What is the median rent in Palmetto Estates, FL?

Name: Median rent in Palmetto Estates, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Palmetto Estates, FL is $1,948 (±$292) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 515 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Palmetto Estates, the median gross rent went from $1,519 in 2015–2019 to $1,948 in 2020–2024 (+28.2%).

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 November 12, 2026.

Median gross rent: $1,948 (±$292)
Rented homes: 515 (±132)
$2,000 or more: 48.2%
Since 2015–2019: +28.2%

How much rent costs in Palmetto Estates

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Palmetto Estates	Miami-Dade County	Florida	United States
Less than $500	18.8% (±12.8 points)	5.7%	3.6%	6.3%
$500 to $999	0.0% (±9.7 points)	6.3%	10.7%	20.2%
$1,000 to $1,499	15.1% (±10.5 points)	19.0%	26.0%	28.1%
$1,500 to $1,999	17.9% (±12.9 points)	28.8%	28.8%	21.1%
$2,000 to $2,499	36.3% (±14.7 points)	19.5%	17.4%	12.0%
$2,500 to $2,999	4.5% (±4.4 points)	9.9%	7.2%	5.5%
$3,000 or more	7.4% (±5.6 points)	10.8%	6.3%	6.8%

The most common range is $2,000 to $2,499, paid by 36.3% of renting households.

48.2% of rented homes in Palmetto Estates cost $2,000 or more a month.

Palmetto Estates against Miami-Dade County, its state and the nation

Estimate (90% margin of error)
	Palmetto Estates	Miami-Dade County	Florida	United States
Median gross rent	$1,948 (±$292)	$1,829 (±$10)	$1,669 (±$5)	$1,413
Rented homes paying rent	515 (±132)	451,853 (±5,202)	2,716,443 (±16,958)	42,849,984

In Palmetto Estates, median gross rent is not measurably different from Miami-Dade County ($1,829).

It is not measurably different from Florida ($1,669).

It is higher than the national figure ($1,413).

In Miami-Dade County, Palmetto Estates ranks 28 of 66 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 178 of 793.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Palmetto Estates has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,519 (±$142)	$1,948 (±$292)	+28.2%	No measurable change after inflation
Households that rent	22.0% (±4.6 points)	13.7% (±3.6 points)	−8.3 percentage points	Measurable decrease
Rental vacancy rate	3.9% (±3.6 points)	0.0% (±8.7 points)	−3.9 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 Palmetto Estates

Nearest places with a published estimate, compared with Palmetto Estates
Place	Distance	Median gross rent	Compared with this place
Palmetto Estates	—	$1,948 (±$292)	—
Richmond Heights	1.0 mi	$1,801 (±$94)	Not measurably different
West Perrine	1.2 mi	$1,488 (±$153)	Lower
Palmetto Bay	2.6 mi	$2,101 (±$274)	Not measurably different
Three Lakes	2.8 mi	$2,361 (±$126)	Higher
South Miami Heights	2.9 mi	$1,605 (±$98)	Lower
Kendall	3.3 mi	$1,905 (±$52)	Not measurably different
Cutler Bay	3.6 mi	$1,978 (±$158)	Not measurably different
The Crossings	4.1 mi	$2,103 (±$218)	Not measurably different

Nearby places with a measurably lower figure: West Perrine, FL ($1,488), South Miami Heights, FL ($1,605).

Nearby places with a measurably higher figure: Three Lakes, FL ($2,361).

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
22	Sunny Isles Beach	$2,096 (±$136)
23	Fountainebleau	$2,094 (±$71)
24	El Portal	$2,042 (±$743)
25	Cutler Bay	$1,978 (±$158)
26	Glenvar Heights	$1,973 (±$96)
27	Kendale Lakes	$1,968 (±$100)
28	Palmetto Estates	$1,948 (±$292)
29 (tie)	Hialeah Gardens	$1,946 (±$106)
29 (tie)	Pinecrest	$1,946 (±$173)
31	Tamiami	$1,939 (±$104)
32	Kendall	$1,905 (±$52)
33	Country Club	$1,899 (±$44)
34	Surfside	$1,866 (±$349)

Showing 13 of 66 places in Miami-Dade County, ranked from highest to lowest.

Palmetto Estates is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

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 Palmetto Estates

What is the average rent in Palmetto Estates, FL?

The Census Bureau publishes the median rather than the average: the median gross rent in Palmetto Estates is $1,948 (±$292) 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 Palmetto Estates?

In Palmetto Estates, the median gross rent went from $1,519 in 2015–2019 to $1,948 in 2020–2024 (+28.2%).

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 Palmetto Estates cost more than $2,000 a month?

48.2% of rented homes in Palmetto Estates have a gross rent of $2,000 or more a month, and 18.8% cost less than $500.

Is rent in Palmetto Estates higher than in Miami-Dade County?

In Palmetto Estates, median gross rent is not measurably different from Miami-Dade County ($1,829).

It is not measurably different from 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

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 Palmetto Estates CDP, Florida (place:54300, 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.

Request a Census API 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.