Oakland Park, 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 Oakland Park, Florida rental market.
Highlights
An apartment for rent in Oakland Park, Florida typically goes for $2,141 per month, while a single-family home for rent in Oakland Park, Florida has a monthly cost of around $3,656. Renter-occupied units make up 44% of the local housing market, while the rental vacancy rate in Oakland Park, Florida is at 2.6.
Oakland Park, Florida
Average Apartment Rent
$2,141
Y-o-Y Change in Average
Apartment Rent
12.8%
Average Single-Family Rent
$3,656
As of July 2024
Compared to a year ago, Oakland Park, Florida apartments have recorded a 12.8% rent increase.
Oakland Park, Florida |Average apartment rent trend
Oakland Park, Florida| Average apartment rent
Oakland Park, Florida | Apartment rent ranges
At 48.45%, apartments priced $1,500 - $2,000 represent the bulk of Oakland Park, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.72%.
Oakland Park, Florida | Housing tenure**
Renters take up 44% of Oakland Park, Florida real estate, occupying a total of 7,628 units, while homeowners live in 9,787 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$53,776
Average household size of renter-occupied housing units**
2.66
Rental vacancy rate**
2.6%
Oakland Park, Florida | Renter-occupied housing units by no. of bedrooms**
There are 4,093 rentals in Oakland Park, Florida with 2 beds making up the highest share of the market, at 54%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 116 units. Overall, the median number of rooms in Oakland Park, Florida homes for rent is 4.
Oakland Park, Florida |Renter-occupied units by age of householder**
Most condos for rent in Oakland Park, Florida are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 25 - 34 years age group (26%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Oakland Park, Florida | Renter-occupied housing units by family type**
Oakland Park, Florida | Renter-occupied housing units by the presence of own children**
A total of 4,206 apartments for rent in Oakland Park, Florida, or 55% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 2,426 units. All in all, the median size of a renter-occupied household in Oakland Park, Florida is 2.66.
Oakland Park, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Oakland Park, Florida.
Oakland Park, Florida | Renter-occupied units by year structure built**
The highest share of Oakland Park, Florida apartment rentals, namely 29% or 2,218 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (19%, 1,413 units), and the ones Built 1980 - 1989 (18%, 1,336 units).
Oakland Park, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Oakland Park, Florida renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Oakland Park, Florida condos for rent is 2017.
Oakland Park, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Oakland Park, Florida renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 11% have No vehicle available.
Oakland Park, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Oakland Park, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Oakland Park, 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 Oakland Park, 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