Average Rent in Miami Beach, FL

Current Versus Historical Miami Beach, FL Rents

Miami Beach rentals average $2,300 for a studio rental to $28,600 for a 4-bedroom rental. The median price of all currently available listings is $3,900, or roughly $5 per square feet.

For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have decreased by $91 (-4.69%) year-over-year from $1,941 to $1,850. 1-bedroom rentals prices have increased by $134 (5.52%) year-over-year from $2,417 to $2,550. 2-bedroom rentals prices have increased by $220 (5.26%) year-over-year from $4,180 to $4,400. 3-bedroom rentals prices have decreased by $294 (-3.01%) year-over-year from $9,794 to $9,500. 4-bedroom rentals prices have increased by $6,200 (32.98%) year-over-year from $18,800 to $25,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.91% this month. 1-bedroom rents have gone up by 3.38% this month. 2-bedroom rents have gone up by 8.90% this month. 3-bedroom rents have gone up by 6.19% this month. 4-bedroom rents have gone up by 21.95% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.62	$1,850	$1,941 (-4.69%)	$1,348 (37.29%)
1 BR	$4.29	$2,550	$2,417 (5.52%)	$1,708 (49.28%)
2 BR	$4.66	$4,400	$4,180 (5.26%)	$2,900 (51.72%)
3 BR	$6.74	$9,500	$9,794 (-3.01%)	$8,167 (16.33%)
4+ BR	$8.15	$25,000	$18,800 (32.98%)	$16,667 (50.00%)

Historical Rents in Miami Beach, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Miami Beach

There are a total of 14 cities nearby Miami Beach. The average rent in Miami Beach is currently $3,525 per month. A total of 9 cities nearby have an average rent lower than that. Our records show that North Miami, FL, with an average rent of $2,195, is the most affordable city nearby. In contrast, the most expensive city near Miami Beach, FL is Bal Harbour, FL. Monthly rents here are on average $8,850 per month.

Let's compare Miami Beach, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Miami Beach, FL is 26.90% more expensive than other cities nearby. One bedrooms are about 21.23% more expensive. Two bedrooms in Miami Beach, FL are about 32.74% more expensive. Finally, rent for three bedrooms are about 53.94% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near Miami Beach, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
North Miami, FL	$1,513	$1,800	$2,400	$2,195
Golden Glades, FL	N/A	$1,650	$2,150	$2,300
North Miami Beach, FL	$1,195	$1,800	$3,050	$2,675
North Bay Village, FL	$2,000	$2,300	$3,400	$3,200
Miami, FL	$2,429	$3,072	$4,300	$3,850
Bay Harbor Islands, FL	N/A	$2,600	$4,775	$4,750
Surfside, FL	$2,800	$2,925	$4,750	$4,875
Sunny Isles Beach, FL	$2,200	$2,500	$5,500	$5,600
Key Biscayne, FL	$14,200	$3,550	$6,950	$8,500
Bal Harbour, FL	$2,998	$3,950	$10,000	$8,850

Top Neighborhoods Near Miami Beach

There are a total of 27 neighborhoods in or near Miami Beach. Some of these neighborhoods include Flamingo - Lummus, East Little Havana, and Normandy Isles. We've included all of these top 27 neighborhoods in or near Miami Beach, FL in the following chart.

The average rent for these 27 neighborhoods in or near Miami Beach, FL is currently around $3,505 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only twelve neighborhoods have a higher average rent than $3,505. Out of all the neighborhoods in or near Miami Beach, Flamingo - Lummus has the most affordable average rent at $2,300 per month. Whereas, at $12,000 average rent per month, Venetian Islands is the most expensive neighborhood in or near Miami Beach. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,200	$3,500	$2,300
East Little Havana, Miami, FL	$1,700	$1,975	$2,550	$2,400
Normandy Isles, Miami Beach, FL	$1,800	$2,000	$2,575	$2,500
Eastern Shores, North Miami Beach, FL	N/A	$2,100	$2,650	$2,700
Sunny Isles Shores, Sunny Isles Beach, FL	N/A	$2,100	$4,100	$2,900
Little Haiti, Miami, FL	$1,600	$1,850	$2,700	$2,975
California Club, Ives Estates, FL	N/A	$1,795	$2,250	$2,990
Treasure Island, North Bay Village, FL	$2,025	$2,300	$2,975	$3,000
Golden Shores Ocean Boulevard Estates, Sunny Isles Beach, FL	N/A	$2,600	$3,350	$3,000
Upper East Side, Miami, FL	$1,600	$2,275	$2,575	$3,300
City Center, Miami Beach, FL	$2,800	$3,225	$7,000	$3,300
Hallandale Beach, FL	$1,850	$2,300	$3,450	$3,325
Downtown Miami, Miami, FL	$2,700	$3,000	$4,250	$3,500
Media and Entertainment District, Miami, FL	$2,500	$3,100	$4,400	$3,505
West Avenue, Miami Beach, FL	$2,400	$3,214	$4,900	$3,602
Wynwood, Miami, FL	$2,559	$3,500	$5,000	$4,000
Brickell, Miami, FL	$3,000	$3,500	$5,000	$4,400
Bay Harbor Islands, FL	N/A	$2,600	$4,775	$4,750
Altos Del Mar, Surfside, FL	$2,800	$2,950	$5,000	$5,000
Edgewater, Miami, FL	$1,900	$3,300	$5,416	$5,000
The Waterways, Aventura, FL	N/A	$2,506	$3,400	$5,000
Park West, Miami, FL	$3,625	$3,850	$5,725	$5,775
Bayshore, Miami Beach, FL	N/A	$2,450	$6,100	$7,500
South Pointe, Miami Beach, FL	$1,975	$3,900	$8,500	$7,500
Village of Key Biscayne, Key Biscayne, FL	$14,200	$3,550	$6,950	$8,500
Bal Harbour, FL	$2,998	$3,950	$10,000	$8,850
Venetian Islands, Miami Beach, FL	N/A	$3,800	$5,950	$12,000

