Rents are right about where North Bay Village's 10-year trend predicts.
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 $2,828 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
January. Asking rents in North Bay Village usually run 1.7% below trend in January and 1.3% above it in June, about $85 a month apart at today's median. Based on 5 years of data.
Rent in North Bay Village is at its highest level since Zillow's records here began in October 2021.
Rent in North Bay Village changed +6.1% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($84,405) is $2,110 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,990); a 2-bedroom is $2,361.
North Miami, 4 miles away, rents for 25% less ($2,133/mo), about $8,300 a year in savings.
From Zillow's monthly rent index (ZORI) for North Bay Village. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. 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
North Bay Village, FL is majority renter-occupied, 45% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How North Bay Village, FL has changed in 5 years
The median rent in North Bay Village, FL stood at $2,551 in 2022 and currently runs about $2,828, reflecting a 10.9% increase over the period. Census figures show median household income at $84,405 today, compared with $65,857 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. Renters now make up 57.6% of households, compared with 64.1% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.
Discussions about North Bay Village
No discussions yet. Start the conversation.
Can you afford rent in North Bay Village on your salary?
At $2,828/mo, how North Bay Village rent compares to typical pay (30% rule).
North Bay Village rent by bedroom count
Median rent for each apartment size in North Bay Village. Click any size for full breakdown.
Tips for renters in North Bay Village
Last updated: October 17, 2026
The median rent in North Bay Village is $2,828/mo as of October 2026. A studio apartment averages $1,664/mo while a 2-bedroom runs $2,361/mo. One-bedroom apartments average $1,990/mo and 3-bedroom units go for $3,453/mo.
At 40% of local median household income ($84,405/yr), North Bay Village ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.1% over the past year.
Frequently asked questions
How much income do you need to rent in North Bay Village?
Is rent going up or down in North Bay Village?
When is the cheapest time to rent in North Bay Village?
How does North Bay Village rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than North Bay Village?
At $2,828/mo, rent takes ~40% of North Bay Village's median household income ($84,405/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 North Bay Village.
No discussions yet.