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Rental Market Trends in Bay Harbor Islands, FL

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

$1,754/month

Average Rent

772 Sq Ft

Average Apartment Size

-3.8%

Decrease in the Last Year

As of May 2026, the average rent in Bay Harbor Islands, FL is $1,754 per month. For comparison, the national average rent price in the US is currently $1,644/month, which means Bay Harbor Islands rent prices are 7% higher than the national average. When you rent an apartment in Bay Harbor Islands, you can expect to pay about $1,423 per month for a studio, $1,754 for a one-bedroom apartment, and around $3,962 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $10,958 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,423/month
591 Sq Ft
One Bedroom
$1,754/month
772 Sq Ft
Two Bedroom
$3,962/month
1,331 Sq Ft
Three Bedroom
$10,958/month
2,070 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,305/month
890 Sq Ft
Two Bedroom
$5,865/month
1,274 Sq Ft
Three Bedroom
$14,213/month
2,052 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

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

In the past year, rent has decreased by 3.8%, which averages out to $66 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 May 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Bay Harbor Islands, FL
Last Updated May 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Bay Harbor Islands, FL
Percentage*
Rent Range
0% Below $700/month
9% $700 - $1,000/month
9% $1,001 - $1,500/month
27% $1,501 - $2,000/month
55% Above $2,000/month

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

Because the average rent in Bay Harbor Islands is $1,754, you’ll want to make about $5,846 per month or $70,152 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

121 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

Crestview Apartments

Crestview Apartments

9181 W Bay Harbor Dr,
Bay Harbor Islands, FL 33154

$1,750 - $2,000

Studio - 2 Beds

The Oaks Apartments

The Oaks Apartments

1065 94th St,
Bay Harbor Islands, FL 33154

$2,675

2 Beds

1120 98th St

1120 98th St

1120 98th St,
Bay Harbor Islands, FL 33154

$4,500 Total Monthly Price

2 Beds

9221 E Bay Harbor Dr

9221 E Bay Harbor Dr

9221 E Bay Harbor Dr,
Bay Harbor Islands, FL 33154

$6,300 Total Monthly Price

1 Bed

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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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity