Margate renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Margate is about $1,533 per month. This puts it in the 73rd percentile compared to the state average cost of rent, which is $1,532. Households in Margate have a median income of $4,523 per month so the average renter in Margate is spending roughly 34% of their earnings on housing.
Nationally, and in Margate, home values are the data point most closely correlated with the cost of rent. The median price of a home in Margate is $246,365 right now, which is lower than cities nearby, meaning that rents in Margate also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Margate while lower rent rates are often available in western areas.
Nearby Cities
- North Lauderdale, FL: more expensive rent prices
- Coconut Creek, FL: more expensive rent prices
- Coral Springs, FL: more expensive rent prices
- Tamarac, FL: more expensive rent prices
- Parkland, FL: more expensive rent prices
- Pompano Beach, FL: more expensive rent prices
- Lauderdale Lakes, FL: less expensive rent prices
- Hillsboro Pines, FL: more expensive rent prices
- Lauderhill, FL: more expensive rent prices
- Oakland Park, FL: less expensive rent prices
Cities with Similar Populations
- Santee, CA: more expensive rent prices
- Downers Grove, IL: more expensive rent prices
- Massillon, OH: less expensive rent prices
- Midwest City, OK: less expensive rent prices
- Owings Mills, MD: more expensive rent prices
- Westminster, MD: more expensive rent prices
- Fresh Meadows, NY: more expensive rent prices
- Danville, VA: less expensive rent prices
- Roswell, NM: less expensive rent prices
- New Baltimore, MI: less expensive rent prices
All Local Stats
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