$2,000 Per Month
- 2 Beds
- 2.5 Baths
- 1,280 Sq Ft
- Townhouse for Rent
4723 Somerset Hill Ln, Riverview, FL 33578
4723 Somerset Hill Ln, Riverview, FL 33578
Frequently Asked Questions
How much does it cost to rent a home in Palm River-Clair Mel, FL?
The median rent for a home in Palm River-Clair Mel, FL is $2,530 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Palm River-Clair Mel, FL?
To comfortably afford the median rent in Palm River-Clair Mel, FL, a household needs to earn roughly $101,200 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 $2,530 per month in Palm River-Clair Mel, FL, renters typically need to show $7,590 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 Palm River-Clair Mel, FL?
In Palm River-Clair Mel, FL, the price-to-rent ratio is 14.0, 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 Palm River-Clair Mel, FL are best for renting a home?
The best neighborhood for renting in Palm River-Clair Mel, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Great Palm River Point, Palmetto Beach, East Lake-Orient Park, Grant Park and Ybor City, each with its own character and price range.
