Margate, FL Rental Market Trends
What is the average rent in Margate?
The average rent for an apartment in Margate is $1,596, a 4% increase compared to the previous year, when the average rent was $1,537. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Miami, FL.
Average Rent in Margate, FL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,596||4%||988 sq. ft.|
What is the average apartment size in Margate?
The average size for a Margate, FL apartment is 988 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Margate, FL Apartment Rent Ranges
- > $2,0007%
Margate, FL Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
9,696 or 41% of the households in Margate, FL are renter-occupied while 13,610 or 58% are owner-occupied.
Margate, FL Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Apr / 2021|
How Margate Compares to Other Cities
|Average Rent||Y-o-Y Change|
|West Palm Beach||$1,601||8%|