Invest In Apartment Buildings In Hollywood, FL

Where Hollywood's Renter Demand Comes From

Hollywood is a dense, renter-heavy beach city between Fort Lauderdale and Miami. It has 25,245 renter households, and 41.1% of households rent, well above the Florida share of 32.4% (U.S. Census ACS 2020–2024). Median gross rent in Hollywood is $1,653 a month, up 35.8% from $1,217 in the 2015–2019 survey and close to the state median of $1,669. Incomes have lagged that rise. Median household income grew 23.9% to $67,203, and 67.7% of renters spend 30% or more of income on housing. That is about two of every three renter households.

The job base mixes health care, tourism and the port. The Greater Fort Lauderdale Alliance lists Memorial Healthcare System among the city's major employers, including Memorial Regional Hospital, Memorial Hospital South and Joe DiMaggio Children's Hospital. Hospitality is the other large group: the Seminole Hard Rock Hotel and Casino, the Diplomat Resort and Spa and the Margaritaville Hollywood Beach Resort. The Alliance also names Chewy, HEICO, BrandsMart U.S.A. and Royal Caribbean, and notes that much of Port Everglades, home port for Royal Caribbean's Oasis-class ships, sits inside Hollywood. Fort Lauderdale-Hollywood International Airport is next door.

That mix means a large share of renters work hourly jobs in hotels, casinos, hospitals and port operations. Demand is steady because those jobs don't move, but rent growth is limited by what those workers can pay. Renter households grew 3.0% in five years while population grew 1.7% to 155,082.

New Towers And The Rent Cycle In Hollywood

Hollywood already has a lot of apartment stock and is adding high-rise supply downtown. The city has 30,514 homes in buildings with five or more units, 41.9% of all housing, and that count rose 4.5% in five years (U.S. Census ACS 2020–2024). The median home was built in 1969, so much of the stock is older mid-century garden and low-rise buildings and condos. The Census rental vacancy rate is 7.2%, which covers all rentals, including condos and houses rented by individual owners.

The new wave is concentrated around Young Circle. BTI Partners and Bridge Investment Group built The Bread Building, a 25-story tower with about 362 apartments at 1740 South Young Circle, financed with an $83 million construction loan in 2022 and topped off by the time Hoodline covered it in September 2026. BTI has also planned B57, two 35-story towers with 856 units combined. The Miami Herald, as cited by Hoodline, reported that downtown Hollywood could add roughly 5,600 residential units over the next few years. In May 2026, the Tampa Bay Times reported that city commissioners backed a plan allowing thousands of new high-rise apartments, which one commissioner described as a 25-year plan.

Florida's Live Local Act is opening a second path for supply outside the downtown towers. The state law lets a developer skip a rezoning vote and build to the city's maximum density, and to the tallest height allowed within a mile, if at least 40% of units serve households earning up to 120% of area median income. In September 2024 a developer used it to propose Guitar View, a 14-story, 198-unit building on a car dealership site at 5200 South State Road 7 near the Hard Rock, Florida YIMBY reported. In September 2026, Housing Trust Group was planning Mosaic Hollywood, an 84-unit, 10-story affordable building at 1708 North Dixie Highway, under the same law with a $1.95 million city loan toward the land, according to Traded. The wider county market is firm for now. Marcus & Millichap put Fort Lauderdale metro apartment vacancy at 4.8% in March 2026, down 30 basis points from a year earlier and the fastest tightening among Florida's major markets, though it warned that concessions and affordability may slow rent growth.

For a buyer of older buildings, the new towers compete at the top of the market, far above what most workforce tenants pay. HUD's FY2027 two-bedroom fair market rent for the Fort Lauderdale area is $2,321, well above the Census median, a sign that recent movers pay well above long-term tenants. Anyone weighing apartment syndications in Hollywood should check whether downtown lease-ups are pushing concessions into nearby Class B buildings, and should budget for insurance, roofs and other storm-related capital needs in buildings that are often 50 years old or more.

Hollywood Neighborhoods We Watch

Hollywood's rental stock changes a lot between the beach, the downtown core and the western neighborhoods near the hospitals and the Hard Rock.

