Average Rent in Margate, FL

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Current Versus Historical Margate, FL Rents

Margate rentals average $1,650 for a 1-bedroom rental to $3,850 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 $3,691 (-99.38%) year-over-year from $3,714 to $23. 1-bedroom rentals prices have decreased by $42 (-2.54%) year-over-year from $1,642 to $1,600. 2-bedroom rentals prices have increased by $102 (5.50%) year-over-year from $1,848 to $1,950. 3-bedroom rentals prices have decreased by $128 (-3.98%) year-over-year from $3,228 to $3,100. 4-bedroom rentals prices have increased by $202 (6.21%) year-over-year from $3,248 to $3,450. 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 97.59% this month. 1-bedroom rents have gone down by 1.54% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 3.07% this month. 4-bedroom rents have gone down by 5.48% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.33 $1,600 $1,642 (-2.54%) $1,217 (31.51%)
2 BR $2.08 $1,950 $1,848 (5.50%) $1,498 (30.14%)
3 BR $2.10 $3,100 $3,228 (-3.98%) $2,375 (30.53%)
4+ BR $2.06 $3,450 $3,248 (6.21%) $2,545 (35.56%)

Historical Rents in Margate, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Margate

There are a total of 6 cities nearby Margate. The average rent in Margate is currently $2,175 per month. Only one city nearby has 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 Margate, FL is Coconut Creek, FL. Monthly rents here are on average $2,350 per month.

Let's compare Margate, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 1.89% more affordable. Two bedrooms in Margate, FL are about 4.38% more affordable. Finally, rent for three bedrooms are about 15.40% more expensive. Want more information? Check out the top 6 cities near Margate, FL in the following chart.
City Studio 1 Bed 2 Bed All
Lauderdale Lakes, FL N/A $1,500 $1,900 $1,700
Lauderhill, FL $1,400 $1,650 $2,000 $2,025
Tamarac, FL N/A $1,650 $2,100 $2,150
Oakland Park, FL $1,300 $1,775 $2,200 $2,200
Coral Springs, FL N/A $1,713 $2,075 $2,300
Coconut Creek, FL N/A $1,748 $2,200 $2,350

Top Neighborhoods Near Margate

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

The average rent for these 2 neighborhoods in or near Margate, FL is currently around $2,250 per month. Meaning, only two neighborhoods have a higher average rent than $2,250. Interestingly, the neighborhoods' average rent is higher than Margate's average rent, which is only $1,900. Out of all the neighborhoods in or near Margate, Oakland Park has the most affordable average rent at $2,200 per month. Whereas, at $2,300 average rent per month, Palm Aire is the most expensive neighborhood in or near Margate. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Oakland Park, FL $1,300 $1,775 $2,200 $2,200
Palm Aire, Pompano Beach, FL N/A $1,750 $2,250 $2,300

Top Counties Near Margate

There are a total of 2 counties located by Margate, FL. The average rent for rentals in these counties is $2,845. 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 $2,200. Vice versa, with an average rent of $3,490, Deerfield Beach, FL is the most expensive county by Margate, FL.

Typically, rent for studios in Margate, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Margate, FL is 7.42% more affordable than other counties nearby. Finally, rent for two bedrooms in Margate, FL is 15.00% 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 $1,695 $2,100 $2,200
Deerfield Beach, FL $1,600 $1,850 $2,500 $3,490

Top Zipcodes Near Margate

There are a total of 10 zipcodes in or near Margate, FL. The average rent for all of these zipcodes is $2,200.

The following chart includes the top 10 zipcodes in 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 $1,693 $2,000 $2,175
33069, Pompano Beach, FL N/A $1,738 $2,125 $2,250
33313, Lauderhill, FL N/A $1,575 $1,875 $1,950
33309, Tamarac, FL N/A $1,750 $2,200 $2,200
33321, Tamarac, FL N/A $1,600 $2,150 $2,300
33319, Tamarac, FL $1,550 $1,650 $2,000 $2,000
33063, Margate, FL N/A $1,650 $2,100 $2,000
33071, Coral Springs, FL N/A $1,775 $1,950 $2,200
33351, Sunrise, FL N/A $1,750 $2,168 $2,300
33322, Sunrise, FL N/A $1,800 $2,125 $2,200

Frequently Asked Questions - Margate Average Rents

What is the average rent price in Margate, FL?
The average monthly rental price for 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 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 Margate, FL.
How much is a studio apartment in 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 Margate.
How much is a one bedroom apartment in Margate, FL?
The average monthly rental price for one bedroom apartments is $1,650 and an average price per square feet of $2.33. There are a total of 23 one bedroom apartment listings currently available for rent in Margate.
How much is a two bedroom apartment in Margate, FL?
The average monthly rental price for two bedroom apartments is $2,000 and an average price per square feet of $2.08. There are a total of 35 two bedroom apartment listings currently available for rent in Margate.
How have rent prices in Margate, FL changed this year?
Rent prices for rentals in Margate, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.99%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.04% year-over-year.
What is a reasonable rent price in Margate, FL?
A reasonable rent price in Margate, FL is around $1,520/month. You can search for these reasonably priced rental listings on RentHop.
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