$29,000 Per Month
- 2 Beds
- 3 Baths
- 2,103 Sq Ft
- Condo for Rent
9703 Collins Ave Unit 2501-03, Bal Harbour, FL 33154
9703 Collins Ave Unit 2501-03, Bal Harbour, FL 33154
Frequently Asked Questions
How much does it cost to rent a condo in Bal Harbour, FL?
The median rent for a condo in Bal Harbour, FL is $6,250 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Bal Harbour, FL?
To comfortably afford the median rent in Bal Harbour, FL, a household needs to earn roughly $260,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $6,500 per month in Bal Harbour, FL, renters typically need to show $19,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Bal Harbour, FL?
In Bal Harbour, FL, the price-to-rent ratio is 23.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Bal Harbour, FL are best for renting a condo?
The best neighborhood for renting in Bal Harbour, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Sans Souci Estates, Biscayne Point, North Shore, Normandy Isle and Golden Glades, each with its own character and price range.
