Average Rent in Downtown Miami, Miami, FL

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Current Versus Historical Downtown Miami, Miami, FL Rents

Downtown Miami rentals average $2,428 for a studio rental to $13,000 for a 4-bedroom rental. The median price of all currently available listings is $3,225, or roughly $53 per square feet.
For the apartment units and housing in July 2026, median rents have risen over the last year. Studio rentals prices have increased by $53 (2.21%) year-over-year from $2,375 to $2,428. 1-bedroom rentals prices have increased by $250 (9.09%) year-over-year from $2,750 to $3,000. 2-bedroom rentals prices have decreased by $223 (-5.61%) year-over-year from $3,973 to $3,750. 3-bedroom rentals prices have increased by $100 (1.52%) year-over-year from $6,600 to $6,700. 4-bedroom rentals prices have decreased by $26,317 (-66.94%) year-over-year from $39,317 to $13,000. 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 down by 9.28% this month. 1-bedroom rents have gone down by 2.70% this month. 2-bedroom rents have gone down by 0.66% this month. 3-bedroom rents have gone up by 11.05% this month. 4-bedroom rents have gone down by 18.75% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $70.93 $2,428 $2,375 (2.21%) $2,339 (3.77%)
1 BR $56.69 $3,000 $2,750 (9.09%) $2,908 (3.15%)
2 BR $38.93 $3,750 $3,973 (-5.61%) $4,000 (-6.24%)
3 BR $58.66 $6,700 $6,600 (1.52%) $5,933 (12.92%)
4+ BR $51.00 $13,000 $39,317 (-66.94%) $17,700 (-26.55%)

Historical Rents in Downtown Miami, Miami, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Downtown Miami

There are a total of 9 cities nearby Downtown Miami. The average rent in Downtown Miami is currently $2,861 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Pembroke Pines, FL, with an average rent of $2,275, is the most affordable city nearby. In contrast, the most expensive city near Downtown Miami, Miami, FL is Sunny Isles Beach, FL. Monthly rents here are on average $4,275 per month.

Let's compare Downtown Miami, Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Miami, Miami, FL is 41.30% more expensive than other cities nearby. One bedrooms are about 40.00% more expensive. Two bedrooms in Downtown Miami, Miami, FL are about 18.00% more expensive. Finally, rent for three bedrooms are about 40.31% more expensive. Want more information? Check out the top 9 cities near Downtown Miami, Miami, FL in the following table.
City Studio 1 Bed 2 Bed All
Pembroke Pines, FL $1,475 $1,700 $2,200 $2,275
Hallandale Beach, FL $1,425 $1,800 $2,700 $2,300
Hollywood, FL $1,400 $1,700 $2,500 $2,400
Miramar, FL $1,360 $1,595 $2,275 $2,650
North Miami, FL $1,413 $1,750 $3,075 $2,861
Miami Beach, FL $2,675 $3,000 $3,700 $3,200
Aventura, FL N/A $2,160 $3,200 $3,200
Miami, FL $2,672 $3,200 $4,100 $3,500
Sunny Isles Beach, FL $2,200 $2,373 $4,225 $4,275

Top Neighborhoods Near Downtown Miami

There are a total of 4 neighborhoods in or near Downtown Miami. Some of these neighborhoods include Hallandale Beach, Hollywood Lakes, and Hollywood Beach - Quadoman. We've included all of these top 4 neighborhoods in or near Downtown Miami, Miami, FL in the following table.

The average rent for these 4 neighborhoods in or near Downtown Miami, Miami, FL is currently around $2,850 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is less than Downtown Miami's average rent, which is actually $3,225. Out of all the neighborhoods in or near Downtown Miami, Hallandale Beach has the most affordable average rent at $2,300 per month. Whereas, at $4,175 average rent per month, Brickell is the most expensive neighborhood in or near Downtown Miami. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Hallandale Beach, FL $1,425 $1,800 $2,700 $2,300
Hollywood Lakes, Hollywood, FL $1,325 $1,650 $2,400 $2,600
Hollywood Beach - Quadoman, Hollywood, FL $1,925 $2,600 $3,900 $3,100
Brickell, Miami, FL $3,000 $3,550 $4,900 $4,175

Top Counties Near Downtown Miami

There are a total of 6 counties located by Downtown Miami, Miami, FL. Some of these counties include Hallandale Beach, FL, Miramar-Pembroke Pines, FL, and Hialeah, FL. The average rent for rentals in these counties is $2,450. That's roughly around $29 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Miramar-Pembroke Pines, FL. Its average rent per month is $2,300. Vice versa, with an average rent of $3,500, Miami Beach, FL is the most expensive county by Downtown Miami, Miami, FL.

