Average Rent in Miami, FL

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Current Versus Historical Miami, FL Rents

Miami rentals average $2,400 for a studio rental to $13,500 for a 4-bedroom rental. The median price of all currently available listings is $3,857, or roughly $48 per square feet.

For the apartment units and housing in March 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $173 (7.95%) year-over-year from $2,177 to $2,350. 1-bedroom rentals prices have increased by $49 (1.63%) year-over-year from $3,000 to $3,049. 2-bedroom rentals prices have increased by $33 (0.80%) year-over-year from $4,167 to $4,200. 3-bedroom rentals prices have increased by $1,283 (24.60%) year-over-year from $5,217 to $6,500. 4-bedroom rentals prices have increased by $4,000 (50.00%) year-over-year from $8,000 to $12,000. 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 8.44% this month. 1-bedroom rents have gone up by 5.15% this month. 2-bedroom rents have gone up by 5.88% this month. 3-bedroom rents have gone up by 8.79% this month. 4-bedroom rents have gone up by 30.43% this month.

Beds	Price / Sqft	Mar 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$55	$2,350	$2,177 (7.95%)	$1,600 (46.88%)
1 BR	$48	$3,049	$3,000 (1.63%)	$1,840 (65.71%)
2 BR	$46	$4,200	$4,167 (0.80%)	$2,410 (74.25%)
3 BR	$50	$6,500	$5,217 (24.60%)	$2,675 (142.99%)
4+ BR	$61	$12,000	$8,000 (50.00%)	$2,717 (341.72%)

Historical Rents in Miami, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Miami

There are a total of 28 cities nearby Miami. The average rent in Miami is currently $2,960 per month. A total of 20 cities nearby have an average rent lower than that. Our records show that Golden Glades, FL, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Miami, FL is Bal Harbour, FL. Monthly rents here are on average $8,900 per month.

Let's compare Miami, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 36.04% more expensive. Two bedrooms in Miami, FL are about 38.10% more expensive. Finally, rent for three bedrooms are about 41.73% more expensive. Want more information? Check out the top 10 cities out of 28 total cities near Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
North Miami, FL	$1,638	$1,800	$2,550	$2,500
Fountainebleau, FL	N/A	$1,950	$2,400	$2,500
Glenvar Heights, FL	$2,140	$1,900	$2,720	$2,525
North Bay Village, FL	$2,100	$2,300	$3,048	$2,900
Hialeah, FL	N/A	$2,190	$2,600	$2,950
Miami Beach, FL	$2,330	$2,950	$4,800	$4,000
Coral Gables, FL	$2,000	$2,450	$3,500	$4,000
Bay Harbor Islands, FL	N/A	$2,525	$5,000	$4,950
Surfside, FL	N/A	$3,150	$4,200	$5,400
Key Biscayne, FL	N/A	$4,000	$6,500	$7,500

Top Neighborhoods Near Miami

There are a total of 31 neighborhoods in or near Miami. Some of these neighborhoods include East Little Havana, Altos Del Mar South, and Overtown. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near Miami, FL in the following chart.

The average rent for these 30 neighborhoods in or near Miami, FL is currently around $3,370 per month. A total of 19 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $3,370. Out of all the neighborhoods in or near Miami, East Little Havana has the most affordable average rent at $2,100 per month. Whereas, at $8,900 average rent per month, Bal Harbour is the most expensive neighborhood in or near Miami. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
East Little Havana, Miami, FL	$1,750	$1,875	$2,500	$2,100
Altos Del Mar South, Miami Beach, FL	$1,950	$2,000	$3,450	$2,150
Overtown, Miami, FL	$2,021	$1,700	$2,999	$2,300
Flamingo - Lummus, Miami Beach, FL	$1,950	$2,400	$3,500	$2,410
Glenvar Heights, FL	$2,140	$1,900	$2,710	$2,500
Normandy Isles, Miami Beach, FL	$1,725	$2,150	$2,725	$2,500
Flagami, Miami, FL	$1,675	$2,000	$2,699	$2,550
Treasure Island, North Bay Village, FL	$1,760	$2,250	$2,925	$2,700
West Little Havana, Miami, FL	N/A	$1,925	$2,650	$2,750
California Club, Ives Estates, FL	N/A	$1,750	$2,250	$2,990
Hallandale Beach, FL	$1,475	$2,350	$3,225	$3,000
Cutler Bay, FL	N/A	$1,650	$2,200	$3,000
Little Haiti, Miami, FL	$1,699	$1,898	$2,600	$3,050
Coral Way, Miami, FL	$2,300	$2,300	$3,000	$3,200
Upper East Side, Miami, FL	$1,550	$2,100	$3,200	$3,300
Media and Entertainment District, Miami, FL	$2,400	$2,970	$4,190	$3,370
City Center, Miami Beach, FL	$2,800	$3,500	$4,999	$3,498
Wynwood, Miami, FL	$2,498	$3,060	$4,290	$3,625
Downtown Miami, Miami, FL	$2,700	$3,000	$4,000	$3,700
West Avenue, Miami Beach, FL	$2,500	$3,500	$4,975	$4,000
Brickell, Miami, FL	$2,650	$3,450	$4,900	$4,300
Bay Harbor Islands, FL	N/A	$2,525	$5,000	$4,950
Altos Del Mar, Surfside, FL	N/A	$3,200	$4,000	$5,000
Edgewater, Miami, FL	$2,339	$3,500	$4,900	$5,000
Park West, Miami, FL	$2,848	$3,950	$6,200	$6,350
Southwest Coconut Grove, Miami, FL	N/A	$2,598	$4,500	$7,000
Northeast Coconut Grove, Miami, FL	N/A	$2,400	$7,375	$7,000
Village of Key Biscayne, Key Biscayne, FL	N/A	$4,000	$6,500	$7,500
South Pointe, Miami Beach, FL	$2,088	$3,700	$9,500	$8,000
Bal Harbour, FL	$2,700	$2,950	$9,900	$8,900

