$1,800 Per Month
- 3 Beds
- 2 Baths
- 1,370 Sq Ft
- Condo for Rent
1701 Pelican Cove Rd Unit GL359, Sarasota, FL 34231
1701 Pelican Cove Rd Unit GL359, Sarasota, FL 34231
Frequently Asked Questions
How much does it cost to rent a home in Sarasota, FL?
The median rent for a home in Sarasota, FL is $3,000 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 $120,000 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 $3,000 per month in Sarasota, FL, renters typically need to show $9,000 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 14.4, 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 home?
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 home include Downtown Sarasota, Amaryllis Park, Hudson Bayou, Southside and Indian Beach-Sapphire Shores, each with its own character and price range.
