What is the median rent in Boca Raton, FL?
The median gross rent in Boca Raton, FL is $2,508 (±$116) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 13,676 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Boca Raton, the median gross rent went from $1,760 in 2015–2019 to $2,508 in 2020–2024 (+42.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median gross rent
- $2,508 (±$116)
- Rented homes
- 13,676 (±941)
- $2,000 or more
- 71.2%
- Since 2015–2019
- +42.5%
How much rent costs in Boca Raton
| Monthly gross rent | Boca Raton | Palm Beach County | Florida | United States |
|---|---|---|---|---|
| Less than $500 | 1.8% (±1.2 points) | 2.7% | 3.6% | 6.3% |
| $500 to $999 | 1.5% (±0.7 points) | 6.6% | 10.7% | 20.2% |
| $1,000 to $1,499 | 6.7% (±2.3 points) | 17.5% | 26.0% | 28.1% |
| $1,500 to $1,999 | 18.9% (±3.8 points) | 27.9% | 28.8% | 21.1% |
| $2,000 to $2,499 | 20.9% (±3.5 points) | 21.9% | 17.4% | 12.0% |
| $2,500 to $2,999 | 18.8% (±3.7 points) | 11.0% | 7.2% | 5.5% |
| $3,000 or more | 31.5% (±4.5 points) | 12.4% | 6.3% | 6.8% |
The most common range is $3,000 or more, paid by 31.5% of renting households.
71.2% of rented homes in Boca Raton cost $2,000 or more a month.
Boca Raton against Palm Beach County, its state and the nation
| Boca Raton | Palm Beach County | Florida | United States | |
|---|---|---|---|---|
| Median gross rent | $2,508 (±$116) | $1,916 (±$19) | $1,669 (±$5) | $1,413 |
| Rented homes paying rent | 13,676 (±941) | 173,832 (±3,026) | 2,716,443 (±16,958) | 42,849,984 |
In Boca Raton, median gross rent is higher than in Palm Beach County ($1,916).
It is also higher than in Florida ($1,669).
It is higher than the national figure ($1,413).
In Palm Beach County, Boca Raton ranks 8 of 51 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 41 of 793.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Boca Raton has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,760 (±$42) | $2,508 (±$116) | +42.5% | Up after inflation |
| Households that rent | 28.8% (±1.3 points) | 34.3% (±2.0 points) | +5.5 percentage points | Measurable increase |
| Rental vacancy rate | 19.0% (±2.6 points) | 5.9% (±1.5 points) | −13.1 percentage points | Measurable decrease |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Boca Raton
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Boca Raton | — | $2,508 (±$116) | — |
| Highland Beach | 3.6 mi | $3,500 or more | — |
| Deerfield Beach | 4.4 mi | $1,774 (±$63) | Lower |
| Delray Beach | 5.8 mi | $1,961 (±$85) | Lower |
| Lighthouse Point | 6.6 mi | $1,880 (±$230) | Lower |
| Hillsboro Beach | 6.7 mi | $3,346 (±$666) | Higher |
| Watergate | 7.2 mi | $2,076 (±$492) | Not measurably different |
| Coconut Creek | 8.1 mi | $2,102 (±$97) | Lower |
| Gulf Stream | 8.3 mi | $1,750 (±$407) | Lower |
Nearby places with a measurably lower figure: Deerfield Beach, FL ($1,774), Delray Beach, FL ($1,961), Lighthouse Point, FL ($1,880).
Nearby places with a measurably higher figure: Hillsboro Beach, FL ($3,346).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Palm Beach County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 (tie) | Jupiter Inlet Colony | $3,500 or more |
| 1 (tie) | Manalapan | $3,500 or more |
| 4 | Jupiter Farms | $3,092 (±$2,997) |
| 5 | Limestone Creek | $2,630 (±$582) |
| 6 | Wellington | $2,562 (±$162) |
| 7 | Juno Beach | $2,527 (±$1,042) |
| 8 | Boca Raton | $2,508 (±$116) |
| 9 | Cabana Colony | $2,421 (±$421) |
| 10 | Palm Beach Gardens | $2,417 (±$80) |
| 11 | Jupiter | $2,381 (±$95) |
| 12 | Palm Beach | $2,311 (±$344) |
| 13 | Royal Palm Beach | $2,273 (±$124) |
| 14 | Hypoluxo | $2,194 (±$208) |
Showing 13 of 51 places in Palm Beach County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Boca Raton
What is the average rent in Boca Raton, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Boca Raton is $2,508 (±$116) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Boca Raton?
In Boca Raton, the median gross rent went from $1,760 in 2015–2019 to $2,508 in 2020–2024 (+42.5%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
How many rentals in Boca Raton cost more than $2,000 a month?
71.2% of rented homes in Boca Raton have a gross rent of $2,000 or more a month, and 1.8% cost less than $500.
Is rent in Boca Raton higher than in Palm Beach County?
In Boca Raton, median gross rent is higher than in Palm Beach County ($1,916).
It is also higher than in Florida ($1,669).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Boca Raton city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Boca Raton city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Boca Raton city, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Boca Raton city, Florida (place:07300, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Boca Raton
- How long people stay in Boca Raton
- Crowding and facilities in Boca Raton
- Fair Market Rent in Boca Raton
- Florida landlord and tenant rules
- Housing across Palm Beach County
- Florida places ranked by median rent
- Housing data for every place in Florida