked 99 listings at 43 properties and 34 leases.

Every unit type asks above the Tampa citywide median. Studios run +42.9%, 1 bedroom units +34.3%, 2 bedroom units +18.1% and 3+ bedroom units +100.1% on 6 listings. The 2 bedroom premium is the narrowest of the four, and it sits on the deepest sample in the neighborhood at 36 listings.

Concessions are not spread evenly. Of the 15 studio listings on the market in the last 45 days, 11 advertise a concession. Five of 21 one bedroom listings do. None of the 36 two bedroom listings and none of the 6 three bedroom listings advertise one.

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 15 $2,108 $2,298 $2,040 to $2,419 n/a n/a $1,475 ▲ +42.9%
1 Bedroom 21 $2,015 $1,868 $1,295 to $2,185 $2.35 771 $1,500 ▲ +34.3%
2 Bedroom 36 $2,125 $2,337 $1,845 to $2,642 $2.13 1,107 $1,800 ▲ +18.1%
3+ Bedroom 6 $3,214 $3,760 $2,355 to $5,046 $2.89 1,283 $1,606 ▲ +100.1%

Studio: asking floor $2,040 to ceiling $2,419 (25th to 75th percentile); median asking $2,108 on 15 listings.

1 Bedroom: asking floor $1,295 to ceiling $2,185 (25th to 75th percentile); median estimated leased rent $1,580 on 12 leases, 21.6% below the $2,015 median ask.

2 Bedroom: asking floor $1,845 to ceiling $2,642 (25th to 75th percentile); median estimated leased rent $2,556 on 17 leases.

3+ Bedroom: asking floor $2,355 to ceiling $5,046 (25th to 75th percentile) on 6 listings.

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
617 North 12th Street

617 N 12th St, Tampa, FL 33602
699 $3,649 $5.22 4 Active
500 Harbour Island

500 Knights Run Ave, Tampa, FL 33602
n/a $2,663 n/a 33 Active $750 Off
Olympus Harbour Island

301 Harbour Place Dr, Tampa, FL 33602
n/a $2,619 n/a 4 Active Special offer
Aer

300 W Tyler St, Tampa, FL 33602
n/a $2,499 n/a 33 Active Special offer
Harrison Residences

1280 E Harrison St, Tampa, FL 33602
n/a $2,339 n/a 33 Active
The MAV

601 N 12th St, Tampa, FL 33602
n/a $2,336 n/a 33 Active Special offer
Nine15

915 N Franklin St, Tampa, FL 33602
n/a $2,281 n/a 33 Active Special offer
Cora

1011 E Cumberland Ave, Tampa, FL 33602
n/a $2,108 n/a 33 Active Special offer
MAA Harbour Island

800 Harbour Post Dr, Tampa, FL 33602
n/a $2,095 n/a 33 Active Special offer
The Slade at Channelside

1190 E Washington St, Tampa, FL 33602
n/a $2,079 n/a 33 Active

1 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
101 N 12th St #400

101 N 12th St, Tampa, FL 33602
925 $3,595 $3.89 4 Active
Heron

815 Water St, Tampa, FL 33602
n/a $3,277 n/a 33 Active Special offer
AVE Tampa Riverwalk

160 W Tyler St, Tampa, FL 33602
n/a $2,216 n/a 33 Active 2 Weeks Free
1501 Doyle Carlton Dr #109

1501 Doyle Carlton Dr #109, Tampa, FL 33602
109 864 $2,200 $2.55 4 Active
Element

808 N Franklin St, Tampa, FL 33602
n/a $2,115 n/a 33 Active 2 Weeks Free
Renovated Open Loft Apartment in Historic Church

502 E Ross Ave, Tampa, FL 33602
948 $2,100 $2.22 33 Active
Bell Channelside

1120 E Twiggs St, Tampa, FL 33602
n/a $2,015 n/a 33 Active Special offer
316 W Columbus Dr – Unit A, Tampa, FL 33602

316 W Columbus Dr – Unit A, Tampa, FL 33602
A 800 $1,350 $1.69 33 Active
Residential Lease, TAMPA, FL

809 W Park Ave #B, Tampa, FL 33602
B 500 $1,200 $2.40 4 Active
2817 N Taliaferro Ave #2, Tampa, FL 33602

2817 N Taliaferro Ave #2, Tampa, FL 33602
2 650 $1,195 $1.84 33 Active

2 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
Residential Lease, TAMPA, FL

