Verdad CRE

Multifamily Neighborhood Ledger
September 2026

South Tampa: Ballast Point, Bayshore Gardens and Interbay

Tampa, Florida  ·  Multifamily rents through September 28, 2026

$1,399
Studio median asking
on 7 listings
$1,500
1 Bedroom median asking
$2.38/SF on 120 listings
$1,744
2 Bedroom median asking
$2.17/SF on 86 listings
$1,849
3+ Bedroom median asking
$2.27/SF on 16 listings
47
Median days from listing to lease
200 leases in 180 days
6.2%
Listings with a concession
of 385 tracked

The Neighborhood

Hillsborough County

South Tampa 1 bedrooms leased at a median $1,625, above the $1,500 asking median

385
Listings Tracked
last 180 days
96
Properties
with a listing in the window
229
Units Advertised
in the last 45 days
200
Leases Observed
last 180 days

Over the last 45 days, 229 units were advertised across 96 properties in the neighborhood. The 1 bedroom median asking rent is $1,500 on 120 listings at $2.38 per square foot, the 2 bedroom median is $1,744 on 86 listings at $2.17 per square foot, and the 3+ bedroom median is $1,849 on 16 listings. Studios carry a $1,399 median on 7 listings, and 5 of the 7 advertise a concession.

Against the Tampa citywide medians, 1 bedroom asks match the city at $1,500, 2 bedrooms sit 3.1% under the city's $1,800, and studios sit 6.6% under the city's $1,498. Over the last 180 days, 200 of the 385 tracked listings leased, at a median of $1,625 for 1 bedrooms and $1,700 for 2 bedrooms.

Year over year, 1 bedroom leased rents moved from $1,490 to $1,629, up 9.4%, while 2 bedroom leased rents slipped 3.8% from $1,860 to $1,790.

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 7 $1,399 $1,554 $1,357 to $1,747 n/a n/a $1,498 ▼ -6.6%
1 Bedroom 120 $1,500 $1,540 $1,200 to $1,792 $2.38 630 $1,500 ▬ +0.0%
2 Bedroom 86 $1,744 $1,862 $1,559 to $2,066 $2.17 887 $1,800 ▼ -3.1%
3+ Bedroom 16 $1,849 $2,260 $1,694 to $3,021 $2.27 1,017 $1,611 ▲ +14.8%

Studio: 25th to 75th percentile asking range $1,357 to $1,747; median estimated leased rent $1,299 on 11 leases.

1 Bedroom: 25th to 75th percentile asking range $1,200 to $1,792; median estimated leased rent $1,625 on 95 leases.

2 Bedroom: 25th to 75th percentile asking range $1,559 to $2,066; median estimated leased rent $1,700 on 87 leases.

3+ Bedroom: 25th to 75th percentile asking range $1,694 to $3,021; median estimated leased rent $1,600 on 7 leases.

