Stafford at Artisan Lakes
6100 Gillet Dr,
Palmetto, FL 34221
1-3 Beds | $1,935 - $3,040
Rental Market Trends in Palmetto, FL
What is the average rent in Palmetto, FL?
$1,863/month
Average Rent
818 Sq Ft
Average Apartment Size
-0.6%
Decrease in the Last Year
As of March 2025, the average rent in Palmetto, FL is $1,863 per month. This is 19% higher than the national average rent price of $1,560/month, making Palmetto one of the most expensive cities in the US. When you rent an apartment in Palmetto, you can expect to pay about per month for a studio, $1,863 for a one-bedroom apartment, and around $1,920 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,447 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Palmetto, FL?
In the past year, rent has decreased by 0.6%, which averages out to $10 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Palmetto, FL
Last Updated March 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
40%
$700 - $1,000/month
0%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
30%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Palmetto?
Based on current rent prices, Palmetto/Ellenton is the most affordable neighborhood in Palmetto.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Palmetto?
Based on current rent prices, Palmetto/Ellenton is the most expensive neighborhood in Palmetto.
Neighborhood
Average Rent
Average Sq Ft
Which Palmetto neighborhoods have the most rentals available?
The neighborhood in Palmetto with the most apartments available is Palmetto/Ellenton .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Palmetto, FL?
Because the average rent in Palmetto is $1,863, you’ll want to make about $6,210 per month or $74,520 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Palmetto, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Palmetto, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$1,843/month
$1,843/month
Two Bedroom
$1,964/month
$1,964/month
Three Bedroom
$2,482/month
$2,482/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.