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City Report · FL

Bal Harbour

Pop. 3,055·2nd most expensive in Florida·Bal Harbour rents have dropped 17.2%, currently a renter's market
Median rent (all units)
$8,374/mo
Year-over-Year
-17.2%
Month-over-Month
-0.8%
vs US Median
+$6,409
Falling (Monthly)
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Most AffordableMost Expensive
Bal Harbour · $8,374
More expensive than 100% of US cities · National median $1,965/mo
Rent Reality Score
60/100
Good value
OverheatedFairGreat value

Rents are 5% below what Bal Harbour's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$8,374/mo
Expected by trend
$8,833/mo
The Rent Reality Score compares today's median rent to where Bal Harbour's own long-run trajectory projects it should be. See the full rankings →
Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$100,488/yr
At $8,374/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 17.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-17.2% YoY, -0.8% MoM), not inventory.
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Demographics

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.

Population
3,055
Median income
$80,806
Median age
53.8
Renters
42.4%
Age distribution
18.5%
24.9%
15.6%
32.3%
Under 1818.5%
18–348.6%
35–5424.9%
55–6415.6%
65+32.3%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
73.6%
30.9%
White73.6%
Hispanic30.9%
Education (25+)
19%
18.1%
61.4%
No HS diploma1.5%
HS diploma19%
Some college18.1%
Bachelor's+61.4%
Housing tenure
57.6%
42.4%
Owner57.6%
Renter42.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Bal Harbour, FL has changed in 5 years

Rent
$5,924 → $8,374
up 41.4%
Income
$81,424 → $80,806
down 0.8%
Population
3,037 → 3,055
up 0.6%
Renter share
25% → 42.4%
+17.4 pts
Bachelor's+
60.2% → 61.4%
+1.2 pts

Since 2022, the typical rent in Bal Harbour, FL has increased from $5,924 to $8,374, a 41.4% 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.

Community

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View Bal Harbour rent history (2015–2026) →
Salary vs rent

Can you afford rent in Bal Harbour on your salary?

At $8,374/mo, how Bal Harbour rent compares to typical pay (30% rule).

By apartment size

Bal Harbour rent by bedroom count

Median rent for each apartment size in Bal Harbour. Click any size for full breakdown.

Local insights

Tips for renters in Bal Harbour

About renting in Bal Harbour, FL

Last updated: July 20, 2026

The median rent in Bal Harbour is $8,374/mo as of July 2026.

At 124% of local median household income ($80,806/yr), Bal Harbour ranks as expensive compared to the national benchmark of 30%. Rents have decreased 17.2% over the past year.

FAQ

Frequently asked questions

Is Bal Harbour an affordable city for renters?

Bal Harbour is considered expensive for renters. At $8,374/mo, rent takes approximately 124% of the local median household income ($80,806/yr). The standard benchmark is 30%. Bal Harbour significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Bal Harbour?

To keep rent at or below 30% of gross income, you would need to earn at least $335,000/year (~$161/hour full-time) to afford the median rent of $8,374/mo in Bal Harbour. The local median household income is $80,806/yr, meaning the typical Bal Harbour household falls short of that threshold.

Is rent going up or down in Bal Harbour?

Rent in Bal Harbour has decreased 17.2% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Bal Harbour rent compare to other cities in Florida?

Bal Harbour is one of the pricier cities in Florida for rent, ranking #2 out of 288 tracked cities at $8,374/mo.

Which nearby cities are cheaper to rent in than Bal Harbour?

Several nearby cities have lower median rents than Bal Harbour ($8,374/mo): North Miami ($2,330/mo), North Miami Beach ($2,567/mo), North Bay Village ($3,000/mo).

What percentage of Bal Harbour residents rent vs. own?

According to Census data, approximately 42.4% of Bal Harbour households are renters, while 57.6% are owner-occupied. Bal Harbour leans toward homeownership, which can mean a smaller rental inventory.

How does Bal Harbour rent compare to the national average?

Bal Harbour's median rent of $8,374/mo is $6,409 (326%) above the US national median of $1,965/mo. Within Florida, it ranks #2 out of 288 tracked cities.
Income Affordability
124%
EXPENSIVE

At $8,374/mo, rent takes ~124% of Bal Harbour's median household income ($80,806/yr). The standard benchmark is 30%.

Bal Harbour 124%Benchmark 30%
State income taxNone
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Neighborhoods

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Schools nearby

Public schools near Bal Harbour, FL

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