Average Rent in Margate, FL

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Current Versus Historical Margate, FL Rents

Margate rentals average $1,600 for a 1-bedroom rental to $4,100 for a 4-bedroom rental. The median price of all currently available listings is $2,000, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $274 (-23.36%) year-over-year from $1,174 to $900. 1-bedroom rentals prices have decreased by $100 (-5.88%) year-over-year from $1,700 to $1,600. 2-bedroom rentals prices have increased by $33 (1.74%) year-over-year from $1,917 to $1,950. 3-bedroom rentals prices have increased by $115 (3.84%) year-over-year from $2,983 to $3,098. 4-bedroom rentals prices have increased by $675 (19.15%) year-over-year from $3,525 to $4,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 1.05% this month. 2-bedroom rents have gone down by 0.09% this month. 3-bedroom rents have gone down by 2.15% this month. 4-bedroom rents have gone up by 6.35% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.14	$1,600	$1,700 (-5.88%)	$1,357 (17.94%)
2 BR	$1.95	$1,950	$1,917 (1.74%)	$1,692 (15.27%)
3 BR	$2.27	$3,098	$2,983 (3.84%)	$2,668 (16.10%)
4+ BR	$2.06	$4,200	$3,525 (19.15%)	$3,135 (33.97%)

Historical Rents in Margate, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Margate

There are a total of 6 cities nearby Margate. The average rent in Margate is currently $2,125 per month. Only one city nearby has an average rent lower than that. Our records show that Lauderhill, FL, with an average rent of $1,950, is the most affordable city nearby. In contrast, the most expensive city near Margate, FL is North Lauderdale, FL. Monthly rents here are on average $2,450 per month.

Let's compare Margate, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Margate, FL is inf% more affordable than other cities nearby. One bedrooms are about 6.30% more affordable. Two bedrooms in Margate, FL are about 2.56% more affordable. Finally, rent for three bedrooms are about 7.26% more expensive. Want more information? Check out the top 6 cities near Margate, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Lauderhill, FL	$1,350	$1,500	$1,975	$1,950
Tamarac, FL	N/A	$1,650	$2,000	$2,075
Oakland Park, FL	$1,250	$1,690	$2,100	$2,100
Coral Springs, FL	$1,338	$1,713	$2,000	$2,150
Coconut Creek, FL	N/A	$1,763	$2,200	$2,300
North Lauderdale, FL	N/A	$1,712	$2,000	$2,450

Top Neighborhoods Near Margate

There are a total of 2 neighborhoods in or near Margate. We've included all of these top 2 neighborhoods in or near Margate, FL in the following chart.

The average rent for these 2 neighborhoods in or near Margate, FL is currently around $2,185 per month. Meaning, only two neighborhoods have a higher average rent than $2,185. Interestingly, the neighborhoods' average rent is higher than Margate's average rent, which is only $2,000. Out of all the neighborhoods in or near Margate, Oakland Park has the most affordable average rent at $2,100 per month. Whereas, at $2,270 average rent per month, Palm Aire is the most expensive neighborhood in or near Margate. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Oakland Park, FL	$1,250	$1,690	$2,100	$2,100
Palm Aire, Pompano Beach, FL	N/A	$1,625	$2,200	$2,270

Top Counties Near Margate

There are a total of 2 counties located by Margate, FL. The average rent for rentals in these counties is $2,475. That's roughly around $2 per sqft. The county that is the most affordable is Coral Springs-Margate, FL. It's average rent per month is $2,100. Vice versa, with an average rent of $2,850, Deerfield Beach, FL is the most expensive county by Margate, FL.

Typically, rent for studios in Margate, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Margate, FL is 10.47% more affordable than other counties nearby. Finally, rent for two bedrooms in Margate, FL is 11.54% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Coral Springs-Margate, FL	$1,325	$1,700	$2,000	$2,100
Deerfield Beach, FL	$1,410	$1,835	$2,350	$2,850

Top Zipcodes Near Margate

There are a total of 2 zipcodes in or near Margate, FL. The average rent for all of these zipcodes is $2,085.

The following chart includes the top 2 zipcodes in Margate, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33063, Margate, FL	N/A	$1,650	$2,025	$2,000
33351, Sunrise, FL	N/A	$1,745	$2,100	$2,170

Frequently Asked Questions - Margate Average Rents

What is the average rent price in Margate, FL?

The average monthly rental price for Margate, FL apartments for rent is approximately $2,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Margate, FL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Margate, FL.

How much is a studio apartment in Margate, FL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Margate.

How much is a one bedroom apartment in Margate, FL?

The average monthly rental price for one bedroom apartments is $1,600 and an average price per square feet of $2.14. There are a total of 21 one bedroom apartment listings currently available for rent in Margate.

How much is a two bedroom apartment in Margate, FL?

The average monthly rental price for two bedroom apartments is $1,950 and an average price per square feet of $1.95. There are a total of 63 two bedroom apartment listings currently available for rent in Margate.

How have rent prices in Margate, FL changed this year?

Rent prices for rentals in Margate, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.23%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Margate, FL?

A reasonable rent price in Margate, FL is around $1,600/month. You can search for these reasonably priced rental listings on RentHop.