How much does it cost to rent in Bay Harbor Islands, FL?

As of July 2026, the median monthly rent in Bay Harbor Islands, FL is $3,303. This figure is based on aggregated data from public sources and community-submitted rents.

Is Bay Harbor Islands cheaper than other Florida cities?

Bay Harbor Islands is one of the pricier cities in Florida, ranking #19 out of 288 cities tracked at $3,303/mo.

When was Bay Harbor Islands rent data last updated?

Bay Harbor Islands rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Bay Harbor Islands

Name: Average Rent Prices in Bay Harbor Islands, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 5,847·19th most expensive in Florida·Bay Harbor Islands rents are up 19.2% over the past year

Median rent (all units)

$3,303/mo

Year-over-Year

+19.2%

Month-over-Month

+8.9%

vs US Median

+$1,338

Rising (Monthly)

Be the first to discuss Bay Harbor Islands rents ↓

Most AffordableMost Expensive

Bay Harbor Islands · $3,303

More expensive than 94% of US cities · National median $1,965/mo

Affordability

44% of income

STRETCHED

0%30% benchmark60%+

At $3,303/mo, rent takes about 44% of the local median household income, well above the 30% benchmark.

Income to afford

$132,000/yr

Local median income

$89,663/yr

Based on the 30%-of-income rule using Bay Harbor Islands's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

1 BR

$1,829

2 BR

$2,687

Research median

$2,687/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$39,636/yr

At $3,303/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 19.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+19.2% YoY, +8.9% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Bay Harbor Islands, FL is roughly split between renters and owners, has a large share of families with children, has a median income above the national average, 56.5% of residents hold a bachelor's degree or higher.

Population

5,847

Median income

$89,663

Median age

35.9

Renters

51.1%

Age distribution

31.1%

14.9%

32%

15.6%

Under 1831.1%

18–3414.9%

35–5432%

55–646.4%

65+15.6%

Gender

38.1%

61.9%

Male38.1%

Female61.9%

Race & ethnicity

47.3%

56.1%

White47.3%

Black1.4%

Hispanic56.1%

Education (25+)

16.8%

25%

56.5%

No HS diploma1.8%

HS diploma16.8%

Some college25%

Bachelor's+56.5%

Housing tenure

48.9%

51.1%

Owner48.9%

Renter51.1%

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

2022 vs 2026

How Bay Harbor Islands, FL has changed in 5 years

Rent

$2,644 → $3,303

up 24.9%

Income

$79,824 → $89,663

up 12.3%

Population

5,880 → 5,847

down 0.6%

Renter share

48.8% → 51.1%

+2.3 pts

Bachelor's+

53.8% → 56.5%

+2.7 pts

Median age

36.6 → 35.9

-0.7 yrs

Compared with 2022, rent in Bay Harbor Islands, FL has climbed by $659 per month, settling near $3,303 after starting the period at $2,644. Household income in the area moved from $79,824 to $89,663 across the same window, up 12.3% versus 2021. Rent outpaced income growth by roughly 12.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 51.1% of households rent today, against 48.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 53.8% to 56.5%. Reading these numbers side by side helps frame whether current listings in Bay Harbor Islands, FL look reasonable against where the market sat half a decade ago.

Community

Discussions about Bay Harbor Islands

No discussions yet. Start the conversation.

View Bay Harbor Islands rent history (2015–2026) →

Salary vs rent

Can you afford rent in Bay Harbor Islands on your salary?

At $3,303/mo, how Bay Harbor Islands rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 45.1% income

rent-burdened

Elementary School Teacher

Avg $62,384/yr · Rent = 63.5% income

severely rent-burdened

Police Officer

Avg $71,861/yr · Rent = 55.2% income

severely rent-burdened

Software Developer

Avg $128,442/yr · Rent = 30.9% income

stretched

Lawyer

Avg $164,117/yr · Rent = 24.2% income

affordable

Firefighter

Avg $58,413/yr · Rent = 67.9% income

severely rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 75.2% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 61% income

severely rent-burdened

By apartment size

Bay Harbor Islands rent by bedroom count

Median rent for each apartment size in Bay Harbor Islands. Click any size for full breakdown.

Local insights

Tips for renters in Bay Harbor Islands

About renting in Bay Harbor Islands, FL

Last updated: July 20, 2026

The median rent in Bay Harbor Islands is $3,303/mo as of July 2026. a 2-bedroom runs $2,687/mo. One-bedroom apartments average $1,829/mo.

At 44% of local median household income ($89,663/yr), Bay Harbor Islands ranks as moderate compared to the national benchmark of 30%. Rents have increased 19.2% over the past year.

FAQ

Frequently asked questions

Is Bay Harbor Islands an affordable city for renters?

Bay Harbor Islands is considered stretched for renters. At $3,303/mo, rent takes approximately 44% of the local median household income ($89,663/yr). The standard benchmark is 30%. Bay Harbor Islands significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Bay Harbor Islands?

To keep rent at or below 30% of gross income, you would need to earn at least $132,000/year (~$63/hour full-time) to afford the median rent of $3,303/mo in Bay Harbor Islands. The local median household income is $89,663/yr, meaning the typical Bay Harbor Islands household falls short of that threshold.

Is rent going up or down in Bay Harbor Islands?

Rent in Bay Harbor Islands has increased 19.2% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Bay Harbor Islands rent compare to other cities in Florida?

Bay Harbor Islands is one of the pricier cities in Florida for rent, ranking #19 out of 288 tracked cities at $3,303/mo.

Which nearby cities are cheaper to rent in than Bay Harbor Islands?

Several nearby cities have lower median rents than Bay Harbor Islands ($3,303/mo): North Miami ($2,330/mo), North Miami Beach ($2,567/mo), North Bay Village ($3,000/mo).

What percentage of Bay Harbor Islands residents rent vs. own?

According to Census data, approximately 51.1% of Bay Harbor Islands households are renters, while 48.9% are owner-occupied. With a majority renter population, Bay Harbor Islands has a strong rental market.

How does Bay Harbor Islands rent compare to the national average?

Bay Harbor Islands's median rent of $3,303/mo is $1,338 (68%) above the US national median of $1,965/mo. Within Florida, it ranks #19 out of 288 tracked cities.

Income Affordability

44%

STRETCHED

At $3,303/mo, rent takes ~44% of Bay Harbor Islands's median household income ($89,663/yr). The standard benchmark is 30%.

Bay Harbor Islands 44%Benchmark 30%

State income taxNone

Run the Bay Harbor Islands affordability calculator →

Nearby cities