Verdad CRE

Multifamily Neighborhood Ledger
September 2026

Ybor City and East Tampa

Tampa, Florida  ·  Multifamily rents through September 12, 2026

$1,145
Studio median asking
$3.73/SF on 8 listings
$1,599
1 Bedroom median asking
$2.45/SF on 45 listings
$2,000
2 Bedroom median asking
$1.92/SF on 41 listings
$1,646
3+ Bedroom median asking
$1.81/SF on 7 listings
57
Median days from listing to lease
60 leases in 180 days
0.7%
Listings with a concession
of 149 tracked

The Neighborhood

Hillsborough County

2 Bedroom units in Ybor City ask $2,000 and take a median of 65 days to lease

149
Listings Tracked
last 180 days
38
Properties
with a listing in the window
101
Units Advertised
in the last 45 days
60
Leases Observed
last 180 days

On the market in the last 45 days: studio units $1,145 median at $3.73 per square foot on 8 listings; 1 bedroom units $1,599 median at $2.45 per square foot on 45 listings; 2 bedroom units $2,000 median at $1.92 per square foot on 41 listings; 3+ bedroom units $1,646 median at $1.81 per square foot on 7 listings. 101 units were advertised in that window.

Against the Tampa citywide median asking rent, Ybor City runs 25.6% below on studios, 3.2% above on 1 bedroom units, 11.1% above on 2 bedroom units and 10.8% above on 3+ bedroom units. The per foot picture inverts on the two largest types: 2 bedroom units here ask $1.92 per square foot against $2.11 citywide, and 1 bedroom units ask $2.45 against $2.58, because the floor plans are larger. The median 2 bedroom listing measures 1,069 square feet.

Over the last 180 days, 60 of the 149 tracked listings leased. 1 Bedroom units accounted for 33 of those leases at a median estimated leased rent of $1,695, and 2 bedroom units accounted for 21 at a median of $2,000.

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 8 $1,145 $1,349 $1,099 to $1,677 $3.73 400 $1,539 ▼ -25.6%
1 Bedroom 45 $1,599 $1,576 $1,300 to $1,795 $2.45 670 $1,550 ▲ +3.2%
2 Bedroom 41 $2,000 $1,991 $1,550 to $2,300 $1.92 1,069 $1,800 ▲ +11.1%
3+ Bedroom 7 $1,646 $1,755 $1,508 to $2,050 $1.81 1,072 $1,485 ▲ +10.8%

Studio: asking floor $1,099 to ceiling $1,677 (25th to 75th percentile) on 8 listings, at $3.73 per square foot.

1 Bedroom: asking floor $1,300 to ceiling $1,795 (25th to 75th percentile) on 45 listings; median estimated leased rent $1,695 on 33 leases, $95 above the 180 day median ask of $1,600.

2 Bedroom: asking floor $1,550 to ceiling $2,300 (25th to 75th percentile) on 41 listings; median estimated leased rent $2,000 on 21 leases, level with the 180 day median ask.

3+ Bedroom: asking floor $1,508 to ceiling $2,050 (25th to 75th percentile) on 7 listings, at $1.81 per square foot.

By footprint: 1 bedroom units under 600 square feet average $2.78 per square foot against $2.31 for 1 bedroom units of 600 to 899 square feet; 2 bedroom units of 900 to 1,199 square feet average $1.95.

