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Rental Market Trends in Homestead, FL

What is the average rent in Homestead, FL?

$1,380/month

Average Rent

586 Sq Ft

Average Apartment Size

-1.2%

Decrease in the Last Year

As of July 2025, the average rent in Homestead, FL is $1,380 per month. This is 16% lower than the national average rent of $1,637/month, making renting in Homestead more affordable than most cities in the US. When you rent an apartment in Homestead, you can expect to pay about $840 per month for a studio, $1,380 for a one-bedroom apartment, and around $1,772 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,060 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$840/month
324 Sq Ft
One Bedroom
$1,380/month
586 Sq Ft
Two Bedroom
$1,772/month
758 Sq Ft
Three Bedroom
$2,060/month
1,243 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,246/month
1,202 Sq Ft
Three Bedroom
$2,929/month
1,441 Sq Ft
Four Bedroom
$4,080/month
2,056 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,212/month
673 Sq Ft
Two Bedroom
$1,962/month
941 Sq Ft
Three Bedroom
$2,188/month
1,122 Sq Ft
Four Bedroom
$2,741/month
1,259 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,073/month
1,062 Sq Ft
Three Bedroom
$2,660/month
1,271 Sq Ft
Four Bedroom
$3,102/month
1,491 Sq Ft

How much has average rent changed in Homestead, FL?

In the past year, rent has decreased by 1.2%, which averages out to $15 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Homestead, FL
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Homestead, FL
Percentage*
Rent Range
9% Below $700/month
30% $700 - $1,000/month
25% $1,001 - $1,500/month
16% $1,501 - $2,000/month
20% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Homestead?

Based on current rent prices, Homestead/South Dade is the most affordable neighborhood in Homestead.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Homestead/South Dade
$1,979/month
796 Sq Ft

What are the most expensive neighborhoods in Homestead?

Based on current rent prices, Homestead/South Dade is the most expensive neighborhood in Homestead.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Homestead/South Dade
$1,979/month
796 Sq Ft

Which Homestead neighborhoods have the most rentals available?

The neighborhood in Homestead with the most apartments available is Homestead/South Dade .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Homestead/South Dade
$1,979/month
796 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Homestead, FL?

Because the average rent in Homestead is $1,380, you’ll want to make about $4,600 per month or $55,200 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

Homestead, FL

1,627 Available Apartments for Rent

Search for Nearby Apartments

How does Homestead, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Homestead, 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.

Explore the Area Guide for Homestead, FL

Apartment Averages

Homestead/South Dade

Homestead, FL

Homestead/South Dade

Homestead, FL

Studio
$1,257/month
$1,257/month
One Bedroom
$1,685/month
$1,685/month
Two Bedroom
$2,003/month
$2,003/month
Three Bedroom
$2,326/month
$2,326/month
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Nearby City Rent Trends

  • Florida City Average Rent
  • Naranja Average Rent
  • Princeton Average Rent

Apartment communities in Homestead we think you'll love

Dixie Breeze

Dixie Breeze

14770 SW SW St St,
Homestead, FL 33032

1-2 Beds | $2,010 - $2,670

Vista Sur

Vista Sur

27077 S Dixie Hwy,
Naranja, FL 33032

1-2 Beds | $1,889 - $2,888

Sophia Square

Sophia Square

13710 SW 256th St,
Homestead, FL 33032

1-3 Beds | $1,665 - $2,260

The Olivia

The Olivia

14981 SW 283rd St,
Homestead, FL 33033

1-3 Beds | $1,790 - $2,550

Property Management Companies in Homestead, FL

Royal American Companies
Royal American Companies
  • 22

    Communities

  • 3,024

    Units

  • 18

    Cities

3 Communities in Homestead
Related Group
Related Group
  • 17

    Communities

  • 4,655

    Units

  • 11

    Cities

3 Communities in Homestead
IMC Equity Group
IMC Equity Group
  • 11

    Communities

  • 1,875

    Units

  • 8

    Cities

2 Communities in Homestead
ZRS Management
ZRS Management
  • 324

    Communities

  • 95,743

    Units

  • 136

    Cities

1 Community in Homestead
Pegasus Residential
Pegasus Residential
  • 181

    Communities

  • 43,358

    Units

  • 96

    Cities

1 Community in Homestead
The Richman Group of Companies
The Richman Group of Companies
  • 48

    Communities

  • 11,711

    Units

  • 37

    Cities

1 Community in Homestead
The Wingate Companies
The Wingate Companies
  • 48

    Communities

  • 8,037

    Units

  • 35

    Cities

1 Community in Homestead
Grand Peaks
Grand Peaks
  • 39

    Communities

  • 11,034

    Units

  • 25

    Cities

1 Community in Homestead

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United States Florida Homestead 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