Apartment Rents Rising Fast in Many Florida Cities

TAMPA -- Rents keep rising in Florida.

Apartment Guide says the cost of a one bedroom went up more than 11 percent statewide last year. Managing editor Brian Canberry says builders are focusing on luxury units.

In Miami, the cost of a one-bedroom went up 21.7 percent, compared to 19.9 percent in St Pete. For studio apartments, St Pete saw a 28.5% increase, while Tampa saw a 13.4 percent uptick.

Read more about Florida's rising apartment rents here:

Listen to an interview with Brian Canberry here:

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