Average Rent in 33431, Boca Raton, FL

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Current Versus Historical 33431, Boca Raton, FL Rents

33431 rentals average $2,573 for a 1-bedroom rental to $6,500 for a 4-bedroom rental. The median price of all currently available listings is $3,825, or roughly $3 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 $210 (-15.03%) year-over-year from $1,398 to $1,188. 1-bedroom rentals prices have increased by $62 (3.50%) year-over-year from $1,763 to $1,825. 2-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,149 to $3,149. 3-bedroom rentals prices have increased by $500 (13.51%) year-over-year from $3,700 to $4,200. 4-bedroom rentals prices have increased by $483 (9.63%) year-over-year from $5,017 to $5,500. 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 13.22% this month. 1-bedroom rents have gone up by 4.43% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 2.86% this month. 4-bedroom rents have gone up by 17.44% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $3.29 $1,825 $1,763 (3.50%) $1,079 (69.11%)
2 BR $2.83 $3,149 $3,149 (0.00%) $2,583 (21.91%)
3 BR $2.40 $4,200 $3,700 (13.51%) $3,081 (36.33%)
4+ BR $3.36 $5,500 $5,017 (9.63%) $4,125 (33.33%)

Historical Rents in 33431, Boca Raton, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 33431

There are a total of 8 cities nearby 33431. The average rent in 33431 is currently $2,599 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Margate, FL, with an average rent of $1,850, is the most affordable city nearby. In contrast, the most expensive city near 33431, Boca Raton, FL is Boca Raton, FL. Monthly rents here are on average $4,200 per month.

Let's compare 33431, Boca Raton, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 29.06% more expensive. Two bedrooms in 33431, Boca Raton, FL are about 20.00% more expensive. Finally, rent for three bedrooms are about 15.12% more expensive. Want more information? Check out the top 8 cities near 33431, Boca Raton, FL in the following chart.
City Studio 1 Bed 2 Bed All
Margate, FL N/A $1,625 $2,000 $1,850
Coral Springs, FL N/A $1,725 $2,025 $2,300
Coconut Creek, FL N/A $1,795 $2,200 $2,325
Pompano Beach, FL $1,725 $1,850 $2,400 $2,598
Deerfield Beach, FL $1,650 $1,800 $2,400 $2,600
Boynton Beach, FL N/A $1,900 $2,500 $2,700
Delray Beach, FL $4,300 $2,130 $3,000 $3,772
Boca Raton, FL N/A $2,496 $3,200 $4,200

Top Neighborhoods Near 33431

There are a total of 3 neighborhoods in or near 33431. Some of these neighborhoods include Century Village West, Kings Point, and Palm Aire. We've included all of these top 3 neighborhoods in or near 33431, Boca Raton, FL in the following chart.

The average rent for these 3 neighborhoods in or near 33431, Boca Raton, FL is currently around $1,780 per month. A total of 3 neighborhoods have a lower average rent. Out of all the neighborhoods in or near 33431, Century Village West has the most affordable average rent at $1,700 per month. Whereas, at $2,200 average rent per month, Palm Aire is the most expensive neighborhood in or near 33431. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Century Village West, Sunshine Parkway, FL N/A $1,565 $1,800 $1,700
Kings Point, Boynton Beach-Delray Beach, FL N/A $1,625 $1,850 $1,780
Palm Aire, Pompano Beach, FL N/A $1,790 $2,100 $2,200

Top Counties Near 33431

There are a total of 3 counties located by 33431, Boca Raton, FL. Some of these counties include Coral Springs-Margate, FL, Pompano Beach, FL, and Boynton Beach-Delray Beach, FL. The average rent for rentals in these counties is $2,900. That's roughly around $2 per sqft. A total of 4 counties have a lower average rent. 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 $4,500, Boca Raton, FL is the most expensive county by 33431, Boca Raton, FL.

Typically, rent for studios in 33431, Boca Raton, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 33431, Boca Raton, FL is 24.20% more expensive than other counties nearby. Finally, rent for two bedrooms in 33431, Boca Raton, FL is 16.67% more expensive 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 $1,695 $2,000 $2,150
Pompano Beach, FL $1,725 $2,000 $2,500 $2,665
Boynton Beach-Delray Beach, FL $4,300 $1,950 $2,500 $2,900
Deerfield Beach, FL $1,650 $1,849 $2,400 $3,400
Boca Raton, FL N/A $2,500 $3,325 $4,500

Top Zipcodes Near 33431

There are a total of 20 zipcodes in or near 33431, Boca Raton, FL. The average rent for all of these zipcodes is $2,800. A total of 16 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33434, Sunshine Parkway, FL at $1,798 per month. In comparison, the zipcode with the most expensive average rent of $8,250 per month is 33496, Boca Raton, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 33431, Boca Raton, FL is $1,875 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,375 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in 33431, Boca Raton, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
33062, Pompano Beach, FL $2,150 $2,200 $3,025 $3,200
33065, Coral Springs, FL N/A $1,700 $2,000 $2,135
33435, Boynton Beach, FL N/A $2,000 $2,504 $2,648
33432, Boca Raton, FL N/A $2,950 $3,575 $5,000
33069, Pompano Beach, FL N/A $1,790 $2,100 $2,200
33483, Delray Beach, FL $4,300 $2,225 $5,000 $6,000
33444, Delray Beach, FL N/A $2,100 $2,773 $3,500
33433, Boca Raton, FL N/A N/A $2,650 $3,500
33487, Boca Raton, FL N/A $2,000 $3,800 $4,092
33064, Deerfield Beach, FL N/A $1,850 $2,200 $2,950

Frequently Asked Questions - 33431 Average Rents

What is the average rent price in 33431, Boca Raton, FL?
The average monthly rental price for 33431, Boca Raton, FL apartments for rent is approximately $3,825. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 33431, Boca Raton, 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 33431, Boca Raton, FL.
How much is a studio apartment in 33431, Boca Raton, 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 33431.
How much is a one bedroom apartment in 33431, Boca Raton, FL?
The average monthly rental price for one bedroom apartments is $2,573 and an average price per square feet of $3.29. There are a total of 2 one bedroom apartment listings currently available for rent in 33431.
How much is a two bedroom apartment in 33431, Boca Raton, FL?
The average monthly rental price for two bedroom apartments is $3,000 and an average price per square feet of $2.83. There are a total of 35 two bedroom apartment listings currently available for rent in 33431.
How have rent prices in 33431, Boca Raton, FL changed this year?
Rent prices for rentals in 33431, Boca Raton, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.15%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.14% year-over-year.
What is a reasonable rent price in 33431, Boca Raton, FL?
A reasonable rent price in 33431, Boca Raton, FL is around $3,060/month. You can search for these reasonably priced rental listings on RentHop.
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