What is the median rent in North Bay Village, FL?
The median gross rent in North Bay Village, FL is $2,157 (±$107) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 2,029 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In North Bay Village, the median gross rent went from $1,764 in 2015–2019 to $2,157 in 2020–2024 (+22.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $2,157 (±$107)
- Rented homes
- 2,029 (±281)
- $2,000 or more
- 63.9%
- Since 2015–2019
- +22.3%
How much rent costs in North Bay Village
| Monthly gross rent | North Bay Village | Miami-Dade County | Florida | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±2.6 points) | 5.7% | 3.6% | 6.3% |
| $500 to $999 | 0.0% (±2.6 points) | 6.3% | 10.7% | 20.2% |
| $1,000 to $1,499 | 6.7% (±4.8 points) | 19.0% | 26.0% | 28.1% |
| $1,500 to $1,999 | 29.4% (±12.0 points) | 28.8% | 28.8% | 21.1% |
| $2,000 to $2,499 | 44.3% (±12.8 points) | 19.5% | 17.4% | 12.0% |
| $2,500 to $2,999 | 4.8% (±3.8 points) | 9.9% | 7.2% | 5.5% |
| $3,000 or more | 14.8% (±7.2 points) | 10.8% | 6.3% | 6.8% |
The most common range is $2,000 to $2,499, paid by 44.3% of renting households.
63.9% of rented homes in North Bay Village cost $2,000 or more a month.
North Bay Village against Miami-Dade County, its state and the nation
| North Bay Village | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Median gross rent | $2,157 (±$107) | $1,829 (±$10) | $1,669 (±$5) | $1,413 |
| Rented homes paying rent | 2,029 (±281) | 451,853 (±5,202) | 2,716,443 (±16,958) | 42,849,984 |
In North Bay Village, median gross rent is higher than in Miami-Dade County ($1,829).
It is also higher than in Florida ($1,669).
It is higher than the national figure ($1,413).
In Miami-Dade County, North Bay Village ranks 15 of 66 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 102 of 793.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in North Bay Village has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,764 (±$71) | $2,157 (±$107) | +22.3% | No measurable change after inflation |
| Households that rent | 68.2% (±5.0 points) | 57.6% (±7.5 points) | −10.6 percentage points | Measurable decrease |
| Rental vacancy rate | 3.7% (±2.7 points) | 7.1% (±6.9 points) | +3.4 percentage points | Not a measurable change |
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 North Bay Village
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| North Bay Village | — | $2,157 (±$107) | — |
| Miami Shores | 2.1 mi | $2,657 (±$664) | Not measurably different |
| Surfside | 2.6 mi | $1,866 (±$349) | Not measurably different |
| Miami Beach | 2.7 mi | $1,826 (±$36) | Lower |
| El Portal | 2.8 mi | $2,042 (±$743) | Not measurably different |
| Bay Harbor Islands | 2.9 mi | $2,442 (±$309) | Not measurably different |
| Biscayne Park | 2.9 mi | $1,529 (±$341) | Lower |
| Bal Harbour | 3.5 mi | $2,804 (±$747) | Not measurably different |
| North Miami | 3.7 mi | $1,702 (±$47) | Lower |
Nearby places with a measurably lower figure: Miami Beach, FL ($1,826), Biscayne Park, FL ($1,529), North Miami, FL ($1,702).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Miami-Dade County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 9 | Westwood Lakes | $2,472 (±$474) |
| 10 | Bay Harbor Islands | $2,442 (±$309) |
| 11 | Coral Gables | $2,373 (±$209) |
| 12 | Three Lakes | $2,361 (±$126) |
| 13 | West Miami | $2,210 (±$140) |
| 14 | The Hammocks | $2,187 (±$67) |
| 15 | North Bay Village | $2,157 (±$107) |
| 16 | Olympia Heights | $2,124 (±$583) |
| 17 | Miami Lakes | $2,120 (±$93) |
| 18 | Sunset | $2,118 (±$158) |
| 19 | Ives Estates | $2,110 (±$152) |
| 20 | The Crossings | $2,103 (±$218) |
| 21 | Palmetto Bay | $2,101 (±$274) |
Showing 13 of 66 places in Miami-Dade 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 North Bay Village
What is the average rent in North Bay Village, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in North Bay Village is $2,157 (±$107) 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 North Bay Village?
In North Bay Village, the median gross rent went from $1,764 in 2015–2019 to $2,157 in 2020–2024 (+22.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in North Bay Village cost more than $2,000 a month?
63.9% of rented homes in North Bay Village have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in North Bay Village higher than in Miami-Dade County?
In North Bay Village, median gross rent is higher than in Miami-Dade County ($1,829).
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 — North Bay Village city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — North Bay Village city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — North Bay Village 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 North Bay Village city, Florida (place:49225, 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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- Vacancy rate in North Bay Village
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- Population growth in North Bay Village
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- Crowding and facilities in North Bay Village
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- Housing across Miami-Dade County
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- Housing data for every place in Florida