Homestead, 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 Homestead, Florida rental market.
Homestead, Florida
Average Apartment Rent
$1,932
Y-o-Y Change in Average
Apartment Rent
-3.9%
As of March 2026
Compared to a year ago, Homestead, Florida apartments have recorded a -3.9% rent decrease.
Homestead, Florida Average apartment rent trend
Homestead, Florida Average Apartment Rent
Homestead, Florida Apartment rent ranges
At 47.97%, apartments priced $1,500 - $2,000 represent the bulk of Homestead, Florida rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.23%.
Homestead, Florida Housing tenure**
Renters take up 55% of Homestead, Florida real estate, occupying a total of 13,580 units, while homeowners live in 11,046 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$41,130
Average household size of renter-occupied housing units**
3.18
Rental vacancy rate**
5.3%
Homestead, Florida Renter-occupied housing units by no. of bedrooms**
There are 5,332 rentals in Homestead, Florida with 2 beds making up the highest share of the market, at 39%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 409 units. Overall, the median number of rooms in Homestead, Florida homes for rent is 4.4.
Homestead, Florida Renter-occupied units by age of householder**
Most condos for rent in Homestead, Florida are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Homestead, Florida Renter-occupied housing units by family type**
Homestead, Florida Renter-occupied housing units by the presence of own children**
A total of 10,312 apartments for rent in Homestead, Florida, or 76% of all rentals are family households. Additionally, 51% of rental homes include children under the age of 18 – that’s 6,893 units. All in all, the median size of a renter-occupied household in Homestead, Florida is 3.18.
Homestead, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 32% of the homes for rent in Homestead, Florida.
Homestead, Florida Renter-occupied units by year structure built**
The highest share of Homestead, Florida apartment rentals, namely 33% or 4,483 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (16%, 2,145 units), and the ones Built 1980 - 1989 (16%, 2,123 units).
Homestead, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Homestead, Florida renters (52%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Homestead, Florida condos for rent is 2016.
Homestead, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Homestead, Florida renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 14% have No vehicle available.
Homestead, Florida Means of transportation to work of householders living in renter-occupied housing units**
Homestead, 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 Homestead, 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
