Coral Springs, 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 Coral Springs, Florida rental market.
Highlights
An apartment for rent in Coral Springs, Florida typically goes for $2,397 per month, while a single-family home for rent in Coral Springs, Florida has a monthly cost of around $3,631. Renter-occupied units make up 40% of the local housing market, while the rental vacancy rate in Coral Springs, Florida is at 5.7.
Coral Springs, Florida
Average Apartment Rent
$2,397
Y-o-Y Change in Average
Apartment Rent
-1.2%
Average Single-Family Rent
$3,631
As of November 2024
Compared to a year ago, Coral Springs, Florida apartments have recorded a -1.2% rent decrease.
Coral Springs, Florida Average apartment rent trend
Coral Springs, Florida Average Apartment Rent
Coral Springs, Florida Apartment rent ranges
At 82.44%, apartments priced Over $2,000 represent the bulk of Coral Springs, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 17.56%.
Coral Springs, Florida Housing tenure**
Renters take up 40% of Coral Springs, Florida real estate, occupying a total of 17,696 units, while homeowners live in 26,564 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$62,104
Average household size of renter-occupied housing units**
2.96
Rental vacancy rate**
5.7%
Coral Springs, Florida Renter-occupied housing units by no. of bedrooms**
There are 8,166 rentals in Coral Springs, Florida with 2 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 194 units. Overall, the median number of rooms in Coral Springs, Florida homes for rent is 4.1.
Coral Springs, Florida Renter-occupied units by age of householder**
Most condos for rent in Coral Springs, Florida are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Coral Springs, Florida Renter-occupied housing units by family type**
Coral Springs, Florida Renter-occupied housing units by the presence of own children**
A total of 12,588 apartments for rent in Coral Springs, Florida, or 71% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 7,577 units. All in all, the median size of a renter-occupied household in Coral Springs, Florida is 2.96.
Coral Springs, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Coral Springs, Florida.
Coral Springs, Florida Renter-occupied units by year structure built**
The highest share of Coral Springs, Florida apartment rentals, namely 31% or 5,435 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (23%, 4,146 units), and the ones Built 1990 - 1999 (19%, 3,395 units).
Coral Springs, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Coral Springs, Florida renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Coral Springs, Florida condos for rent is 2018.
Coral Springs, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Coral Springs, Florida renters have 2 vehicles available per household, 41% of them have 1 vehicle available, and 8% have No vehicle available.
Coral Springs, Florida Means of transportation to work of householders living in renter-occupied housing units**
Coral Springs, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Coral Springs, Florida Average apartment rent by zip codes
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 Coral Springs, 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
