Average Rent in Downtown Miami, Miami, FL

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Current Versus Historical Downtown Miami, Miami, FL Rents

Downtown Miami rentals average $2,390 for a studio rental to $3,600 for a 2-bedroom rental. The median price of all currently available listings is $2,938, or roughly $52 per square feet.
For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $15 (-0.62%) year-over-year from $2,400 to $2,385. 1-bedroom rentals prices have decreased by $96 (-3.43%) year-over-year from $2,796 to $2,700. 2-bedroom rentals prices have increased by $336 (8.37%) year-over-year from $4,008 to $4,344. 3-bedroom rentals prices have decreased by $3,499 (-34.31%) year-over-year from $10,199 to $6,700. 4-bedroom rentals prices have decreased by $21,167 (-61.95%) year-over-year from $34,167 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 12.26% this month. 1-bedroom rents have gone down by 12.20% this month. 2-bedroom rents have gone down by 18.39% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Oct 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $70.60 $2,385 $2,400 (-0.62%) $2,325 (2.58%)
1 BR $50.53 $2,700 $2,796 (-3.43%) $2,863 (-5.68%)
2 BR $40.19 $4,344 $4,008 (8.37%) $3,883 (11.86%)

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 10 cities nearby Downtown Miami. The average rent in Downtown Miami is currently $2,580 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Hollywood, FL, with an average rent of $2,200, 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 $3,100 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 41.42% more expensive than other cities nearby. One bedrooms are about 40.44% more expensive. Two bedrooms in Downtown Miami, Miami, FL are about 25.90% more expensive. Want more information? Check out the top 10 cities near Downtown Miami, Miami, FL in the following table.
City Studio 1 Bed 2 Bed All
Hollywood, FL $1,400 $1,750 $2,275 $2,200
North Miami Beach, FL N/A $1,698 $2,400 $2,200
Pembroke Pines, FL $1,475 $1,600 $2,100 $2,200
Hallandale Beach, FL $1,398 $1,750 $2,598 $2,300
North Miami, FL $1,400 $1,750 $2,738 $2,559
Miramar, FL $1,290 $1,640 $2,400 $2,600
Miami Beach, FL $2,350 $2,500 $3,575 $2,850
Aventura, FL N/A $1,900 $2,950 $2,950
Miami, FL $2,600 $2,850 $3,600 $3,100
Sunny Isles Beach, FL $1,873 $2,350 $3,775 $3,100

Top Neighborhoods Near Downtown Miami

There are a total of 6 neighborhoods in or near Downtown Miami. Some of these neighborhoods include Royal Poinciana, Parkside, and North Central Hollywood. We've included all of these top 6 neighborhoods in or near Downtown Miami, Miami, FL in the following table.

The average rent for these 6 neighborhoods in or near Downtown Miami, Miami, FL is currently around $2,100 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,100. Interestingly, the neighborhoods' average rent is less than Downtown Miami's average rent, which is actually $2,938. Out of all the neighborhoods in or near Downtown Miami, Royal Poinciana has the most affordable average rent at $1,775 per month. Whereas, at $3,925 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
Royal Poinciana, Hollywood, FL $1,275 $1,700 $1,900 $1,775
Parkside, Hollywood, FL $1,375 $1,750 $2,200 $1,894
North Central Hollywood, Hollywood, FL $1,100 $1,575 $2,200 $1,900
Hallandale Beach, FL $1,398 $1,750 $2,595 $2,300
Hollywood Beach - Quadoman, Hollywood, FL $1,850 $2,500 $4,000 $3,000
Brickell, Miami, FL $2,995 $3,525 $4,500 $3,925

Top Counties Near Downtown Miami

There are a total of 9 counties located by Downtown Miami, Miami, FL. Some of these counties include Hallandale Beach, FL, Kendale Lakes-Tamiami, FL, and Miramar-Pembroke Pines, FL. The average rent for rentals in these counties is $2,450. That's roughly around $29 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Hallandale Beach, FL. Its average rent per month is $2,300. Vice versa, with an average rent of $3,100, North Westside, FL is the most expensive county by Downtown Miami, Miami, FL.

Typically, rent for studios in Downtown Miami, Miami, FL is 41.42% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Miami, Miami, FL is 36.01% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Miami, Miami, FL is 32.03% 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 $1,400 $1,750 $2,573 $2,300
Kendale Lakes-Tamiami, FL N/A $1,880 $2,275 $2,325
Miramar-Pembroke Pines, FL $1,450 $1,650 $2,200 $2,400
Kendall-Palmetto Bay, FL $1,200 $1,900 $2,450 $2,450
Hialeah, FL $1,724 $1,850 $2,264 $2,450
Princeton-Goulds, FL N/A $1,700 $1,965 $2,595
Miami, FL $2,505 $2,273 $2,812 $2,800
Miami Beach, FL $2,200 $2,400 $3,750 $2,950
North Westside, FL N/A $1,950 $2,447 $3,100

Top Zipcodes Near Downtown Miami

There are a total of 13 zipcodes in or near Downtown Miami, Miami, FL. The average rent for all of these zipcodes is $2,400. A total of 9 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 $1,875 per month. In comparison, the zipcode with the most expensive average rent of $3,350 per month is 33132, Miami, FL.

Studios in these zipcodes have an average rent of $1,450. That's at least $34 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 $1,799 per month. Or in other words, $29 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,595 per month. Which comes out to $30 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
33132, Miami, FL $2,445 $3,300 $4,350 $3,350
33139, Miami Beach, FL $2,600 $2,500 $4,200 $3,000
33141, Miami Beach, FL $1,850 $2,075 $2,595 $2,400
33160, North Miami Beach, FL $1,745 $2,225 $2,950 $2,806
33180, Aventura, FL N/A $1,900 $3,000 $3,000
33009, Hallandale Beach, FL $1,398 $1,750 $2,595 $2,300
33023, Miramar, FL $1,450 $1,500 $2,150 $2,150
33025, Miramar, FL $1,000 $1,799 $2,190 $2,238
33027, Miramar, FL $1,475 $1,725 $2,300 $2,420
33019, Hollywood, FL $1,975 $2,500 $4,000 $3,000

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 $2,938. 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 $2,390 and an average price per square feet of $70.60. There are a total of 11 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 $2,938 and an average price per square feet of $50.53. There are a total of 30 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 $3,600 and an average price per square feet of $40.19. There are a total of 9 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 -0.01%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.08%, three bedroom rental prices have changed by -0.34% 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 $2,350/month. You can search for these reasonably priced rental listings on RentHop.