Hallandale Beach, 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 Hallandale Beach, Florida rental market.
Hallandale Beach, Florida
Average Apartment Rent
$2,536
Y-o-Y Change in Average
Apartment Rent
0.6%
As of July 2024
Compared to a year ago, Hallandale Beach, Florida apartments have recorded a 0.6% rent increase.
Hallandale Beach, Florida |Average apartment rent trend
Hallandale Beach, Florida| Average apartment rent
Hallandale Beach, Florida | Apartment rent ranges
At 80.05%, apartments priced Over $2,000 represent the bulk of Hallandale Beach, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 8.27%.
Hallandale Beach, Florida | Housing tenure**
Renters take up 47% of Hallandale Beach, Florida real estate, occupying a total of 9,182 units, while homeowners live in 10,399 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$39,585
Average household size of renter-occupied housing units**
2.29
Rental vacancy rate**
5.1%
Hallandale Beach, Florida | Renter-occupied housing units by no. of bedrooms**
There are 3,939 rentals in Hallandale Beach, Florida with 2 beds making up the highest share of the market, at 43%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 81 units. Overall, the median number of rooms in Hallandale Beach, Florida homes for rent is 3.4.
Hallandale Beach, Florida |Renter-occupied units by age of householder**
Most condos for rent in Hallandale Beach, Florida are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Hallandale Beach, Florida | Renter-occupied housing units by family type**
Hallandale Beach, Florida | Renter-occupied housing units by the presence of own children**
A total of 5,213 apartments for rent in Hallandale Beach, Florida, or 57% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 2,855 units. All in all, the median size of a renter-occupied household in Hallandale Beach, Florida is 2.29.
Hallandale Beach, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Hallandale Beach, Florida.
Hallandale Beach, Florida | Renter-occupied units by year structure built**
The highest share of Hallandale Beach, Florida apartment rentals, namely 31% or 2,829 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (19%, 1,724 units), and the ones Built 2000 - 2009 (15%, 1,359 units).
Hallandale Beach, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Hallandale Beach, Florida renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Hallandale Beach, Florida condos for rent is 2017.
Hallandale Beach, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 54% of Hallandale Beach, Florida renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 14% have No vehicle available.
Hallandale Beach, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Hallandale Beach, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Hallandale Beach, 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 Hallandale Beach, 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