182 Apartments for rent in Delray Beach, FL
📍Home to just over 60,000 residents, Delray Beach has more than four miles of beach right on the Atlantic coast. Sandwiched between Boca Raton to the north and Boynton Beach to the south, this small city enjoys incredibly moderate temperatures all year round. Annual lows rarely drop below 57 degrees and the summer high stays around 90 degrees. Sweater weather is a thing of the past in this picturesque Florida coastal city.
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Delray Beach's high vacancy rates, some higher than 50 percent, make it easy to find potential properties. What this means is that you can take your time and won't need to rush into a decision. Shop around until you find the perfect rental home or apartment. The high vacancy rates also means you'll get a bigger place for the money when compared to in other cities. Prices may be high in certain parts of this area, but the long waits between tenants drives many landlords to offer enticing move-in specials. Lucky you!
Florida has a few rental rules that every tenant needs to know. Your landlord can charge what they want for a security deposit, as long as you are provided with proof of deposit and a description of the type of account. If your landlord puts the money in an interest bearing savings account, you get the interest when you move out. Be sure to discuss the options and be clear on the terms before you hand over the check.
When signing a lease, read the renewal terms carefully to see how much of a lead-time you'll need to give when you're ready to move out. If you are on a month-to-month lease, usually you only need to provide notice 15 days before your move date. On an annual lease though, you may need to inform your landlord at least 60 days ahead of time. Always put your decision to move in writing, and if you hand deliver it, get a receipt. This will help you avoid any future issues with a lost notification.
With both coastal and inland areas, Delray has a wide variety of neighborhoods and styles. Some areas lend themselves to highrise apartment buildings, while others are filled with four and five bedroom homes. The central areas, like Kingspoint, Jog Rd., and Linton Blvd., have modestly-priced housing options, while further out on the coast and inland, prices can easily reach into the stratosphere.
Ocean Blvd: Rentals may offer a significantly more affordable option in this nabe. You should be able to snag a place just off the beach for a pretty reasonable price. Vacancy rates top 40 percent, so you can look at a variety of different styles and layouts before deciding on your new place. Plus, if you need an emergency move, it is no big deal on Ocean Blvd. Of course, some of the vacancy rate is due to seasonal renters, so be aware that the tourist season is not the best time to sign a lease.$$$$
Kingsland: In a state known for its low cost of living, Kingsland lives up to these expectations. Rental properties in this 'hood make it one of the more affordable areas in Florida. True, most of apartments are smaller, with two bedrooms the most common option available. Because it's more than a mile from the beach, even the tourist season does not inflate the property values to astronomical heights.$$$
Jog Rd./Seville Dr.: A singles haven -- 65.3% of residents are unattached -- with some of the lowest property prices in the area. Most of your neighbors wait tables and fold sweaters at the Gap, so if you aspire for a higher rung on the corporate ladder, you may not find many kindred spirits in your own neighborhood. On the plus size, however, the lower rent and general cost of living will allow you more disposable income for networking events. $$
Kingspoint: This small neighborhood (approximately six square blocks) has both the lowest average rental price of the city along with one of the lowest vacancy rates. So, expect to pound the pavement looking for a vacancy here, and to be willing to snatch it up quickly. $
Hagen: With some of the most expensive rentals, Hagen is something of a surprise given its inland location. Typically, prices go up with an ocean view. Of course, the multitude of high-rise apartment options gives you the sea views without the crowds during the tourist season. This exclusive neighborhood is ideal if you want peace and quiet, but be prepared to spend a bit more time on the hunt.$$$$$
Transportation can be a bit of a challenge, so bring your car. Almost everyone in this area drives, mostly because there are only two bus lines -- which do offer free shuttle services -- and a single Tri-Rail station serving the city. Having the flexibility of a car will let you enjoy everything that Delray Beach has to offer. Don't want to plunk down the extra cash for a Ford or Honda? Zipcars let you try out car ownership on a daily basis, or just allow you an easy way to make an IKEA run in nearby Sunrise.
Local entertainment includes horseback riding, water sports, boat rentals, museums, theaters, golf and much more. A soothing day spent exploring the Morikami Museum and Japanese Gardens is always a hit. If you enjoy unique experiences, check out the Puppetry Arts Center or enjoy shopping at Murder on the Beach. Mystery lovers everywhere can find something special at this boutique store full of collectible themed items. For scenic views while you get back to nature, the Wakodahatchee Wetlands can't be beat.
Delray Beach also has an array of culinary offerings ranging from traditional pub fare at the Blue Anchor to five star cuisine at Sundy House. Ethnic offerings tempt the palate, and the Green Market, which runs from October to April, has an incredible selection of locally grown produce.
Enjoy living at a vacation home all year round after you make your move to Delray Beach. Good luck and good hunting for your next home.
June 2020 Delray Beach Rent Report
Welcome to the June 2020 Delray Beach Rent Report. Delray Beach rents declined over the past month. In this report, we'll evaluate trends in the Delray Beach rental market, including comparisons to cities throughout the metro, state, and nation.
June 2020 Delray Beach Rent Report
Welcome to the June 2020 Delray Beach Rent Report. Delray Beach rents declined over the past month. In this report, we'll evaluate trends in the Delray Beach rental market, including comparisons to cities throughout the metro, state, and nation.
Delray Beach rents decline sharply over the past month
Delray Beach rents have declined 1.0% over the past month, but have increased slightly by 1.4% in comparison to the same time last year. Currently, median rents in Delray Beach stand at $1,197 for a one-bedroom apartment and $1,517 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in February. Delray Beach's year-over-year rent growth leads the state average of 0.6%, as well as the national average of 0.8%.
Rents rising across the Miami Metro
Throughout the past year, rent increases have been occurring not just in the city of Delray Beach, but across the entire metro. Of the largest 10 cities that we have data for in the Miami metro, 8 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.
- Pembroke Pines has seen rents fall by 0.4% over the past year, the biggest drop in the metro. It's also the most expensive city in the Miami metro with a two-bedroom median of $2,406.
- West Palm Beach has seen the fastest rent growth in the metro, with a year-over-year increase of 1.5%. The median two-bedroom there costs $1,395, while one-bedrooms go for $1,100.
- Miami Beach has the least expensive rents in the Miami metro, with a two-bedroom median of $1,291; rents decreased 0.5% over the past month but were up 1.0% over the past year.
Many large cities nationwide show more affordable rents compared to Delray Beach
As rents have increased slightly in Delray Beach, large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Delray Beach is less affordable for renters.
- Rents increased slightly in other cities across the state, with Florida as a whole logging rent growth of 0.6% over the past year. For example, rents have grown by 0.9% in Tampa and 0.8% in Jacksonville.
- Delray Beach's median two-bedroom rent of $1,517 is above the national average of $1,194. Nationwide, rents have grown by 0.8% over the past year compared to the 1.4% increase in Delray Beach.
- While Delray Beach's rents rose slightly over the past year, some cities nationwide saw decreases, including San Francisco (-1.0%) and Los Angeles (-0.1%).
- Renters will generally find more expensive prices in Delray Beach than most large cities. For example, Memphis has a median 2BR rent of $837, where Delray Beach is more than one-and-a-half times that price.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.