Gulf Stream renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Gulf Stream is about $1,899 per month. This puts it in the 93rd percentile compared to the state average cost of rent, which is $1,453. Households in Gulf Stream have a median income of $14,846 per month so the average renter in Gulf Stream is spending roughly 13% of their earnings on housing.
Nationally, and in Gulf Stream, home values are the data point most closely correlated with the cost of rent. The median price of a home in Gulf Stream is $1,388,659 right now, which is higher than nearby cities, meaning that rents in Gulf Stream also tend to be higher versus these nearby cities.
Higher rent prices are common in the southwestern parts of Gulf Stream while lower rent rates are often available in central areas.
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