$1,499 Per Month
- 2 Beds
- 2 Baths
- 920 Sq Ft
- Condo for Rent
1035 Country Club Dr Unit 407, Margate, FL 33063
1035 Country Club Dr Unit 407, Margate, FL 33063
Frequently Asked Questions
How much does it cost to rent a condo in Margate, FL?
The median rent for a condo in Margate, FL is $1,800 per month, though prices vary by neighborhood, size, and property type. As of July 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 Margate, FL?
To comfortably afford the median rent in Margate, FL, a household needs to earn roughly $84,000 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 $2,100 per month in Margate, FL, renters typically need to show $6,300 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 Margate, FL?
In Margate, FL, the price-to-rent ratio is 14.3, 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 Margate, FL are best for renting a condo?
The best neighborhood for renting in Margate, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include North Margate, Oriole Gardens, Fair Gate, Coral Lake and Margate Estates, each with its own character and price range.
