Boca Raton, FL Rental Market
Boca Raton is one of the most affluent suburbs in South Florida, known for its upscale shopping, gated communities, and strong corporate presence anchored by the IBM campus and Florida Atlantic University. The city's high-income demographic and supply-constrained market support some of the strongest rent growth in Broward and Palm Beach counties, with renters typically consisting of executives, financial professionals, and FAU faculty and administrators.
Get a rent estimate for an address in Boca RatonAverage Rent in Boca Raton, FL
$2,400
per month · 2026-06
Market Score
Key Facts — Boca Raton, FL Rental Market
- Average rent in Boca Raton, FL:$2,400/mo
- Median rent:$2,208/mo
- Rent range:$1,200 – $5,300/mo
- Most common rental (2 bedrooms):$2,100/mo
- Active listings:580
- Avg days to lease:25 days
- Year-over-year change:+5.2%
- Median home value:$510,000
- Est. gross annual yield:5.6%
- Data as of:2026-06
Rent by Bedroom in Boca Raton, FL
Average monthly rent for each bedroom type based on current active listings in Boca Raton.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,725/mo |
2 Bedrooms | $2,100/mo |
3 Bedrooms | $2,700/mo |
4 Bedrooms | $3,300/mo |
5 Bedrooms | $3,800/mo |
Boca Raton Rental Market Statistics
Key indicators from the current Boca Raton, FL rental market.
580
Available now in Boca Raton
25
From list to lease
$1.66
Average across listings
1,450 sq ft
Typical rental size
$1,200 – $5,300
Min to max active listings
+5.2%
Avg rent vs. prior year
Investing in Boca Raton, FL Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$510,000
Typical purchase price in Boca Raton
Est. Gross Annual Yield
5.6%
Before expenses & vacancy
Avg Monthly Income
$2,400
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Boca Raton for a full cash-flow breakdown including all costs.
Boca Raton, FL Rental Market FAQ
Common questions about renting and investing in Boca Raton, FL.
What is the average rent in Boca Raton, FL?
The average rent in Boca Raton, FL is $2,400 per month as of 2026 — the highest in our Florida coverage outside of Miami. One-bedroom apartments average $1,725/mo, two-bedrooms average $2,100/mo, and three-bedroom homes average $2,700/mo. Luxury gated communities in East Boca and the Polo Club area push rents well above these averages.
Is Boca Raton, FL a good place to invest in rental property?
Boca Raton offers an estimated 5.6% gross annual yield — lower yields reflect the premium home values — but the market delivers 5.2% year-over-year rent growth, the strongest in our South Florida coverage. Its tenant base of high-income executives, FAU professionals, and corporate transferees results in low vacancy and minimal collection risk, making it a top pick for quality-focused investors.
How competitive is the Boca Raton, FL rental market?
Boca Raton is the most competitive market in our South Florida coverage, averaging just 25 days on market across approximately 580 active listings. The combination of a high-income tenant pool, limited new rental supply in established neighborhoods, and strong 5.2% rent growth creates a landlord-favorable environment. Properties in East Boca near the beach and downtown Mizner Park are rarely vacant.
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