Average Rent in North Miami, FL

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Current Versus Historical North Miami, FL Rents

North Miami rentals average $1,525 for a studio rental to $13,000 for a 4-bedroom rental. The median price of all currently available listings is $2,398, or roughly $3 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 $235 (17.41%) year-over-year from $1,350 to $1,585. 1-bedroom rentals prices have increased by $43 (2.47%) year-over-year from $1,757 to $1,800. 2-bedroom rentals prices have decreased by $17 (-0.69%) year-over-year from $2,417 to $2,400. 3-bedroom rentals prices have increased by $683 (19.43%) year-over-year from $3,517 to $4,200. 4-bedroom rentals prices have increased by $4,642 (63.08%) year-over-year from $7,358 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 down by 3.99% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 12.50% this month. 4-bedroom rents have gone up by 62.56% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.90 $1,585 $1,350 (17.41%) $1,033 (53.39%)
1 BR $2.58 $1,800 $1,757 (2.47%) $1,258 (43.05%)
2 BR $2.34 $2,400 $2,417 (-0.69%) $1,783 (34.58%)
3 BR $2.53 $4,200 $3,517 (19.43%) $2,825 (48.67%)
4+ BR $4.24 $12,000 $7,358 (63.08%) $5,408 (121.88%)

Historical Rents in North Miami, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near North Miami

There are a total of 14 cities nearby North Miami. The average rent in North Miami is currently $2,951 per month. A total of 3 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 North Miami, FL is Bal Harbour, FL. Monthly rents here are on average $9,000 per month.

Let's compare North Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in North Miami, FL is 7.38% more expensive than other cities nearby. One bedrooms are about 7.91% more affordable. Two bedrooms in North Miami, FL are about 8.58% more affordable. Finally, rent for three bedrooms are about 9.52% more affordable. Want more information? Check out the top 10 cities out of 14 total cities near North Miami, FL in the following chart.
City Studio 1 Bed 2 Bed All
Golden Glades, FL N/A $1,600 $2,100 $2,100
North Miami, FL $1,425 $1,738 $2,425 $2,325
Ojus, FL N/A $1,800 $2,400 $2,445
North Bay Village, FL $2,000 $2,250 $3,275 $2,850
Ives Estates, FL N/A $1,800 $2,225 $2,900
North Miami Beach, FL $1,443 $1,900 $2,950 $3,200
Bay Harbor Islands, FL N/A $2,625 $4,375 $3,800
Surfside, FL $2,750 $2,900 $5,200 $5,500
Sunny Isles Beach, FL $2,290 $2,600 $5,500 $5,800
Bal Harbour, FL $3,200 $4,500 $8,000 $9,000

Top Neighborhoods Near North Miami

There are a total of 11 neighborhoods in or near North Miami. Some of these neighborhoods include Altos Del Mar South, Normandy Isles, and Treasure Island. We've included all of these top 11 neighborhoods in or near North Miami, FL in the following chart.

The average rent for these 11 neighborhoods in or near North Miami, FL is currently around $3,025 per month. A total of one neighborhood has a lower average rent. Meaning, only ten neighborhoods have a higher average rent than $3,025. Interestingly, the neighborhoods' average rent is higher than North Miami's average rent, which is only $2,398. Out of all the neighborhoods in or near North Miami, Altos Del Mar South has the most affordable average rent at $2,150 per month. Whereas, at $9,000 average rent per month, Bal Harbour is the most expensive neighborhood in or near North Miami. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Altos Del Mar South, Miami Beach, FL $1,750 $2,000 $3,600 $2,150
Normandy Isles, Miami Beach, FL $2,500 $2,000 $2,575 $2,550
Treasure Island, North Bay Village, FL $1,890 $2,200 $2,850 $2,700
California Club, Ives Estates, FL N/A $1,800 $2,225 $2,900
Little Haiti, Miami, FL $1,550 $1,875 $2,588 $2,950
Golden Shores Ocean Boulevard Estates, Sunny Isles Beach, FL N/A $2,650 $3,275 $3,025
Eastern Shores, North Miami Beach, FL N/A $2,100 $2,840 $3,100
Upper East Side, Miami, FL $1,550 $2,300 $2,750 $3,250
Bay Harbor Islands, FL N/A $2,625 $4,375 $3,800
Altos Del Mar, Surfside, FL $2,750 $2,950 $5,500 $5,700
Bal Harbour, FL $3,200 $4,500 $8,000 $9,000

Top Counties Near North Miami

There are a total of 11 counties located by North Miami, FL. Some of these counties include Miami Gardens, FL, Miami, FL, and Miami Beach, FL. The average rent for rentals in these counties is $3,500. That's roughly around $4 per sqft. The county that is the most affordable is Miami Gardens, FL. It's average rent per month is $3,000. Vice versa, with an average rent of $4,500, Miami Beach, FL is the most expensive county by North Miami, FL.

Typically, rent for studios in North Miami, FL is 40.98% more affordable than other counties nearby. In comparison, rent for one bedroom listings in North Miami, FL is 60.55% more affordable than other counties nearby. Finally, rent for two bedrooms in North Miami, FL is 51.52% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Miami Gardens, FL N/A $1,500 $2,200 $3,000
Miami, FL $2,150 $2,790 $3,750 $3,500
Miami Beach, FL $2,300 $2,895 $5,400 $4,500

Top Zipcodes Near North Miami

There are a total of 12 zipcodes in or near North Miami, FL. The average rent for all of these zipcodes is $2,750. A total of 3 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 $2,100 per month. In comparison, the zipcode with the most expensive average rent of $5,900 per month is 33154, Bay Harbor Islands, FL.

Studios in these zipcodes have an average rent of $1,413. 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 North Miami, FL is $1,875 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,600 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in North Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
33161, North Miami, FL $1,525 $1,725 $2,275 $2,250
33162, Miami, FL $1,300 $1,650 $2,100 $2,100
33181, North Miami, FL $1,585 $1,900 $2,800 $2,950
33154, Bay Harbor Islands, FL $3,000 $3,000 $6,000 $5,900
33160, North Miami Beach, FL $2,280 $2,400 $4,500 $5,000
33169, Miami Gardens, FL N/A $1,650 $2,200 $2,100
33179, Ives Estates, FL N/A $1,800 $2,280 $2,550
33138, Miami, FL $1,550 $2,200 $2,900 $3,700
33180, Aventura, FL N/A $2,500 $3,500 $3,900
33150, West Little River, FL $1,300 $1,750 $2,300 $2,498

Frequently Asked Questions - North Miami Average Rents

What is the average rent price in North Miami, FL?
The average monthly rental price for North Miami, FL apartments for rent is approximately $2,398. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do North 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 North Miami, FL.
How much is a studio apartment in North Miami, FL?
The average monthly rental price for studio apartments is $1,525 and an average price per square feet of $4.90. There are a total of 9 studio apartment listings currently available for rent in North Miami.
How much is a one bedroom apartment in North Miami, FL?
The average monthly rental price for one bedroom apartments is $1,738 and an average price per square feet of $2.58. There are a total of 56 one bedroom apartment listings currently available for rent in North Miami.
How much is a two bedroom apartment in North Miami, FL?
The average monthly rental price for two bedroom apartments is $2,475 and an average price per square feet of $2.34. There are a total of 58 two bedroom apartment listings currently available for rent in North Miami.
How have rent prices in North Miami, FL changed this year?
Rent prices for rentals in North Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.17%, 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 0.19% year-over-year.
What is a reasonable rent price in North Miami, FL?
A reasonable rent price in North Miami, FL is around $1,918/month. You can search for these reasonably priced rental listings on RentHop.
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