Average Rent in Wynwood, Miami, FL

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Current Versus Historical Wynwood, Miami, FL Rents

Wynwood rentals average $2,593 for a studio rental to $11,250 for a 4-bedroom rental. The median price of all currently available listings is $4,175, or roughly $5 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $1,527 (151.53%) year-over-year from $1,008 to $2,535. 1-bedroom rentals prices have increased by $75 (2.19%) year-over-year from $3,425 to $3,500. 2-bedroom rentals prices have increased by $167 (3.85%) year-over-year from $4,333 to $4,500. 3-bedroom rentals prices have decreased by $1,032 (-13.70%) year-over-year from $7,532 to $6,500. 4-bedroom rentals prices have decreased by $8,958 (-33.23%) year-over-year from $26,958 to $18,000. 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 1.83% this month. 1-bedroom rents have gone up by 3.65% this month. 2-bedroom rents have gone up by 2.27% this month. 3-bedroom rents have gone up by 24.05% this month. 4-bedroom rents have gone up by 13.68% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.58 $2,535 $1,008 (151.53%) $1,827 (38.75%)
1 BR $5.11 $3,500 $3,425 (2.19%) $2,335 (49.93%)
2 BR $4.66 $4,500 $4,333 (3.85%) $3,006 (49.71%)
3 BR $3.87 $6,500 $7,532 (-13.70%) $6,112 (6.36%)
4+ BR $4.54 $18,000 $26,958 (-33.23%) $11,350 (58.59%)

Historical Rents in Wynwood, Miami, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Wynwood

There are a total of 31 cities nearby Wynwood. The average rent in Wynwood is currently $3,000 per month. A total of 23 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 Wynwood, Miami, FL is Key Biscayne, FL. Monthly rents here are on average $8,000 per month.

Let's compare Wynwood, Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Wynwood, Miami, FL is 43.59% more expensive than other cities nearby. One bedrooms are about 44.29% more expensive. Two bedrooms in Wynwood, Miami, FL are about 47.16% more expensive. Finally, rent for three bedrooms are about 21.32% more expensive. Want more information? Check out the top 10 cities out of 31 total cities near Wynwood, 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 $2,350 $2,865
North Bay Village, FL $1,950 $2,375 $3,313 $2,974
Miami, FL $2,350 $3,100 $4,200 $3,800
Miami Beach, FL $2,300 $2,950 $5,108 $3,900
Bay Harbor Islands, FL N/A $2,725 $4,750 $4,450
Surfside, FL $2,633 $2,950 $4,625 $5,100
Bal Harbour, FL $3,175 $3,950 $8,000 $7,000
Key Biscayne, FL $14,200 $3,700 $6,600 $8,000

Top Neighborhoods Near Wynwood

There are a total of 34 neighborhoods in or near Wynwood. Some of these neighborhoods include Altos Del Mar South, Flamingo - Lummus, and Normandy Isles. We've included the top 30 neighborhoods out of 34 total neighborhoods in or near Wynwood, Miami, FL in the following chart.

The average rent for these 30 neighborhoods in or near Wynwood, Miami, FL is currently around $3,350 per month. A total of 21 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $3,350. Out of all the neighborhoods in or near Wynwood, Altos Del Mar South has the most affordable average rent at $2,100 per month. Whereas, at $12,250 average rent per month, Venetian Islands is the most expensive neighborhood in or near Wynwood. 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 $3,250 $2,100
Flamingo - Lummus, Miami Beach, FL $1,825 $2,200 $3,700 $2,200
Normandy Isles, Miami Beach, FL $1,550 $1,950 $2,775 $2,350
East Little Havana, Miami, FL $1,775 $1,990 $2,500 $2,400
Flagami, Miami, FL $1,550 $1,900 $2,575 $2,550
West Little Havana, Miami, FL $1,700 $1,950 $2,744 $2,600
Little Haiti, Miami, FL $1,600 $1,750 $2,600 $2,700
Treasure Island, North Bay Village, FL $1,900 $2,150 $2,950 $2,800
California Club, Ives Estates, FL N/A $1,900 $2,200 $2,900
Eastern Shores, North Miami Beach, FL N/A $2,075 $2,800 $2,940
Glenvar Heights, FL N/A $2,000 $2,931 $2,968
Golden Shores Ocean Boulevard Estates, Sunny Isles Beach, FL N/A $2,650 $4,500 $3,150
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 $4,950 $3,400
Downtown Miami, Miami, FL $2,750 $3,000 $4,300 $3,500
Upper East Side, Miami, FL $1,525 $2,000 $2,900 $3,500
Media and Entertainment District, Miami, FL $2,500 $3,175 $4,500 $3,600
Brickell, Miami, FL $2,750 $3,500 $5,000 $4,300
Bay Harbor Islands, FL N/A $2,725 $4,750 $4,450
Edgewater, Miami, FL $2,025 $3,500 $6,000 $5,350
Altos Del Mar, Surfside, FL $2,633 $3,300 $5,000 $5,500
Northeast Coconut Grove, Miami, FL $2,200 $2,800 $5,000 $5,563
Park West, Miami, FL N/A $4,000 $5,850 $5,950
Bal Harbour, FL $3,175 $3,950 $8,000 $7,000
South Pointe, Miami Beach, FL $1,875 $3,500 $9,000 $7,000
Bayshore, Miami Beach, FL $1,900 $2,373 $6,475 $7,000
Pinecrest, FL N/A $1,950 $2,600 $7,950
Village of Key Biscayne, Key Biscayne, FL $14,200 $3,700 $6,600 $8,000
Venetian Islands, Miami Beach, FL N/A $4,250 $5,900 $12,250

Top Counties Near Wynwood

There are a total of 34 counties located by Wynwood, 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. 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 $2,750. Vice versa, with an average rent of $8,000, Key Biscayne, FL is the most expensive county by Wynwood, Miami, FL.

Typically, rent for studios in Wynwood, Miami, FL is 34.52% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Wynwood, Miami, FL is 40.54% more expensive than other counties nearby. Finally, rent for two bedrooms in Wynwood, Miami, FL is 42.35% 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 $1,400 $1,850 $2,400 $2,750
Miami Gardens, FL $1,450 $1,600 $2,300 $3,000
Kendale Lakes-Tamiami, FL $1,500 $1,875 $2,450 $3,000
Hallandale Beach, FL $1,595 $2,200 $3,300 $3,200
North Westside, FL $2,000 $2,200 $2,700 $3,400
Miami, FL $2,000 $2,750 $3,600 $3,500
Kendall-Palmetto Bay, FL $1,800 $1,963 $2,588 $3,650
South Westside, FL N/A $1,650 $2,950 $3,750
Miami Beach, FL $2,295 $2,875 $5,300 $4,500
Key Biscayne, FL $14,200 $3,700 $6,600 $8,000

Top Zipcodes Near Wynwood

There are a total of 48 zipcodes in or near Wynwood, Miami, FL. The average rent for all of these zipcodes is $3,225. A total of 38 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 $2,000 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 Wynwood, Miami, FL is $2,000 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,724 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in Wynwood, Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
33127, Miami, FL $2,305 $3,352 $2,750 $3,775
33137, Miami, FL $2,325 $3,250 $5,450 $4,800
33136, Miami, FL $1,600 $2,050 $2,748 $2,550
33132, Miami, FL $2,550 $3,238 $4,500 $3,900
33130, Miami, FL $2,525 $3,050 $4,100 $3,750
33131, Miami, FL $2,800 $3,500 $5,400 $4,350
33125, Miami, FL $1,800 $1,950 $2,550 $2,500
33150, West Little River, FL $1,500 $1,650 $2,338 $2,300
33139, Miami Beach, FL $2,500 $3,000 $7,100 $3,816
33135, Miami, FL $1,500 $1,800 $2,450 $2,325

Frequently Asked Questions - Wynwood Average Rents

What is the average rent price in Wynwood, Miami, FL?
The average monthly rental price for Wynwood, Miami, FL apartments for rent is approximately $4,175. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Wynwood, 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 Wynwood, Miami, FL.
How much is a studio apartment in Wynwood, Miami, FL?
The average monthly rental price for studio apartments is $2,593 and an average price per square feet of $4.58. There are a total of 8 studio apartment listings currently available for rent in Wynwood.
How much is a one bedroom apartment in Wynwood, Miami, FL?
The average monthly rental price for one bedroom apartments is $3,500 and an average price per square feet of $5.11. There are a total of 51 one bedroom apartment listings currently available for rent in Wynwood.
How much is a two bedroom apartment in Wynwood, Miami, FL?
The average monthly rental price for two bedroom apartments is $4,900 and an average price per square feet of $4.66. There are a total of 47 two bedroom apartment listings currently available for rent in Wynwood.
How have rent prices in Wynwood, Miami, FL changed this year?
Rent prices for rentals in Wynwood, Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by 1.52%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by -0.14% year-over-year.
What is a reasonable rent price in Wynwood, Miami, FL?
A reasonable rent price in Wynwood, Miami, FL is around $3,340/month. You can search for these reasonably priced rental listings on RentHop.
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