Ranking Florida Apartment Markets by Rents Per Square Foot
Across Florida, apartment rents remain affordable compared to the national norm, with a couple notable exceptions. The trio of markets that make up the South Florida region – Miami, West Palm Beach and Fort Lauderdale – all claim average effective rents per square foot well above the national norm of $1.87, according to data from RealPage Market Analytics. Miami takes the helm at average rents per square foot of $2.39, on par with other markets such as Riverside. Two markets on the Gulf Coast of Florida – Naples and North Port – also rank above the national norm. Yet, every other major apartment market in Florida claims relative affordability. Tallahassee claims the title as the most affordable Florida market when looking at price per square foot with average effective rents at $1.20.