Homestead, FL Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Homestead is $1,984, a 0.92% increase compared to the previous year, when the average rent was $1,966.
Studio Apartments at $1,107 offer the most budget-friendly option with 344 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 696 square feet for $1,738, balancing privacy and affordability.
Two-beedroom units at $2,041 offer 970 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,312 sq ft) for $2,291, suitable for larger households.
Average rent in Homestead, FL
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,984 | 947 sq. ft. |
| Studio | $1,107 | 344 sq. ft. |
| 1 Bed | $1,738 | 696 sq. ft. |
| 2 Beds | $2,041 | 970 sq. ft. |
| 3 Beds | $2,291 | 1,312 sq. ft. |
Homestead, FL rent trends
Rental prices in Homestead, FL have increased by 0.92% over the past year. The average rent moved from $1,966 to $1,984.
What's the typical rent budget in Homestead, FL?
The largest share of rentals in Homestead, FL (43%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Homestead, FL?
13,980 or 55% of the households in Homestead, FL are renter-occupied while 11,447 or 45% are owner-occupied.
Most affordable neighborhoods in Homestead?
Diamond Park - Fairlawn Park $1,645/month
Florida City $2,015/month
Florence At Crystal Lakes $2,126/month
All of these neighborhoods fall below the city wide average of $1,984/month.Average Rent in Homestead, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Keys Garden | $2,435 |
| Florence At Crystal Lakes | $2,126 |
| Florida City | $2,015 |
| Diamond Park - Fairlawn Park | $1,645 |
/
Homestead | Rent Comparison by Neighborhood
Rent in Diamond Park - Fairlawn Park is 23% lower than in Florence At Crystal Lakes
$1,645
Diamond Park - Fairlawn Park rent is 17% lower than Homestead average
Average Rent
$1,645
$2,126
Florence At Crystal Lakes rent is 7% higher than Homestead average
Average Rent
$2,126
How Homestead Compares to Other Cities
| City | Average Rent |
|---|---|
| Homestead | $1,984 |
| Miami | $2,721 |
| Jacksonville | $1,495 |
| Tampa | $2,009 |
| Kissimmee | $1,821 |
| Fort Myers | $1,758 |
| Orlando | $1,802 |
| Cape Coral | $1,705 |
| Fort Lauderdale | $2,727 |
| St. Petersburg | $2,028 |
| West Palm Beach | $2,407 |
| Miami Beach | $3,305 |
| Hialeah | $2,197 |
| Doral, FL | $2,839 |
| Miami Gardens, FL | $1,969 |
| North Miami Beach, FL | $2,561 |
| Coral Gables, FL | $4,073 |
| North Miami, FL | $2,376 |
| Miramar, FL | $2,591 |
| Pembroke Pines, FL | $2,377 |
| Hallandale Beach, FL | $3,109 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Homestead apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.