Bay Harbor Islands, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Bay Harbor Islands, Florida rental market.
Bay Harbor Islands, Florida
Average Apartment Rent
$3,436
Y-o-Y Change in Average
Apartment Rent
5.3%
As of July 2026
Compared to a year ago, Bay Harbor Islands, Florida apartments have recorded a 5.3% rent increase.
Bay Harbor Islands, Florida Average apartment rent trend
Bay Harbor Islands, Florida Average Apartment Rent
Bay Harbor Islands, Florida Apartment rent ranges
At 52.44%, apartments priced Over $3,000 represent the bulk of Bay Harbor Islands, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 3.47%.
Bay Harbor Islands, Florida Housing tenure**
Renters take up 55% of Bay Harbor Islands, Florida real estate, occupying a total of 1,206 units, while homeowners live in 1,002 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$63,112
Average household size of renter-occupied housing units**
2.83
Rental vacancy rate**
2.8%
Bay Harbor Islands, Florida Renter-occupied housing units by no. of bedrooms**
There are 673 rentals in Bay Harbor Islands, Florida with 2 beds making up the highest share of the market, at 56%. Units with 3 beds, on the other hand, hold the lowest percentage (9%), amounting to 104 units. Overall, the median number of rooms in Bay Harbor Islands, Florida homes for rent is 3.7.
Bay Harbor Islands, Florida Renter-occupied units by age of householder**
Most condos for rent in Bay Harbor Islands, Florida are occupied by residents in the 45 - 54 years age group (33%), followed by those in the 35 - 44 years age group (32%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 1%.
Bay Harbor Islands, Florida Renter-occupied housing units by family type**
Bay Harbor Islands, Florida Renter-occupied housing units by the presence of own children**
A total of 860 apartments for rent in Bay Harbor Islands, Florida, or 71% of all rentals are family households. Additionally, 56% of rental homes include children under the age of 18 – that’s 676 units. All in all, the median size of a renter-occupied household in Bay Harbor Islands, Florida is 2.83.
Bay Harbor Islands, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 39% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Bay Harbor Islands, Florida.
Bay Harbor Islands, Florida Renter-occupied units by year structure built**
The highest share of Bay Harbor Islands, Florida apartment rentals, namely 36% or 439 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (24%, 284 units), and the ones Built 1970 - 1979 (15%, 178 units).
Bay Harbor Islands, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Bay Harbor Islands, Florida renters (52%) moved in 2018 to 2020, while only 6% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Bay Harbor Islands, Florida condos for rent is 2019.
Bay Harbor Islands, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Bay Harbor Islands, Florida renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 4% have No vehicle available.
Bay Harbor Islands, Florida Means of transportation to work of householders living in renter-occupied housing units**
Bay Harbor Islands, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Bay Harbor Islands, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
