Average rent prices skyrocket in Bay area

Average rent prices skyrocket in Bay area

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TAMPA (FOX 13) -

Paying rent can drain your budget, and new numbers reveal the price of rent went up during the second quarter of this year, ending just a few days ago.

We did a little checking around the Bay area.

For a three bedroom apartment in Tampa, the average rent is $1,130. The average in Sarasota is $40 more than that, and in Lakeland, the average price for a three bedroom place is $810.

The average rent overall is up around $1,100, and that's the highest it's been since 2007.

The reason: Vacancy rates have hit a new 10-year low, with number now around 5 percent.

To find more average prices in those Bay area markets, visit these links:

- Lakeland

- Sarasota

- Tampa

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