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
Miles Ybor

1705 North 16th Street, Tampa, FL 33605
319 $1,850 $5.80 6 Active
Cigar City Flats

911 East 23rd Avenue, Tampa, FL 33605
450 $1,100 $2.44 19 Active
1005 East Lake Avenue, Tampa – 2

1005 East Lake Avenue, Tampa, FL 33605
3 n/a $1,095 n/a 321 Active
The Stevedore

1620 Nuccio Pkwy, Tampa, FL 33605
n/a $1,756 n/a 26 Active Special offer
Ybor Luxe Apartments

1301 E Columbus Dr, Tampa, FL 33605
n/a $1,190 n/a 26 Active
1515 E 31st Ave

1515 E 31st Ave, Tampa, FL 33610
n/a $1,100 n/a 26 Active
1008 East Columbus Drive, Tampa, FL 33605

1008 East Columbus Drive, Tampa, FL 33605
C 400 $1,000 $2.50 112 Leased est. 2026-06-17

1 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
1910 E COLUMBUS DRIVE

1910 East Columbus Drive, Tampa, FL 33605
730 $1,500 $2.05 19 Active
1005 East Lake Avenue, Tampa – 2

1005 East Lake Avenue, Tampa, FL 33605
2 n/a $1,395 n/a 349 Active
2816 North 9th Street – D

2816 North 9th Street, Tampa, FL 33605
D 637 $1,350 $2.12 209 Active
Cigar City Flats

911 East 23rd Avenue, Tampa, FL 33605
550 $1,300 $2.36 19 Active
3112 N 16TH STREET

3112 North 16th Street, Tampa, FL 33605
Cozy 450 $1,200 $2.67 57 Active
2817 N Taliaferro Ave #2, Tampa, FL 33602

2817 N Taliaferro Ave #2, Tampa, FL 33602
2 650 $1,195 $1.84 36 Active
2917 Sanchez St

2917 Sanchez Street, Tampa, FL 33605
1,142 $1,150 $1.01 19 Active
2916 North 16th Street, Tampa, FL 33605

2916 North 16th Street, Tampa, FL 33605
1 500 $1,100 $2.20 226 Active
1028 E 17th Ave

1028 East 17th Avenue, Tampa, FL 33605
650 $1,000 $1.54 19 Active
1008 East Columbus Drive, Tampa, FL 33605

1008 East Columbus Drive, Tampa, FL 33605
500 $1,000 $2.00 19 Active

2 Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
Jackson Heights

3700 Lowry Court, Tampa, FL 33610
731 $1,922 $2.63 6 Active
Miles Ybor

1705 North 16th Street, Tampa, FL 33605
851 $1,690 $1.99 6 Active
1810 E PALM AVENUE

1810 East Palm Avenue, Tampa, FL 33605
2104 1,152 $3,200 $2.78 362 Active
2002 E 5th Ave

2002 East 5th Avenue, Tampa, FL 33605
104 956 $2,420 $2.53 59 Active
912 E Saint Clair St #NA

912 E Saint Clair St #NA, Tampa, FL 33605
NA 1,000 $1,900 $1.90 30 Active
2407 E 17th Ave B

2407 E 17th Ave #A, Tampa, FL 33605
810 $1,550 $1.91 19 Active
2603 North 29th Street, Tampa, FL 33605

2603 North 29th Street, Tampa, FL 33605
800 $1,500 $1.88 19 Active
2401 MALLORY AVE

2401 Mallory Avenue, Tampa, FL 33605
n/a $1,500 n/a 313 Active
1221 E Columbus Dr B

1221 East Columbus Drive, Tampa, FL 33605
1,000 $1,499 $1.50 19 Active
1007 E 32ND AVENUE

1007 East 32nd Avenue, Tampa, FL 33603
625 $1,495 $2.39 19 Active

3+ Bedroom Comps

Property Unit SF Asking $/SF Days on Market Status Concession
Miles Ybor

1705 North 16th Street, Tampa, FL 33605
851 $1,646 $1.93 6 Active
906 East 11th Avenue, Tampa, FL 33605

906 East 11th Avenue, Tampa, FL 33605
1,250 $2,099 $1.68 19 Active
1910 E COLUMBUS DRIVE

1910 East Columbus Drive, Tampa, FL 33605
680 $2,000 $2.94 19 Active
2407 E 17th Ave B

2407 E 17th Ave #A, Tampa, FL 33605
A 810 $1,425 $1.76 94 Leased est. 2026-08-28

Pricing Benchmarks

Studio

Median asking, last 45 days$1,145
Median estimated leased rent, last 180 daysn/a
Leased vs askingn/a
Pricing floor / ceiling (25th / 75th percentile)$1,099 / $1,677
Average $/SF · average SF$3.73 · 400
Median days from listing to leasen/a

1 Bedroom

Median asking, last 45 days$1,599
Median estimated leased rent, last 180 days$1,695
Leased vs asking+6.0%
Pricing floor / ceiling (25th / 75th percentile)$1,300 / $1,795
Average $/SF · average SF$2.45 · 670
Median days from listing to lease54

