Best Places to Buy Rental Property in Florida (2026)

The top of the Florida list is Hallandale Beach at 15.1 percent gross, and it gets there on rent rather than price: $3,200 a month against a $255,000 median closed price, while the cheapest city, Avon Park at $105,000, ranks second. One caution on the rent side: in Boynton Beach houses asked a median of $3,400 while the all-type median was $2,678. For a house, compare house rents with house sale prices; substituting the house rent into a ratio whose denominator is a mixed sale median only makes the number look better, not more representative. Boynton Beach, the busiest market on the list with about 145 closings a month, sits sixth of 20 at 10.9 percent. Fourteen cities on this list carry a confirmed-close median as well as an asking median. Boynton Beach has the largest close sample, 459, with a median of $2,600, 3 percent below the $2,678 asking median; the samples are separate, so this is not evidence that the same homes leased above or below their advertised rent. The median city on this list closed at $249,450, well below the Florida statewide median of $372,000. The table shows the 20 highest-yielding markets among 164 Florida cities meeting the coverage requirements; the yield range above describes the markets shown. A second table lists fifteen cities with enough closings to price but too few rental listings to rank.

The ranking

Gross yield here is an asking rental yield screen: twelve times the median asking rent over the median closed price, before taxes, insurance, vacancy, management or repairs. Sales use municipal boundaries. Rental listings use the associated city name and may cover a wider postal area. The ratio therefore compares related, but not perfectly matched, market samples, and a home bought at the median price does not necessarily earn the median rent. Confirmed-close medians appear where at least 30 confirmed lease closes were recorded in the window.

City by city

1. Hallandale Beach, 15.1 percent gross

Hallandale Beach also carries a confirmed-close median: 232 confirmed lease closes in the last twelve months have a median of $3,000, 6 percent below the $3,200 asking median. The two samples are not paired, so this describes the samples rather than the same homes. The numbers: $255,000 median closed price across 583 closings, $3,200 median asking rent across 770 listings, 15.1 percent gross. The Hallandale Beach market page carries the monthly figures.

2. Avon Park, 14.3 percent gross

Only about 12 homes a month close in Avon Park; the yield is attractive, the resale pool is not deep. The numbers: $105,000 median closed price across 139 closings, $1,250 median asking rent across 179 listings, 14.3 percent gross. See the Avon Park page for the property mix and the price band.

3. Lady Lake, 11.4 percent gross

Lady Lake ranks third on yield but only eleventh on entry price: the $2,400 median asking rent is doing the work, not a cheap purchase. At $251,900 to buy and $2,400 a month to rent, Lady Lake yields 11.4 percent gross on 264 tracked closings. Note: sales here are shaped by The Villages, an age-restricted community with deed restrictions. Review ownership type, occupancy requirements and association leasing rules before reading this ratio as an investable yield. See the Lady Lake page for the property mix and the price band.

4. Fort Pierce, 11.2 percent gross

Fort Pierce is one of the cities with a confirmed-close sample: 246 closes with a median of $2,000 beside a $2,200 asking median, a 9 percent difference between two separate samples, not a measured gap on the same listings. At $235,000 to buy and $2,200 a month to rent, Fort Pierce yields 11.2 percent gross on 465 tracked closings. Full detail is on the Fort Pierce market page.

5. Largo, 11.0 percent gross

Largo also carries a confirmed-close median: 132 confirmed lease closes in the last twelve months have a median of $1,890, 6 percent below the $2,000 asking median. The two samples are not paired, so this describes the samples rather than the same homes. The numbers: $218,000 median closed price across 625 closings, $2,000 median asking rent across 1,343 listings, 11.0 percent gross. Full detail is on the Largo market page.

6. Boynton Beach, 10.9 percent gross

Boynton Beach's confirmed-close median, $2,600 on 459 closes, sits close to its $2,678 asking median; the samples are separate, so read it as agreement between two medians rather than a validated yield. The numbers: $295,000 median closed price across 872 closings, $2,678 median asking rent across 3,160 listings, 10.9 percent gross. Full detail is on the Boynton Beach market page.