700 S Harbour Island Blvd #436, Tampa, FL 33602
323 1,168 $4,500 $3.85 4 Active
220 Madison (By the Bedroom)

220 E Madison St, Tampa, FL 33602
n/a $2,998 n/a 33 Active
406 W Amelia Ave – 202

406 W Amelia Ave – 202, Tampa, FL 33602
1,150 $2,695 $2.34 4 Active
Residential Lease, TAMPA, FL

2702 N Florida Ave #5, Tampa, FL 33602
5 652 $1,550 $2.38 4 Active
2830 N Elmore Ave #B

2830 N Elmore Ave, Tampa, FL 33602
700 $1,399 $2.00 33 Active
The Reed at Encore

1240 East Ray Charles Avenue, Tampa, FL 33602
315 1,035 $2,624 $2.54 147 Active
Central Court Apartments

2510 North Central Avenue, Tampa, FL 33602
765 $2,299 $3.01 13 Active
Ella at Encore

1210 East Ray Charles Avenue, Tampa, FL 33602
2204 1,323 $2,150 $1.63 83 Active
The Trio at Encore

1101 Ray Charles Boulevard, Tampa, FL 33602
2315 904 $1,845 $2.04 78 Active
2/2

910 Normandy Trace Rd, Tampa, FL 33602
1,554 $4,195 $2.70 14 Leased est. 2026-09-05

3+ Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
310 W Warren Ave, Tampa, FL 33602

310 W Warren Ave, Tampa, FL 33602
1,302 $6,806 $5.23 33 Active
206 W Warren Ave, Tampa, FL 33602

206 W Warren Ave, Tampa, FL 33602
1,323 $3,682 $2.78 33 Active
Central Court Apartments

2510 North Central Avenue, Tampa, FL 33602
1,035 $2,746 $2.65 13 Active
Ella at Encore

1210 East Ray Charles Avenue, Tampa, FL 33602
2604 1,467 $2,225 $1.52 83 Active
3/2

708 Promenade Pl, Tampa, FL 33602
1,521 $5,500 $3.62 14 Leased est. 2026-09-05
Residential Lease, TAMPA, FL

418 E Amelia Ave #A, Tampa, FL 33602
A 1,050 $1,600 $1.52 14 Leased est. 2026-09-05
The Trio at Encore

1101 Ray Charles Boulevard, Tampa, FL 33602
1501 1,167 $2,005 $1.72 49 Leased est. 2026-08-05

Pricing Benchmarks

Studio

Median asking, last 45 days$2,108
Median estimated leased rent, last 180 daysn/a
Leased vs askingn/a
Pricing floor / ceiling (25th / 75th percentile)$2,040 / $2,419
Average $/SF · average SFn/a · n/a
Median days from listing to leasen/a

1 Bedroom

Median asking, last 45 days$2,015
Median estimated leased rent, last 180 days$1,580
Leased vs asking-21.6%
Pricing floor / ceiling (25th / 75th percentile)$1,295 / $2,185
Average $/SF · average SF$2.35 · 771
Median days from listing to lease39

2 Bedroom

Median asking, last 45 days$2,125
Median estimated leased rent, last 180 days$2,556
Leased vs asking+20.3%
Pricing floor / ceiling (25th / 75th percentile)$1,845 / $2,642
Average $/SF · average SF$2.13 · 1,107
Median days from listing to lease14

3+ Bedroom

Median asking, last 45 days$3,214
Median estimated leased rent, last 180 daysn/a
Leased vs askingn/a
Pricing floor / ceiling (25th / 75th percentile)$2,355 / $5,046
Average $/SF · average SF$2.89 · 1,283
Median days from listing to leasen/a
Median Asking Rent Studio 1 Bedroom 2 Bedroom 3+ Bedroom
Trailing 30 Days $2,108

n/a
$2,015

n/a
$2,050

▼ -21.9%
n/a

n/a
Trailing 60 Days $2,108

n/a
$2,015

▲ +58.0%
$2,100

n/a
$2,746

n/a
Trailing 90 Days $2,108

n/a
$1,740

▲ +36.5%
$2,100

n/a
$2,746

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

vs n/a a year ago
$1,580

n/a vs n/a a year ago
$2,556

n/a vs n/a a year ago
n/a

n/a vs n/a a year ago

Leasing Velocity

Leases observed in the last 180 days

23
Median Days to Lease
all unit types, 34 leases
50.0%
Leased Within 30 Days
17 units
58.8%
Leased Within 60 Days
20 units
82.4%
Leased Within 90 Days
28 units

Units that leased in the last 180 days took a median of 23 days from listing to lease.

Of the 34 leases observed, 50.0% were completed within 30 days, 58.8% within 60 days and 82.4% within 90 days.

2 bedroom units took a median of 14 days from listing to lease on 17 leases. 1 bedroom units took a median of 39 days on 12 leases.

Concessions were advertised on 16 of 99 tracked listings (16.2%).

Leases Observed by Month

0246Apr 26May 26Jun 26Jul 26Aug 26Sep 26Studio1 Bedroom2 Bedroom3+ Bedroom

Month Leased 1 Bedroom 2 Bedroom
Apr 2026 n/a

2 leases
n/a

2 leases
May 2026 n/a

2 leases
n/a

2 leases
Jun 2026 n/a

1 lease
n/a

1 lease
Jul 2026 $1,580

3 leases
$2,201

4 leases
Aug 2026 n/a

2 leases
n/a

2 leases
Sep 2026 n/a

2 leases
$3,075

6 leases

Concessions Advertised

Property Unit Type Asking Offer Monthly Value Est.
Cora Studio $2,108 Special offer n/a
Heron 1 Bedroom $3,277 Special offer n/a
Bell Channelside 1 Bedroom $2,015 Special offer n/a
500 Harbour Island Studio $2,663 $750 Off $62
Aer Studio $2,499 Special offer $1,133
Aurora Studio $1,919 $1,500 Off $125
AVE Tampa Riverwalk 1 Bedroom $2,216 2 Weeks Free $85
Anchor Riverwalk Studio $2,054 Special offer $166

