Zumper
modified
3 Days Ago

Highlights

  • Pet Friendly
  • Walk-in closets
  • Stainless steel appliances
  • Walk in closets
  • Ample storage
  • Peaceful living
  • In-unit washer and dryer

Location

531 Banks Rd, Margate, FL 33063, USA
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Tour 531 Banks Rd Margate, FL 33063

Contact

Management

Cruise Property Management

Leasing office

(855) 600-1631

Property Overview

The property at 531 Banks Rd in Margate, FL, receives a commendable overall score of 8 out of 10 from Zumper, reflecting its strong balance of price and value, with competitive pricing and an impressive amenities rating of 9. Additionally, it boasts notable features such as stainless steel appliances and a community pool, along with a prime location that offers residents easy access to transportation and essential services. Furthermore, the property is recognized for its pet-friendly environment with several nearby amenities catering to pet owners.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.0
Very Good
With a solid 8 out of 10 overall, 531 Banks Rd Margate, FL 33063 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 531 Banks Rd Margate, FL 33063 has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Laundry available on site
  • Pet friendly

Great for

  • Pet owners

Floor plans

2BR/1.0BA2 bed1 bath848 sqft$1,795 /mo1 unit availableFirst month $995 AND sd $995 w/ approved credit! This lakefront 2/1 is the perfect and tranquil place to come home from work and watch the beautiful sunset from your bedroom window - or pick up a rod and walk out and catch a fish right in front of your door! Don't feel like fishing? Walk to the community pool and go take a dip! This centrally located apartment with enormous kitchen, walk in closets, upgraded granite kitchen with stainless steel appliances, upgraded bathroom and central ac make it the perfect place for families. All schools within the area are A-rated, and offer the best education for your kids! Plus - the local school bus stop is in the community as well! All the shopping and convinces of life surround this entire property so why live anywhere else? Apply today! Professional maintenance is a click away - and come home to a nice, quiet residence with great neighbors in a friendly environment.

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Amenities for 531 Banks Rd Margate, FL 33063

Appliances

RangeRefrigerator
Stove

Building

Cats OKDogs OK
Onsite Laundry

Grounds

Assigned Parking

Neighborhood

Lakefront
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed 
Limit1

Cat policy

Allowed 
Limit1

Parking

Assigned ParkingContact for Price
Building details

Property details

Units10
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About 531 Banks Rd Margate, FL 33063

HomeApartments in Margate 531 Banks Rd Margate, FL 33063

Welcome home to this tranquil lakefront 2-bedroom, 1-bath residence, where you can relax after a long day and enjoy breathtaking sunsets right from your bedroom window. Prefer to be outdoors? Step outside with a fishing rod and catch a fish right at your doorstep—or take a short walk to the community pool for a refreshing dip. This centrally located apartment offers both comfort and convenience, featuring: A spacious kitchen with upgraded granite countertops and stainless steel appliances Walk-in closets for ample storage An updated bathroom and central A/C In-unit washer and dryer for added convenience Families will appreciate that all nearby schools are A-rated, with the added benefit of a school bus stop right within the community. Surrounded by shopping, dining, and everyday conveniences, this home provides the ideal balance of peaceful living and accessibility. Professional maintenance is just a click away, ensuring a stress-free lifestyle in a quiet community with great neighbors. Move-in specials available! Contact us today to learn more and apply.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very Good
With a solid 8 out of 10 overall, 531 Banks Rd Margate, FL 33063 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 531 Banks Rd Margate, FL 33063 has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated 531 Banks Rd Margate, FL 33063
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 531 Banks Rd Margate, FL 33063 is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
531 Banks Rd Margate, FL 33063 goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. Renters looking for popular or luxurious features will find them here—and for that reason, 531 Banks Rd Margate, FL 33063 receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
531 Banks Rd Margate, FL 33063 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 531 Banks Rd Margate, FL 33063 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

531 Banks Rd Margate, FL 33063 is great for:

Pet owners

  • 1 dog park within 1 mile
  • 3 pet hospitals in the area
  • 2 pet grooming services nearby
  • 3 pet supply stores near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 531 Banks Rd Margate, FL 33063 compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Laundry available on site
Washers and dryers are available in-building or in-unit
Pet friendly
This property allows pets

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Margate

2-bedroom apartments at 531 Banks Rd Margate, FL 33063 cost about 6% less than the average rent price for 2-bedroom apartments in Margate.

Median rents as of Sep 27 2025.
Margate
A table of studio rental data trends in Margate
MonthMedian Rent
October 2023$2,500
November 2023$2,500
December 2023$2,500
January 2024$2,130
February 2024$2,500
March 2024$2,039
April 2024$1,500
October 2024$1,400
August 2025$1,400
September 2025$1,394

Affordability calculator

Can I afford to live at 531 Banks Rd?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$71,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $71,800 annually to afford this 2-bedrooms monthly rent price of $1,795.
For more information on rent affordability, visit our rent calculator.

Schools near 531 Banks Rd Margate, FL 33063

Dave Thomas Education Center West

4690 coconut creek pkwy

coconut creek, FL, 33063

PK, 6-12Public
C

Broward Virtual Instruction Program

1400 nw 44th ave

coconut creek, FL, 33066

K-5Public
B+

Cross Creek School

1010 nw 31st ave

pompano beach, FL, 33069

K-12Public
C+

Cypress Run Alternative/Ese

2800 nw 30 av

pompano beach, FL, 33069

K-12Public

Bright Horizons Center

3901 ne 1st ter

pompano beach, FL, 33064

K-12Public
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Internet available near 531 Banks Rd Margate, FL 33063

Getting around Margate near 531 Banks Rd

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 531 Banks Rd, Margate

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

4/10
No elementary schools within a 30-minute walk

High schools

6/10
At least one high school within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

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