Park Place At Turtle Run in Coral Springs.
By Kevin Deutsch
A new analysis ranks apartments in Coral Springs and Tamarac among some of the most spacious for renters seeking maximum bang for their buck in South Florida.
The analysis by RentCafe, an apartment search website, and research blog, examined how much square footage renters can get statewide for the average rental price of an apartment in Florida, which is currently $1,700, according to the site.
For $1,700, the analysis found that renters can get 919 square feet of apartment space on average in Florida, or three percent less than the national average.
Of the 99 Florida cities included in RentCafe’s research, Panama City had the largest and Coral Gables the smallest apartments for $1,700, offering 1,356 and 506 square feet, respectively, for that price.
Homestead offers the most apartment space, 1,157 square feet, for $1,700 in rent, the analysis found. Next up on the largest space list is Lauderhill, at 1,109 square feet, and Lauderdale Lakes, at 996 square feet, according to the data.
Renters paying $1,700 in Coral Springs get 853 square feet, while those in Tamarac and Margate get 858 square feet and 802 square feet, respectively, the analysis found.
The data ranks Coral Springs and Tamarac apartments in the top third of all South Florida municipalities in terms of spaciousness for the price.
According to the data, Coral Gables apartments are the least spacious in South Florida and Florida overall at the $1,700 price, with renters getting just 506 square feet.
The next smallest on the list are Miami Beach and Boca Raton, where renters get 568 square feet and 640 square feet, respectively, the analysis shows.
State average rent and apartment size information in the analysis are based on multifamily properties of 50 units or more in Florida cities with a minimum population of 10,000.
The average apartment space per $1,700 of rent was calculated by dividing $1,700 by the average cost of rent per square foot in each of the 99 cities studied, ensuring a statistically relevant sample size of apartments, according to RentCafe.
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