Average Rent in 33063, Margate, FL

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Current Versus Historical 33063, Margate, FL Rents

33063 rentals average $1,650 for a 1-bedroom rental to $4,150 for a 4-bedroom rental. The median price of all currently available listings is $1,900, or roughly $2 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $2,364 (-63.65%) year-over-year from $3,714 to $1,350. 1-bedroom rentals prices have decreased by $17 (-1.00%) year-over-year from $1,667 to $1,650. 2-bedroom rentals prices have increased by $96 (5.03%) year-over-year from $1,904 to $2,000. 3-bedroom rentals prices have decreased by $350 (-11.11%) year-over-year from $3,150 to $2,800. 4-bedroom rentals prices have increased by $752 (24.68%) year-over-year from $3,048 to $3,800. 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 3.28% this month. 1-bedroom rents have gone down by 1.74% this month. 2-bedroom rents have gone down by 4.38% this month. 3-bedroom rents have gone down by 6.61% this month. 4-bedroom rents have gone down by 7.33% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.22 $1,650 $1,667 (-1.00%) $1,292 (27.74%)
2 BR $2.03 $2,000 $1,904 (5.03%) $1,547 (29.31%)
3 BR $2.16 $2,800 $3,150 (-11.11%) $2,375 (17.90%)
4+ BR $1.79 $3,800 $3,048 (24.68%) $2,545 (49.29%)

Historical Rents in 33063, Margate, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 33063

There are a total of 7 cities nearby 33063. The average rent in 33063 is currently $2,100 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Lauderdale Lakes, FL, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near 33063, Margate, FL is Coconut Creek, FL. Monthly rents here are on average $2,313 per month.

Let's compare 33063, Margate, FL's rent against other top cities nearby by bedroom size. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in 33063, Margate, FL are about 2.44% more expensive. Finally, rent for three bedrooms are about 6.45% more expensive. Want more information? Check out the top 7 cities near 33063, Margate, FL in the following chart.
City Studio 1 Bed 2 Bed All
Lauderdale Lakes, FL N/A $1,500 $1,825 $1,700
Margate, FL N/A $1,650 $2,000 $1,870
Lauderhill, FL $1,550 $1,600 $2,000 $2,000
Tamarac, FL N/A $1,625 $2,075 $2,100
Oakland Park, FL $1,475 $1,725 $2,200 $2,200
Coral Springs, FL N/A $1,725 $2,000 $2,300
Coconut Creek, FL N/A $1,795 $2,200 $2,313

Top Neighborhoods Near 33063

There are a total of 2 neighborhoods in or near 33063. We've included all of these top 2 neighborhoods in or near 33063, Margate, FL in the following chart.

The average rent for these 2 neighborhoods in or near 33063, Margate, FL is currently around $2,213 per month. Meaning, only two neighborhoods have a higher average rent than $2,213. Interestingly, the neighborhoods' average rent is higher than 33063's average rent, which is only $1,900. Out of all the neighborhoods in or near 33063, Palm Aire has the most affordable average rent at $2,200 per month. Whereas, at $2,225 average rent per month, Oakland Park is the most expensive neighborhood in or near 33063. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Palm Aire, Pompano Beach, FL N/A $1,790 $2,100 $2,200
Oakland Park, FL $1,475 $1,725 $2,200 $2,225

Top Counties Near 33063

There are a total of 2 counties located by 33063, Margate, FL. The average rent for rentals in these counties is $2,775. 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 $2,150. Vice versa, with an average rent of $3,400, Deerfield Beach, FL is the most expensive county by 33063, Margate, FL.

Typically, rent for studios in 33063, Margate, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 33063, Margate, FL is 6.82% more affordable than other counties nearby. Finally, rent for two bedrooms in 33063, Margate, FL is 7.32% 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 N/A $1,700 $2,000 $2,150
Deerfield Beach, FL $1,650 $1,825 $2,400 $3,400

Top Zipcodes Near 33063

There are a total of 9 zipcodes in or near 33063, Margate, FL. The average rent for all of these zipcodes is $2,200.

The following chart includes the top 9 zipcodes in 33063, Margate, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
33065, Coral Springs, FL N/A $1,700 $2,000 $2,100
33069, Pompano Beach, FL N/A $1,785 $2,100 $2,200
33313, Lauderhill, FL N/A $1,500 $1,875 $1,900
33309, Tamarac, FL N/A $1,725 $2,200 $2,200
33319, Tamarac, FL $1,550 $1,663 $2,000 $2,000
33321, Tamarac, FL N/A $1,600 $2,100 $2,198
33071, Coral Springs, FL N/A $1,700 $1,998 $2,200
33351, Sunrise, FL N/A $1,750 $2,185 $2,285
33322, Sunrise, FL N/A $1,800 $2,100 $2,250

Frequently Asked Questions - 33063 Average Rents

What is the average rent price in 33063, Margate, FL?
The average monthly rental price for 33063, Margate, FL apartments for rent is approximately $1,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 33063, 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 33063, Margate, FL.
How much is a studio apartment in 33063, 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 33063.
How much is a one bedroom apartment in 33063, Margate, FL?
The average monthly rental price for one bedroom apartments is $1,650 and an average price per square feet of $2.22. There are a total of 28 one bedroom apartment listings currently available for rent in 33063.
How much is a two bedroom apartment in 33063, Margate, FL?
The average monthly rental price for two bedroom apartments is $2,050 and an average price per square feet of $2.03. There are a total of 38 two bedroom apartment listings currently available for rent in 33063.
How have rent prices in 33063, Margate, FL changed this year?
Rent prices for rentals in 33063, Margate, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.64%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by -0.11% year-over-year.
What is a reasonable rent price in 33063, Margate, FL?
A reasonable rent price in 33063, Margate, FL is around $1,520/month. You can search for these reasonably priced rental listings on RentHop.
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