901 E Las Olas Blvd

Fort Lauderdale, FL 33301

954.304.1579

[email protected]

Compare Listings

High Demand for South Florida Rentals Drives Prices To National Highs

High Demand for South Florida Rentals Drives Prices To National Highs

Fort Lauderdale and Miramar are Florida’s most expensive rental markets, survey says

A lack of supply in South Florida is driving rent prices well above the national average, a new study finds conducted by RentCafe.com.

The average rental cost in the USA for over 250 cities surveyed is around $1,436 with the Fort Lauderdale average eclipsing it at around $1,933.

“It is just an overall shortage of supply,” said Ken Johnson, real estate economist at Florida Atlantic University. “We never made up the gulf between the last housing cycle’s peak where nothing was built for eight, nine or 10 years.”

That’s probably about to change however, with more development underway in 2019 for new Fort Lauderdale apartments than the past few years combined, as we’ve previously written about.

Click here for the full report.

 

img

Taylor A.

Fort Lauderdale real estate blogger.

Related posts

Project Moves To Next Stage for Plantation Luxury Apartments Development

Plantation Walk will have 404 apartment units and 134,000 square feet of retail space Plantation...

Continue reading
by Taylor A.

Where To Get The Best Burgers In South Florida

Broward Palm Beach New Times put together their list of 10 best burger joints Burgers are an...

Continue reading
by Taylor A.

Starlight Musicals Concert Series Returns to Downtown Fort Lauderdale’s Holiday Park

Weekly performances begin June 7th for the Starlight Concert Series The popular Starlight Musical...

Continue reading
by Taylor A.