2 Bedroom

Median asking, last 45 days$2,000
Median estimated leased rent, last 180 days$2,000
Leased vs asking+0.0%
Pricing floor / ceiling (25th / 75th percentile)$1,550 / $2,300
Average $/SF · average SF$1.92 · 1,069
Median days from listing to lease65

3+ Bedroom

Median asking, last 45 days$1,646
Median estimated leased rent, last 180 daysn/a
Leased vs askingn/a
Pricing floor / ceiling (25th / 75th percentile)$1,508 / $2,050
Average $/SF · average SF$1.81 · 1,072
Median days from listing to leasen/a
Median Asking Rent Studio 1 Bedroom 2 Bedroom 3+ Bedroom
Trailing 30 Days $1,190

n/a
$1,600

▼ -8.6%
$2,000

▼ -2.4%
$1,646

n/a
Trailing 60 Days $1,145

n/a
$1,625

▲ +12.1%
$2,000

▼ -10.0%
$1,646

n/a
Trailing 90 Days $1,100

n/a
$1,613

▬ +0.9%
$2,000

▼ -2.4%
$1,621

n/a
Estimated Leased Rent, Last 90 Days $1,050

n/a vs n/a a year ago
$1,700

▲ +1.5% vs $1,675 a year ago
$2,000

▼ -11.1% vs $2,250 a year ago
$1,510

n/a vs n/a a year ago

Leasing Velocity

Leases observed in the last 180 days

57
Median Days to Lease
all unit types, 60 leases
16.7%
Leased Within 30 Days
10 units
41.7%
Leased Within 60 Days
25 units
56.7%
Leased Within 90 Days
34 units

Units that leased in the last 180 days took a median of 57 days from listing to lease. 1 Bedroom units took a median of 54 days and 2 bedroom units took a median of 65 days.

Of the 60 leases observed, 16.7% were completed within 30 days, 41.7% within 60 days and 56.7% within 90 days. Of the 21 leases on 2 bedroom units, 2 were completed within 30 days.

Concessions were advertised on 1 of 149 tracked listings, 0.7%.

Median Estimated Leased Rent by Month

$500$1,000$1,500$2,000Mar 26Apr 26May 26Jun 26Jul 26Aug 26$1,050$1,650$2,200Studio1 Bedroom2 Bedroom

Leases Observed by Month

0510Mar 26Apr 26May 26Jun 26Jul 26Aug 26Studio1 Bedroom2 Bedroom3+ Bedroom

Month Leased Studio 1 Bedroom 2 Bedroom
Mar 2026 n/a

1 leases
$1,695

6 leases
$1,800

3 leases
Apr 2026 n/a

0 leases
n/a

0 leases
n/a

2 leases
May 2026 n/a

0 leases
$1,595

5 leases
$1,900

3 leases
Jun 2026 $1,050

3 leases
$1,275

3 leases
$2,150

5 leases
Jul 2026 n/a

0 leases
$1,750

13 leases
$2,200

7 leases
Aug 2026 n/a

1 leases
$1,650

8 leases
n/a

2 leases

Concessions Advertised

Property Unit Type Asking Offer Monthly Value Est.
The Stevedore Studio $1,756 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
1910 E Palm Ave

