- Apartment rents in Coral Gables zip 33146 are the highest in the State of Florida
- 42 of the state’s top 50 zip codes with the most expensive apartments are in Southeast Florida
- 18 Florida zip codes have average rents above $2,000/month
A sought-after location for renters of all ages, the Sunshine State has an average apartment rent of $1,231/month, less the national average, yet, the most expensive of all the Southern states, according to data provided by Yardi Matrix. With average rents above $2,000/month in as many as 18 zip codes, some parts of Florida are proving to be out of reach for the average renter.
Here are Florida’s top 50 priciest zip codes to rent in right now. Use the table to sort by zip code, city, county, or to find the price of rent in your location by typing in the search box:
Top Most Expensive Zip Codes in Florida in 2017
# Zip Code City County Average Rent 1 33146 Coral Gables Miami-Dade $2,617 2 33131 Miami Miami-Dade $2,590 3 33431 Boca Raton Palm Beach $2,475 4 33301 Fort Lauderdale Broward $2,431 5 33304 Fort Lauderdale Broward $2,327 6 33130 Miami Miami-Dade $2,218 7 33139 Miami Beach Miami-Dade $2,204 8 33487 Boca Raton Palm Beach $2,197 9 33145 (Tie) Miami Miami-Dade $2,175 10 33316 (Tie) Fort Lauderdale Broward $2,175 11 33432 Boca Raton Palm Beach $2,148 12 33178 Doral Miami Dade $2,097 13 33143 Miami Miami-Dade $2,092 14 33180 Aventura Miami-Dade $2,089 15 33967 Fort Myers Lee $2,081 16 33132 Miami Miami-Dade $2,043 17 33483 Delray Beach Palm Beach $2,030 18 33701 St. Petersburg Pinellas $2,006 19 33174 Miami Miami-Dade $1,977 20 33028 Pembroke Pines Broward $1,967 21 33134 Coral Gables Miami-Dade $1,908 22 33326 Fort Lauderdale Broward $1,907 23 33137 Miami Miami-Dade $1,893 24 33602 Tampa Hillsborough $1,868 25 33305 Wilton Manors Broward $1,851 26 33141 Miami Beach Miami-Dade $1,849 27 33160 North Miami Beach Miami-Dade $1,828 28 33323 Sunrise Broward $1,821 29 33328 Fort Lauderdale Broward $1,813 30 33129 Miami Miami-Dade $1,800 31 33325 Fort Lauderdale Broward $1,780 32 33606 Tampa Hillsborough $1,734 33 33418 Palm Beach Gardens Palm Beach $1,725 34 33446 Delray Beach Palm Beach $1,720 35 32826 Orlando Orange $1,715 36 33156 Miami Miami-Dade $1,702 37 33166 Miami Springs Miami-Dade $1,693 38 33445 Delray Beach Palm Beach $1,688 39 33314 Fort Lauderdale Broward $1,684 40 33428 Boca Raton Palm Beach $1,681 41 33138 Miami Miami-Dade $1,675 42 32814 Orlando Orange $1,673 43 33025 Miramar Broward $1,671 44 33414 Wellington Palm Beach $1,669 45 33435 Boynton Beach Palm Beach $1,663 46 33144 Miami Miami-Dade $1,654 47 33073 Pompano Beach Broward $1,650 48 32801 Orlando Orange $1,643 49 33133 Miami Miami-Dade $1,642 50 33071 Pompano Beach Broward $1,635
Southeast Florida is the most expensive in the Sunshine State
As expected, rental apartments in Southeast Florida come with the highest price tags. Miami-Dade County has the greatest number of pricey zip codes in the top, 19, followed by Broward County with 13 expensive zip codes, and Palm Beach County with 10 of the top 50 most expensive zips.
An abundance of luxury apartments in or near Downtown Miami earned these 2 zip codes top spots: 33146 in affluent Coral Gables has the highest rents in the entire state with the average rent of $2,617/month, a price that increased 6% since the same time last year; and 33131 in Downtown Miami, where the average monthly cost for an apartment is $2,590, 1% lower than a year before.
Many wealthy residents call Boca Raton home, making it the state’s third most expensive rental market, with an average price of $2,475 in zip code 33431. Rates here increased by a hefty 8% since the same time last year. Another Boca zip code — 33487 — climbed to the top 10, after rents skyrocketed 13% since last year, reaching $2,197/month.
- Some rich and famous (or famously rich) zip codes, like 33133 (Coconut Grove in Miami) or 33480 (Palm Beach) are not at the top of this list, but not because they aren’t expensive, rather because they aren’t primarily apartment rental communities. In those zip codes, homes for sale and single-family homes for rent are predominant, while this report focuses exclusively on apartment rents.
Fort Lauderdale gives Miami a run for its money
Fort Lauderdale rounds up the top 5. Renting on Las Olas Boulevard, on the Intracoastal, or within walking distance the beach does not come cheap, as apartments in zip codes 33301 (Downtown Fort Lauderdale) and 33304 (encompassing Fort Lauderdale Beach) demand on average $2,431 and $2,327, respectively, per month. Also in the top 10 is 33316 in Fort Lauderdale, with an average rent of $2,175, tying up Miami’s 33145.
To get out of Southeast Florida, you have to scroll down to no. 15, Fort Myers’ 33967, where renting costs on average $2,081, and to no. 18, St. Petersburg’s 33701, where apartments cost on average $2,006/month.
See how Florida’s most expensive rents compare to the other states by browsing the interactive map below. You can also hover over the colored bar at the bottom to find out which other states have rents in the same price range as Florida.
- Data compilation, analysis, and mapping done by RENTCafé using rent and construction data provided by Yardi Matrix, a RENTCafé sister company. Yardi Matrix is a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors.
- The average rent used in this article was calculated from the actual rents charged in apartment buildings with at least 50 rental units, located in 125 U.S. markets, totaling approximately 15 million apartment units.
- Zip codes with less than 200 rental units and less than 3 properties were excluded.
- Rent prices are for apartments only, no single-family homes or townhomes were included.
- In zip codes covering more than one city, only the primary city designated by the USPS was named.
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