Vero 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 Vero Beach, Florida rental market.
Vero Beach, Florida
Average Apartment Rent
$1,408
As of July 2024
Vero Beach, Florida |Average apartment rent trend
Vero Beach, Florida| Average apartment rent
Vero Beach, Florida | Apartment rent ranges
At 73.15%, apartments priced $1,000 - $1,500 represent the bulk of Vero Beach, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 26.85%.
Vero Beach, Florida | Housing tenure**
Renters take up 34% of Vero Beach, Florida real estate, occupying a total of 2,591 units, while homeowners live in 5,134 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$40,334
Average household size of renter-occupied housing units**
2.06
Rental vacancy rate**
14.8%
Vero Beach, Florida | Renter-occupied housing units by no. of bedrooms**
There are 1,228 rentals in Vero Beach, Florida with 2 beds making up the highest share of the market, at 47%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 65 units. Overall, the median number of rooms in Vero Beach, Florida homes for rent is 4.
Vero Beach, Florida |Renter-occupied units by age of householder**
Most condos for rent in Vero Beach, Florida are occupied by residents in the 25 - 34 years age group (19%), followed by those in the 45 - 54 years age group (15%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 5%.
Vero Beach, Florida | Renter-occupied housing units by family type**
Vero Beach, Florida | Renter-occupied housing units by the presence of own children**
A total of 848 apartments for rent in Vero Beach, Florida, or 33% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 416 units. All in all, the median size of a renter-occupied household in Vero Beach, Florida is 2.06.
Vero Beach, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Vero Beach, Florida.
Vero Beach, Florida | Renter-occupied units by year structure built**
The highest share of Vero Beach, Florida apartment rentals, namely 26% or 677 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (19%, 482 units), and the ones Built 1939 or earlier (16%, 418 units).
Vero Beach, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2018
Most Vero Beach, Florida renters (44%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Vero Beach, Florida condos for rent is 2018.
Vero Beach, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 75% of Vero Beach, Florida renters have 1 vehicle available per household, 13% of them have 2 vehicles available, and 10% have No vehicle available.
Vero Beach, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Vero Beach, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Vero 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 Vero 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
