As of January 2025, Boca Raton's rental market exhibits a blend of stability and high demand, reflecting broader trends in Southeast Florida

Current Rental Prices
The average rent in Boca Raton stands at $2,283 per month, which is 47% higher than the national average of $1,554. This figure represents a slight 0.2% decrease from the previous year. Rental rates vary by unit size:
Studio: $2,025/month
One-bedroom: $2,283/month
Two-bedroom: $2,934/month
Three-bedroom: $3,842/month
These averages are based on data from
Zillow reports a higher median rent of $3,250 for all property types in Boca Raton, indicating a $200 decrease from the previous year. The price range spans from $675 to $50,000, reflecting the city's diverse rental offerings.
Market Dynamics
Southeast Florida's rental demand is expected to strengthen in 2025 due to elevated mortgage rates and ongoing migration from high-cost states. The Miami Association of Realtors anticipates the 30-year fixed mortgage rate to average 6.8% in 2025, making renting a more attractive option for many.
Neighborhood Insights
Rental prices in Boca Raton vary by neighborhood:
West Boca Raton: $2,216/month
Downtown Boca Raton: $2,697/month
Mizner Park: $3,331/month
West Boca Raton is among the more affordable areas, while Mizner Park ranks as the most expensive.
Affordability Considerations
To live comfortably in Boca Raton, it's recommended to have a monthly income of approximately $7,610, or $91,320 annually, assuming that 30% of income is allocated to rent. This benchmark helps ensure financial stability while accommodating the city's higher-than-average rental costs.
Boca Raton's rental market in 2025 is characterized by high demand and premium pricing, influenced by regional economic factors and migration trends. Prospective renters should carefully assess their financial situations and explore various neighborhoods to find options that align with their budgets and lifestyle preferences.
Sources:
1. Apartments.com. "Average Rent in Boca Raton, FL - Latest Rent Prices by Neighborhood."
2. Zillow Rental Manager. "Average Rental Price in Boca Raton, FL & Market Trends." zillow.com
3. MIAMI REALTORS®. "Southeast Florida’s Rental Demand is Poised to Strengthen in 2025." miamirealtors.com
Comments