Average Rent in Overtown, Miami, FL

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Current Versus Historical Overtown, Miami, FL Rents

Overtown rentals average $1,625 for a studio rental to $11,900 for a 4-bedroom rental. The median price of all currently available listings is $2,376, or roughly $3 per square feet.
For the apartment units and housing in March 2024, median rents have risen over the last year. Studio rentals prices have decreased by $67 (-4.12%) year-over-year from $1,617 to $1,550. 1-bedroom rentals prices have increased by $154 (9.81%) year-over-year from $1,571 to $1,725. 2-bedroom rentals prices have decreased by $258 (-10.17%) year-over-year from $2,533 to $2,275. 3-bedroom rentals prices have decreased by $3,171 (-51.81%) year-over-year from $6,121 to $2,950. 4-bedroom rentals prices have decreased by $4,475 (-47.23%) year-over-year from $9,475 to $5,000. 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 15.13% this month. 1-bedroom rents have gone down by 5.48% this month. 2-bedroom rents have gone down by 0.73% this month. 3-bedroom rents have gone up by 3.51% this month. 4-bedroom rents have gone down by 69.23% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.58 $1,550 $1,617 (-4.12%) $1,460 (6.16%)
1 BR $3.02 $1,725 $1,571 (9.81%) $1,125 (53.33%)
2 BR $2.87 $2,275 $2,533 (-10.17%) $1,931 (17.81%)
3 BR $3.48 $2,950 $6,121 (-51.81%) $6,175 (-52.23%)
4+ BR $4.88 $5,000 $9,475 (-47.23%) $16,400 (-69.51%)

Historical Rents in Overtown, Miami, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Overtown

There are a total of 31 cities nearby Overtown. The average rent in Overtown is currently $3,000 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Golden Glades, FL, with an average rent of $1,970, is the most affordable city nearby. In contrast, the most expensive city near Overtown, Miami, FL is Key Biscayne, FL. Monthly rents here are on average $8,000 per month.

Let's compare Overtown, Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Overtown, Miami, FL is 5.08% more expensive than other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Overtown, Miami, FL are about 1.53% more affordable. Finally, rent for three bedrooms are about 65.00% more expensive. Want more information? Check out the top 10 cities out of 31 total cities near Overtown, Miami, FL in the following chart.
City Studio 1 Bed 2 Bed All
Golden Glades, FL $1,640 $1,650 $2,100 $1,970
North Miami, FL $1,463 $1,800 $2,400 $2,300
Hialeah, FL $1,400 $1,850 $2,333 $2,858
North Bay Village, FL $1,950 $2,500 $3,250 $2,998
Miami, FL $2,350 $3,100 $4,200 $3,800
Miami Beach, FL $2,300 $2,950 $5,050 $3,900
Coral Gables, FL $1,800 $2,525 $3,725 $4,600
Bay Harbor Islands, FL N/A $2,725 $4,850 $4,625
Surfside, FL $2,633 $2,950 $4,300 $5,000
Key Biscayne, FL $14,200 $3,700 $6,550 $8,000

Top Neighborhoods Near Overtown

There are a total of 36 neighborhoods in or near Overtown. Some of these neighborhoods include Altos Del Mar South, Flamingo - Lummus, and East Little Havana. We've included the top 30 neighborhoods out of 36 total neighborhoods in or near Overtown, Miami, FL in the following chart.

The average rent for these 30 neighborhoods in or near Overtown, Miami, FL is currently around $3,300 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only twenty-six neighborhoods have a higher average rent than $3,300. Interestingly, the neighborhoods' average rent is higher than Overtown's average rent, which is only $2,376. Out of all the neighborhoods in or near Overtown, Altos Del Mar South has the most affordable average rent at $2,125 per month. Whereas, at $12,250 average rent per month, Venetian Islands is the most expensive neighborhood in or near Overtown. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Altos Del Mar South, Miami Beach, FL $1,550 $1,990 $3,300 $2,125
Flamingo - Lummus, Miami Beach, FL $1,825 $2,200 $3,500 $2,200
East Little Havana, Miami, FL $1,775 $1,990 $2,500 $2,300
Normandy Isles, Miami Beach, FL $1,550 $1,925 $2,775 $2,350
West Little Havana, Miami, FL $1,700 $1,950 $2,744 $2,548
Flagami, Miami, FL $1,550 $1,900 $2,600 $2,550
Little Haiti, Miami, FL $1,550 $1,750 $2,600 $2,700
Treasure Island, North Bay Village, FL $1,900 $2,200 $2,974 $2,850
Eastern Shores, North Miami Beach, FL N/A $2,075 $2,775 $2,933
Glenvar Heights, FL $1,984 $2,000 $2,931 $2,968
Doral Isles, Doral, FL N/A N/A $2,650 $3,275
Coral Way, Miami, FL $1,863 $2,200 $2,900 $3,275
City Center, Miami Beach, FL $2,800 $3,200 $8,500 $3,300
West Avenue, Miami Beach, FL $2,400 $3,200 $4,925 $3,300
Upper East Side, Miami, FL $1,500 $1,950 $2,900 $3,450
Downtown Miami, Miami, FL $2,750 $3,000 $4,300 $3,500
Media and Entertainment District, Miami, FL $2,500 $3,125 $4,600 $3,625
Wynwood, Miami, FL $2,593 $3,500 $4,900 $4,250
Brickell, Miami, FL $2,750 $3,500 $5,000 $4,350
Bay Harbor Islands, FL N/A $2,725 $4,850 $4,625
Northeast Coconut Grove, Miami, FL $2,200 $2,800 $5,000 $5,500
Altos Del Mar, Surfside, FL $2,633 $3,300 $5,250 $5,500
Edgewater, Miami, FL $2,025 $3,500 $6,000 $5,500
Park West, Miami, FL N/A $4,000 $5,950 $6,000
South Pointe, Miami Beach, FL $1,850 $3,550 $10,000 $7,000
Bal Harbour, FL $3,175 $4,000 $8,200 $7,000
Bayshore, Miami Beach, FL $1,900 $2,373 $5,750 $7,373
Pinecrest, FL N/A $1,950 $2,600 $7,900
Village of Key Biscayne, Key Biscayne, FL $14,200 $3,700 $6,550 $8,000
Venetian Islands, Miami Beach, FL N/A $4,250 $5,900 $12,250

