$1,800 Per Month
- 2 Beds
- 2 Baths
- 1,211 Sq Ft
- Condo for Rent
1508 Pelican Cove Rd Unit GR232, Sarasota, FL 34231
1508 Pelican Cove Rd Unit GR232, Sarasota, FL 34231
Frequently Asked Questions
How much does it cost to rent a condo in Sarasota, FL?
The median rent for a condo in Sarasota, FL is $2,350 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Sarasota, FL?
To comfortably afford the median rent in Sarasota, FL, a household needs to earn roughly $128,000 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 $3,200 per month in Sarasota, FL, renters typically need to show $9,600 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 Sarasota, FL?
In Sarasota, FL, the price-to-rent ratio is 13.5, 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 Sarasota, FL are best for renting a condo?
The best neighborhood for renting in Sarasota, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Downtown Sarasota, Bayou Oaks, Southside, Southgate and Lido Key, each with its own character and price range.
