The median apartment rent in South Florida has decreased over the past two years, currently standing at $2,376 for 2024, down from $2,560 in 2022.
Unlike some regions experiencing steep rent increases, South Florida has seen a steady decline, as reflected in the Redfin analysis conducted on rental listings.
In comparison, the median rent in the entire U.S. remains significantly lower at $1,619 for 2024, indicating regional disparities in rental pricing.
This year’s median rent figures are based on data from Redfin's listings collected between August and October, excluding the impact of condos and single-family homes.
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