Image via RENTCafé – Berkshire Coral Gables Apartments
Florida’s 14 Highest Apartment Rents by Zip Code in 2017 Are in the Southeast, Half of Top 10 are in Miami-Dade County
Using data collected by sister company, Yardi Matrix, RENTCafé assembled a list of the most expensive zip codes for renters in Florida. The Sunshine State has always been a renter-friendly location. Florida rentals cost on average $1,231/month, but with prices steadily growing in recent years, finding affordable apartments has become more difficult for the average renter.
Overall, the priciest apartments are concentrated in Southeast Florida. Miami-Dade County holds 19 of the state’s 50 most expensive zip codes. Not far behind, in second place, with 13 zip codes in the top 50, is Broward County. Palm Beach County takes third place with 10 of the most expensive zip codes.
As more and more luxury apartments in or near Downtown Miami hit the market, two zip codes earn top 2 positions on the list: 33146 in Coral Gables, with an average rent of $2,617/month and 33131 in Downtown Miami, where the average rent for an apartment is $2,590. Boca Raton in Palm Beach is third, with an average rent of $2,475/month in 33431. Fort Lauderdale takes spots 4 and 5 with zip codes 33301 and 33304, where apartment rents are on average $2,431 and $2,327, respectively. Fort Myers’ 33967 ranks highest in Southwest Florida, on position 15, as the most expensive zip code outside Southeast Florida with apartments renting for an average of $2,081.
Take a look at the complete list of Florida’s 50 most expensive zip codes on RENTCafé
Other Multifamily Trends Related Pages:
- Multifamily Sales Trends
- Multifamily Sector Reports for Cities in Miami-Dade County