$1,300 Per Month
- 1 Bed
- 1 Bath
- 528 Sq Ft
- Condo for Rent
16210 Wallace St Unit 7, Umatilla, FL 32784
Frequently Asked Questions
How much does it cost to rent a condo in Umatilla, FL?
The median rent for a condo in Umatilla, FL is $1,150 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Umatilla, FL?
To comfortably afford the median rent in Umatilla, FL, a household needs to earn roughly $58,000 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 $1,450 per month in Umatilla, FL, renters typically need to show $4,350 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 Umatilla, FL?
In Umatilla, FL, the price-to-rent ratio is 18.5, 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 Umatilla, FL are best for renting a condo?
The best neighborhood for renting in Umatilla, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Alaqua, Bear Lake, Greenwood Lakes and Spring Valley, each with its own character and price range.
