Average Rent in Miami, FL

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Current Versus Historical Miami, FL Rents

Miami rentals average $2,500 for a studio rental to $11,250 for a 4-bedroom rental. The median price of all currently available listings is $3,750, or roughly $4 per square feet.

For the apartment units and housing in July 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $395 (18.78%) year-over-year from $2,105 to $2,500. 1-bedroom rentals prices have increased by $28 (0.96%) year-over-year from $2,967 to $2,995. 2-bedroom rentals prices have increased by $3 (0.08%) year-over-year from $3,997 to $4,000. 3-bedroom rentals prices have increased by $650 (12.15%) year-over-year from $5,350 to $6,000. 4-bedroom rentals prices have increased by $1,475 (18.50%) year-over-year from $7,975 to $9,450. 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 5.63% this month. 1-bedroom rents have gone up by 2.16% this month. 2-bedroom rents have gone up by 0.84% this month. 3-bedroom rents have gone up by 3.90% this month. 4-bedroom rents have gone up by 14.55% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.86	$2,500	$2,105 (18.78%)	$1,800 (38.89%)
1 BR	$4.00	$2,995	$2,967 (0.96%)	$2,235 (34.00%)
2 BR	$3.82	$4,000	$3,997 (0.08%)	$3,150 (26.98%)
3 BR	$4.22	$6,000	$5,350 (12.15%)	$4,683 (28.11%)
4+ BR	$4.35	$9,450	$7,975 (18.50%)	$8,800 (7.39%)

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 $2,700 per month. A total of 22 cities nearby have an average rent lower than that. Our records show that North Miami, FL, with an average rent of $2,200, 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 $9,000 per month.

Let's compare Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Miami, FL is 45.00% more expensive than other cities nearby. One bedrooms are about 37.10% more expensive. Two bedrooms in Miami, FL are about 38.99% more expensive. Finally, rent for three bedrooms are about 42.26% 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	$1,563	$1,800	$2,550	$2,200
Fountainebleau, FL	N/A	$1,950	$2,500	$2,500
Glenvar Heights, FL	$1,700	$2,000	$2,748	$2,550
Hialeah, FL	N/A	$1,850	$2,350	$2,650
North Bay Village, FL	$2,000	$2,295	$3,400	$3,200
Miami Beach, FL	$2,200	$2,900	$4,900	$3,500
Bay Harbor Islands, FL	N/A	$2,500	$4,245	$4,250
Coral Gables, FL	$1,900	$2,350	$3,775	$4,310
Surfside, FL	$2,800	$3,000	$4,885	$4,800
Key Biscayne, FL	$14,200	$3,500	$7,000	$8,500

