In April 2025, the median rent for a 1-bedroom apartment in Orlando reached $1,850 — a 6% increase from the previous year. As the local housing market continues to evolve, both renters and homeowners face unique challenges and opportunities. Whether you’re considering an apartment or a house, it’s crucial to understand the cost of living in Orlando and how it compares to your budget and lifestyle.
The Housing Market in Orlando Today
Orlando’s housing market is characterized by steady growth and increasing demand. The city’s strong job market, attractive amenities, and warm climate continue to draw new residents from across the country. However, this influx of people has put pressure on the housing supply, leading to rising prices and tighter inventory.
In the rental market, apartment complexes are popping up in neighborhoods like Lake Nona and downtown Orlando to meet the needs of young professionals and families. Many of these new developments offer modern amenities like fitness centers, swimming pools, and co-working spaces. Meanwhile, single-family homes remain popular among established residents and those looking for more space and privacy.
Despite the challenges, Orlando still offers a range of housing options to suit different budgets and preferences. Whether you’re drawn to the convenience of apartment living or the stability of homeownership, it’s important to weigh the costs and benefits of each option.
Renting in Orlando: What’s Typical?
As of 2025, the average rent for a 1-bedroom apartment in Orlando is around $1,850 per month, while a 2-bedroom typically goes for $2,200. However, prices can vary significantly depending on the location, age, and amenities of the building.
Popular renter areas include downtown Orlando, where young professionals are drawn to the vibrant nightlife and cultural scene. Other sought-after neighborhoods include College Park, with its tree-lined streets and local boutiques, and Audubon Park, known for its eclectic mix of restaurants and breweries.
Rent in Orlando has risen by about 6% in the last year, outpacing the national average. However, areas like Altamonte Springs and Winter Park still offer relatively affordable options for renters on a budget. It’s also worth noting that many newer apartment complexes in Orlando include utilities like trash and internet in the monthly rent, which can help offset the higher base price.
Owning a Home in Orlando
For those looking to buy a home in Orlando, the median price currently sits around $350,000. With a 10% down payment and a 30-year fixed mortgage at 4% interest, that translates to a monthly payment of roughly $2,450 (including property taxes and insurance).
On top of the mortgage, homeowners in Orlando should budget for additional costs like property taxes (which average 1.1% of the home’s value), homeowners insurance (around $1,200 per year), and HOA dues (which can range from $200 to $500 per month, depending on the community).
For a median-priced home, buyers in Orlando can expect a total monthly housing cost of around $2,800 to $3,200. While this is significantly higher than the typical rent, owning a home offers the potential for long-term equity growth and more control over the living space.
Renters vs. Homeowners: Who Lives Where?
Orlando’s homeownership rate currently stands at around 55%, slightly below the national average. While renting is common among younger individuals and those new to the area, a significant portion of older residents and families own their homes.
The decision to rent or buy often comes down to a combination of financial factors, lifestyle preferences, and long-term goals. For some, the flexibility and lower upfront costs of renting make it the better choice. Others prioritize the stability and investment potential of homeownership.
Regardless of the path you choose, it’s important to consider the full picture of housing costs in Orlando, from the monthly rent or mortgage payment to the ongoing expenses of utilities, maintenance, and insurance. By understanding these factors, you can make an informed decision that aligns with your budget and values.
| Expense | Apartment (1BR) | House (Median Price) |
|---|---|---|
| Rent/Mortgage | $1,850 | $2,450 |
| Property Tax | N/A | $320 |
| Utilities | $150 | $250 |
| Insurance | $15 (renters) | $100 (homeowners) |
| HOA Dues | N/A | $350 |
| Total Monthly Cost | $2,015 | $3,470 |
Estimates reflect mid-range properties and average usage.
What’s Driving Costs Up or Down?
Several factors influence the cost of housing in Orlando, from the local job market to migration patterns and construction trends. In recent years, the city has seen an influx of new residents drawn by the growing tech and healthcare industries, putting upward pressure on prices.
At the same time, zoning regulations and land-use policies have made it challenging to build new housing supply in some areas, further constraining inventory. However, ongoing efforts to streamline the permitting process and incentivize affordable housing development may help alleviate some of these pressures over time.
Other factors, like interest rates and economic conditions, also play a role in shaping the local housing market. As Orlando continues to grow and evolve, it will be important to monitor these trends and adapt accordingly.
FAQs About Housing in Orlando
- Is Orlando affordable to live in? While housing costs in Orlando are higher than the national average, the city is still relatively affordable compared to other major metros like New York or San Francisco. The key is to find a housing option that fits your budget and lifestyle.
- Why are housing prices changing? Housing prices in Orlando are influenced by a variety of factors, including population growth, economic conditions, and the balance of supply and demand. As more people move to the area and competition for homes increases, prices tend to rise.
- How does Orlando compare to nearby cities? Compared to other cities in Central Florida, like Tampa or Jacksonville, Orlando’s housing costs are slightly higher on average. However, the city also offers a unique set of amenities and job opportunities that may justify the premium for some residents.
Making Smart Housing Decisions in Orlando
Navigating the housing market in Orlando can be challenging, but with the right information and strategy, it’s possible to find a home that fits your needs and budget. Whether you’re considering renting an apartment or buying a house, it’s important to weigh the full costs and benefits of each option.
For renters, that means looking beyond the monthly rent price to consider factors like utilities, insurance, and location. Opting for an apartment with included amenities or negotiating a lower rent can help keep costs manageable. Homebuyers, meanwhile, should budget for the ongoing expenses of ownership, from property taxes to maintenance and repairs.
Ultimately, the key to making smart housing decisions in Orlando is to stay informed and adaptable. By understanding the local market trends, exploring your options, and aligning your housing choice with your financial goals, you can find a place to call home in this vibrant and growing city. For more tips and insights, check out our guides on Monthly Budget Examples for Orlando Residents and Cost of Living in Orlando (2025 Guide).