$2,000 Per Month
- 1 Bed
- 1 Bath
- 600 Sq Ft
- Condo for Rent
3040 NE 16th Ave Unit 405, Oakland Park, FL 33334
3040 NE 16th Ave Unit 405, Oakland Park, FL 33334
Frequently Asked Questions
How much does it cost to rent a condo in Oakland Park, FL?
The median rent for a condo in Oakland Park, FL is $1,700 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 Oakland Park, FL?
To comfortably afford the median rent in Oakland Park, FL, a household needs to earn roughly $119,960 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 $2,999 per month in Oakland Park, FL, renters typically need to show $8,997 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 Oakland Park, FL?
In Oakland Park, FL, the price-to-rent ratio is 17.2, 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 Oakland Park, FL are best for renting a condo?
The best neighborhood for renting in Oakland Park, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include North Andrews Gardens, Central Corals, South Corals, South Middle River and Coral Ridge Isles, each with its own character and price range.
