$1,595 Per Month
- 2 Beds
- 2 Baths
- 1,002 Sq Ft
- Condo for Rent
524 Orange Dr Unit 21, Altamonte Springs, FL 32701
524 Orange Dr Unit 21, Altamonte Springs, FL 32701
Frequently Asked Questions
How much does it cost to rent a condo in Altamonte Springs, FL?
The median rent for a condo in Altamonte Springs, FL is $1,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Altamonte Springs, FL?
To comfortably afford the median rent in Altamonte Springs, FL, a household needs to earn roughly $65,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,647 per month in Altamonte Springs, FL, renters typically need to show $4,941 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Altamonte Springs, FL?
In Altamonte Springs, FL, the price-to-rent ratio is 15.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Altamonte Springs, FL are best for renting a condo?
The best neighborhood for renting in Altamonte Springs, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Spring Valley, Bear Lake, Lake Howell, Rosemont and Greenwood Lakes, each with its own character and price range.