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 Delmar

4003 S West Shore Blvd, Tampa, FL 33611
n/a $1,365 n/a 38 Active Special offer
Inertia

4002 S Manhattan Ave, Tampa, FL 33611
n/a $1,349 n/a 9 Active $1,000 Off
Marlowe South Tampa

7210 Interbay Blvd, Tampa, FL 33616
n/a $1,904 n/a 38 Active Special offer
Cortland Bowery

6301 S Westshore Blvd, Tampa, FL 33616
n/a $1,589 n/a 38 Active Special offer
Lighthouse Bay Apartment Homes

5055 S Dale Mabry Hwy, Tampa, FL 33611
n/a $1,215 n/a 38 Active
Inertia Apartments

4004 South Manhattan Avenue, Tampa, FL 33611
16 500 $1,399 $2.80 36 Active
Town Westshore

5001 Bridge St, Tampa, FL 33611
n/a $2,060 n/a 14 Leased est. 2026-09-05 1 Month Free
Inertio

4216 S Manhattan Ave, Tampa, FL 33611
216 550 $1,349 $2.45 51 Leased est. 2026-05-01

1 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
4950 W Prescott St

4950 W Prescott St, Tampa, FL 33616
n/a $2,264 n/a 38 Active
M South

5110 S Manhattan Ave, Tampa, FL 33611
n/a $1,840 n/a 38 Active Special offer
4513 W McElroy Ave, Tampa, FL

4513 W McElroy Ave, Tampa, FL
2 n/a $1,800 n/a 9 Active
Camden Preserve

6501 S West Shore Blvd, Tampa, FL 33616
n/a $1,789 n/a 38 Active 1 Month Free
Inertio

4216 S Manhattan Ave, Tampa, FL 33611
n/a $1,649 n/a 38 Active $1,000 Off
Casa Bel Mar

4003 S Manhattan Ave, Tampa, FL 33611
n/a $1,612 n/a 38 Active
Mode at Ballast Point

6306 S Macdill Ave, Tampa, FL 33611
n/a $1,455 n/a 38 Active $1,000 Off
5009 S West Shore Blvd

5009 S West Shore Blvd, Tampa, FL 33611
n/a $1,449 n/a 38 Active
Oasis at Ballast Point

3730 West Bay Avenue, Tampa, FL 33611
n/a $1,350 n/a 9 Active
The William at Westshore Port Tampa City, Tampa

6822 S Shamrock Rd, Tampa, FL 33616
561 $1,299 $2.32 38 Active Special offer

2 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
5442 W Tyson Ave

5442 W Tyson Ave, Tampa, FL 33611
3 1,165 $3,648 $3.13 2 Active
6602 S Sherrill St

6602 S Sherrill St, Tampa, FL 33616
1,500 $3,600 $2.40 38 Active
5000 Culbreath Key Way #1206

5000 Culbreath Key Way #1312, Tampa, FL 33611
1-118 1,054 $2,700 $2.56 2 Active
3208 W Gandy Blvd 3208-B, Tampa, FL

3208 W Gandy Blvd 3208-B, Tampa, FL
3208-B n/a $1,795 n/a 1 Active
6237 S Manhattan Ave, Tampa, FL

6237 S Manhattan Ave, Tampa, FL
14 n/a $1,749 n/a 1 Active
Charming 2-Bedroom, 1-Bath Second-Floor Condo

5440 S Macdill Ave #4L, Tampa, FL 33611
4L 884 $1,600 $1.81 9 Active
Southsider Apartments

7106 South Kissimmee Street, Tampa, FL 33616
D 700 $1,375 $1.96 2 Active
Port Tampa Flats

7101 S Mascotte St, Tampa, FL 33616
880 $1,325 $1.51 2 Active
1409 S. Lorenzo Ave. #2, Tampa, FL 33629

1409 S. Lorenzo Ave. #2, Tampa, FL 33629
3 729 $2,350 $3.22 9 Active
1411 S. Lorenzo Ave. #3, Tampa, FL 33629

1411 S. Lorenzo Ave. #3, Tampa, FL 33629
3 729 $2,300 $3.16 9 Active

3+ Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
The Residence Peninsula Apartments

5301 W Tyson Ave, Tampa, FL 33611
2 1,539 $4,795 $3.12 9 Active
Bayshore 5

4905 S Elberon St, Tampa, FL 33611
n/a $3,250 n/a 38 Active
7208 Interbay Blvd #3

7208 Interbay Blvd #3, Tampa, FL 33616
3 1,340 $3,083 $2.30 9 Active
Roma on Dale Mabry

5921 5901-5921 S. Dale Mabry Hwy, Tampa, FL 33611
n/a $1,500 n/a 38 Active
3208 West Napoleon Avenue, Tampa, FL 33611

3208 West Napoleon Avenue, Tampa, FL 33611
1,503 $3,300 $2.20 9 Active
Roma on Dale Mabry

5919 S Dale Mabry Hwy, Tampa, FL 33616
768 $1,695 $2.21 2 Active
3186 Bayshore Oaks Dr, Tampa, FL 33611

3186 Bayshore Oaks Dr, Tampa, FL 33611
1,844 $3,000 $1.63 3 Leased est. 2026-09-23
Roma on Dale Mabry

5901-5921 South Dale Mabry Highway, Tampa, FL 33611
5905-A 768 $1,849 $2.41 45 Active
Keystone Courtyards

3719 W Ohio Ave, Tampa, FL 33611
30 850 $1,300 $1.53 89 Active

Pricing Benchmarks

Studio

Median asking, last 45 days$1,399
Median estimated leased rent, last 180 days$1,299
Leased vs asking-7.1%
Pricing floor / ceiling (25th / 75th percentile)$1,357 / $1,747
Average $/SF · average SFn/a · n/a
Median days from listing to lease59

