Legacy at Margate
5215 Coconut Creek Pky,
Margate, FL 33063
1-3 Beds | $2,075 - $3,020
Rental Market Trends in Margate, FL
Updated July 2026
The average rent in Margate, FL is $1,904/month.
Rent in Margate is roughly equal to the national average rent of of $1,662/month.
$1,904/month
Average Rent
765 Sq Ft
Average Size
+3.4%
Change / Year
1,247
Available Apartments
Margate rent varies by unit size and layout:
- Studio apartments in Margate average $1,408 per month.
- One-bedroom apartments in Margate average $1,904 per month.
- Two-bedroom apartments in Margate average $2,193 per month.
- Three-bedroom apartments in Margate average $2,858 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Margate, FL?
In the past year, rent has increased by 3.4%, which averages out to $66 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Margate, FL
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
20%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
47%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Margate?
Based on current rent prices, North Margate and Holiday Springs" are the most affordable neighborhoods in Margate.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Margate?
Based on current rent prices, Holiday Springs and North Margate" are the most expensive neighborhoods in Margate.
Neighborhood
Average Rent
Average Sq Ft
Which Margate neighborhoods have the most rentals available?
The neighborhoods in Margate with the most apartments available are Holiday Springs and North Margate" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Margate, FL?
Because the average rent in Margate is $1,904, you’ll want to make about $6,346 per month or $76,152 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.
How does Margate, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Margate, 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.
View the Margate Area GuideStudio
-
-
One Bedroom
-
$2,073/month
Two Bedroom
-
$2,358/month
Three Bedroom
-
$2,748/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Margate?
The average rent in Margate is $1,904 per month, which is 14.6% higher than the national average of $1,662.
What is the average rent for a house in Margate?
The average rent for a house in Margate, FL is $3,286 per month.
What is the average rent for a townhome in Margate?
The average rent for a townhome in Margate, FL is $2,345 per month.
What is the average rent for a condo in Margate?
The average rent for a condo in Margate, FL is $1,601 per month.
Are rents going up or down in Margate?
Rents in Margate, FL are increasing, with prices up 3.4% year-over-year and $66 more per month.
What rent range is most common in Margate?
In Margate, FL, 47% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 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.