Riviera Beach, 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 Riviera Beach, Florida rental market.
Riviera Beach, Florida
Average Apartment Rent
$2,102
Y-o-Y Change in Average
Apartment Rent
14.7%
As of November 2024
Compared to a year ago, Riviera Beach, Florida apartments have recorded a 14.7% rent increase.
Riviera Beach, Florida Average apartment rent trend
Riviera Beach, Florida Average Apartment Rent
Riviera Beach, Florida Apartment rent ranges
At 52.71%, apartments priced $1,500 - $2,000 represent the bulk of Riviera Beach, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.4%.
Riviera Beach, Florida Housing tenure**
Renters take up 43% of Riviera Beach, Florida real estate, occupying a total of 5,775 units, while homeowners live in 7,641 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$42,181
Average household size of renter-occupied housing units**
2.95
Rental vacancy rate**
7.8%
Riviera Beach, Florida Renter-occupied housing units by no. of bedrooms**
There are 2,074 rentals in Riviera Beach, Florida with 2 beds making up the highest share of the market, at 36%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 52 units. Overall, the median number of rooms in Riviera Beach, Florida homes for rent is 4.4.
Riviera Beach, Florida Renter-occupied units by age of householder**
Most condos for rent in Riviera Beach, Florida are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 45 - 54 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%.
Riviera Beach, Florida Renter-occupied housing units by family type**
Riviera Beach, Florida Renter-occupied housing units by the presence of own children**
A total of 3,362 apartments for rent in Riviera Beach, Florida, or 58% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 2,270 units. All in all, the median size of a renter-occupied household in Riviera Beach, Florida is 2.95.
Riviera Beach, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Riviera Beach, Florida.
Riviera Beach, Florida Renter-occupied units by year structure built**
The highest share of Riviera Beach, Florida apartment rentals, namely 24% or 1,361 units, were Built 2000 - 2009, followed by those Built 1970 - 1979 (20%, 1,140 units), and the ones Built 1980 - 1989 (16%, 927 units).
Riviera Beach, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Riviera Beach, Florida renters (50%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Riviera Beach, Florida condos for rent is 2016.
Riviera Beach, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Riviera Beach, Florida renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 15% have No vehicle available.
Riviera Beach, Florida Means of transportation to work of householders living in renter-occupied housing units**
Riviera Beach, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Riviera Beach, 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 Riviera Beach, 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
