Average Rent in Kendall-Palmetto Bay, FL

Current Versus Historical Kendall-Palmetto Bay, FL Rents

Kendall-Palmetto Bay rentals average $2,000 for a studio rental to $10,250 for a 4-bedroom rental. The median price of all currently available listings is $3,675, or roughly $3 per square feet.

For the apartment units and housing in June 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $951 (-44.21%) year-over-year from $2,151 to $1,200. 1-bedroom rentals prices have decreased by $38 (-1.84%) year-over-year from $2,038 to $2,000. 2-bedroom rentals prices have increased by $78 (3.02%) year-over-year from $2,572 to $2,650. 3-bedroom rentals prices have increased by $142 (4.04%) year-over-year from $3,508 to $3,650. 4-bedroom rentals prices have decreased by $230 (-2.75%) year-over-year from $8,355 to $8,125. 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 25.77% this month. 1-bedroom rents have gone up by 0.84% this month. 2-bedroom rents have gone up by 3.92% this month. 3-bedroom rents have gone up by 2.82% this month. 4-bedroom rents have gone up by 3.17% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.72	$1,200	$2,151 (-44.21%)	$1,856 (-35.34%)
1 BR	$2.97	$2,000	$2,038 (-1.84%)	$1,571 (27.32%)
2 BR	$2.59	$2,650	$2,572 (3.02%)	$2,008 (31.95%)
3 BR	$2.67	$3,650	$3,508 (4.04%)	$3,015 (21.06%)
4+ BR	$3.40	$8,125	$8,355 (-2.75%)	$7,681 (5.78%)

Historical Rents in Kendall-Palmetto Bay, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Kendall-Palmetto Bay

There are a total of 16 cities nearby Kendall-Palmetto Bay. The average rent in Kendall-Palmetto Bay is currently $3,100 per month. A total of 9 cities nearby have an average rent lower than that. Our records show that Kendall West, FL, with an average rent of $2,500, is the most affordable city nearby. In contrast, the most expensive city near Kendall-Palmetto Bay, FL is Pinecrest, FL. Monthly rents here are on average $9,500 per month.

Let's compare Kendall-Palmetto Bay, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Kendall-Palmetto Bay, FL is 70.63% more expensive than other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Kendall-Palmetto Bay, FL are about 3.77% more expensive. Finally, rent for three bedrooms are about 5.14% more affordable. Want more information? Check out the top 10 cities out of 16 total cities near Kendall-Palmetto Bay, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Fountainebleau, FL	N/A	$2,050	$2,500	$2,550
The Hammocks, FL	$1,650	$2,000	$2,500	$2,700
Kendall, FL	N/A	$2,000	$2,550	$2,800
Glenvar Heights, FL	N/A	$2,000	$3,000	$3,000
South Miami, FL	$1,948	$2,075	$2,945	$3,050
Cutler Bay, FL	N/A	$1,525	$2,400	$3,150
Coral Gables, FL	$2,100	$2,500	$3,580	$5,000
Palmetto Bay, FL	N/A	$1,800	$2,000	$6,250
Key Biscayne, FL	$14,200	$3,675	$6,850	$8,250
Pinecrest, FL	N/A	$2,000	$2,500	$9,500

Top Neighborhoods Near Kendall-Palmetto Bay

There are a total of 23 neighborhoods in or near Kendall-Palmetto Bay. Some of these neighborhoods include Flamingo - Lummus, East Little Havana, and West Little Havana. We've included all of these top 23 neighborhoods in or near Kendall-Palmetto Bay, FL in the following chart.

The average rent for these 23 neighborhoods in or near Kendall-Palmetto Bay, FL is currently around $3,559 per month. A total of 13 neighborhoods have a lower average rent. Meaning, only ten neighborhoods have a higher average rent than $3,559. Out of all the neighborhoods in or near Kendall-Palmetto Bay, Flamingo - Lummus has the most affordable average rent at $2,200 per month. Whereas, at $9,500 average rent per month, Pinecrest is the most expensive neighborhood in or near Kendall-Palmetto Bay. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,200	$3,650	$2,200
East Little Havana, Miami, FL	$1,650	$1,850	$2,550	$2,375
West Little Havana, Miami, FL	$1,550	$1,800	$2,695	$2,473
Flagami, Miami, FL	$1,500	$1,998	$2,550	$2,500
Princeton, FL	N/A	$1,650	$2,550	$2,900
Glenvar Heights, FL	N/A	$2,000	$3,000	$3,000
South Miami, FL	$1,948	$2,075	$2,945	$3,100
City Center, Miami Beach, FL	$2,600	$3,200	$7,000	$3,200
Cutler Bay, FL	N/A	$1,525	$2,400	$3,200
Coral Way, Miami, FL	$1,750	$2,200	$3,150	$3,400
Media and Entertainment District, Miami, FL	$2,525	$3,165	$4,250	$3,500
West Avenue, Miami Beach, FL	$2,375	$3,055	$4,800	$3,559
Downtown Miami, Miami, FL	$2,550	$3,000	$4,200	$3,600
Wynwood, Miami, FL	$2,700	$3,500	$5,000	$4,000
Brickell, Miami, FL	$2,900	$3,500	$4,950	$4,400
Edgewater, Miami, FL	$2,000	$3,200	$5,500	$5,200
Park West, Miami, FL	$3,975	$4,000	$5,850	$5,800
Bayshore, Miami Beach, FL	$1,999	$2,925	$6,100	$6,398
Palmetto Bay, FL	N/A	$1,800	$2,000	$6,500
South Pointe, Miami Beach, FL	$1,875	$3,650	$8,250	$7,200
Village of Key Biscayne, Key Biscayne, FL	$14,200	$3,675	$6,850	$8,250
Northeast Coconut Grove, Miami, FL	$2,300	$2,700	$8,075	$8,500
Pinecrest, FL	N/A	$2,000	$2,500	$9,500

Top Counties Near Kendall-Palmetto Bay

There are a total of 23 counties located by Kendall-Palmetto Bay, FL. Some of these counties include Princeton-Goulds, FL, Kendale Lakes-Tamiami, FL, and North Westside, FL. The average rent for rentals in these counties is $3,450. That's roughly around $2 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Princeton-Goulds, FL. It's average rent per month is $2,850. Vice versa, with an average rent of $8,250, Key Biscayne, FL is the most expensive county by Kendall-Palmetto Bay, FL.

Typically, rent for studios in Kendall-Palmetto Bay, FL is 37.50% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Kendall-Palmetto Bay, FL is 5.00% more expensive than other counties nearby. Finally, rent for two bedrooms in Kendall-Palmetto Bay, FL is 5.66% more expensive than other counties nearby. We've listed the top 5 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Princeton-Goulds, FL	$1,200	$1,625	$2,300	$2,850
Kendale Lakes-Tamiami, FL	$1,250	$1,900	$2,500	$3,000
North Westside, FL	$2,200	$2,250	$2,700	$3,450
South Westside, FL	$1,250	$1,750	$2,400	$3,775
Key Biscayne, FL	$14,200	$3,675	$6,850	$8,250

Top Zipcodes Near Kendall-Palmetto Bay

There are a total of 31 zipcodes in or near Kendall-Palmetto Bay, FL. The average rent for all of these zipcodes is $3,400. A total of 19 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33135, Miami, FL at $2,200 per month. In comparison, the zipcode with the most expensive average rent of $8,250 per month is 33149, Key Biscayne, FL.

Studios in these zipcodes have an average rent of $1,750. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Kendall-Palmetto Bay, FL is $2,056 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,875 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in Kendall-Palmetto Bay, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33139, Miami Beach, FL	$2,325	$2,963	$6,800	$3,750
33131, Miami, FL	$2,918	$3,475	$5,000	$4,300
33132, Miami, FL	$2,600	$3,300	$4,500	$3,950
33140, Miami Beach, FL	$2,500	$3,050	$4,400	$4,500
33137, Miami, FL	$2,350	$3,200	$5,200	$4,772
33130, Miami, FL	$2,550	$3,100	$4,200	$3,700
33133, Miami, FL	$2,400	$2,500	$4,350	$6,400
33149, Key Biscayne, FL	$14,200	$3,675	$6,850	$8,250
33032, Princeton, FL	$1,300	$1,600	$2,263	$2,850
33134, Coral Gables, FL	$2,100	$2,300	$3,250	$3,600

Frequently Asked Questions - Kendall-Palmetto Bay Average Rents

What is the average rent price in Kendall-Palmetto Bay, FL?

The average monthly rental price for Kendall-Palmetto Bay, FL apartments for rent is approximately $3,675. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Kendall-Palmetto Bay, 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 Kendall-Palmetto Bay, FL.

How much is a studio apartment in Kendall-Palmetto Bay, FL?

The average monthly rental price for studio apartments is $2,000 and an average price per square feet of $4.72. There are a total of 4 studio apartment listings currently available for rent in Kendall-Palmetto Bay.

How much is a one bedroom apartment in Kendall-Palmetto Bay, FL?

The average monthly rental price for one bedroom apartments is $2,000 and an average price per square feet of $2.97. There are a total of 75 one bedroom apartment listings currently available for rent in Kendall-Palmetto Bay.

How much is a two bedroom apartment in Kendall-Palmetto Bay, FL?

The average monthly rental price for two bedroom apartments is $2,650 and an average price per square feet of $2.59. There are a total of 81 two bedroom apartment listings currently available for rent in Kendall-Palmetto Bay.

How have rent prices in Kendall-Palmetto Bay, FL changed this year?

Rent prices for rentals in Kendall-Palmetto Bay, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.44%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Kendall-Palmetto Bay, FL?

A reasonable rent price in Kendall-Palmetto Bay, FL is around $2,940/month. You can search for these reasonably priced rental listings on RentHop.