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Rent Inflation in Tampa, FL

The average asking rent in Tampa, FL is $2,018/month as of 2026-05. That is -1% compared to a year ago.

Source: Zillow Observed Rent Index (ZORI) | zillow.com/research

Current Avg Rent

$2,018/mo

as of 2026-05

Year-over-Year Change

-1%

24-Month Rent Trend

Monthly ZORI index values for Tampa, FL.

Month Avg Asking Rent Change from Prior Month
2026-05 $2,018 +0.20%
2026-04 $2,014 +0.30%
2026-03 $2,008 +0.25%
2026-02 $2,003 +0.20%
2026-01 $1,999 -0.15%
2025-12 $2,002 -0.15%
2025-11 $2,005 -0.50%
2025-10 $2,015 -0.35%
2025-09 $2,022 -0.39%
2025-08 $2,030 -0.15%
2025-07 $2,033 -0.10%
2025-06 $2,035 -0.15%
2025-05 $2,038 -0.10%
2025-04 $2,040 +0.10%
2025-03 $2,038 +0.44%
2025-02 $2,029 +0.40%
2025-01 $2,021 +0.30%
2024-12 $2,015 +0.60%
2024-11 $2,003 +0.55%
2024-10 $1,992 +0.25%
2024-09 $1,987 +0.00%
2024-08 $1,987 +0.05%
2024-07 $1,986 +0.30%
2024-06 $1,980

Why Rent Inflation Matters

Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.

When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.

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Data Source

Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices