Rent vs Buy in Fort Lauderdale, FL
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Fort Lauderdale, FL
Price-to-rent ratio is 17.9 (under 15 favors buying, over 21 favors renting). Renting costs $2,388/mo; owning runs about $3,818/mo — $1,430/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $2,710 |
| Property tax | $469 |
| Home insurance | $213 |
| Maintenance | $426 |
| Total to own | $3,818 |
| Average 2BR rent | $2,388 |
Based on a median home value of $511,687 with a $102,337 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.