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
The Trio at Encore

1101 Ray Charles Boulevard, Tampa, FL 33602
n/a n/a 22 8 $1,906 $741 to $5,470 $2.08 71
Ella at Encore

1210 East Ray Charles Avenue, Tampa, FL 33602
n/a n/a 17 17 $2,036 $1,495 to $2,225 $1.62 n/a
The Reed at Encore

1240 East Ray Charles Avenue, Tampa, FL 33602
n/a n/a 10 5 $1,835 $727 to $2,624 $2.41 51
Residential Lease, TAMPA, FL

700 S Harbour Island Blvd #436, Tampa, FL 33602
n/a n/a 4 4 $3,461 $2,695 to $4,500 $2.95 14
2817 N Taliaferro Ave #2

2817 N Taliaferro Ave #2, Tampa, FL 33602
n/a n/a 3 2 $1,222 $1,195 to $1,275 $1.88 79
406 W Amelia Ave – 202

406 W Amelia Ave – 202, Tampa, FL 33602
5 2020 2 2 $2,695 $2,695 to $2,695 $2.34 n/a
Olympus Harbour Island

301 Harbour Place Dr, Tampa, FL 33602
340 2017 2 2 $2,574 $2,528 to $2,619 n/a 14
Central Court Apartments

2510 North Central Avenue, Tampa, FL 33602
n/a n/a 2 2 $2,523 $2,299 to $2,746 $2.83 n/a
1806 North Nebraska Avenue

1806 North Nebraska Avenue, Tampa, FL 33602
n/a 1915 2 1 $1,198 $1,100 to $1,295 n/a 142
316 W Columbus Dr – Unit A

316 W Columbus Dr – Unit A, Tampa, FL 33602
n/a n/a 2 2 $1,058 $765 to $1,350 $1.69 n/a

Investment Read

The 2 bedroom unit is where this neighborhood is strongest, and the three figures agree with each other. It carries the deepest sample at 36 listings in the last 45 days, it took a median of 14 days from listing to lease across 17 leases, and not one of those 36 listings advertises a concession. It also asks the smallest premium to the rest of Tampa at +18.1%. An owner holding two bedroom units downtown has room to test the ask before reaching for a concession.

The studio tells the opposite story. Studios ask a $2,108 median, which is $93 above the $2,015 median for a one bedroom, and 11 of the 15 studios on the market are advertising a concession to hold that number. Only one studio lease was observed in the last 180 days, so there is no leased rent to test the ask against. A studio priced within a hundred dollars of a one bedroom is asking a renter to pay for the address rather than the unit, and the concession count is what that costs.

One bedroom units sit in between and are the type to watch. The 12 one bedroom leases we observed cleared at a $1,580 median against a $2,015 median ask, they took a median of 39 days, and 5 of 29 listings in the window cut price. Note that the units that leased are not the same units now listed, so read this as a mix difference rather than a fixed discount to ask. The direction still holds: the one bedroom is the slowest type downtown, and the asking ladder above $2,000 is where it is losing time.

Strengths

  • 2 bedroom units leased in a median of 14 days on 17 leases, with no concession advertised on any of the 36 current listings.
  • Half of all leases in the last 180 days closed within 30 days, and 82.4% closed within 90.
  • Asking rents hold a premium to the Tampa citywide median in every unit type, from +18.1% on 2 bedroom units to +42.9% on studios.

Considerations

  • 11 of 15 studio listings advertise a concession, and only one studio lease was observed in the last 180 days.
  • 1 bedroom units took a median of 39 days from listing to lease, and 5 of 29 listings in the window cut price.
  • The 3+ bedroom figures rest on 6 listings and 4 leases, too few to price against on their own.
Pricing
2 bedroom units ask a $2,125 median with a $1,845 to $2,642 middle range. Studios ask $2,108, within $93 of the 1 bedroom median.
Velocity
23 days median from listing to lease across 34 leases. 2 bedroom units ran 14 days, 1 bedroom units 39.
Supply
78 units advertised in the last 45 days across 43 properties, with 36 of them 2 bedroom listings.
Concessions
16 of 99 tracked listings (16.2%), and 11 of those sit on studios. No 2 bedroom or 3 bedroom listing advertises one.

Advisory Conclusion

Two bedroom units are carrying the neighborhood: 36 listings, 14 days to lease, no concessions. Studios are holding a $2,108 ask with a concession on 11 of 15 listings, and one bedroom units are taking 39 days to clear.

If your units are priced inside the middle range for their type they are leasing in about a month. If a studio in your building is asking within a hundred dollars of your one bedroom, that is the line to look at first.

Own an Apartment Building in Downtown Tampa?

Value changes every year. Your plan should too. Owners who get a BOV every one to two years make the hold, refinance, sell and estate decisions on current numbers. A Broker Opinion of Value from Verdad CRE puts a current market value on your building and the return on the equity in it. 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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