Research suggests that renters in St. Peter should consider getting bigger

St. Petersburg is one of 30 cities across the country where the average price for available two-bedroom apartments is now below the average for one-bedroom apartments.

NS. PETERSBURG, Florida – Rental rates are getting higher and higher in our region. But in St. Petersburg, something very unusual happens.

New research has shown that renting a two-bedroom apartment can, on average, be cheaper than a one-bedroom apartment.

“The rent is pretty high,” says Lara Tassara, a newcomer to the area.

You don’t have to tell apartment hunters like you looking for an apartment in St. Petersburg that one-bedroom apartments are hard to find. And expensive.

“Basically the cheapest price I could get here,” said Tassara, “yeah – about sixteen hundred.”

And for this money, the number of square meters is not always – shall we say – generous.

“It’s definitely a bit small,” said Oskar Mossberg about his apartment on Central Avenue. “I would be lying if I said anything else.”

Given the demand and lack of supply, Rent.com has just determined that St. Pete is one of 30 cities across the country – and the only one in Florida – where the average price of available two-bedroom apartments is now lower is than the average rent for available one-room apartments.

About $ 85 less a month.

“Yeah, it’s crazy. The market surprises us all every day, ”says Dan Pepper, whose company Rent Palm Property Management looks after hundreds of properties.

Pepper says the demand for a one-bedroom room in St. Pete is not on the charts.

“It’s changing, crazy, street by street,” said Pepper. “And so you can sometimes find a two-room room two streets away from a single room at a lower price.”

Pepper said no one should expect to get two bedroom space in the exact same building or apartment complex for less than one bedroom. But sometimes that extra space for less money isn’t necessarily all over town. It could be just around the corner, he says.

“Yes, indeed, sometimes there can be a two-bedroom next door for a cheaper price than the new one-bedroom,” Pepper said.

“I would definitely look for a twin room. I mean more space. If I pay the same price for more space and can still be in the same area, I would definitely take it, ”said Tassara.

“100 percent no brainer, that I would definitely take up more space if I could still walk anywhere from the city center. And I might sacrifice a block or two like you mentioned just to have access, ”he said.

Rent.com research found that areas with competitive two-bedroom prices are usually near larger cities where rents are high and places where more two-bedroom apartments are available.

Right now, Pepper says, this is definitely the situation for St. Pete as newcomers get a feel for the area. But if they like it and stay, he says, he wouldn’t be surprised if the demand for more space returns.

“So this time next year we might find that the demand for two bedrooms is much higher. We will find that the demand for property prices is much higher, ”said Pepper. “But right now, this snapshot, one-bedroom is the hot commodity.”

With homes in such high demand, some advice from the experts is to check the listings online frequently. In the case of computerized prices, the rent can change on a daily basis. Also, be patient and don’t be afraid to look in the same neighborhood for something with more space for the same or maybe even a lower price.

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