Average Rent in 33157, Palmetto Bay, FL

Current Versus Historical 33157, Palmetto Bay, FL Rents

33157 rentals average $1,625 for a 1-bedroom rental to $6,000 for a 4-bedroom rental. The median price of all currently available listings is $3,650, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $245 (9.56%) year-over-year from $2,567 to $2,812. 1-bedroom rentals prices have decreased by $67 (-4.00%) year-over-year from $1,667 to $1,600. 2-bedroom rentals prices have increased by $50 (2.24%) year-over-year from $2,250 to $2,300. 3-bedroom rentals prices have increased by $373 (11.94%) year-over-year from $3,127 to $3,500. 4-bedroom rentals prices have decreased by $167 (-2.70%) year-over-year from $6,167 to $6,000. 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 up by 23.62% this month. 1-bedroom rents have gone down by 5.88% this month. 2-bedroom rents have gone up by 2.99% this month. 3-bedroom rents have gone up by 3.96% this month. 4-bedroom rents have gone down by 0.28% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.48	$1,600	$1,667 (-4.00%)	$1,375 (16.36%)
2 BR	$2.42	$2,300	$2,250 (2.24%)	$1,400 (64.29%)
3 BR	$2.24	$3,500	$3,127 (11.94%)	$2,320 (50.86%)
4+ BR	$2.24	$6,000	$6,167 (-2.70%)	$4,633 (29.50%)

Historical Rents in 33157, Palmetto Bay, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 33157

There are a total of 5 cities nearby 33157. The average rent in 33157 is currently $4,499 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Cutler Bay, FL, with an average rent of $2,900, is the most affordable city nearby. In contrast, the most expensive city near 33157, Palmetto Bay, FL is Pinecrest, FL. Monthly rents here are on average $8,000 per month.

Let's compare 33157, Palmetto Bay, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 23.08% more affordable. Two bedrooms in 33157, Palmetto Bay, FL are about 8.70% more affordable. Finally, rent for three bedrooms are about 45.71% more affordable. Want more information? Check out the top 5 cities near 33157, Palmetto Bay, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Cutler Bay, FL	N/A	$1,725	$2,450	$2,900
Kendall, FL	N/A	$2,000	$2,500	$2,963
Coral Gables, FL	$1,950	$2,400	$3,806	$4,499
Palmetto Bay, FL	N/A	$1,800	$2,300	$6,000
Pinecrest, FL	N/A	$2,000	$2,525	$8,000

Top Neighborhoods Near 33157

There are a total of 3 neighborhoods in or near 33157. Some of these neighborhoods include Cutler Bay, Palmetto Bay, and Pinecrest. We've included all of these top 3 neighborhoods in or near 33157, Palmetto Bay, FL in the following chart.

The average rent for these 3 neighborhoods in or near 33157, Palmetto Bay, FL is currently around $5,800 per month. A total of one neighborhood has a lower average rent. Meaning, only two neighborhoods have a higher average rent than $5,800. Interestingly, the neighborhoods' average rent is higher than 33157's average rent, which is only $3,650. Out of all the neighborhoods in or near 33157, Cutler Bay has the most affordable average rent at $3,000 per month. Whereas, at $8,000 average rent per month, Pinecrest is the most expensive neighborhood in or near 33157. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Cutler Bay, FL	N/A	$1,725	$2,450	$3,000
Palmetto Bay, FL	N/A	$1,800	$2,300	$5,800
Pinecrest, FL	N/A	$2,000	$2,525	$8,000

Top Counties Near 33157

There are a total of 3 counties located by 33157, Palmetto Bay, FL. The average rent for rentals in these counties is $3,775. That's roughly around $3 per sqft. The county that is the most affordable is Kendall-Palmetto Bay, FL. It's average rent per month is $3,775. Vice versa, with an average rent of $3,775, Kendall-Palmetto Bay, FL is the most expensive county by 33157, Palmetto Bay, FL.

Typically, rent for studios in 33157, Palmetto Bay, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 33157, Palmetto Bay, FL is 23.08% more affordable than other counties nearby. Finally, rent for two bedrooms in 33157, Palmetto Bay, FL is 13.04% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Kendall-Palmetto Bay, FL	$1,850	$2,000	$2,600	$3,775

Top Zipcodes Near 33157

There are a total of 4 zipcodes in or near 33157, Palmetto Bay, FL. The average rent for all of these zipcodes is $2,975. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33176, Kendall, FL at $2,500 per month. In comparison, the zipcode with the most expensive average rent of $4,800 per month is 33156, Pinecrest, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 33157, Palmetto Bay, FL is $1,925 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,463 per month. Which comes out to $3 per sqft. The following chart includes the top 4 zipcodes in 33157, Palmetto Bay, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33156, Pinecrest, FL	N/A	$2,475	$2,988	$4,800
33186, The Hammocks, FL	N/A	$1,900	$2,525	$3,000
33176, Kendall, FL	N/A	$1,950	$2,400	$2,500
33177, South Miami Heights, FL	N/A	$1,500	$2,250	$2,950

Frequently Asked Questions - 33157 Average Rents

What is the average rent price in 33157, Palmetto Bay, FL?

The average monthly rental price for 33157, Palmetto Bay, FL apartments for rent is approximately $3,650. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 33157, 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 33157, Palmetto Bay, FL.

How much is a studio apartment in 33157, Palmetto Bay, 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 33157.

How much is a one bedroom apartment in 33157, Palmetto Bay, FL?

The average monthly rental price for one bedroom apartments is $1,625 and an average price per square feet of $2.48. There are a total of 10 one bedroom apartment listings currently available for rent in 33157.

How much is a two bedroom apartment in 33157, Palmetto Bay, FL?

The average monthly rental price for two bedroom apartments is $2,300 and an average price per square feet of $2.42. There are a total of 18 two bedroom apartment listings currently available for rent in 33157.

How have rent prices in 33157, Palmetto Bay, FL changed this year?

Rent prices for rentals in 33157, Palmetto Bay, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.12% year-over-year.

What is a reasonable rent price in 33157, Palmetto Bay, FL?

A reasonable rent price in 33157, Palmetto Bay, FL is around $2,920/month. You can search for these reasonably priced rental listings on RentHop.