Broward County Leasing, Rental Rates Slip 2% From 2023 Record High

A review of the Broward County rental statistics shows that the median monthly rental rate per unit is now $2,100 compared to $2,150 in the summer of 2023.

Tenants paid a median price of $2.19 per square foot monthly for residential units leased during the Broward County Summer Buying Season that spanned from May through October 2024. (Photo courtesy of Google Maps)

Has the Broward County residential rental market peaked?

The number of leases completed in Broward County decreased during the recently concluded 2024 Summer Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.

Tenants leased nearly 200 residential properties in Broward County during the 2024 season compared to a year earlier in the 2023 season.

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This information is provided for general informational purposes only, based on research, personal experience and interviews. It should not be considered legal advice, as we are not attorneys. While believed to be accurate and complete, this information is provided “as is” without warranty or guarantee of any kind.

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