1910 E Palm Ave, Tampa, FL 33605
n/a n/a 40 26 $1,867 $1,400 to $2,695 $2.39 63
1810 E PALM AVENUE

1810 East Palm Avenue, Tampa, FL 33605
n/a n/a 33 19 $2,059 $1,450 to $3,200 $2.27 45
2002 E 5th Ave

2002 East 5th Avenue, Tampa, FL 33605
n/a n/a 6 3 $2,070 $1,800 to $2,420 $2.00 114
Cigar City Flats

911 East 23rd Avenue, Tampa, FL 33605
9 1969 6 4 $1,142 $1,050 to $1,300 $2.33 24
Miles Ybor

1705 North 16th Street, Tampa, FL 33605
n/a n/a 5 5 $1,685 $1,590 to $1,850 $2.98 n/a
2407 E 17th Ave B

2407 E 17th Ave #A, Tampa, FL 33605
n/a 2006 4 3 $1,499 $1,425 to $1,595 $1.85 70
1028 E 17th Ave

1028 East 17th Avenue, Tampa, FL 33605
n/a n/a 4 3 $1,250 $1,000 to $1,450 $1.33 43
906 East 11th Avenue

906 East 11th Avenue, Tampa, FL 33605
n/a 1945 3 2 $1,908 $1,525 to $2,099 $1.72 56
912 E Saint Clair St #NA

912 E Saint Clair St #NA, Tampa, FL 33605
n/a n/a 3 2 $1,900 $1,900 to $1,900 $1.90 91
1910 E COLUMBUS DRIVE

1910 East Columbus Drive, Tampa, FL 33605
n/a n/a 3 2 $1,800 $1,500 to $2,000 $2.59 25

Investment Read

The two unit types that carry this market are priced differently against the same demand. 1 Bedroom units drew 70 listings and 33 leases over the last 180 days, cleared a median estimated $1,695 against a median ask of $1,600, and took 54 days. 2 Bedroom units drew 60 listings and 21 leases, cleared $2,000 against an ask of $2,000, and took 65 days. Leases above the ask on one type and none on the other is the clearest signal in this data: 1 bedroom pricing has room above where it is being listed, and 2 bedroom pricing does not.

The case against holding 2 bedroom asks at $2,000 is consistent across three windows. Estimated leased rents are down 11.1% year over year, $2,000 on 11 leases against $2,250 on 5. The trailing 60 day median ask is down 10.0% and the trailing 90 day median is down 2.4% against their prior periods. Only 2 of 21 leases were completed within 30 days. Asking rents sit 11.1% above the Tampa citywide median while per foot rent sits below it, which says the premium is being charged for square footage rather than for the unit. The 75th percentile ask of $2,300 is where listings stall.

Per square foot, the smallest units earn the most here. Studios return $3.73 per square foot, above the Tampa citywide $3.52 and nearly double the $1.92 that 2 bedroom units return, on an average footprint of 400 square feet. Within 1 bedroom units the same pattern holds: those under 600 square feet average $2.78 per square foot against $2.31 for those of 600 to 899 square feet, roughly 20% more per foot for less space. An owner weighing a unit mix change or a floor plan split in this submarket is being paid to go smaller.

Strengths

  • Concessions were advertised on 1 of 149 tracked listings, 0.7%, so rents are not being discounted at the lease.
  • 1 Bedroom units cleared a median estimated $1,695 against a median ask of $1,600, 6.0% above the ask on 33 leases.
  • Studio units return $3.73 per square foot, above the Tampa citywide $3.52 and the highest per foot rent of any type here.

Considerations

  • 2 Bedroom units took a median of 65 days from listing to lease, and 2 of 21 leases were completed within 30 days.
  • 2 Bedroom estimated leased rents are down 11.1% year over year, $2,000 on 11 leases against $2,250 on 5.
  • 2 Bedroom asking rents of $2,000 run 11.1% above the Tampa citywide median while per foot rent of $1.92 runs below the citywide $2.11.
Pricing
Median asking rents over the last 45 days: studio $1,145, 1 bedroom $1,599, 2 bedroom $2,000, 3+ bedroom $1,646.
Velocity
Median 57 days from listing to lease across 60 leases, 54 days for 1 bedroom units and 65 days for 2 bedroom units.
Supply
101 units were advertised in the last 45 days, within 149 listings across 38 properties over the last 180 days.
Concessions
Concessions were advertised on 1 of 149 tracked listings, 0.7%.

Advisory Conclusion

If you own an apartment building in Ybor City or East Tampa, these are the numbers a buyer or a lender will test your rent roll against. The band that matters is $1,300 to $1,795 on 1 bedroom units and $1,550 to $2,300 on 2 bedroom units. Units priced inside their band are leasing in roughly two months; units priced at the top of it are the ones carrying the 65 day tail.

We read the 1 bedroom ask to lease gap of $95 as unclaimed rent and the 2 bedroom year over year decline of 11.1% as a pricing correction that is still running. Owners renewing 2 bedroom leases at last year's number should expect the market to test it.

Own an Apartment Building in Ybor City?

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.

REQUEST A BOV

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

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