Rent decreased or stayed the same in these South Florida cities. See the savings
Rents have decreased year-over-year by 1% to 15% in several cities across South Florida, according to the latest monthly Miami Metro report by online national rental listing company Zumper.
The company surveyed the median asking rents in November 2023 versus November 2022 for new listings in 29 of the most populated cities in Miami-Dade, Broward and Palm Beach counties. The listings consist of apartments, condos, houses and townhouses on Zumper and third-party sites, including the Multiple Listing Service.
KNOW MORE: Rent just decreased in Miami-area cities. Here’s why
Here’s what to know:
Here’s where rents decreased
Here are the cities with rent drops for one-bedroom rentals and two- bedroom residences and the median asking rents today:
One-bedroom rentals:
▪ Sunny Isles Beach: 14.4%, $2,500
▪ Plantation: 10.1%, $1,950
▪ Dania Beach: 10.1%, $1,780
▪ Weston: 9.1%, $2,000
▪ North Miami Beach: 6.4%, $1,760
▪ Fort Lauderdale: 5.7%, $2,000
▪ Doral: 5.3%, $2,330
▪ Miami Gardens: 5%, $1,510
▪ Miramar: 3.7%, $1,800
▪ Delray Beach: 3.3%, $2,050
▪ Miami: 2.3%, $2,600
▪ Pompano Beach: 2.2%, $1,800
▪ West Palm Beach: 1.7%, $1,740
▪ Deerfield Beach: 1.6%, $1,820
Two-bedroom rentals:
▪ Aventura: 14.5%, $3,360
▪ North Miami: 10.4%, $2,500
▪ Fort Lauderdale: 5.7%, $2,800
▪ Miramar: 4.2%, $2,300
▪ Dania Beach: 3.1%, $2,470
▪ Deerfield Beach: 2.1%, $2,350
▪ Lake Worth: 2.1%, $2,290
▪ Pembroke Pines: 2%, $2,400
▪ Weston: 1.9%, $2,600
▪ Delray Beach: 1.1%, $2,620
Here’s where rents stayed about the same
Asking rents stayed flat (less than a 1% change) in these cities:
One-bedroom rentals:
▪ Miami Beach: 0%, $2,500
▪ Aventura: 0%, $2,400
▪ Homestead: 0%, $1,650
▪ Coral Springs: 0%, $1,750
▪ Hallandale Beach: 0.5%, $2,080
▪ Oakland Park: 0.6%, $1,750
Two-bedroom rentals:
▪ West Palm Beach: 0%, $2,280
▪ Miami: 0.6%, $3,500
▪ Doral: 0%, $2,900
▪ Coral Springs: 0%, $2,000
▪ Davie: 0.4%, $2,300
▪ Oakland Park: 0.5%, $2,170
▪ Plantation: 0.8%, $2,410
This story was originally published December 18, 2023 at 12:15 PM.
