Rents are 7% below what Margate'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 $2,047 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 Margate is 2.2% below its high of $2,093 in January 2026, at $2,047 as of September 2026.
Rent in Margate changed -1.2% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent has fallen 4 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($62,450) is $1,561 a month. That is less than HUD's Fair Market Rent for a studio ($1,690).
From Zillow's monthly rent index (ZORI) for Margate. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Margate, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 24.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Margate, FL has changed in 5 years
The median rent in Margate, FL stood at $1,822 in 2022 and currently runs about $2,047, reflecting a 12.3% increase over the period. On the earnings side, the typical household in Margate, FL now reports about $62,450, up from $52,881 in 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 1.5% since 2021, moving from about 58,331 residents to roughly 59,198. Renters now make up 22.8% of households, compared with 25.8% five years ago. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and Margate, FL reflects that arc in its own way.
Discussions about Margate
No discussions yet. Start the conversation.
Can you afford rent in Margate on your salary?
At $2,047/mo, how Margate rent compares to typical pay (30% rule).
Margate rent by bedroom count
Median rent for each apartment size in Margate. Click any size for full breakdown.
Tips for renters in Margate
Last updated: October 17, 2026
The median rent in Margate is $2,047/mo as of October 2026. A studio apartment averages $1,690/mo while a 2-bedroom runs $2,280/mo. One-bedroom apartments average $1,840/mo and 3-bedroom units go for $3,150/mo.
At 39% of local median household income ($62,450/yr), Margate ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.2% over the past year.
Frequently asked questions
How much income do you need to rent in Margate?
Is rent going up or down in Margate?
How does Margate rent compare to other cities in Florida?
At $2,047/mo, rent takes ~39% of Margate's median household income ($62,450/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Margate.
No discussions yet.