$2,800 Per Month
- 3 Beds
- 2 Baths
- 1,300 Sq Ft
- House for Rent
5482 Lakewood Cir S Unit B, Margate, FL 33063
5482 Lakewood Cir S Unit B, Margate, FL 33063
Frequently Asked Questions
How much does it cost to rent a home in Margate, FL?
The median rent for a home in Margate, FL is $2,067 per month, though prices vary by neighborhood, size, and property type. As of May 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 $82,680 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 $2,067 per month in Margate, FL, renters typically need to show $6,201 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 14.9, 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 home?
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 home include Margate Gardens, Paradise Gardens, Oriole Gardens, North Margate and Fair Gate, each with its own character and price range.
