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Orlando–Kissimmee–Sanford

Q2 2026
Rental Market Index

Orlando–Kissimmee–Sanford experienced rent declines of roughly 2% year-over-year in Q1 2026, with multifamily vacancy near 7.8% as new supply weighed on Class A communities while tourism and tech employment sustained underlying demand.

Historical Trends — 9 Quarters

Average asking rent ($/mo) and vacancy rate (%) — Q2 2024 through Q2 2026

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026$1,690$1,775$1,860$2,0200%4%8%15%
  • Vacancy %
  • Avg Rent

* Figures are modeled estimates based on Florida Realtors, Apartment List, RealPage, and Zillow ZORI data. Q2 2026 reflects preliminary estimates. For research and informational purposes only.

Orlando–Kissimmee–Sanford — Q1 2026 Rental Market Report

The Orlando MSA entered Q1 2026 in a period of measured softening, with rents declining approximately 2% year-over-year as a significant new apartment supply pipeline delivered across the metro. However, Orlando's diverse employment base — anchored by tourism, technology, healthcare, and defense — continues to underpin strong long-term demand.

Key Metrics — Q1 2026

  • Average monthly rent: ~$1,767 (agentsgather.com)
  • Year-over-year change: −1.99%
  • Multifamily vacancy: ~7.8% (occupancy ~92.2%, flalandlord.com)
  • Florida statewide change: −3.0% (Apartment List, March 2026)

Market Conditions

Lake Nona, Horizon West, and the Dr. Phillips corridor continue to attract strong demand from healthcare and tech workers. Kissimmee and tourist-corridor properties near I-4 are more competitive due to higher new supply concentration. Winter Park, College Park, and Maitland offer premium single-family rentals with strong demand from professionals. Concessions are most prevalent in large Class A communities in Lake Mary and downtown Orlando. Single-family rentals in desirable school zones remain in high demand.

Outlook for Landlords

Orlando's long-term growth trajectory — driven by continued corporate relocations, UCF expansion, and theme park investment — supports a positive outlook once current supply is absorbed. Rent recovery is expected by late 2026 to early 2027. Landlords should focus on operational efficiency and tenant retention.

Sources: agentsgather.com (2026), flalandlord.com (April 2026), Apartment List (March 2026), Florida Realtors, Florida Housing Data Clearinghouse.

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