Average Rent in Miami, FL

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Current Versus Historical Miami, FL Rents

Miami rentals average $2,408 for a studio rental to $13,000 for a 4-bedroom rental. The median price of all currently available listings is $3,900, or roughly $4 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $217 (10.40%) year-over-year from $2,083 to $2,300. 1-bedroom rentals prices have increased by $50 (1.69%) year-over-year from $2,950 to $3,000. 2-bedroom rentals prices have increased by $233 (5.88%) year-over-year from $3,967 to $4,200. 3-bedroom rentals prices have increased by $999 (19.38%) year-over-year from $5,152 to $6,150. 4-bedroom rentals prices have increased by $825 (8.99%) year-over-year from $9,175 to $10,000. 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 6.15% this month. 1-bedroom rents have gone up by 1.75% this month. 2-bedroom rents have gone up by 6.33% this month. 3-bedroom rents have gone up by 6.22% this month. 4-bedroom rents have gone up by 27.12% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.73	$2,300	$2,083 (10.40%)	$1,720 (33.73%)
1 BR	$4.08	$3,000	$2,950 (1.69%)	$2,050 (46.34%)
2 BR	$3.86	$4,200	$3,967 (5.88%)	$2,850 (47.37%)
3 BR	$4.08	$6,150	$5,152 (19.38%)	$4,011 (53.32%)
4+ BR	$4.90	$10,000	$9,175 (8.99%)	$8,800 (13.64%)

Historical Rents in Miami, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Miami

There are a total of 30 cities nearby Miami. The average rent in Miami is currently $3,000 per month. A total of 22 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 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 49.23% more expensive than other cities nearby. One bedrooms are about 36.29% more expensive. Two bedrooms in Miami, FL are about 42.53% more expensive. Finally, rent for three bedrooms are about 41.91% more expensive. Want more information? Check out the top 10 cities out of 30 total cities near Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
North Miami, FL	$1,563	$1,750	$2,398	$2,200
Fountainebleau, FL	N/A	$2,175	$2,450	$2,600
Hialeah, FL	$1,400	$1,850	$2,400	$2,950
Glenvar Heights, FL	N/A	$1,975	$3,054	$3,050
North Bay Village, FL	$2,000	$2,300	$3,400	$3,080
Miami Beach, FL	$2,295	$2,950	$5,037	$3,800
Coral Gables, FL	$2,025	$2,324	$3,900	$4,498
Bay Harbor Islands, FL	N/A	$2,800	$4,750	$4,825
Surfside, FL	$2,800	$2,950	$5,000	$5,200
Key Biscayne, FL	$14,200	$3,600	$6,900	$8,400

Top Neighborhoods Near Miami

There are a total of 38 neighborhoods in or near Miami. Some of these neighborhoods include Flamingo - Lummus, East Little Havana, and Normandy Isles. We've included the top 30 neighborhoods out of 38 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 $3,463 per month. A total of 22 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,463. Out of all the neighborhoods in or near Miami, Flamingo - Lummus has the most affordable average rent at $2,200 per month. Whereas, at $10,900 average rent per month, Venetian Islands is the most expensive neighborhood in or near Miami. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,200	$4,400	$2,200
East Little Havana, Miami, FL	$1,700	$2,050	$2,600	$2,500
Normandy Isles, Miami Beach, FL	$1,825	$2,050	$2,550	$2,500
Flagami, Miami, FL	$1,500	$1,963	$2,550	$2,500
West Little Havana, Miami, FL	$1,650	$1,875	$2,695	$2,650
Treasure Island, North Bay Village, FL	$2,000	$2,300	$3,000	$2,825
Golden Shores Ocean Boulevard Estates, Sunny Isles Beach, FL	N/A	$2,600	$3,250	$2,900
Little Haiti, Miami, FL	$1,600	$1,850	$2,650	$2,950
California Club, Ives Estates, FL	N/A	$1,790	$2,225	$2,950
Cutler Bay, FL	N/A	$1,700	$2,400	$3,000
Glenvar Heights, FL	N/A	$1,975	$3,054	$3,050
Hallandale Beach, FL	$1,925	$2,300	$3,400	$3,200
City Center, Miami Beach, FL	$2,800	$3,200	$7,000	$3,300
Coral Way, Miami, FL	$1,800	$2,200	$3,050	$3,400
Upper East Side, Miami, FL	$1,650	$2,200	$2,625	$3,425
Downtown Miami, Miami, FL	$2,750	$3,100	$4,350	$3,500
Media and Entertainment District, Miami, FL	$2,475	$3,100	$4,500	$3,505
West Avenue, Miami Beach, FL	$2,350	$3,294	$4,800	$3,573
Wynwood, Miami, FL	$2,559	$3,500	$5,000	$4,000
Brickell, Miami, FL	$2,900	$3,500	$5,000	$4,400
Bay Harbor Islands, FL	N/A	$2,800	$4,750	$4,825
Edgewater, Miami, FL	$1,900	$3,200	$5,800	$5,100
Altos Del Mar, Surfside, FL	$2,800	$2,950	$5,400	$5,500
Park West, Miami, FL	$3,700	$3,825	$5,825	$5,900
South Pointe, Miami Beach, FL	$1,950	$3,900	$8,500	$7,500
Bayshore, Miami Beach, FL	$2,398	$2,750	$6,300	$7,750
Northeast Coconut Grove, Miami, FL	$2,500	$2,800	$8,650	$7,900
Village of Key Biscayne, Key Biscayne, FL	$14,200	$3,600	$6,900	$8,400
Bal Harbour, FL	$2,998	$3,900	$10,500	$9,000
Venetian Islands, Miami Beach, FL	N/A	$3,900	$7,100	$10,900