Top Counties Near Miami

There are a total of 31 counties located by Miami, FL. Some of these counties include Hialeah, FL, Kendale Lakes-Tamiami, FL, and Hallandale Beach, FL. The average rent for rentals in these counties is $3,275. That's roughly around $33 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Hialeah, FL. It's average rent per month is $2,900. Vice versa, with an average rent of $7,500, Key Biscayne, FL is the most expensive county by Miami, FL.

Typically, rent for studios in Miami, FL is 22.92% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Miami, FL is 24.98% more expensive than other counties nearby. Finally, rent for two bedrooms in Miami, FL is 29.17% more expensive than other counties nearby. We've listed the top 8 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Hialeah, FL	N/A	$1,950	$2,490	$2,900
Kendale Lakes-Tamiami, FL	$1,600	$1,800	$2,400	$3,000
Hallandale Beach, FL	$1,488	$2,375	$3,250	$3,050
North Westside, FL	$2,100	$2,200	$2,700	$3,250
Kendall-Palmetto Bay, FL	$2,141	$2,100	$2,700	$3,300
Miami, FL	$2,339	$2,860	$3,950	$3,600
Miami Beach, FL	$2,300	$2,850	$4,900	$4,500
Key Biscayne, FL	N/A	$4,000	$6,500	$7,500

Top Zipcodes Near Miami

There are a total of 45 zipcodes in or near Miami, FL. The average rent for all of these zipcodes is $3,200. A total of 36 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33136, Miami, FL at $2,325 per month. In comparison, the zipcode with the most expensive average rent of $7,500 per month is 33149, Key Biscayne, FL.

Studios in these zipcodes have an average rent of $1,638. That's at least $29 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Miami, FL is $2,000 per month. Or in other words, $34 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,875 per month. Which comes out to $33 per sqft. The following chart includes the top 10 zipcodes in 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	$2,650	$3,472	$5,000	$4,350
33160, North Miami Beach, FL	$2,300	$2,450	$4,800	$5,500
33139, Miami Beach, FL	$2,400	$3,200	$5,500	$4,000
33132, Miami, FL	$2,595	$3,079	$4,400	$3,775
33137, Miami, FL	$2,250	$3,300	$4,675	$4,700
33141, Miami Beach, FL	$1,875	$2,300	$3,500	$3,100
33130, Miami, FL	$2,350	$3,000	$4,000	$3,700
33180, Aventura, FL	$2,850	$2,450	$3,500	$3,900
33009, Hallandale Beach, FL	$1,488	$2,375	$3,250	$3,100
33178, Doral, FL	$2,100	$2,300	$2,900	$3,600

Frequently Asked Questions - Miami Average Rents

What is the average rent price in Miami, FL?

The average monthly rental price for Miami, FL apartments for rent is approximately $3,857. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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, FL.

How much is a studio apartment in Miami, FL?

The average monthly rental price for studio apartments is $2,400 and an average price per square feet of $55.05. There are a total of 164 studio apartment listings currently available for rent in Miami.

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

The average monthly rental price for one bedroom apartments is $3,049 and an average price per square feet of $48.08. There are a total of 1,082 one bedroom apartment listings currently available for rent in Miami.

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

The average monthly rental price for two bedroom apartments is $4,200 and an average price per square feet of $45.77. There are a total of 1,306 two bedroom apartment listings currently available for rent in Miami.

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

Rent prices for rentals in Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.08%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.25% year-over-year.

What is a reasonable rent price in Miami, FL?

A reasonable rent price in Miami, FL is around $3,085/month. You can search for these reasonably priced rental listings on RentHop.