Average Rent in Miami, FL

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Current Versus Historical Miami, FL Rents

Miami rentals average $2,400 for a studio rental to $13,900 for a 4-bedroom rental. The median price of all currently available listings is $3,800, 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 $167 (8.00%) year-over-year from $2,083 to $2,250. 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 $183 (4.62%) year-over-year from $3,967 to $4,150. 3-bedroom rentals prices have increased by $849 (16.47%) year-over-year from $5,152 to $6,000. 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 4.65% this month. 1-bedroom rents have gone up by 1.75% this month. 2-bedroom rents have gone up by 5.51% this month. 3-bedroom rents have gone up by 4.53% 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	$4.75	$2,250	$2,083 (8.00%)	$1,720 (30.83%)
1 BR	$4.05	$3,000	$2,950 (1.69%)	$2,050 (46.34%)
2 BR	$3.85	$4,150	$3,967 (4.62%)	$2,850 (45.61%)
3 BR	$3.99	$6,000	$5,152 (16.47%)	$4,011 (49.58%)
4+ BR	$4.98	$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 31 cities nearby Miami. The average rent in Miami is currently $3,100 per month. A total of 22 cities nearby have an average rent lower than that. Our records show that North Miami, FL, with an average rent of $2,150, 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 47.92% more expensive than other cities nearby. One bedrooms are about 36.29% more expensive. Two bedrooms in Miami, FL are about 41.57% more expensive. Finally, rent for three bedrooms are about 39.24% more expensive. Want more information? Check out the top 10 cities out of 31 total cities near Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
North Miami, FL	$1,513	$1,800	$2,400	$2,150
Fountainebleau, FL	N/A	$2,200	$2,450	$2,550
Hialeah, FL	$1,400	$1,775	$2,350	$2,930
Glenvar Heights, FL	N/A	$1,975	$3,050	$3,100
North Bay Village, FL	$2,000	$2,300	$3,450	$3,200
South Miami, FL	N/A	$2,100	$3,000	$3,225
Miami Beach, FL	$2,300	$2,995	$5,200	$3,850
Coral Gables, FL	$2,050	$2,300	$3,925	$4,499
Surfside, FL	$2,800	$2,925	$5,000	$5,300
Key Biscayne, FL	$14,200	$3,550	$6,900	$8,500

Top Neighborhoods Near Miami

There are a total of 37 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 37 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 $3,500 per month. A total of 21 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $3,500. Out of all the neighborhoods in or near Miami, Flamingo - Lummus has the most affordable average rent at $2,200 per month. Whereas, at $15,000 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	$1,798	$2,200	$3,800	$2,200
East Little Havana, Miami, FL	$1,700	$2,000	$2,550	$2,400
Normandy Isles, Miami Beach, FL	$1,825	$2,100	$2,550	$2,500
Flagami, Miami, FL	$1,450	$2,048	$2,550	$2,550
West Little Havana, Miami, FL	$1,650	$1,875	$2,690	$2,600
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
Treasure Island, North Bay Village, FL	$2,025	$2,300	$3,000	$2,950
California Club, Ives Estates, FL	N/A	$1,770	$2,275	$2,950
Cutler Bay, FL	N/A	$1,650	$2,450	$3,025
Glenvar Heights, FL	N/A	$1,975	$3,050	$3,100
Upper East Side, Miami, FL	$1,600	$2,200	$2,600	$3,150
Hallandale Beach, FL	$1,850	$2,300	$3,400	$3,225
Coral Way, Miami, FL	$1,960	$2,300	$3,050	$3,300
City Center, Miami Beach, FL	$2,800	$3,200	$7,000	$3,300
West Avenue, Miami Beach, FL	$2,400	$3,200	$4,850	$3,500
Downtown Miami, Miami, FL	$2,725	$3,000	$4,288	$3,500
Media and Entertainment District, Miami, FL	$2,475	$3,100	$4,400	$3,600
Wynwood, Miami, FL	$2,550	$3,500	$5,000	$4,000
Brickell, Miami, FL	$2,975	$3,500	$5,000	$4,350
Bay Harbor Islands, FL	N/A	$2,600	$4,525	$4,750
Edgewater, Miami, FL	$1,900	$3,200	$5,800	$5,000
Altos Del Mar, Surfside, FL	$2,800	$2,950	$5,000	$5,450
Park West, Miami, FL	$3,625	$3,850	$5,725	$5,800
South Pointe, Miami Beach, FL	$2,000	$3,900	$8,500	$7,500
Bayshore, Miami Beach, FL	$2,398	$2,800	$6,300	$8,000
Northeast Coconut Grove, Miami, FL	$2,500	$2,800	$7,775	$8,425
Village of Key Biscayne, Key Biscayne, FL	$14,200	$3,550	$6,900	$8,500
Bal Harbour, FL	$2,998	$3,950	$10,000	$9,000
Venetian Islands, Miami Beach, FL	N/A	$3,800	$6,000	$15,000

Top Counties Near Miami

There are a total of 37 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 7 counties have a lower average rent. The county that is the most affordable is Miami Gardens, FL. It's average rent per month is $2,650. Vice versa, with an average rent of $8,500, Key Biscayne, FL is the most expensive county by Miami, FL.

Typically, rent for studios in Miami, FL is 23.60% 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 36.63% 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	$1,350	$1,500	$2,300	$2,650
Hialeah, FL	$1,400	$1,800	$2,400	$2,800
Kendale Lakes-Tamiami, FL	$1,500	$1,850	$2,500	$3,000
Hallandale Beach, FL	$1,550	$2,300	$3,425	$3,300
North Westside, FL	$2,128	$2,300	$2,650	$3,400
Miami, FL	$2,150	$2,750	$3,750	$3,500
South Westside, FL	N/A	$1,650	$2,500	$3,750
Kendall-Palmetto Bay, FL	$2,117	$2,000	$2,800	$3,938
Miami Beach, FL	$2,299	$2,850	$5,300	$4,500
Key Biscayne, FL	$14,200	$3,550	$6,900	$8,500

Top Zipcodes Near Miami

There are a total of 47 zipcodes in or near Miami, FL. The average rent for all of these zipcodes is $3,300. 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 $1,838 per month. In comparison, the zipcode with the most expensive average rent of $8,500 per month is 33149, Key Biscayne, FL.

Studios in these zipcodes have an average rent of $1,550. 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 $2,100 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,800 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	$2,499	$3,000	$6,900	$3,800
33160, North Miami Beach, FL	$2,200	$2,300	$4,500	$5,000
33141, Miami Beach, FL	$1,795	$2,450	$3,795	$3,200
33131, Miami, FL	$2,950	$3,487	$5,200	$4,300
33009, Hallandale Beach, FL	$1,850	$2,300	$3,450	$3,300
33132, Miami, FL	$2,675	$3,200	$4,500	$3,900
33140, Miami Beach, FL	$2,500	$3,000	$4,500	$4,500
33137, Miami, FL	$2,398	$3,200	$5,000	$4,650
33180, Aventura, FL	N/A	$2,500	$3,500	$3,900
33130, Miami, FL	$2,350	$3,100	$4,300	$3,700

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 $3,800. 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 $2,400 and an average price per square feet of $4.75. There are a total of 178 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 $4.05. There are a total of 1,026 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 $4,300 and an average price per square feet of $3.85. There are a total of 1,139 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 0.08%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.16% year-over-year.

What is a reasonable rent price in Miami, FL?

A reasonable rent price in Miami, FL is around $3,040/month. You can search for these reasonably priced rental listings on RentHop.