$1,700 Per Month
- 2 Beds
- 1 Bath
- 729 Sq Ft
- Condo for Rent
1116 Lake Terrace Unit 2140, Boynton Beach, FL 33426
1116 Lake Terrace Unit 2140, Boynton Beach, FL 33426
Frequently Asked Questions
How much does it cost to rent a home in Boynton Beach, FL?
The median rent for a home in Boynton Beach, FL is $2,900 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Boynton Beach, FL?
To comfortably afford the median rent in Boynton Beach, FL, a household needs to earn roughly $116,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,900 per month in Boynton Beach, FL, renters typically need to show $8,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Boynton Beach, FL?
In Boynton Beach, FL, the price-to-rent ratio is 11.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Boynton Beach, FL are best for renting a home?
The best neighborhood for renting in Boynton Beach, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Palm Isles, Aberdeen, Indian Spring, Cypress Creek and Pine Tree, each with its own character and price range.
