Rents are 4% above what Bal Harbour's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $6,313 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Bal Harbour is 0.8% below its high of $6,364 in August 2026, at $6,313 as of September 2026.
Rent in Bal Harbour changed +8.4% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($80,806) is $2,020 a month. That is less than HUD's Fair Market Rent for a studio ($2,140).
Bay Harbor Islands, 1 mile away, rents for 27% less ($4,625/mo), about $20,300 a year in savings.
From Zillow's monthly rent index (ZORI) for Bal Harbour. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Bal Harbour, FL is majority owner-occupied, has a large retiree population, 61.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Bal Harbour, FL has changed in 5 years
Since 2022, the typical rent in Bal Harbour, FL has increased from $5,141 to $6,313, a 22.8% change over five years. Household income in the area moved from $81,424 to $80,806 across the same window, down 0.8% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 42.4% of households, compared with 25% five years ago. Reading these numbers side by side helps frame whether current listings in Bal Harbour, FL look reasonable against where the market sat half a decade ago.
Discussions about Bal Harbour
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Can you afford rent in Bal Harbour on your salary?
At $6,313/mo, how Bal Harbour rent compares to typical pay (30% rule).
Bal Harbour rent by bedroom count
Median rent for each apartment size in Bal Harbour. Click any size for full breakdown.
Tips for renters in Bal Harbour
Last updated: October 17, 2026
The median rent in Bal Harbour is $6,313/mo as of October 2026. A studio apartment averages $2,140/mo while a 2-bedroom runs $2,910/mo. One-bedroom apartments average $2,370/mo and 3-bedroom units go for $3,760/mo.
At 94% of local median household income ($80,806/yr), Bal Harbour ranks as expensive compared to the national benchmark of 30%. Rents have increased 8.4% over the past year.
Frequently asked questions
How much income do you need to rent in Bal Harbour?
Is rent going up or down in Bal Harbour?
How does Bal Harbour rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Bal Harbour?
At $6,313/mo, rent takes ~94% of Bal Harbour's median household income ($80,806/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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