Typically, rent for studios in Downtown Miami, Miami, FL is 35.24% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Miami, Miami, FL is 38.96% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Miami, Miami, FL is 32.56% more expensive than other counties nearby. We've listed all of these counties in the table below.
County Studio 1 Bed 2 Bed All
Hallandale Beach, FL $1,425 $1,800 $2,700 $2,300
Miramar-Pembroke Pines, FL $1,450 $1,700 $2,200 $2,300
Hialeah, FL $1,594 $1,863 $2,358 $2,400
Kendale Lakes-Tamiami, FL $1,550 $1,800 $2,278 $2,500
Miami, FL $2,494 $2,800 $3,300 $3,200
Miami Beach, FL $2,600 $2,750 $4,100 $3,500

Top Zipcodes Near Downtown Miami

There are a total of 14 zipcodes in or near Downtown Miami, Miami, FL. The average rent for all of these zipcodes is $2,988. A total of 8 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33020, Hollywood, FL at $1,925 per month. In comparison, the zipcode with the most expensive average rent of $3,625 per month is 33140, Miami Beach, FL.

Studios in these zipcodes have an average rent of $1,650. That's at least $48 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Miami, Miami, FL is $2,050 per month. Or in other words, $32 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,400 per month. Which comes out to $34 per sqft. The following table includes the top 10 zipcodes in Downtown Miami, Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
33130, Miami, FL $3,200 $3,100 $3,750 $3,350
33132, Miami, FL $2,500 $3,300 $4,000 $3,419
33139, Miami Beach, FL $2,775 $3,050 $3,500 $3,175
33140, Miami Beach, FL $2,180 $3,400 $3,900 $3,625
33141, Miami Beach, FL $1,850 $2,200 $3,550 $2,800
33161, North Miami, FL $1,350 $1,700 $2,200 $2,000
33160, North Miami Beach, FL $1,973 $2,350 $3,600 $3,575
33180, Aventura, FL N/A $1,825 $3,300 $3,300
33009, Hallandale Beach, FL $1,425 $1,800 $2,700 $2,300
33023, Miramar, FL $1,450 $1,538 $2,050 $2,000

Frequently Asked Questions - Downtown Miami Average Rents

What is the average rent price in Downtown Miami, Miami, FL?
The average monthly rental price for Downtown Miami, Miami, FL apartments for rent is approximately $3,225. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Downtown Miami, Miami, 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 Downtown Miami, Miami, FL.
How much is a studio apartment in Downtown Miami, Miami, FL?
The average monthly rental price for studio apartments is $2,428 and an average price per square feet of $70.93. There are a total of 12 studio apartment listings currently available for rent in Downtown Miami.
How much is a one bedroom apartment in Downtown Miami, Miami, FL?
The average monthly rental price for one bedroom apartments is $3,000 and an average price per square feet of $56.69. There are a total of 35 one bedroom apartment listings currently available for rent in Downtown Miami.
How much is a two bedroom apartment in Downtown Miami, Miami, FL?
The average monthly rental price for two bedroom apartments is $3,750 and an average price per square feet of $38.93. There are a total of 16 two bedroom apartment listings currently available for rent in Downtown Miami.
How have rent prices in Downtown Miami, Miami, FL changed this year?
Rent prices for rentals in Downtown Miami, Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.02%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by -0.06%, three bedroom rental prices have changed by 0.02% year-over-year.
What is a reasonable rent price in Downtown Miami, Miami, FL?
A reasonable rent price in Downtown Miami, Miami, FL is around $2,580/month. You can search for these reasonably priced rental listings on RentHop.
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