Average Rent in Kendall-Palmetto Bay, FL

Current Versus Historical Kendall-Palmetto Bay, FL Rents

Kendall-Palmetto Bay rentals average $1,850 for a studio rental to $12,500 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 April 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $97 (-5.94%) year-over-year from $1,627 to $1,530. 1-bedroom rentals prices have decreased by $133 (-6.40%) year-over-year from $2,083 to $1,950. 2-bedroom rentals prices have decreased by $114 (-4.36%) year-over-year from $2,614 to $2,500. 3-bedroom rentals prices have increased by $242 (7.20%) year-over-year from $3,358 to $3,600. 4-bedroom rentals prices have increased by $1,475 (19.87%) year-over-year from $7,425 to $8,900. 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 12.74% this month. 1-bedroom rents have gone down by 2.82% this month. 2-bedroom rents have gone up by 2.04% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone up by 17.62% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,530	$1,627 (-5.94%)	$1,524 (0.37%)
1 BR	$2.90	$1,950	$2,083 (-6.40%)	$1,408 (38.46%)
2 BR	$2.51	$2,500	$2,614 (-4.36%)	$1,733 (44.23%)
3 BR	$2.54	$3,600	$3,358 (7.20%)	$2,917 (23.43%)
4+ BR	$3.57	$8,900	$7,425 (19.87%)	$6,450 (37.98%)

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 15 cities nearby Kendall-Palmetto Bay. The average rent in Kendall-Palmetto Bay is currently $3,500 per month. A total of 9 cities nearby have an average rent lower than that. Our records show that Fountainebleau, FL, with an average rent of $2,600, is the most affordable city nearby. In contrast, the most expensive city near Kendall-Palmetto Bay, FL is Key Biscayne, FL. Monthly rents here are on average $8,000 per month.

Let's compare Kendall-Palmetto Bay, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 2.56% more affordable. Two bedrooms in Kendall-Palmetto Bay, FL are about 3.85% more expensive. Finally, rent for three bedrooms are about 6.58% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Kendall-Palmetto Bay, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Fountainebleau, FL	N/A	$2,100	$2,500	$2,600
Kendale Lakes, FL	N/A	$1,900	$2,500	$2,600
Glenvar Heights, FL	N/A	$2,000	$2,600	$2,650
Kendall, FL	$1,970	$2,000	$2,475	$2,800
Cutler Bay, FL	N/A	$1,725	$2,400	$3,000
Richmond West, FL	N/A	$1,450	$2,500	$3,500
Coral Gables, FL	$1,890	$2,300	$3,950	$4,375
Palmetto Bay, FL	N/A	$1,800	$2,375	$6,000
Pinecrest, FL	N/A	$1,950	$2,450	$7,700
Key Biscayne, FL	$14,200	$3,575	$6,750	$8,000

Top Neighborhoods Near Kendall-Palmetto Bay

There are a total of 25 neighborhoods in or near Kendall-Palmetto Bay. Some of these neighborhoods include Flamingo - Lummus, East Little Havana, and Allapattah. We've included all of these top 25 neighborhoods in or near Kendall-Palmetto Bay, FL in the following chart.

The average rent for these 25 neighborhoods in or near Kendall-Palmetto Bay, FL is currently around $3,545 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only ten neighborhoods have a higher average rent than $3,545. 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 $8,000 average rent per month, Village of Key Biscayne 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	$2,250	$4,000	$2,200
East Little Havana, Miami, FL	$1,550	$1,990	$2,500	$2,300
Allapattah, Miami, FL	$1,750	$2,000	$2,500	$2,413
Flagami, Miami, FL	$1,425	$1,900	$2,650	$2,600
Glenvar Heights, FL	N/A	$2,000	$2,600	$2,650
West Little Havana, Miami, FL	$1,650	$1,863	$2,700	$2,700
Princeton, FL	N/A	$1,700	$2,350	$2,900
Cutler Bay, FL	N/A	$1,725	$2,400	$3,000
City Center, Miami Beach, FL	$2,800	$3,200	$9,000	$3,300
Coral Way, Miami, FL	$1,850	$2,275	$2,963	$3,400
Richmond West, FL	N/A	$1,450	$2,500	$3,500
Downtown Miami, Miami, FL	$2,770	$3,000	$4,200	$3,500
West Avenue, Miami Beach, FL	$2,449	$3,300	$4,900	$3,545
Media and Entertainment District, Miami, FL	$2,450	$3,100	$4,500	$3,600
South Miami, FL	N/A	$2,100	$2,975	$3,675
Wynwood, Miami, FL	$2,600	$3,487	$4,825	$4,000
Brickell, Miami, FL	$2,975	$3,500	$5,200	$4,450
Edgewater, Miami, FL	$2,150	$3,333	$5,900	$5,200
Park West, Miami, FL	$4,300	$4,100	$5,700	$5,750
Palmetto Bay, FL	N/A	$1,800	$2,375	$6,000
Bayshore, Miami Beach, FL	$1,964	$2,372	$6,050	$6,950
Northeast Coconut Grove, Miami, FL	$2,500	$2,600	$6,000	$7,000
Pinecrest, FL	N/A	$1,950	$2,450	$7,700
South Pointe, Miami Beach, FL	$2,025	$3,800	$9,250	$8,000
Village of Key Biscayne, Key Biscayne, FL	$14,200	$3,575	$6,750	$8,000

Top Counties Near Kendall-Palmetto Bay

There are a total of 25 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 $3,300. 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 $8,000, Key Biscayne, FL is the most expensive county by Kendall-Palmetto Bay, FL.

Typically, rent for studios in Kendall-Palmetto Bay, FL is 24.32% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Kendall-Palmetto Bay, FL is 2.56% more expensive than other counties nearby. Finally, rent for two bedrooms in Kendall-Palmetto Bay, FL is 3.85% more affordable 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	$1,335	$1,650	$2,275	$2,850
Kendale Lakes-Tamiami, FL	$1,375	$1,900	$2,500	$3,000
North Westside, FL	$1,900	$2,195	$2,700	$3,300
South Westside, FL	$1,400	$1,650	$2,775	$3,700
Key Biscayne, FL	$14,200	$3,575	$6,750	$8,000

Top Zipcodes Near Kendall-Palmetto Bay

There are a total of 34 zipcodes in or near Kendall-Palmetto Bay, FL. The average rent for all of these zipcodes is $3,450. A total of 22 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 $8,000 per month is 33149, Key Biscayne, FL.

Studios in these zipcodes have an average rent of $1,638. That's at least $3 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 $2,006 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,675 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	$2,498	$3,000	$7,350	$3,825
33131, Miami, FL	$2,953	$3,400	$5,400	$4,300
33132, Miami, FL	$2,575	$3,250	$4,500	$3,923
33140, Miami Beach, FL	$2,300	$3,000	$4,500	$4,500
33137, Miami, FL	$2,345	$3,300	$5,325	$4,800
33130, Miami, FL	$2,350	$3,100	$4,250	$3,800
33133, Miami, FL	$2,500	$2,500	$3,975	$5,000
33149, Key Biscayne, FL	$14,200	$3,575	$6,750	$8,000
33032, Princeton, FL	N/A	$1,663	$2,250	$2,850
33134, Coral Gables, FL	$1,930	$2,055	$3,500	$3,500

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 $1,850 and an average price per square feet of $0. There are a total of 3 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 $1,950 and an average price per square feet of $2.90. There are a total of 77 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 $2,600 and an average price per square feet of $2.51. There are a total of 67 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 -0.06%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by 0.07% 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.