Owning Versus Renting In 5 Florida Cities: Which Is Cheaper?

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Pensacola, Florida

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Overall, its likely cheaper to rent in many of the cities in Florida.

Here are the key takeaways for owning or renting in these five cities in Florida.

Jacksonville is one of the most affordable housing markets on this list.

Its also one of the largest cities in Florida.

Here youll find more than 20 miles of beaches and the largest urban park system in the country.

The average monthly mortgage payment and monthly rent are pretty close.

You may be surprised, though, the average monthly rents and average monthly mortgage payments are fairly close.

Like some other cities on this list, Miami is a popular vacation spot.

Its also home to the Everglades and Zoo Miami.

you could find some of the top-ranked beaches in the U.S. in St. Petersburg.

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Plus, youll find lots of cultural attractions and shopping destinations.

The average rental cost was sourced from the Zillow Observed Rental Index for each city.

All data was collected on and is up to date as of July 15, 2024.