Midway, Florida Rental Market Trends

Disclaimer:

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 Midway, Florida rental market.

Midway, Florida

Average Apartment Rent

$1,793

Y-o-Y Change in Average
Apartment Rent

0.9%

As of May 2026

Compared to a year ago, Midway, Florida apartments have recorded a 0.9% rent increase.

Midway, Florida Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Midway $1,828 $1,782 $1,770 $1,818 $1,763 $1,782 $1,784 $1,754 $1,756
National $1,741 $1,732 $1,736 $1,756 $1,749 $1,755 $1,767 $1,753 $1,750
Midway
National
Jul 2023
$1,828
$1,741
Nov 2023
$1,782
$1,732
Mar 2024
$1,770
$1,736
Jul 2024
$1,818
$1,756
Nov 2024
$1,763
$1,749
Mar 2025
$1,782
$1,755
Jul 2025
$1,784
$1,767
Nov 2025
$1,754
$1,753
Mar 2026
$1,756
$1,750

Midway, Florida Average Apartment Rent

Midway, Florida Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 62.67%, apartments priced $1,500 - $2,000 represent the bulk of Midway, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 13.33%.

Midway, Florida Housing tenure**

Renter occupied housing units 1,732
Owner occupied housing units 6,048

Renters take up 22% of Midway, Florida real estate, occupying a total of 1,732 units, while homeowners live in 6,048 properties.

Median number of rooms of renter-occupied housing units**

5

Renter median household income**

$60,188

Average household size of renter-occupied housing units**

2.92

Rental vacancy rate**

8%

Midway, Florida Renter-occupied housing units by no. of bedrooms**

1 bed 102
2 beds 649
3 beds 680
4 beds 291
5 or more beds 10

There are 680 rentals in Midway, Florida with 3 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 10 units. Overall, the median number of rooms in Midway, Florida homes for rent is 5.

Midway, Florida Renter-occupied units by age of householder**

15 - 24 years 53
25 - 34 years 535
35 - 44 years 567
45 - 54 years 220
55 - 59 years 117
60 - 64 years 84
65 - 74 years 101
75 - 84 years 15
85 years and over 40

Most condos for rent in Midway, Florida are occupied by residents in the 35 - 44 years age group (33%), followed by those in the 25 - 34 years age group (31%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.

Midway, Florida Renter-occupied housing units by family type**

Family households 1,128
Non-Family Households 604

Midway, Florida Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 601
No related children of the householder under 18 1,131

A total of 1,128 apartments for rent in Midway, Florida, or 65% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 601 units. All in all, the median size of a renter-occupied household in Midway, Florida is 2.92.

Midway, Florida Renter-occupied housing units by educational attainment**

Less than high school graduate 75
High school graduate (including equivalency) 405
Some college or associate's degree 753
Bachelor's degree or higher 499

In terms of education, renters holding bachelor degrees or higher make up 29% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Midway, Florida.

Midway, Florida Renter-occupied units by year structure built**

Built 2020 or later 22
Built 2010 - 2019 161
Built 2000 - 2009 345
Built 1990 - 1999 242
Built 1980 - 1989 598
Built 1970 - 1979 306
Built 1960 - 1969 58

The highest share of Midway, Florida apartment rentals, namely 35% or 598 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (20%, 345 units), and the ones Built 1970 - 1979 (18%, 306 units).

Midway, Florida Renter-occupied units by year householder moved in**

Moved in 2021 or later 186
Moved in 2018 to 2020 571
Moved in 2010 to 2017 830
Moved in 2000 to 2009 99
Moved in 1990 to 1999 36
Moved in 1989 or earlier 10

Median year renter moved into unit 2017

Most Midway, Florida renters (48%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Midway, Florida condos for rent is 2017.

Midway, Florida Renter-occupied housing units by vehicles available**

No vehicle available 110
1 vehicle available 419
2 vehicles available 797
3 vehicles available 332
4 or more vehicles available 74

When it comes to transportation options, 46% of Midway, Florida renters have 2 vehicles available per household, 24% of them have 1 vehicle available, and 19% have 3 vehicles available.

Midway, Florida Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 2,327
Car, truck, or van - carpooled 293
Taxicab, motorcycle, bicycle, or other means 35
Worked at home 86

Midway, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 3,682
Moved within same county 351
Moved from different county within same state 297
Moved from different state 555
Moved from abroad 106

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 Midway, 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

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