$2,700 Per Month
- 3 Beds
- 3 Baths
- 1,425 Sq Ft
- Townhouse for Rent
1037 NW 5th St, Florida City, FL 33034
1037 NW 5th St, Florida City, FL 33034
Frequently Asked Questions
How much does it cost to rent a home in Florida City, FL?
The median rent for a home in Florida City, FL is $2,700 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Florida City, FL?
To comfortably afford the median rent in Florida City, FL, a household needs to earn roughly $108,000 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 $2,700 per month in Florida City, FL, renters typically need to show $8,100 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 Florida City, FL?
In Florida City, FL, the price-to-rent ratio is 12.1, 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 Florida City, FL are best for renting a home?
The best neighborhood for renting in Florida City, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Keys Gate, East Homestead, Southwest Homestead, Downtown Homestead and Outer Homestead, each with its own character and price range.
