Bal Harbour, 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 Bal Harbour, Florida rental market.
Bal Harbour, Florida
Average Apartment Rent
$3,403
Y-o-Y Change in Average
Apartment Rent
3.3%
As of March 2026
Compared to a year ago, Bal Harbour, Florida apartments have recorded a 3.3% rent increase.
Bal Harbour, Florida Average apartment rent trend
Bal Harbour, Florida Average Apartment Rent
Bal Harbour, Florida Apartment rent ranges
At 56.77%, apartments priced Over $3,000 represent the bulk of Bal Harbour, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 3.56%.
Bal Harbour, Florida Housing tenure**
Renters take up 27% of Bal Harbour, Florida real estate, occupying a total of 353 units, while homeowners live in 972 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$65,669
Average household size of renter-occupied housing units**
2.44
Rental vacancy rate**
10.4%
Bal Harbour, Florida Renter-occupied housing units by no. of bedrooms**
There are 206 rentals in Bal Harbour, Florida with 2 beds making up the highest share of the market, at 58%. Units with No bedrooms, on the other hand, hold the lowest percentage (6%), amounting to 22 units. Overall, the median number of rooms in Bal Harbour, Florida homes for rent is 3.9.
Bal Harbour, Florida Renter-occupied units by age of householder**
Most condos for rent in Bal Harbour, Florida are occupied by residents in the 45 - 54 years age group (22%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 5%.
Bal Harbour, Florida Renter-occupied housing units by family type**
Bal Harbour, Florida Renter-occupied housing units by the presence of own children**
A total of 217 apartments for rent in Bal Harbour, Florida, or 61% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 74 units. All in all, the median size of a renter-occupied household in Bal Harbour, Florida is 2.44.
Bal Harbour, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 52% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Bal Harbour, Florida.
Bal Harbour, Florida Renter-occupied units by year structure built**
The highest share of Bal Harbour, Florida apartment rentals, namely 26% or 92 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (13%, 47 units), and the ones Built 1970 - 1979 (13%, 47 units).
Bal Harbour, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2013
Most Bal Harbour, Florida renters (54%) moved in 2010 to 2017, while only 9% of them moved in 2018 to 2020. Overall, the median year renters have occupied their Bal Harbour, Florida condos for rent is 2013.
Bal Harbour, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Bal Harbour, Florida renters have 1 vehicle available per household, 44% of them have 2 vehicles available, and 7% have No vehicle available.
Bal Harbour, Florida Means of transportation to work of householders living in renter-occupied housing units**
Bal Harbour, 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 Bal Harbour, 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
