Rental Basics in Tampa>Question Details

Maria Isabel, Renter in Jersey City, NJ

i want to move to tampa. how can i determine how much i should pay for rent?

Asked by Maria Isabel, Jersey City, NJ Sun Sep 15, 2013

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Answers

7
Just be sure to rent in an apartment complex...otherwise you need to investigate an owner as far as foreclosure status. Recently an unsuspecting tenant rented from a guy on Craigslist and lost $3,900 when the Sheriff showed up.

In Florida we have first time homebuyer money that can get you up to $10k to buy a house. Also with the new FHA rules shortening the time to qualify after a bankruptcy, foreclosure or short sale you hopefully should not have to rent more than 1 year.

Take a look to see if you can qualify for the State bond money (there is plenty of money available but you MUST work with an APPROVED lender on the list):

http://apps.floridahousing.org/StandAlone/FTHBWizard/FTHBWiz…

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty, Inc.
http://www.SoldOnTampa.com
813.244.9898
1 vote Thank Flag Link Mon Sep 16, 2013
Mary, take your monthly income x 31%. That is what you can afford to pay in rent.

FYI, that is also the front end or housing ratio allowed for FHA loans.

Now you have a value from which to search for housing that is affordable to you.

Best regards,

Lynn Brock
Brock Realty Inc.
941.313.1234
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0 votes Thank Flag Link Thu Sep 26, 2013
First, decide how long you plan to stay in Tampa. If it's more than a few years, you really should buy. Rates are low, and who doesn't love sunshine??

There are steps to take to get you into that perfect place, and it's a lot easier than you may think. Please call me, I'll be happy to help you.

Beth Perlozzo
Keller Williams Realty New Tampa
813-340-7073
0 votes Thank Flag Link Mon Sep 16, 2013
How much you pay for rent is dependent upon location and amenities. Apartments in Hyde Park/South Tampa and Davis Island are averaging $1200 a month for a two bedroom one bath. Most of those do not have pools or other perks. The location and proximity to the bay and great restaurants are what you are paying for. Most apartment complexes with pools and laundry facilities are also in the $1000 - $1400. range. The price will depend upon what section of town you are looking. There are some great communities that have lower rents. Do not be afraid of independent landlords advertising on Craig's List, be educated. Check with the property appraisers web site and see who owns the house before renting. You can also call a realtor who would be able to do some research for you.
good luck, contact me if you need help.
0 votes Thank Flag Link Mon Sep 16, 2013
Look at what has rented within the past year and average it.

Chris
0 votes Thank Flag Link Mon Sep 16, 2013
Look at what is available and average it.
0 votes Thank Flag Link Mon Sep 16, 2013
Depends on the neighborhood for example nicer areas a 2 bed will run you at least $800 and up while a 2 bed in a less nicer area will be at least $ 500 or lesser to a little over $600 a month. Depends on how comfortable you want to be.
0 votes Thank Flag Link Mon Sep 16, 2013
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