Most Affordable Neighborhoods in Fort Lauderdale, FL
Some of the cheapest neighborhoods in Fort Lauderdale are Coral Highlands, Riverside Park, and Knoll Ridge. These neighborhoods offer some of the lowest rent prices in Fort Lauderdale, making them ideal for renters on a budget. As of September 12, 2025, the average rent in Fort Lauderdale is $2,235, which is 0.8% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Coral Highlands
Average Rent
$1,608/Month
TransitScore® Rating
35/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Fort Lauderdale, Coral Highlands might be the perfect place! It has an average rent price of $1,608, while the city’s average stands at $2,235. Coral Highlands is near Butterfly World, 5630-5640 N Federal Hwy, and Fort Lauderdale/Hollywood International.
Riverside Park
Average Rent
$1,661/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
36/100
Units Available
22 Rentals
Riverside Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Riverside Park is $1,661 while the city average is $2,235. This is a -1.3% difference from last year. Residents enjoy convenient access to Value Pawn Shopping Center, Shoppes On Arts Avenue, and Museum of Discovery and Science. The neighborhood is considered car-dependent with a WalkScore® of 31.
Knoll Ridge
Average Rent
$1,681/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
36/100
Units Available
15 Rentals
When you’re looking for a great Fort Lauderdale neighborhood on a budget, check out Knoll Ridge. The average rent is $1,681, compared to the city average of $2,235. Rent prices have increased by 1.2%. Knoll Ridge is convenient to Fern Forest Nature Center, Florida Atlantic University, and Art Inst. of Ft. Lauderdale. The community is walkable with a WalkScore® of 80.
Coral Ridge Isles
Average Rent
$1,707/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
36/100
Units Available
42 Rentals
Coral Ridge Isles is an affordable neighborhood in Fort Lauderdale with an average rent price of $1,707. Compare this to the city average of $2,235. In the past year, rent prices have increased by 1.7%. Coral Ridge Isles provides easy access to Art Inst. of Ft. Lauderdale, Miami International, and Museum of Discovery and Science. It’s a somewhat walkable neighborhood with a WalkScore® of 67.
Melrose Park
Average Rent
$1,805/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
41/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Fort Lauderdale, Melrose Park might be the perfect place! It has an average rent price of $1,805, while the city’s average stands at $2,235. In the last year, prices have increased by 1.7%. Melrose Park is near Art Inst. of Ft. Lauderdale, Nova Southeastern University, and Secret Woods Nature Center.
South Middle River
Average Rent
$1,810/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
44/100
Units Available
29 Rentals
South Middle River is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Middle River is $1,810 while the city average is $2,235. This is a 1.7% difference from last year. Residents enjoy convenient access to Secret Woods Nature Center, Hugh Taylor Birch State Park, and John U. Lloyd Beach State Park. The neighborhood is considered walkable with a WalkScore® of 75.
Melrose Manors
Average Rent
$1,848/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
38/100
Units Available
23 Rentals
When you’re looking for a great Fort Lauderdale neighborhood on a budget, check out Melrose Manors. The average rent is $1,848, compared to the city average of $2,235. Rent prices have decreased by 4%. Melrose Manors is convenient to Museum of Discovery and Science, Nova Southeastern University, and Fort Lauderdale/Hollywood International. The community is somewhat walkable with a WalkScore® of 69.
Waverly Place
Average Rent
$1,848/Month
TransitScore® Rating
49/100
Units Available
15 Rentals
Waverly Place is an affordable neighborhood in Fort Lauderdale with an average rent price of $1,848. Compare this to the city average of $2,235. Waverly Place provides easy access to Art Inst. of Ft. Lauderdale, Keiser University, and Florida Atlantic University. It’s a walkable neighborhood with a WalkScore® of 72.
Beach Way Heights
Average Rent
$1,864/Month
TransitScore® Rating
37/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Fort Lauderdale, Beach Way Heights might be the perfect place! It has an average rent price of $1,864, while the city’s average stands at $2,235. Beach Way Heights is near Keiser University, Museum of Discovery and Science, and John U. Lloyd Beach State Park.
River Reach Condominium
Average Rent
$1,874/Month
TransitScore® Rating
30/100
Units Available
10 Rentals
River Reach Condominium is a top choice for budget-conscious renters for a variety of reasons. The average rent in River Reach Condominium is $1,874 while the city average is $2,235. Residents enjoy convenient access to Art Inst. of Ft. Lauderdale, Buehler Planetarium & Observatory, and Lauderdale Plaza. The neighborhood is considered car-dependent with a WalkScore® of 16.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.