1 Bedroom

Median asking, last 45 days$1,500
Median estimated leased rent, last 180 days$1,625
Leased vs asking+8.3%
Pricing floor / ceiling (25th / 75th percentile)$1,200 / $1,792
Average $/SF · average SF$2.38 · 630
Median days from listing to lease50

2 Bedroom

Median asking, last 45 days$1,744
Median estimated leased rent, last 180 days$1,700
Leased vs asking-2.5%
Pricing floor / ceiling (25th / 75th percentile)$1,559 / $2,066
Average $/SF · average SF$2.17 · 887
Median days from listing to lease35

3+ Bedroom

Median asking, last 45 days$1,849
Median estimated leased rent, last 180 days$1,600
Leased vs asking-13.5%
Pricing floor / ceiling (25th / 75th percentile)$1,694 / $3,021
Average $/SF · average SF$2.27 · 1,017
Median days from listing to lease35
Median Asking Rent Studio 1 Bedroom 2 Bedroom 3+ Bedroom
Trailing 30 Days $1,382

n/a
$1,479

▼ -10.5%
$1,749

▼ -3.2%
$1,849

n/a
Trailing 60 Days $1,382

n/a
$1,500

▼ -7.8%
$1,764

▲ +14.2%
$1,849

n/a
Trailing 90 Days $1,382

▲ +6.4%
$1,577

▲ +6.8%
$1,749

▲ +12.3%
$1,849

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

n/a vs n/a a year ago
$1,629

▲ +9.4% vs $1,490 a year ago
$1,790

▼ -3.8% vs $1,860 a year ago
$1,600

n/a vs n/a a year ago

Leasing Velocity

Leases observed in the last 180 days

47
Median Days to Lease
all unit types, 200 leases
33.0%
Leased Within 30 Days
66 units
53.0%
Leased Within 60 Days
106 units
63.5%
Leased Within 90 Days
127 units

Units that leased in the last 180 days took a median of 47 days from listing to lease.

Of the 200 leases observed, 33.0% were completed within 30 days, 53.0% within 60 days and 63.5% within 90 days.

Concessions were advertised on 24 of 385 tracked listings (6.2%).

Median Estimated Leased Rent by Month

$1,000$1,250$1,500$1,750Apr 26May 26Jun 26Jul 26Aug 26Sep 26$1,324$1,529$1,700$1,695Studio1 Bedroom2 Bedroom3+ Bedroom

Leases Observed by Month

0102030Apr 26May 26Jun 26Jul 26Aug 26Sep 26Studio1 Bedroom2 Bedroom3+ Bedroom

Month Leased Studio 1 Bedroom 2 Bedroom 3+ Bedroom
Apr 2026 $1,257

3 leases
$1,450

7 leases
$1,533

14 leases
n/a

0 leases
May 2026 n/a

2 leases
$1,393

10 leases
$1,894

8 leases
n/a

0 leases
Jun 2026 $1,324

4 leases
$1,562

16 leases
$1,540

11 leases
n/a

0 leases
Jul 2026 n/a

0 leases
$1,629

37 leases
$1,650

25 leases
n/a

2 leases
Aug 2026 n/a

1 lease
$1,653

14 leases
$1,871

13 leases
$1,695

3 leases
Sep 2026 n/a

1 lease
$1,529

12 leases
$1,700

17 leases
n/a

2 leases

Concessions Advertised

Property Unit Type Asking Offer Monthly Value Est.
Camden Preserve 1 Bedroom $1,789 1 Month Free $149
The William at Westshore Port Tampa City, Tampa 1 Bedroom $1,299 Special offer n/a
Inertio 1 Bedroom $1,649 $1,000 Off $83
Inertia Studio $1,349 $1,000 Off $83
M South 1 Bedroom $1,840 Special offer n/a
Mode at Ballast Point 1 Bedroom $1,455 $1,000 Off $83
The Delmar Studio $1,365 Special offer n/a
4800 Westshore 1 Bedroom $1,321 1 Month Free $118

