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CoStar Insight

Florida’s multifamily rent growth divide widens as new supply reshapes market performance

Palm Beach and Miami post gains while Gulf Coast markets lead statewide declines
Completed in August 2025, Maren Apartments is a 330-unit mid-rise development in the Venice area of the Sarasota market. The four-star property was offering a concession equal to two months of free rent as of April 2026. (CoStar)
Completed in August 2025, Maren Apartments is a 330-unit mid-rise development in the Venice area of the Sarasota market. The four-star property was offering a concession equal to two months of free rent as of April 2026. (CoStar)
CoStar Analytics
May 4, 2026 | 5:18 P.M.

Florida’s multifamily rent growth landscape remains uneven in April 2026, with most markets still working to absorb the recent wave of new supply.

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