Top Counties Near Miami

There are a total of 38 counties located by Miami, FL. Some of these counties include Miami Gardens, FL, Hialeah, 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 Miami Gardens, FL. It's average rent per month is $2,675. Vice versa, with an average rent of $8,400, Key Biscayne, FL is the most expensive county by Miami, FL.

Typically, rent for studios in Miami, FL is 20.74% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Miami, FL is 30.65% more expensive than other counties nearby. Finally, rent for two bedrooms in Miami, FL is 39.48% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Miami Gardens, FL	$1,450	$1,675	$2,300	$2,675
Hialeah, FL	$1,400	$1,850	$2,400	$2,800
Kendale Lakes-Tamiami, FL	$1,225	$1,900	$2,500	$2,968
Hallandale Beach, FL	$1,700	$2,300	$3,400	$3,300
North Westside, FL	$2,155	$2,300	$2,665	$3,400
Miami, FL	$2,150	$2,750	$3,800	$3,500
South Westside, FL	N/A	$1,600	$2,400	$3,800
Kendall-Palmetto Bay, FL	$2,117	$2,000	$2,600	$3,800
Miami Beach, FL	$2,286	$2,825	$5,300	$4,400
Key Biscayne, FL	$14,200	$3,600	$6,900	$8,400

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 $3,313. A total of 33 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 $1,800 per month. In comparison, the zipcode with the most expensive average rent of $8,400 per month is 33149, Key Biscayne, FL.

Studios in these zipcodes have an average rent of $1,600. 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 $2,050 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,775 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	$2,500	$3,000	$7,000	$3,900
33160, North Miami Beach, FL	$2,200	$2,300	$4,500	$5,000
33141, Miami Beach, FL	$1,800	$2,400	$3,795	$3,100
33131, Miami, FL	$2,875	$3,450	$5,200	$4,300
33009, Hallandale Beach, FL	$1,925	$2,300	$3,450	$3,300
33132, Miami, FL	$2,650	$3,200	$4,500	$3,950
33140, Miami Beach, FL	$2,500	$3,000	$4,500	$4,500
33137, Miami, FL	$2,475	$3,286	$5,000	$4,800
33180, Aventura, FL	N/A	$2,500	$3,500	$3,800
33130, Miami, FL	$2,450	$3,100	$4,300	$3,800

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 $3,900. 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 $2,408 and an average price per square feet of $4.73. There are a total of 183 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 $4.08. There are a total of 987 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 $4,350 and an average price per square feet of $3.86. There are a total of 1,138 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 0.10%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by 0.19% year-over-year.

What is a reasonable rent price in Miami, FL?

A reasonable rent price in Miami, FL is around $3,120/month. You can search for these reasonably priced rental listings on RentHop.