Top Counties Near Overtown

There are a total of 36 counties located by Overtown, 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 $3,450. That's roughly around $3 per sqft. The county that is the most affordable is Hialeah, FL. It's average rent per month is $2,725. Vice versa, with an average rent of $8,000, Key Biscayne, FL is the most expensive county by Overtown, Miami, FL.

Typically, rent for studios in Overtown, Miami, FL is 0.15% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Overtown, Miami, FL is 7.05% more affordable than other counties nearby. Finally, rent for two bedrooms in Overtown, Miami, FL is 10.78% more affordable 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 $2,725
Miami Gardens, FL $1,450 $1,600 $2,300 $3,000
Kendale Lakes-Tamiami, FL $1,500 $1,850 $2,450 $3,000
Hallandale Beach, FL $1,595 $2,250 $3,373 $3,200
North Westside, FL $2,000 $2,200 $2,700 $3,400
Miami, FL $2,000 $2,728 $3,600 $3,500
Kendall-Palmetto Bay, FL $1,650 $1,975 $2,600 $3,700
South Westside, FL N/A $1,650 $2,950 $3,750
Miami Beach, FL $2,300 $2,900 $5,300 $4,500
Key Biscayne, FL $14,200 $3,700 $6,550 $8,000

Top Zipcodes Near Overtown

There are a total of 48 zipcodes in or near Overtown, Miami, FL. The average rent for all of these zipcodes is $3,225. A total of 5 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 $2,050 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 $1,500. 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 Overtown, Miami, FL is $2,000 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,696 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in Overtown, Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
33136, Miami, FL $1,625 $2,050 $2,695 $2,500
33130, Miami, FL $2,525 $3,000 $4,100 $3,750
33131, Miami, FL $2,800 $3,500 $5,375 $4,400
33127, Miami, FL $2,305 $3,205 $2,698 $3,750
33132, Miami, FL $2,575 $3,238 $4,500 $3,900
33125, Miami, FL $1,800 $1,950 $2,550 $2,500
33137, Miami, FL $2,325 $3,275 $5,500 $4,895
33135, Miami, FL $1,500 $1,850 $2,400 $2,300
33129, Miami, FL N/A $3,100 $4,350 $4,200
33145, Miami, FL N/A $2,200 $2,950 $3,300

Frequently Asked Questions - Overtown Average Rents

What is the average rent price in Overtown, Miami, FL?
The average monthly rental price for Overtown, Miami, FL apartments for rent is approximately $2,376. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Overtown, 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 Overtown, Miami, FL.
How much is a studio apartment in Overtown, Miami, FL?
The average monthly rental price for studio apartments is $1,625 and an average price per square feet of $2.58. There are a total of 6 studio apartment listings currently available for rent in Overtown.
How much is a one bedroom apartment in Overtown, Miami, FL?
The average monthly rental price for one bedroom apartments is $1,950 and an average price per square feet of $3.02. There are a total of 11 one bedroom apartment listings currently available for rent in Overtown.
How much is a two bedroom apartment in Overtown, Miami, FL?
The average monthly rental price for two bedroom apartments is $2,550 and an average price per square feet of $2.87. There are a total of 8 two bedroom apartment listings currently available for rent in Overtown.
How have rent prices in Overtown, Miami, FL changed this year?
Rent prices for rentals in Overtown, Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.04%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by -0.52% year-over-year.
What is a reasonable rent price in Overtown, Miami, FL?
A reasonable rent price in Overtown, Miami, FL is around $1,901/month. You can search for these reasonably priced rental listings on RentHop.
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