Rents are 5% below what Bay Harbor Islands's 10-year trend predicts — a better deal than its own history suggests.
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 $4,625 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 Bay Harbor Islands is 1.5% below its high of $4,696 in October 2025, at $4,625 as of September 2026.
Rent in Bay Harbor Islands changed -0.6% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent has risen 2 months in a row, and rose in 6 of the last 12 months.
North Miami, 3 miles away, rents for 54% less ($2,133/mo), about $29,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Bay Harbor Islands.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Bay Harbor Islands, FL has changed in 5 years
Compared with 2022, rent in Bay Harbor Islands, FL has climbed by $566 per month, settling near $4,625 after starting the period at $4,059. Household income in the area moved from $79,824 to $89,663 across the same window, up 12.3% versus 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.
Discussions about Bay Harbor Islands
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Can you afford rent in Bay Harbor Islands on your salary?
At $4,625/mo, how Bay Harbor Islands rent compares to typical pay (30% rule).
Bay Harbor Islands rent by bedroom count
Median rent for each apartment size in Bay Harbor Islands. Click any size for full breakdown.
Tips for renters in Bay Harbor Islands
Last updated: October 17, 2026
The median rent in Bay Harbor Islands is $4,625/mo as of October 2026. a 2-bedroom runs $2,687/mo. One-bedroom apartments average $1,829/mo.
At 62% of local median household income ($89,663/yr), Bay Harbor Islands ranks as expensive compared to the national benchmark of 30%. Rents have decreased 0.6% over the past year.
Frequently asked questions
How much income do you need to rent in Bay Harbor Islands?
Is rent going up or down in Bay Harbor Islands?
How does Bay Harbor Islands rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Bay Harbor Islands?
At $4,625/mo, rent takes ~62% of Bay Harbor Islands's median household income ($89,663/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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