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City Report · FL

Margate

Pop. 59,198·143rd most expensive in Florida·Rental market data updated monthly for Margate, FL
Median rent (all units)
$2,154/mo
Year-over-Year
+1.0%
Month-over-Month
+1.4%
vs US Median
+$189
Rising (Monthly)
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Most AffordableMost Expensive
Margate · $2,154
More expensive than 67% of US cities · National median $1,965/mo
Rent Reality Score
61/100
Good value
OverheatedFairGreat value

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

Actual rent
$2,154/mo
Expected by trend
$2,274/mo
The Rent Reality Score compares today's median rent to where Margate's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,690
1 BR
$1,840
2 BR
$2,280
3 BR
$3,150
4 BR+
$3,830
Research median
$2,280/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$25,848/yr
At $2,154/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.0% YoY, +1.4% MoM), not inventory.
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Demographics

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.

Population
59,198
Median income
$62,450
Median age
45
Renters
22.8%
Age distribution
17.3%
18.5%
24.6%
16.1%
23.5%
Under 1817.3%
18–3418.5%
35–5424.6%
55–6416.1%
65+23.5%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
33.6%
33.7%
26.7%
White33.6%
Black33.7%
Hispanic26.7%
Asian3.2%
Other2.8%
Education (25+)
33.6%
29.7%
24.7%
No HS diploma12%
HS diploma33.6%
Some college29.7%
Bachelor's+24.7%
Housing tenure
77.2%
22.8%
Owner77.2%
Renter22.8%

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

2022 vs 2026

How Margate, FL has changed in 5 years

Rent
$1,911 → $2,154
up 12.7%
Income
$52,881 → $62,450
up 18.1%
Population
58,331 → 59,198
up 1.5%
Renter share
25.8% → 22.8%
-3.0 pts
Bachelor's+
23.3% → 24.7%
+1.4 pts
Median age
46.6 → 45
-1.6 yrs

The median rent in Margate, FL stood at $1,911 in 2022 and currently runs about $2,154, reflecting a 12.7% 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.

Community

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View Margate rent history (2015–2026) →
Salary vs rent

Can you afford rent in Margate on your salary?

At $2,154/mo, how Margate rent compares to typical pay (30% rule).

By apartment size

Margate rent by bedroom count

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

Local insights

Tips for renters in Margate

About renting in Margate, FL

Last updated: July 20, 2026

The median rent in Margate is $2,154/mo as of July 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 41% of local median household income ($62,450/yr), Margate ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

Is Margate an affordable city for renters?

Margate is considered stretched for renters. At $2,154/mo, rent takes approximately 41% of the local median household income ($62,450/yr). The standard benchmark is 30%. Margate significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Margate?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (~$41/hour full-time) to afford the median rent of $2,154/mo in Margate. The local median household income is $62,450/yr, meaning the typical Margate household falls short of that threshold.

Is rent going up or down in Margate?

Rent in Margate has increased 1.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Margate rent compare to other cities in Florida?

Margate is middle-of-the-pack for Florida for rent, ranking #143 out of 288 tracked cities at $2,154/mo.

What percentage of Margate residents rent vs. own?

According to Census data, approximately 22.8% of Margate households are renters, while 77.2% are owner-occupied. Margate leans toward homeownership, which can mean a smaller rental inventory.

How does Margate rent compare to the national average?

Margate's median rent of $2,154/mo is $189 (10%) above the US national median of $1,965/mo. Within Florida, it ranks #143 out of 288 tracked cities.
Income Affordability
41%
STRETCHED

At $2,154/mo, rent takes ~41% of Margate's median household income ($62,450/yr). The standard benchmark is 30%.

Margate 41%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Margate, FL

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