Renters Face Rising Prices In Most South Florida Cities. But Not Everywhere
If rents for November are any indication, people with an apartment search in mind could be facing rising prices in a majority of South Florida’s large cities.
But rents are cooling in several marquee markets such as Fort Lauderdale and Miami, a national survey shows.
A 37-city survey conducted by RentCafe showed rents for November declined a half percent in Fort Lauderdale to an average of $1,968, with Miami easing by 0.7% to $1,696. But in West Palm Beach, where out-of-town businesses are trolling for locations, and apartment projects are under way, rentals are up by 4.1% to $1,528 on average.
Read more at our news partner the South Florida Sun Sentinel.