How Hollywood Ranks For Apartment Investors

Out of 106 Florida cities in our data, Hollywood comes in 72nd for median gross rent, 37th for renter share and 71st for five-year rent growth. Its rents fall in the middle of the pack. Compared with the 2015–2019 survey, Hollywood now has about 2,571 more residents, 735 more renter households and 1,314 more homes in buildings with 5 or more units. New homes in 5+ unit buildings outpaced the growth in renter households, so newer buildings are competing for tenants and older ones may need to offer more to keep them.

Hollywood Compared With Broward County

Hollywood's median gross rent of $1,653 is below the Florida median of $1,669, and its renter share is 41.1% compared with 32.4% statewide.

Hollywood Rent Affordability In Dollars

At $1,653 a month, the median Hollywood rent adds up to $19,836 a year, or roughly 29.5% of what the median household earns. Under the common 30% guideline, a household needs about $66,100 a year to cover that rent comfortably. That's a heavier load than the Florida average of 26.9%. Renters usually earn less than the all-household median, so the real burden for tenants is higher than this simple ratio shows.

In dollars, Hollywood rent climbed $436 a month over five years and household income climbed $12,963 a year. Rent has outpaced income, so we are careful about how much further a business plan pushes rents on renewal. HUD's FY2027 Fair Market Rent for a two-bedroom unit, $2,321, is 40.4% above the median gross rent for all unit sizes. That gap matters for buildings that accept Housing Choice Vouchers, since local housing authorities base voucher payment standards on it.

Hollywood Rental Market In Numbers

If you only read one part of this page, read this list. Every figure is from the Census Bureau's ACS 5-year estimates.

• Hollywood, FL has 155,082 residents, up 1.7% from the 2015–2019 survey (U.S. Census ACS 2020–2024).
• Median household income in Hollywood, FL is $67,203, up 23.9% over five years (U.S. Census ACS 2020–2024).
• Median gross rent in Hollywood, FL is $1,653 a month, up 35.8% over five years (U.S. Census ACS 2020–2024).
• 41.1% of households in Hollywood, FL rent, about 25,245 renter households (U.S. Census ACS 2020–2024).
• 41.9% of homes in Hollywood, FL are in buildings with 5 or more units (U.S. Census ACS 2020–2024).
• The rental vacancy rate in Hollywood, FL is 7.2%, and 67.7% of renters spend 30% or more of income on rent (U.S. Census ACS 2020–2024).
• The median home in Hollywood, FL was built in 1969 (U.S. Census ACS 2020–2024).

What We Look For In A Hollywood Apartment Building

We look at buildings with 5 or more units in Hollywood, from small walk-ups to larger garden-style communities, in stabilized or value-add condition. We compare in-place rents with nearby buildings, inspect roofs, plumbing and HVAC, and ask whether better management or targeted renovation can close the gap with the market.

Florida has no state income tax on wages, and property taxes are often one of the largest expenses for apartment owners. We estimate the tax bill as it will be after the purchase, because a sale can trigger a reassessment in many places. Florida has no statewide rent control law, though local rules on notices, fees and deposits still apply. Insurance quotes in Florida reflect hurricane and flood exposure, so we get a quote before we make an offer.

After a stretch of fast rent growth, we keep rent assumptions modest and leave room for concessions if new supply opens nearby.

Evaluating Apartment Syndications In Hollywood

Whoever the sponsor is, these are the questions we would want answered about any apartment syndication in Hollywood, based on the local numbers above.

• What vacancy does the plan assume? Rental vacancy in Hollywood is 7.2%. A plan that assumes much lower vacancy than the market should explain why.
• What rent growth is underwritten? Rents here rose 35.8% over five years. Ask whether the plan assumes that pace continues, and what happens to the deal if rents stay flat.
• How was the property tax bill estimated? A sale often triggers a reassessment, so the bill after purchase can be well above what the seller pays today.
• What capital work is budgeted? The median home in Hollywood was built in 1969, so roofs, plumbing and electrical systems deserve their own line items.
• How and when does capital come back? Ask what the plan is for a refinance or sale, and what happens if that takes longer than expected.

How Passive Investing In A Hollywood Apartment Syndication Works

Two groups make an apartment syndication work. The sponsor, or general partner, handles the deal: finding the building, financing it and running the business plan. The limited partners are passive investors who contribute capital and share in the property's results under the offering's terms.

Syndications are long-term and illiquid, and capital usually stays committed for several years. Results are never certain. Most offerings are limited to accredited investors, and the rules depend on whether a deal uses Rule 506(b) or Rule 506(c). See investing with Skyline Capital for how we work with limited partners.

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