Lauderdale-By-The-Sea, 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 Lauderdale-By-The-Sea, Florida rental market.
Lauderdale-By-The-Sea, Florida
Average Apartment Rent
$2,760
Y-o-Y Change in Average
Apartment Rent
1.2%
As of November 2024
Compared to a year ago, Lauderdale-By-The-Sea, Florida apartments have recorded a 1.2% rent increase.
Lauderdale-By-The-Sea, Florida Average apartment rent trend
Lauderdale-By-The-Sea, Florida Average Apartment Rent
Lauderdale-By-The-Sea, Florida Apartment rent ranges
At 95.62%, apartments priced Over $2,000 represent the bulk of Lauderdale-By-The-Sea, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 4.38%.
Lauderdale-By-The-Sea, Florida Housing tenure**
Renters take up 22% of Lauderdale-By-The-Sea, Florida real estate, occupying a total of 704 units, while homeowners live in 2,539 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$52,344
Average household size of renter-occupied housing units**
1.68
Rental vacancy rate**
12.1%
Lauderdale-By-The-Sea, Florida Renter-occupied housing units by no. of bedrooms**
There are 315 rentals in Lauderdale-By-The-Sea, Florida with 1 bed making up the highest share of the market, at 45%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 13 units. Overall, the median number of rooms in Lauderdale-By-The-Sea, Florida homes for rent is 3.7.
Lauderdale-By-The-Sea, Florida Renter-occupied units by age of householder**
Most condos for rent in Lauderdale-By-The-Sea, Florida are occupied by residents in the 45 - 54 years age group (28%), followed by those in the 65 - 74 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 – 3%.
Lauderdale-By-The-Sea, Florida Renter-occupied housing units by family type**
Lauderdale-By-The-Sea, Florida Renter-occupied housing units by the presence of own children**
A total of 239 apartments for rent in Lauderdale-By-The-Sea, Florida, or 34% of all rentals are family households. Additionally, 6% of rental homes include children under the age of 18 – that’s 44 units. All in all, the median size of a renter-occupied household in Lauderdale-By-The-Sea, Florida is 1.68.
Lauderdale-By-The-Sea, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 44% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Lauderdale-By-The-Sea, Florida.
Lauderdale-By-The-Sea, Florida Renter-occupied units by year structure built**
The highest share of Lauderdale-By-The-Sea, Florida apartment rentals, namely 32% or 223 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (30%, 212 units), and the ones Built 1950 - 1959 (15%, 106 units).
Lauderdale-By-The-Sea, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Lauderdale-By-The-Sea, Florida renters (51%) moved in 2010 to 2017, while only 6% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lauderdale-By-The-Sea, Florida condos for rent is 2016.
Lauderdale-By-The-Sea, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 63% of Lauderdale-By-The-Sea, Florida renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 9% have No vehicle available.
Lauderdale-By-The-Sea, Florida Means of transportation to work of householders living in renter-occupied housing units**
Lauderdale-By-The-Sea, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Lauderdale-By-The-Sea, 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 Lauderdale-By-The-Sea, 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
