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Rental Market Trends in Bay Harbor Islands, FL

What is the average rent in Bay Harbor Islands, FL?

$1,782/month

Average Rent

769 Sq Ft

Average Apartment Size

-0.4%

Decrease in the Last Year

As of August 2025, the average rent in Bay Harbor Islands, FL is $1,782 per month. For comparison, the national average rent price in the US is currently $1,638/month, which means Bay Harbor Islands rent prices are 9% higher than the national average. When you rent an apartment in Bay Harbor Islands, you can expect to pay about $1,392 per month for a studio, $1,782 for a one-bedroom apartment, and around $5,057 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $13,962 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,392/month
591 Sq Ft
One Bedroom
$1,782/month
769 Sq Ft
Two Bedroom
$5,057/month
898 Sq Ft
Three Bedroom
$13,962/month
329 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$43,250/month
3,317 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,555/month
1,199 Sq Ft
Two Bedroom
$5,358/month
1,234 Sq Ft
Three Bedroom
$9,595/month
1,999 Sq Ft
Four Bedroom
$13,390/month
2,408 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$9,000/month
2,525 Sq Ft

How much has average rent changed in Bay Harbor Islands, FL?

In the past year, rent has decreased by 0.4%, which averages out to $7 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated August 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Bay Harbor Islands, FL?

Because the average rent in Bay Harbor Islands is $1,782, you’ll want to make about $5,940 per month or $71,280 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Bay Harbor Islands, FL

214 Available Apartments for Rent

Search for Nearby Apartments

How does Bay Harbor Islands, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Bay Harbor Islands, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Nearby City Rent Trends

  • Surfside Average Rent
  • North Bay Village Average Rent
  • North Miami Average Rent
  • Biscayne Park Average Rent
  • Miami Shores Average Rent
  • Sunny Isles Beach Average Rent

Apartment communities in Bay Harbor Islands we think you'll love

The Rexleigh

The Rexleigh

9881 E Bay Harbor Dr,
Bay Harbor Islands, FL 33154

1-2 Beds | $3,900 - $11,250

Clara Bay Harbor

Clara Bay Harbor

10281 W Bay Harbor Dr,
Bay Harbor Islands, FL 33154

2-3 Beds | $10,600 - $13,200

The Oaks Apartments

The Oaks Apartments

1065 94th St,
Bay Harbor Islands, FL 33154

2 Beds | $2,475

10350 W Bay Harbor Dr

10350 W Bay Harbor Dr

10350 W Bay Harbor Dr,
Bay Harbor Islands, FL 33154

2 Beds | $4,750

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United States Florida Bay Harbor Islands Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity