Average Rent in South Miami, FL

Current Versus Historical South Miami, FL Rents

South Miami rentals average $0 for a studio rental to $6,925 for a 4-bedroom rental. The median price of all currently available listings is $3,750, 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 decreased by $2,722 (-61.21%) year-over-year from $4,447 to $1,725. 1-bedroom rentals prices have increased by $90 (4.62%) year-over-year from $1,936 to $2,025. 2-bedroom rentals prices have increased by $31 (1.03%) year-over-year from $2,969 to $3,000. 3-bedroom rentals prices have increased by $678 (14.82%) year-over-year from $4,573 to $5,250. 4-bedroom rentals prices have decreased by $7,242 (-52.22%) year-over-year from $13,867 to $6,625. 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 6.15% this month. 1-bedroom rents have gone up by 8.00% this month. 2-bedroom rents have gone up by 1.83% this month. 3-bedroom rents have gone up by 7.14% this month. 4-bedroom rents have gone up by 0.64% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.98	$2,025	$1,936 (4.62%)	$1,479 (36.89%)
2 BR	$3.16	$3,000	$2,969 (1.03%)	$2,451 (22.38%)
3 BR	$2.66	$5,250	$4,573 (14.82%)	$2,962 (77.27%)
4+ BR	$2.86	$6,625	$13,867 (-52.22%)	$7,082 (-6.45%)

Historical Rents in South Miami, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near South Miami

There are a total of 2 cities nearby South Miami. The average rent in South Miami is currently $5,550 per month. Only one city nearby has an average rent lower than that. Our records show that Glenvar Heights, FL, with an average rent of $2,650, is the most affordable city nearby. In contrast, the most expensive city near South Miami, FL is Pinecrest, FL. Monthly rents here are on average $8,450 per month.

Let's compare South Miami, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 7.06% more expensive. Two bedrooms in South Miami, FL are about 14.71% more expensive. Finally, rent for three bedrooms are about 19.81% more expensive. Want more information? Check out the top 2 cities near South Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Glenvar Heights, FL	N/A	$2,000	$2,625	$2,650
Pinecrest, FL	N/A	$1,950	$2,450	$8,450

Top Neighborhoods Near South Miami

There are a total of 2 neighborhoods in or near South Miami. We've included all of these top 2 neighborhoods in or near South Miami, FL in the following chart.

The average rent for these 2 neighborhoods in or near South Miami, FL is currently around $5,550 per month. A total of one neighborhood has a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than South Miami's average rent, which is only $3,750. Out of all the neighborhoods in or near South Miami, Glenvar Heights has the most affordable average rent at $2,650 per month. Whereas, at $8,450 average rent per month, Pinecrest is the most expensive neighborhood in or near South Miami. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Glenvar Heights, FL	N/A	$2,000	$2,625	$2,650
Pinecrest, FL	N/A	$1,950	$2,450	$8,450

Top Counties Near South Miami

There are a total of 2 counties located by South Miami, FL. The average rent for rentals in these counties is $3,775. That's roughly around $3 per sqft. The county that is the most affordable is Kendall-Palmetto Bay, FL. It's average rent per month is $3,775. Vice versa, with an average rent of $3,775, Kendall-Palmetto Bay, FL is the most expensive county by South Miami, FL.

Typically, rent for studios in South Miami, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in South Miami, FL is 8.24% more expensive than other counties nearby. Finally, rent for two bedrooms in South Miami, FL is 12.61% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Kendall-Palmetto Bay, FL	$1,850	$1,950	$2,600	$3,775

Top Zipcodes Near South Miami

There are a total of 5 zipcodes in or near South Miami, FL. The average rent for all of these zipcodes is $3,700. 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 33143, South Miami, FL at $2,800 per month. In comparison, the zipcode with the most expensive average rent of $6,000 per month is 33146, Coral Gables, FL.

Studios in these zipcodes have an average rent of $1,850. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near South Miami, FL is $2,350 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,000 per month. Which comes out to $3 per sqft. The following chart includes the top 5 zipcodes in South Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33143, South Miami, FL	N/A	$2,000	$2,500	$2,800
33146, Coral Gables, FL	$1,850	$2,594	$4,034	$6,000
33155, Coral Terrace, FL	$1,934	$2,350	$3,000	$3,700
33156, Pinecrest, FL	N/A	$2,388	$2,848	$4,900
33134, Coral Gables, FL	$1,940	$2,145	$3,500	$3,400

Frequently Asked Questions - South Miami Average Rents

What is the average rent price in South Miami, FL?

The average monthly rental price for South 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 South 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 South Miami, FL.

How much is a studio apartment in South Miami, FL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in South Miami.

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

The average monthly rental price for one bedroom apartments is $2,125 and an average price per square feet of $3.98. There are a total of 8 one bedroom apartment listings currently available for rent in South Miami.

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

The average monthly rental price for two bedroom apartments is $2,975 and an average price per square feet of $3.16. There are a total of 18 two bedroom apartment listings currently available for rent in South Miami.

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

Rent prices for rentals in South Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.61%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.15% year-over-year.

What is a reasonable rent price in South Miami, FL?

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