Jacksonville, FL

Jacksonville ranked 5th in the nation for highest apartment rent increases

Kristen Walters

A recent study published by Stessa found that Jacksonville, Florida is in the top five cities with the highest rent increases in the past year.

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Over the past couple of months, we've covered numerous stories featuring Florida renters who were shocked when it came time to renew their lease, and their rent went up by hundreds or even thousands of dollars per month.

For example, we covered Sara Espinoza's story, a Florida woman who saw her rent increase from $1700 to $3500 per month. We also highlighted the story of Laura Gilman, a disabled veteran living in Palm Beach, whose rent was raised from $2100 to $3200 a month.

However, a new study performed by Stessa, which compiled data from U.S. Housing and Urban Development, shows that these aren't simply isolated cases, especially in the Jacksonville area.

According to the study, Jacksonville ranked 5th in the nation for the highest rent increases in the last year. According to the report, rents are up more than 22 percent overall. The median rent increase is $255 per month.

In 2019, the median rent in Jacksonville was $1,159. However, in 2022, it has climbed to $1414. Sadly these apartment rate increases aren't likely to slow down anytime soon.

Unfortunately, even the most vulnerable Florida renters aren't able to get much in the way of public assistance right now.

The state of Florida recently announced that it was shutting down the OUR Florida rental assistance program, which used federal funds to help low-income Floridians who are often elderly or disabled make their rent payments.

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