Naples coastal neighborhoods aerial drone photo
Is your rent too damn high? Well, you are not alone according to new data from Dwellsy. Dwellsy specializes in renters and rentals. In a report issued September 15th, 2022 on Single Family Home Rentals (SFR), the Naples-Marco Island Florida rental market is near the top.
The report was based on data from 12 million rentals across the country. In this study, they took the median rental price for a single family home. So if you're looking to rent a house in one of these markets, this is what you're looking at:
Coming in first in the U.S. was San Jose-Sunnyvale-Santa Clara, CA with a median rental price for a single family home coming in at $3,695.00. Actually, the top 4 before you get to Naples, were all in California. Salinas, CA was second at $3,620.00. In third was Santa Barbara-Santa Maria-Goleta, CA at an even $3,600.00 a month for a rental. The San Francisco-Oakland-Fremont, CA market came in at $3,550.00. And here in Southwest Florida, Naples-Marco Island, FL with a median monthly rental price of $3,495.00 for a single family home. North Port-Bradenton-Sarasota, FL also made the list at 43rd with a rental price of $2,320.00 a month.
One major effect on the Naples Rental market median price
The median just means the middle. Because the top end stuff is so expensive, and the bottom stuff, well, isn't too cheap either, the median tends to be higher. But that doesn't mean it's wrong. A modest 3 bedroom home with a pool, single story, under 2,000 square feet - is gonna rent at about $3,500 a month here. Double what you would have been paying on a mortgage if you bought that house 5 or so years ago. Hindsight, right?
So if the median is the middle, what homes are out there to rent in Naples?
12055 Keewaydin, Naples, FL 34113 - $154,000/mo
I've been to Keewaydin many times, this place is absolutely beautiful. But you can see with that price tag, it better be.
960 17th Ave S, Naples, FL 34102 - $135,000/mo
An infinity pool overlooking Naples Bay. They'll even let you have a small dog.
333 Gulf Shore Blvd S, Naples, FL 34102 - $120,000/mo
https://www.realtor.com/realestateandhomes-detail/333-Gulf-Shore-Blvd-S_Naples_FL_34102_M54891-33691
Absolutely insane. An infinity pool with a swim up bar. But 120K a month is a bit out of my range.
572 17th Ave S, Naples, FL 34102 - $105,000/mo
Features an office so you can work from home. I imagine at 105K a month you probably still need to put in some hours.
111 5th Ave S, Naples, FL 34102 - $105,000/mo
I think I've stayed at smaller hotels. That pool area is insane.
What about the low end, for the rest of us?
Well, don't expect no fancy 70 foot lap pools with these. This is Naples. Anything under 2K a month is probably going to fall into the "modular home" category. Let's have a look.
974 Valley Forge Dr, Naples, FL 34110 - $1,600/mo
55+ community. It is gated. And room for your golf cart.
1270 Jeronimo Dr, Naples, FL 34103 - $1,700/mo
The picture reminds me of an episode of "Cops" right before they break down the door.
2110 Oakes Blvd, Naples, FL 34119 - $1,800/mo
2 car garage and actually the location isn't bad. But you need $5,650 just to move in.
1375 Sperling Ln - $2,095/mo
At some point, someone chose that color green. Like, yeah, that's what I want.
34 Covey Ln Unit 34, Naples, FL 34114 - $2,495/mo
And that's what you can get for about $2,500 a month. Inflation, you know.
Other options?
Of course. This was just a look at single family homes for rent. Not duplexes, townhomes, apartments, or anything else like that. Those are all expensive in Naples, too. There's no way around it.