Top Neighborhoods Near Miami

There are a total of 35 neighborhoods in or near Miami. Some of these neighborhoods include Altos Del Mar South, Flamingo - Lummus, and Normandy Isles. We've included the top 30 neighborhoods out of 35 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 $3,200 per month. A total of 23 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $3,200. Out of all the neighborhoods in or near Miami, Altos Del Mar South has the most affordable average rent at $2,050 per month. Whereas, at $9,000 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
Altos Del Mar South, Miami Beach, FL	$1,700	$1,880	$3,300	$2,050
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,175	$3,225	$2,200
Normandy Isles, Miami Beach, FL	$1,650	$1,963	$2,700	$2,300
East Little Havana, Miami, FL	$1,600	$1,925	$2,450	$2,300
West Little Havana, Miami, FL	$1,525	$1,850	$2,625	$2,375
Flagami, Miami, FL	$1,375	$1,998	$2,500	$2,400
California Club, Ives Estates, FL	N/A	$1,900	$2,225	$2,500
Glenvar Heights, FL	$1,700	$2,000	$2,748	$2,550
Little Haiti, Miami, FL	$1,600	$1,900	$2,525	$2,650
Cutler Bay, FL	N/A	$1,675	$2,350	$2,700
Upper East Side, Miami, FL	$1,698	$2,000	$2,900	$2,900
Golden Shores Ocean Boulevard Estates, Sunny Isles Beach, FL	N/A	$2,500	$3,350	$2,900
Treasure Island, North Bay Village, FL	$2,000	$2,299	$3,200	$3,040
City Center, Miami Beach, FL	$2,600	$3,200	$7,000	$3,200
Hallandale Beach, FL	$1,925	$2,300	$3,200	$3,200
Coral Way, Miami, FL	$1,800	$2,300	$2,950	$3,275
West Avenue, Miami Beach, FL	$2,395	$3,000	$4,500	$3,425
Media and Entertainment District, Miami, FL	$2,500	$3,128	$4,250	$3,500
Downtown Miami, Miami, FL	$2,800	$3,000	$4,100	$3,600
Bay Harbor Islands, FL	N/A	$2,500	$4,245	$4,250
Brickell, Miami, FL	$2,800	$3,450	$5,000	$4,325
Wynwood, Miami, FL	$2,500	$3,900	$4,800	$4,350
Altos Del Mar, Surfside, FL	$2,800	$3,000	$4,950	$4,500
Edgewater, Miami, FL	$2,025	$3,200	$5,500	$5,200
Bayshore, Miami Beach, FL	$2,400	$2,900	$5,950	$5,500
Park West, Miami, FL	$3,825	$4,500	$6,250	$6,000
South Pointe, Miami Beach, FL	$1,900	$3,725	$8,250	$6,950
Northeast Coconut Grove, Miami, FL	N/A	$2,700	$5,550	$7,975
Village of Key Biscayne, Key Biscayne, FL	$14,200	$3,500	$7,000	$8,500
Bal Harbour, FL	$3,000	$4,100	$8,000	$9,000

Top Counties Near Miami

There are a total of 35 counties located by 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 $3,200. That's roughly around $3 per sqft. A total of 8 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 $8,500, Key Biscayne, FL is the most expensive county by Miami, FL.

Typically, rent for studios in Miami, FL is 28.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Miami, FL is 32.26% more expensive than other counties nearby. Finally, rent for two bedrooms in Miami, FL is 37.65% 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	N/A	$1,900	$2,400	$2,600
Miami Gardens, FL	$1,325	$1,700	$2,250	$2,675
Kendale Lakes-Tamiami, FL	$1,600	$1,850	$2,450	$2,850
Kendall-Palmetto Bay, FL	$2,150	$2,000	$2,600	$3,000
North Westside, FL	$2,000	$2,200	$2,638	$3,100
Hallandale Beach, FL	$1,500	$2,275	$3,200	$3,300
Miami, FL	$2,300	$2,750	$3,700	$3,500
South Westside, FL	N/A	$1,700	$2,600	$3,725
Miami Beach, FL	$2,200	$2,800	$5,000	$4,000
Key Biscayne, FL	$14,200	$3,500	$7,000	$8,500

Top Zipcodes Near Miami

There are a total of 46 zipcodes in or near Miami, FL. The average rent for all of these zipcodes is $3,133. A total of 35 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 $2,050 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 $1,569. That's at least $3 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, $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, 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	$2,400	$2,950	$6,000	$3,500
33160, North Miami Beach, FL	$2,100	$2,350	$4,300	$4,700
33141, Miami Beach, FL	$1,798	$2,350	$3,700	$3,100
33131, Miami, FL	$2,850	$3,450	$5,200	$4,200
33009, Hallandale Beach, FL	$1,925	$2,300	$3,200	$3,300
33132, Miami, FL	$2,675	$3,200	$4,300	$3,850
33140, Miami Beach, FL	$2,400	$3,000	$4,500	$4,000
33137, Miami, FL	$2,045	$3,200	$5,400	$4,800
33180, Aventura, FL	N/A	$2,500	$3,450	$3,700
33130, Miami, FL	$2,400	$3,100	$4,100	$3,500

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 $3,750. 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 $2,500 and an average price per square feet of $4.86. There are a total of 179 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 $3,100 and an average price per square feet of $4.00. There are a total of 1,031 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 $3.82. There are a total of 1,102 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 0.19%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.12% year-over-year.

What is a reasonable rent price in Miami, FL?

A reasonable rent price in Miami, FL is around $3,000/month. You can search for these reasonably priced rental listings on RentHop.