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Middle of the Road for South Florida Apartment Rents

MIAMI-Average two-bedroom apartment rents in the city and Fort Lauderdale were approximately $700 above the lowest of $490 in the second quarter 2003 ACCRA Cost of Living Index.

By Melissa Bogdany | Updated on August 22, 2003

MIAMI-The city and Fort Lauderdale show a healthy apartment market, as they fared in the middle of the most and least expensive apartment housing cost, according to the newly released second quarter 2003 ACCRA Cost of Living Index.

The average rent cost in the city came out at $1,200 a month, while the average monthly rent in Fort Lauderdale was a little higher at $1,217 a month. And increased employment in the South Florida area should only increase demand for rental units, according to recent South Florida apartment outlook reports.

The most expensive community in which to rent such an apartment was New York at $3,543 a month. The least expensive community was Auburn-Opelika AL at just $490 a month.

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