Renting at The Wave, 2501 S Ocean Drive, Hollywood, FL

By Zach Curtis, licensed agent, Realty Hub, SL3664129. Updated October 18, 2026. General information, not legal advice.

The Wave is a condominium at 2501 South Ocean Drive in Hollywood, Florida 33019, on the ocean side of A1A, a short drive north of the Hallandale Beach line. Because units are individually owned, rentals come and go one unit at a time, with each owner setting the rent.

Verified building facts

Address and legal name: 2501 S Ocean Dr, Hollywood, FL 33019; county records list units under the legal description "The Wave Condo."
Year built: 1968, per property records shown on Florida parcel listings for units in the building.
Type: condominium, concrete block construction, per MLS listing details.
Location: a 2026 MLS listing describes it as a beachfront building with direct beach access, near the Hollywood Beach Broadwalk.
Size: Homes.com lists 574 units.
Lease minimum: a 2026 MLS sale listing describes a minimum 3-month rental period. Rules can change, so confirm with the association.

Amenities described in listings include a pool, fitness center, valet and an on-site store; confirm what is currently open with the association.

Rentals at The Wave in our feed today

23 live listings from $2,100 to $5,400 a month (median $2,650).

Size	Listings	Lowest	Median	Highest
Studio	6	$2,350	$2,525	$3,200
1 bed	16	$2,100	$2,675	$5,000
2 beds	1	$5,400	$5,400	$5,400

Asking rents (not signed leases) from the long-term $1,500 to $6,000 listings in RentedFirst's BeachesMLS feed, calculated when this page loaded. Seasonal and short-term listings are excluded. Updated October 18, 2026.

Many units here are studios and 1-bedrooms, which makes the building one of the lower-cost ways into an oceanfront address; see studio apartments near Hallandale Beach.

Before you apply at The Wave

Association approval. Ask the listing agent whether the association must approve renters, the timeline, and the fee. Florida law allows an approval fee only if the condo documents provide for one, caps it per applicant (a married couple or a parent with dependent children counts as one), and bars a fee for renewing with the same tenant (section 718.112(2)(k), Florida Statutes).
Association deposit. The same section lets an association require a security deposit of up to one month's rent if its documents allow it.
Lease rules. Ask about minimum lease terms and how often a unit may be leased.
Pets, parking and move-in. Ask for the building's pet rules, the parking assignment for the unit, and the service elevator booking and any move-in deposit.
Building projects. Many Florida condo buildings three stories or higher must complete milestone inspections and structural integrity reserve studies (section 718.112(2)(g)-(h)). Ask whether work is planned that could affect the pool, balconies or parking during your lease.

Unit-level details like view, floor, renovation and what is included vary a lot inside one building. Zach can pull the listing details and book a showing; renters pay no fee to RentedFirst.

Nearby: Alexander Towers, Beach Club Two, all Hollywood apartments, waterfront rentals, Hollywood neighborhood page.

Sources

Fair housing: every listing is open to everyone. We describe buildings, prices and processes, never who lives where.

Tip: older oceanfront buildings like this can have smaller kitchens and fewer closets than newer towers. Measure during the showing if you are bringing furniture.

Lease length here

Because many units in beach buildings are rented seasonally, say up front that you want a 12-month lease and confirm the building allows it for that unit.

For studios and 1-bedrooms in the building, compare floor and view carefully; units on the same floor can face the ocean, the city or the Intracoastal.