7. Stuart, 10.8 percent gross

Stuart's confirmed-close median, $2,350 on 199 closes, sits close to its $2,330 asking median; the samples are separate, so read it as agreement between two medians rather than a validated yield. The numbers: $260,000 median closed price across 247 closings, $2,330 median asking rent across 1,516 listings, 10.8 percent gross. See the Stuart page for the property mix and the price band.

8. Sun City Center, 10.7 percent gross

Sun City Center is one of the cities with a confirmed-close sample: 68 closes with a median of $1,925 beside a $2,095 asking median, a 8 percent difference between two separate samples, not a measured gap on the same listings. The numbers: $235,000 median closed price across 545 closings, $2,095 median asking rent across 578 listings, 10.7 percent gross. Note: sales here are shaped by an age-restricted community. Review ownership type, occupancy requirements and association leasing rules before reading this ratio as an investable yield. The Sun City Center market page carries the monthly figures.

9. Hobe Sound, 10.5 percent gross

Hobe Sound ranks ninth on yield but only sixteenth on entry price: the $2,500 median asking rent is doing the work, not a cheap purchase. Homes in Hobe Sound closed at a median of $285,000 over the last six months and the median asking rent in the last twelve months was $2,500, a gross yield of 10.5 percent. The Hobe Sound market page carries the monthly figures.

10. Holiday, 10.5 percent gross

Holiday is one of the cities with a confirmed-close sample: 102 closes with a median of $1,622 beside a $1,700 asking median, a 5 percent difference between two separate samples, not a measured gap on the same listings. At $195,000 to buy and $1,700 a month to rent, Holiday yields 10.5 percent gross on 338 tracked closings. Full detail is on the Holiday market page.

11. Greenacres, 10.2 percent gross

Greenacres also carries a confirmed-close median: 306 confirmed lease closes in the last twelve months have a median of $2,200, 4 percent below the $2,300 asking median. The two samples are not paired, so this describes the samples rather than the same homes. Homes in Greenacres closed at a median of $271,500 over the last six months and the median asking rent in the last twelve months was $2,300, a gross yield of 10.2 percent. See the Greenacres page for the property mix and the price band.

12. New Port Richey, 10.1 percent gross

New Port Richey also carries a confirmed-close median: 195 confirmed lease closes in the last twelve months have a median of $1,695, 8 percent below the $1,850 asking median. The two samples are not paired, so this describes the samples rather than the same homes. The numbers: $220,000 median closed price across 187 closings, $1,850 median asking rent across 2,153 listings, 10.1 percent gross. The New Port Richey market page carries the monthly figures.

13. Zephyrhills, 9.9 percent gross

In Zephyrhills the two samples agree: 260 confirmed lease closes have a median of $2,150, within a few percent of the $2,200 asking median, though the samples are separate rather than paired. Homes in Zephyrhills closed at a median of $267,388 over the last six months and the median asking rent in the last twelve months was $2,200, a gross yield of 9.9 percent. See the Zephyrhills page for the property mix and the price band.

14. Altamonte Springs, 9.5 percent gross

Altamonte Springs is one of the cities with a confirmed-close sample: 137 closes with a median of $1,575 beside a $1,650 asking median, a 5 percent difference between two separate samples, not a measured gap on the same listings. At $208,080 to buy and $1,650 a month to rent, Altamonte Springs yields 9.5 percent gross on 344 tracked closings. The Altamonte Springs market page carries the monthly figures.

15. Sebring, 9.3 percent gross

A low entry price does not carry Sebring far: it is fourth cheapest on this list and fifteenth on yield, with rent of $1,550 against a $199,000 median price. The numbers: $199,000 median closed price across 279 closings, $1,550 median asking rent across 1,065 listings, 9.3 percent gross. Houses there closed at about $147 per square foot. The Sebring market page carries the monthly figures.

