Average Rent in Miami Financial District, Miami, FL

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Current Versus Historical Miami Financial District, Miami, FL Rents

Miami Financial District rentals average $3,000 for a studio rental to $60,000 for a 4-bedroom rental. The median price of all currently available listings is $4,500, or roughly $5 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $275 (10.28%) year-over-year from $2,675 to $2,950. 1-bedroom rentals prices have increased by $137 (4.06%) year-over-year from $3,363 to $3,500. 2-bedroom rentals prices have decreased by $133 (-2.60%) year-over-year from $5,133 to $5,000. 3-bedroom rentals prices have increased by $1,317 (15.25%) year-over-year from $8,633 to $9,950. 4-bedroom rentals prices have increased by $63,867 (395.87%) year-over-year from $16,133 to $80,000. 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 9.60% this month. 1-bedroom rents have gone up by 0.96% this month. 2-bedroom rents have gone down by 4.46% this month. 3-bedroom rents have gone up by 4.92% this month. 4-bedroom rents have gone up by 33.33% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.52	$2,950	$2,675 (10.28%)	$1,888 (56.29%)
1 BR	$4.71	$3,500	$3,363 (4.06%)	$2,300 (52.17%)
2 BR	$4.57	$5,000	$5,133 (-2.60%)	$3,333 (50.00%)
3 BR	$5.62	$9,950	$8,633 (15.25%)	$5,500 (80.91%)
4+ BR	$11.60	$80,000	$16,133 (395.87%)	$4,617 (1,632.85%)

Historical Rents in Miami Financial District, Miami, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Miami Financial District

There are a total of 30 cities nearby Miami Financial District. The average rent in Miami Financial District is currently $3,050 per month. A total of 24 cities nearby have an average rent lower than that. Our records show that Golden Glades, FL, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Miami Financial District, Miami, FL is Bal Harbour, FL. Monthly rents here are on average $9,000 per month.

Let's compare Miami Financial District, Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Miami Financial District, Miami, FL is 52.50% more expensive than other cities nearby. One bedrooms are about 44.58% more expensive. Two bedrooms in Miami Financial District, Miami, FL are about 52.78% more expensive. Finally, rent for three bedrooms are about 62.04% more expensive. Want more information? Check out the top 10 cities out of 30 total cities near Miami Financial District, Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
North Miami, FL	$1,475	$1,800	$2,500	$2,300
Fountainebleau, FL	N/A	$2,050	$2,500	$2,600
North Bay Village, FL	$1,950	$2,350	$3,350	$2,950
Glenvar Heights, FL	N/A	$2,000	$3,000	$3,000
Bay Harbor Islands, FL	N/A	$2,675	$3,800	$3,650
Miami, FL	$2,350	$3,100	$4,219	$3,800
Miami Beach, FL	$2,300	$3,000	$5,300	$3,900
Coral Gables, FL	$1,865	$2,300	$3,950	$4,545
Surfside, FL	$2,750	$2,898	$4,750	$5,500
Key Biscayne, FL	$14,200	$3,350	$6,700	$8,000

Top Neighborhoods Near Miami Financial District

There are a total of 37 neighborhoods in or near Miami Financial District. Some of these neighborhoods include Altos Del Mar South, Flamingo - Lummus, and East Little Havana. We've included the top 30 neighborhoods out of 37 total neighborhoods in or near Miami Financial District, Miami, FL in the following chart.

The average rent for these 30 neighborhoods in or near Miami Financial District, Miami, FL is currently around $3,300 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $3,300. Out of all the neighborhoods in or near Miami Financial District, Altos Del Mar South has the most affordable average rent at $2,175 per month. Whereas, at $9,000 average rent per month, Bal Harbour is the most expensive neighborhood in or near Miami Financial District. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Altos Del Mar South, Miami Beach, FL	$1,799	$1,995	$3,500	$2,175
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,250	$4,000	$2,200
East Little Havana, Miami, FL	$1,550	$1,990	$2,500	$2,300
Allapattah, Miami, FL	$1,750	$1,950	$2,425	$2,375
Normandy Isles, Miami Beach, FL	$2,500	$1,975	$2,575	$2,525
Flagami, Miami, FL	$1,400	$1,925	$2,625	$2,600
Treasure Island, North Bay Village, FL	$1,890	$2,200	$2,950	$2,700
West Little Havana, Miami, FL	$1,650	$1,850	$2,800	$2,800
Little Haiti, Miami, FL	$1,550	$1,800	$2,575	$2,850
Liberty City, Miami, FL	$1,400	$1,650	$2,450	$2,875
Glenvar Heights, FL	N/A	$2,000	$3,000	$3,000
Upper East Side, Miami, FL	$1,550	$2,300	$2,725	$3,250
Coral Way, Miami, FL	$1,850	$2,225	$2,900	$3,275
City Center, Miami Beach, FL	$2,850	$3,200	$9,500	$3,300
West Avenue, Miami Beach, FL	$2,400	$3,300	$4,900	$3,500
Downtown Miami, Miami, FL	$2,850	$3,000	$4,237	$3,500
Media and Entertainment District, Miami, FL	$2,450	$3,200	$4,500	$3,600
Bay Harbor Islands, FL	N/A	$2,675	$3,800	$3,650
South Miami, FL	N/A	$2,050	$3,100	$3,750
Wynwood, Miami, FL	$2,650	$3,500	$4,700	$4,075
Brickell, Miami, FL	$2,950	$3,500	$5,050	$4,425
Edgewater, Miami, FL	$2,150	$3,475	$5,700	$5,200
Altos Del Mar, Surfside, FL	$2,750	$2,950	$5,000	$5,500
Park West, Miami, FL	$4,300	$4,100	$5,700	$5,725
Bayshore, Miami Beach, FL	$1,952	$2,398	$6,150	$6,950
Northeast Coconut Grove, Miami, FL	$2,500	$2,950	$5,750	$7,000
Pinecrest, FL	N/A	$1,925	$2,600	$7,500
Village of Key Biscayne, Key Biscayne, FL	$14,200	$3,350	$6,700	$8,000
South Pointe, Miami Beach, FL	$2,050	$3,500	$9,500	$8,400
Bal Harbour, FL	$3,299	$4,500	$8,000	$9,000

