Key Biscayne, 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 Key Biscayne, Florida rental market.
Key Biscayne, Florida
Average Apartment Rent
$2,734
Y-o-Y Change in Average
Apartment Rent
-0%
As of March 2026
Compared to a year ago, Key Biscayne, Florida apartments have recorded a -0% rent decrease.
Key Biscayne, Florida Average apartment rent trend
Key Biscayne, Florida Average Apartment Rent
Key Biscayne, Florida Apartment rent ranges
At 30.25%, apartments priced Over $3,000 represent the bulk of Key Biscayne, Florida rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.07%.
Key Biscayne, Florida Housing tenure**
Renters take up 35% of Key Biscayne, Florida real estate, occupying a total of 1,633 units, while homeowners live in 3,025 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$96,442
Average household size of renter-occupied housing units**
3.04
Rental vacancy rate**
14.6%
Key Biscayne, Florida Renter-occupied housing units by no. of bedrooms**
There are 722 rentals in Key Biscayne, Florida with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (4%), amounting to 58 units. Overall, the median number of rooms in Key Biscayne, Florida homes for rent is 4.2.
Key Biscayne, Florida Renter-occupied units by age of householder**
Most condos for rent in Key Biscayne, Florida are occupied by residents in the 45 - 54 years age group (40%), followed by those in the 35 - 44 years age group (29%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Key Biscayne, Florida Renter-occupied housing units by family type**
Key Biscayne, Florida Renter-occupied housing units by the presence of own children**
A total of 1,346 apartments for rent in Key Biscayne, Florida, or 82% of all rentals are family households. Additionally, 60% of rental homes include children under the age of 18 – that’s 978 units. All in all, the median size of a renter-occupied household in Key Biscayne, Florida is 3.04.
Key Biscayne, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 78% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Key Biscayne, Florida.
Key Biscayne, Florida Renter-occupied units by year structure built**
The highest share of Key Biscayne, Florida apartment rentals, namely 33% or 542 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (20%, 322 units), and the ones Built 1980 - 1989 (16%, 263 units).
Key Biscayne, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Key Biscayne, Florida renters (41%) moved in 2010 to 2017, while only 9% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Key Biscayne, Florida condos for rent is 2018.
Key Biscayne, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Key Biscayne, Florida renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 9% have 3 or more vehicles available.
Key Biscayne, Florida Means of transportation to work of householders living in renter-occupied housing units**
Key Biscayne, 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 Key Biscayne, 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