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
Oasis at Ballast Point

3730 West Bay Avenue, Tampa, FL 33611
24 1985 62 35 $1,158 $1,049 to $1,650 $1.59 66
5009 S West Shore Blvd

5009 S West Shore Blvd, Tampa, FL 33611
n/a n/a 37 22 $1,640 $1,449 to $1,884 $2.31 271
Bayshore Palms at SoHO

1405 S Lorenzo Ave, Tampa, FL 33629
40 1960 19 10 $1,772 $1,453 to $2,088 $3.60 41
Bayshore Flats

5411 Bayshore Blvd, Tampa, FL 33611
48 1975 19 5 $1,731 $1,549 to $2,110 $2.92 119
Inertia Apartments

4004 South Manhattan Avenue, Tampa, FL 33611
54 1967 19 3 $1,452 $1,199 to $1,899 $2.48 59
5221 BAYSHORE BOULEVARD

5221 Bayshore Boulevard, Tampa, FL 33611
3 1976 16 5 $1,551 $1,300 to $2,000 $2.35 82
1301 S HOWARD AVENUE

1301 South Howard Avenue, Tampa, FL 33606
n/a 1962 14 3 $2,091 $1,395 to $3,200 $3.11 111
2509 Kansas Ave

2505 West Kansas Avenue, Tampa, FL 33629
18 1924 11 8 $1,684 $1,400 to $1,895 $2.99 4
Piccadilly Flats

1404 S Bay Villa Pl, Tampa, FL 33629
24 1924 10 3 $2,206 $1,997 to $2,285 $3.08 45
Inertio

4216 S Manhattan Ave, Tampa, FL 33611
40 1979 10 4 $1,684 $1,299 to $1,999 $2.25 43

Investment Read

The 1 bedroom is the unit type with room. Units that leased over the last 180 days closed at a median $1,625, 8.3% above the current $1,500 asking median, and the asking median on units listed in the last 30 days came down to $1,479 from $1,653 in the prior 30 days. Of the 196 one bedroom listings tracked over 180 days, 13 took a price cut. An owner cutting a 1 bedroom ask below $1,500 today is pricing under what the neighborhood has been paying.

The 2 bedroom is priced where it leases. The $1,744 asking median sits 2.5% above the $1,700 leased median, the type took a median of 35 days from listing to lease, the fastest of the four, and none of the 153 two bedroom listings tracked over 180 days took a price cut. Square footage is not being paid for: 2 bedrooms of 900 to 1,199 square feet average $1,751 against $1,739 for 600 to 899 square feet, so the larger floor plan earns about $12 more a month.

Studios are the slow type. The $1,399 asking median on 7 current listings sits 7.1% above the $1,299 median that studios leased at over the last 180 days, 5 of the 7 carry a concession, and studios took a median of 59 days from listing to lease, the slowest of the four. The 3+ bedroom pool is small at 16 listings with a $1,849 median, and the 7 that leased over the last 180 days closed at a median $1,600.

Strengths

  • 1 Bedroom leased rents up 9.4% year over year, from $1,490 to $1,629.
  • 2 Bedroom units took a median of 35 days from listing to lease, with no price cuts on 153 listings.
  • Concessions on 6.2% of the 385 listings tracked, and on only 3 of the 86 current 2 bedroom listings.

Considerations

  • Studios took a median of 59 days from listing to lease, the slowest type, with concessions on 5 of 7 current listings.
  • 2 Bedroom leased rents down 3.8% year over year, from $1,860 to $1,790.
  • 1 Bedroom asks listed in the last 30 days dropped to a $1,479 median from $1,653 in the prior 30 days.
Pricing
1 Bedroom leased median $1,625 against a $1,500 asking median; 2 bedroom leased median $1,700 against a $1,744 asking median.
Velocity
Units that leased in the last 180 days took a median of 47 days from listing to lease: 2 bedrooms 35 days, 1 bedrooms 50 days, studios 59 days.
Supply
229 units advertised in the last 45 days across 96 properties, 120 of them 1 bedrooms and 86 of them 2 bedrooms.
Concessions
Concessions were advertised on 24 of 385 tracked listings (6.2%). 5 of the 7 current studio listings carry one.

Advisory Conclusion

Units priced inside the 25th to 75th percentile range for their type are leasing in five to seven weeks in South Tampa: 1 bedrooms inside $1,200 to $1,792 took a median of 50 days from listing to lease and 2 bedrooms inside $1,559 to $2,066 took 35. The number to look at is the 1 bedroom, where the last 180 days of leases closed at a median $1,625 while current asks sit at $1,500. An owner with 1 bedroom units under $1,500 is below both the leased median and the citywide median, and a studio asking above $1,747 sits above the 75th percentile for a type that leased at a $1,299 median.

Own an Apartment Building in South Tampa?

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.

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

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