Top Counties Near Miami Beach

There are a total of 27 counties located by Miami Beach, FL. Some of these counties include Hallandale Beach, FL, Miami Beach, FL, and Key Biscayne, FL. The average rent for rentals in these counties is $4,500. That's roughly around $4 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Hallandale Beach, FL. It's average rent per month is $3,400. Vice versa, with an average rent of $8,500, Key Biscayne, FL is the most expensive county by Miami Beach, FL.

Typically, rent for studios in Miami Beach, FL is 0.43% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Miami Beach, FL is 5.00% more expensive than other counties nearby. Finally, rent for two bedrooms in Miami Beach, FL is 1.92% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Hallandale Beach, FL	$1,550	$2,300	$3,500	$3,400
Miami Beach, FL	$2,290	$2,850	$5,300	$4,500
Key Biscayne, FL	$14,200	$3,550	$6,950	$8,500

Top Zipcodes Near Miami Beach

There are a total of 21 zipcodes in or near Miami Beach, FL. The average rent for all of these zipcodes is $3,800. A total of 13 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33162, Miami, FL at $2,000 per month. In comparison, the zipcode with the most expensive average rent of $8,500 per month is 33149, Key Biscayne, FL.

Studios in these zipcodes have an average rent of $1,850. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Miami Beach, FL is $2,500 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,900 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in Miami Beach, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33139, Miami Beach, FL	$2,493	$3,000	$6,800	$3,900
33160, North Miami Beach, FL	$2,200	$2,300	$4,500	$5,000
33141, Miami Beach, FL	$1,750	$2,450	$3,795	$3,200
33131, Miami, FL	$3,000	$3,500	$5,200	$4,275
33132, Miami, FL	$2,650	$3,200	$4,500	$3,850
33140, Miami Beach, FL	$2,500	$3,000	$4,500	$4,600
33137, Miami, FL	$2,398	$3,275	$5,000	$4,700
33180, Aventura, FL	N/A	$2,500	$3,500	$3,800
33130, Miami, FL	$2,350	$3,100	$4,300	$3,700
33154, Bay Harbor Islands, FL	$2,950	$2,950	$5,998	$5,700

Frequently Asked Questions - Miami Beach Average Rents

What is the average rent price in Miami Beach, FL?

The average monthly rental price for Miami Beach, FL apartments for rent is approximately $3,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Miami Beach, FL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Miami Beach, FL.

How much is a studio apartment in Miami Beach, FL?

The average monthly rental price for studio apartments is $2,300 and an average price per square feet of $4.62. There are a total of 301 studio apartment listings currently available for rent in Miami Beach.

How much is a one bedroom apartment in Miami Beach, FL?

The average monthly rental price for one bedroom apartments is $3,000 and an average price per square feet of $4.29. There are a total of 791 one bedroom apartment listings currently available for rent in Miami Beach.

How much is a two bedroom apartment in Miami Beach, FL?

The average monthly rental price for two bedroom apartments is $5,200 and an average price per square feet of $4.66. There are a total of 642 two bedroom apartment listings currently available for rent in Miami Beach.

How have rent prices in Miami Beach, FL changed this year?

Rent prices for rentals in Miami Beach, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.05%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by -0.03% year-over-year.

What is a reasonable rent price in Miami Beach, FL?

A reasonable rent price in Miami Beach, FL is around $3,120/month. You can search for these reasonably priced rental listings on RentHop.