Top Counties Near Miami Financial District

There are a total of 37 counties located by Miami Financial District, Miami, FL. Some of these counties include Hialeah, FL, Miami Gardens, FL, and Kendale Lakes-Tamiami, FL. The average rent for rentals in these counties is $3,425. That's roughly around $3 per sqft. A total of 9 counties have a lower average rent. The county that is the most affordable is Hialeah, FL. It's average rent per month is $2,600. Vice versa, with an average rent of $8,000, Key Biscayne, FL is the most expensive county by Miami Financial District, Miami, FL.

Typically, rent for studios in Miami Financial District, Miami, FL is 42.92% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Miami Financial District, Miami, FL is 43.06% more expensive than other counties nearby. Finally, rent for two bedrooms in Miami Financial District, Miami, FL is 48.15% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Hialeah, FL	$1,400	$1,850	$2,400	$2,600
Miami Gardens, FL	N/A	$1,500	$2,200	$3,000
Kendale Lakes-Tamiami, FL	$1,400	$1,900	$2,500	$3,000
Hallandale Beach, FL	$1,625	$2,200	$3,300	$3,200
North Westside, FL	$1,900	$2,150	$2,700	$3,350
Miami, FL	$2,100	$2,750	$3,750	$3,500
South Westside, FL	$1,400	$1,650	$2,900	$3,700
Kendall-Palmetto Bay, FL	$1,800	$1,950	$2,600	$3,800
Miami Beach, FL	$2,300	$2,895	$5,500	$4,500
Key Biscayne, FL	$14,200	$3,350	$6,700	$8,000

Top Zipcodes Near Miami Financial District

There are a total of 48 zipcodes in or near Miami Financial District, Miami, FL. The average rent for all of these zipcodes is $3,325. A total of 41 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33169, Miami Gardens, FL at $2,000 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 33149, Key Biscayne, FL.

Studios in these zipcodes have an average rent of $1,513. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Miami Financial District, Miami, FL is $2,038 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,800 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in Miami Financial District, Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33131, Miami, FL	$2,950	$3,400	$5,400	$4,300
33130, Miami, FL	$2,275	$3,100	$4,150	$3,738
33129, Miami, FL	$1,850	$2,975	$4,200	$4,000
33132, Miami, FL	$2,575	$3,350	$4,500	$3,900
33136, Miami, FL	$1,745	$2,025	$2,800	$2,525
33145, Miami, FL	N/A	$2,300	$2,900	$3,400
33135, Miami, FL	$1,400	$1,963	$2,400	$2,200
33139, Miami Beach, FL	$2,500	$3,020	$7,500	$3,850
33125, Miami, FL	$1,750	$1,875	$2,550	$2,550
33127, Miami, FL	$2,353	$3,000	$2,950	$3,775

Frequently Asked Questions - Miami Financial District Average Rents

What is the average rent price in Miami Financial District, Miami, FL?

The average monthly rental price for Miami Financial District, Miami, FL apartments for rent is approximately $4,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Miami Financial District, 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 Miami Financial District, Miami, FL.

How much is a studio apartment in Miami Financial District, Miami, FL?

The average monthly rental price for studio apartments is $3,000 and an average price per square feet of $5.52. There are a total of 23 studio apartment listings currently available for rent in Miami Financial District.

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

The average monthly rental price for one bedroom apartments is $3,600 and an average price per square feet of $4.71. There are a total of 159 one bedroom apartment listings currently available for rent in Miami Financial District.

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

The average monthly rental price for two bedroom apartments is $5,400 and an average price per square feet of $4.57. There are a total of 175 two bedroom apartment listings currently available for rent in Miami Financial District.

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

Rent prices for rentals in Miami Financial District, Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by 0.15% year-over-year.

What is a reasonable rent price in Miami Financial District, Miami, FL?

A reasonable rent price in Miami Financial District, Miami, FL is around $3,600/month. You can search for these reasonably priced rental listings on RentHop.