North Lauderdale, 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 North Lauderdale, Florida rental market.
North Lauderdale, Florida
Average Apartment Rent
$2,080
Y-o-Y Change in Average
Apartment Rent
2.1%
As of July 2024
Compared to a year ago, North Lauderdale, Florida apartments have recorded a 2.1% rent increase.
North Lauderdale, Florida |Average apartment rent trend
North Lauderdale, Florida| Average apartment rent
North Lauderdale, Florida | Apartment rent ranges
At 57.84%, apartments priced Over $2,000 represent the bulk of North Lauderdale, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.56%.
North Lauderdale, Florida | Housing tenure**
Renters take up 42% of North Lauderdale, Florida real estate, occupying a total of 6,477 units, while homeowners live in 8,917 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$45,400
Average household size of renter-occupied housing units**
2.75
Rental vacancy rate**
4.8%
North Lauderdale, Florida | Renter-occupied housing units by no. of bedrooms**
There are 2,763 rentals in North Lauderdale, 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 (4%), amounting to 244 units. Overall, the median number of rooms in North Lauderdale, Florida homes for rent is 4.3.
North Lauderdale, Florida |Renter-occupied units by age of householder**
Most condos for rent in North Lauderdale, Florida are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 45 - 54 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 – 1%.
North Lauderdale, Florida | Renter-occupied housing units by family type**
North Lauderdale, Florida | Renter-occupied housing units by the presence of own children**
A total of 4,239 apartments for rent in North Lauderdale, Florida, or 65% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 2,279 units. All in all, the median size of a renter-occupied household in North Lauderdale, Florida is 2.75.
North Lauderdale, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in North Lauderdale, Florida.
North Lauderdale, Florida | Renter-occupied units by year structure built**
The highest share of North Lauderdale, Florida apartment rentals, namely 39% or 2,543 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (22%, 1,434 units), and the ones Built 1990 - 1999 (11%, 686 units).
North Lauderdale, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most North Lauderdale, Florida renters (46%) moved in 2010 to 2017, while only 6% of them moved in 2021 or later. Overall, the median year renters have occupied their North Lauderdale, Florida condos for rent is 2017.
North Lauderdale, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of North Lauderdale, Florida renters have 1 vehicle available per household, 39% of them have 2 vehicles available, and 8% have No vehicle available.
North Lauderdale, Florida | Means of transportation to work of householders living in renter-occupied housing units**
North Lauderdale, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
North Lauderdale, 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 North Lauderdale, 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