Miami-Fort Lauderdale-West Palm Beach, FL Metro Area: Median Gross Rent Trend
How Miami-Fort Lauderdale-West Palm Beach, FL Metro Area's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,232
2023
$1,770
Total change
+$538
% change
+43.7%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,232 | — |
| 2019 | $1,363 | +$131 (10.6%) |
| 2020 | $1,408 | +$45 (3.3%) |
| 2021 | $1,492 | +$84 (6%) |
| 2022 | $1,657 | +$165 (11.1%) |
| 2023 | $1,770 | +$113 (6.8%) |