Margate, FL Rental Market Trends
Highlights
The average rent for an apartment in Margate is $1,537, a 3% increase compared to the previous year, when the average rent was $1,498.
Average Rent in Margate, FL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,537 | 3% | 988 sq. ft. |
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
- $701-$1,0001%
- $1,001-$1,50044%
- $1,501-$2,00053%
- > $2,0002%
Margate, FL Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
8,893 or 39% of the households in Margate, FL are renter-occupied while 13,437 or 60% are owner-occupied.
Margate, FL Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Margate, FL | $1,435 | $1,446 | $1,431 | $1,460 | $1,465 | $1,514 | $1,498 | $1,539 | $1,540 | $1,537 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Margate Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Jacksonville | $1,109 | 4% |
| Tampa | $1,359 | 5% |
| Miami | $1,702 | 2% |
| Homestead | $1,286 | 4% |
| Kissimmee | $1,365 | 2% |
| West Palm Beach | $1,481 | 4% |
| Fort Lauderdale | $2,018 | 5% |
| Boca Raton | $2,080 | 4% |
| Boynton Beach | $1,610 | 2% |
| Hialeah | $1,379 | 1% |
| Margate | $1,537 | 3% |
For more information about the Margate rental trends, check out our monthly rent report
Check out Florida Cities, Florida Neighborhoods and Florida Zip Codes for more details on verified listings, including the Florida Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!