Redfin: Tariffs could reverse declining Tampa Bay rents
April 15, 2025 - According to Redfin, the average monthly rent price in Tampa Bay was $1,793 in March, a .2% year-over-year decrease. The national median asking price fell by .6%, representing 13 consecutive months of relatively stable rents. However, the real estate platform's economists warn that new tariffs on building materials could increase construction costs, hinder new development, increase demand and cause rents to spike.