3 Apartments under 1100 for rent in Homestead, FL

Last updated January 19 at 5:39pm UTC
35250 SW 177th Ct
Homestead
Homestead, FL
Updated January 19 at 9:11am UTC
2 Bedrooms
$900
1469 NW 8th Ave
Florida City
Florida City, FL
Updated January 8 at 1:30am UTC
2 Bedrooms
$800
Results within 1 miles of Homestead, FL
520 SW 6th Ave #2
Homestead
Homestead, FL
Updated January 19 at 5:39pm UTC
2 Bedrooms
$850
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January 2018 Homestead Rent Report

Welcome to the January 2018 Homestead Rent Report. Homestead rents remained steady over the past month. In this report, we'll evaluate trends in the Homestead rental market, including comparisons to cities throughout the metro, state, and nation.

View full Homestead Rent Report
Rent Report
Homestead

January 2018 Homestead Rent Report

Welcome to the January 2018 Homestead Rent Report. Homestead rents remained steady over the past month. In this report, we'll evaluate trends in the Homestead rental market, including comparisons to cities throughout the metro, state, and nation.

Homestead rents held steady over the past month

Homestead rents have remained flat over the past month, however, they are up sharply by 6.8% year-over-year. Currently, median rents in Homestead stand at $1,140 for a one-bedroom apartment and $1,440 for a two-bedroom. Homestead's year-over-year rent growth leads the state average of 3.7%, as well as the national average of 2.8%.

Rents rising across the Miami Metro

Throughout the past year, rent increases have been occurring not just in the city of Homestead, but across the entire metro. Of the largest 10 cities that we have data for in the Miami metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Miami Beach has the least expensive rents in the Miami metro, with a two-bedroom median of $1,270; the city has also seen rents fall by 8.9% over the past year, the biggest drop in the metro.
  • Pembroke Pines has the most expensive rents in the Miami metro, with a two-bedroom median of $2,380; the city has also seen rent growth of 0.6% over the past month, the fastest in the metro.

Many large cities nationwide show more affordable rents compared to Homestead

As rents have increased sharply in Homestead, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Homestead is less affordable for renters.

  • Rents increased significantly in other cities across the state, with Florida as a whole logging rent growth of 3.7% over the past year. For example, rents have grown by 6.2% in Tampa and 4.5% in Jacksonville.
  • Homestead's median two-bedroom rent of $1,440 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 6.8% rise in Homestead.
  • While Homestead's rents rose sharply over the past year, the city of DC saw a decrease of 0.3%.
  • Renters will generally find more expensive prices in Homestead than most large cities. For example, Memphis has a median 2BR rent of $820, where Homestead 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.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Miami $1,070 $1,360 0.6% 0.5%
Hialeah $1,080 $1,370 0.1% 5.6%
Fort Lauderdale $1,140 $1,450 0.5% 2.8%
Pembroke Pines $1,880 $2,380 0.6% 2.0%
Hollywood $1,120 $1,420 0.1% 2.0%
Miami Gardens $1,120 $1,420 0.1% 3.6%
West Palm Beach $1,050 $1,340 0.1% 2.8%
Pompano Beach $1,140 $1,450 -0.1% 2.4%
Miami Beach $1,000 $1,270 -0.4% -8.9%
Boca Raton $1,440 $1,820 0.3% 1.4%
See more

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.