16. Venice, 9.3 percent gross

Venice also carries a confirmed-close median: 134 confirmed lease closes in the last twelve months have a median of $2,200, 10 percent below the $2,452 asking median. The two samples are not paired, so this describes the samples rather than the same homes. Homes in Venice closed at a median of $315,000 over the last six months and the median asking rent in the last twelve months was $2,452, a gross yield of 9.3 percent. Full detail is on the Venice market page.

17. Milton, 9.2 percent gross

A low entry price does not carry Milton far: it is tenth cheapest on this list and seventeenth on yield, with rent of $1,900 against a $247,000 median price. The numbers: $247,000 median closed price across 230 closings, $1,900 median asking rent across 1,096 listings, 9.2 percent gross. Houses there closed at about $164 per square foot. The Milton market page carries the monthly figures.

18. Highland Beach, 9.2 percent gross

Highland Beach also carries a confirmed-close median: 67 confirmed lease closes in the last twelve months have a median of $7,250, 3 percent below the $7,500 asking median. The two samples are not paired, so this describes the samples rather than the same homes. The numbers: $980,000 median closed price across 151 closings, $7,500 median asking rent across 161 listings, 9.2 percent gross. See the Highland Beach page for the property mix and the price band.

19. Seminole, 9.2 percent gross

Seminole is one of the cities with a confirmed-close sample: 67 closes with a median of $2,335 beside a $2,450 asking median, a 5 percent difference between two separate samples, not a measured gap on the same listings. Homes in Seminole closed at a median of $321,000 over the last six months and the median asking rent in the last twelve months was $2,450, a gross yield of 9.2 percent. See the Seminole page for the property mix and the price band.

20. Lake City, 9.1 percent gross

Lake City is cheaper than its yield rank suggests: third on price, twentieth on yield, because a $198,000 home there rents for only $1,500. At $198,000 to buy and $1,500 a month to rent, Lake City yields 9.1 percent gross on 132 tracked closings. Houses there closed at about $130 per square foot. The Lake City market page carries the monthly figures.

Priced, but too few rentals to rank

Resideline can price these cities but cannot yet rank them on rent: each has 100 or more closings and fewer than 50 rental listings in the window.

How this ranking is built

• •Cities: every Florida city where Resideline tracked at least 100 closings inside the municipal boundary in its reporting window (six or twelve months) and at least 50 rental listings under the city's name since October 3, 2025: 164 cities qualify and the table shows the 20 highest-yielding.
• •Prices: the median price homes closed at inside the city limits, from Resideline's tracked closings; the state comparison uses the statewide median of $372,000 across 246,986 closings.
• •Rents: the median advertised rent on rental listings Resideline tracked in the last twelve months, all property types, measured on the listings that carry the city's name (a postal footprint, wider than the city line in some places).
• •Confirmed-close medians: Observed rent blends two kinds of record: confirmed lease closes extracted from property records, and the final asking rent on listings that left Resideline tracking without a recorded close. Where a city has at least 30 confirmed closes in the window, their median is printed beside the asking figure; in the last twelve months about a quarter of Resideline's close episodes are confirmed closes. The asking and confirmed-close samples are separate, not paired, so a difference between their medians is not a measured gap on the same listings.
• •What is missing: taxes, insurance, vacancy, management and repairs, which turn a gross yield into a net one, and the unit mix, which differs between what sells and what rents.

Sources and related pages

• •Resideline tracked closings inside city limits (window per city, updated October 4, 2026) and rental listings since October 3, 2025; confirmed lease closes extracted from property records.
• •More Florida rankings: Cheapest cities to buy a house in Florida ranks the same kind of list with each city's price per square foot for houses, realized appreciation and days to contract beside the median, and Cap Rate by City ranks the Florida cities Resideline tracks by gross rental yield. The Florida housing market hub carries the statewide figures and the largest Florida markets by closings.
• •Asking rent vs observed rent compares live asking rents with final asking rents under that study's own definition; it says nothing about confirmed lease closes.

Prepared with Resideline's research pipeline and reviewed by Jeffrey Batista, Resideline's founder.