Average Rent in Downtown Miami, Miami, FL

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Current Versus Historical Downtown Miami, Miami, FL Rents

Downtown Miami rentals average $2,600 for a studio rental to $22,500 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 November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $150 (6.38%) year-over-year from $2,350 to $2,500. 1-bedroom rentals prices have increased by $17 (0.52%) year-over-year from $3,183 to $3,200. 2-bedroom rentals prices have decreased by $83 (-1.90%) year-over-year from $4,383 to $4,300. 3-bedroom rentals prices have increased by $367 (4.45%) year-over-year from $8,233 to $8,600. 4-bedroom rentals prices have increased by $12,350 (97.63%) year-over-year from $12,650 to $25,000. 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 1.32% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 1.53% this month. 3-bedroom rents have gone up by 1.18% this month. 4-bedroom rents have gone down by 3.10% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.99	$2,500	$2,350 (6.38%)	$2,223 (12.48%)
1 BR	$4.25	$3,200	$3,183 (0.52%)	$2,917 (9.71%)
2 BR	$3.81	$4,300	$4,383 (-1.90%)	$4,067 (5.74%)
3 BR	$4.76	$8,600	$8,233 (4.45%)	$7,483 (14.92%)
4+ BR	$6.66	$25,000	$12,650 (97.63%)	$20,958 (19.28%)

Historical Rents in Downtown Miami, Miami, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Miami

There are a total of 30 cities nearby Downtown Miami. The average rent in Downtown Miami is currently $2,813 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 $2,100, is the most affordable city nearby. In contrast, the most expensive city near Downtown Miami, Miami, FL is Bal Harbour, FL. Monthly rents here are on average $12,000 per month.

Let's compare Downtown Miami, Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Miami, Miami, FL is 42.33% more expensive than other cities nearby. One bedrooms are about 41.45% more expensive. Two bedrooms in Downtown Miami, Miami, FL are about 44.32% more expensive. Finally, rent for three bedrooms are about 58.34% more expensive. Want more information? Check out the top 10 cities out of 30 total cities near Downtown Miami, Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
North Miami, FL	$1,600	$1,750	$2,450	$2,100
Glenvar Heights, FL	$1,850	$1,850	$2,500	$2,338
North Bay Village, FL	$1,850	$2,175	$3,200	$3,100
Miami, FL	$2,300	$3,000	$3,901	$3,500
Miami Beach, FL	$2,350	$2,750	$4,700	$3,500
Bay Harbor Islands, FL	$1,750	$2,150	$4,800	$4,100
Coral Gables, FL	$1,850	$2,550	$3,500	$4,200
Surfside, FL	$2,648	$3,225	$4,825	$4,850
Key Biscayne, FL	N/A	$3,100	$7,000	$8,000
Bal Harbour, FL	$3,000	$3,940	$8,500	$12,000

Top Neighborhoods Near Downtown Miami

There are a total of 38 neighborhoods in or near Downtown Miami. Some of these neighborhoods include Altos Del Mar South, Overtown, and Flamingo - Lummus. We've included the top 30 neighborhoods out of 38 total neighborhoods in or near Downtown Miami, Miami, FL in the following chart.

The average rent for these 30 neighborhoods in or near Downtown Miami, Miami, FL is currently around $3,150 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $3,150. Out of all the neighborhoods in or near Downtown Miami, Altos Del Mar South has the most affordable average rent at $2,050 per month. Whereas, at $12,000 average rent per month, Bal Harbour is the most expensive neighborhood in or near Downtown Miami. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Altos Del Mar South, Miami Beach, FL	$1,700	$1,900	$3,000	$2,050
Overtown, Miami, FL	$1,999	$1,700	$2,300	$2,075
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,198	$3,100	$2,200
East Little Havana, Miami, FL	$1,600	$1,850	$2,375	$2,300
Glenvar Heights, FL	$1,850	$1,850	$2,500	$2,338
Allapattah, Miami, FL	N/A	$1,800	$2,350	$2,350
Flagami, Miami, FL	$1,300	$1,825	$2,495	$2,350
Upper East Side, Miami, FL	$1,750	$1,975	$2,650	$2,388
Liberty City, Miami, FL	$1,275	$1,700	$2,300	$2,475
Normandy Isles, Miami Beach, FL	$1,650	$2,025	$2,600	$2,500
West Little Havana, Miami, FL	$1,550	$1,800	$2,500	$2,500
Little Haiti, Miami, FL	$1,449	$2,000	$2,500	$2,700
Treasure Island, North Bay Village, FL	N/A	$2,100	$3,000	$3,000
Coral Way, Miami, FL	$1,700	$2,200	$2,850	$3,100
South Miami, FL	$1,800	$1,975	$3,000	$3,200
City Center, Miami Beach, FL	$2,600	$3,200	$9,000	$3,200
Media and Entertainment District, Miami, FL	$2,300	$3,000	$4,000	$3,370
West Avenue, Miami Beach, FL	$2,456	$3,102	$4,900	$3,451
Downtown Miami, Miami, FL	$2,600	$3,000	$4,000	$3,500
Wynwood, Miami, FL	$2,750	$3,500	$4,999	$4,000
Bay Harbor Islands, FL	$1,750	$2,150	$4,800	$4,100
Brickell, Miami, FL	$2,650	$3,400	$4,700	$4,175
Park West, Miami, FL	$3,275	$4,000	$5,900	$4,900
Edgewater, Miami, FL	$1,843	$3,225	$5,000	$5,000
Altos Del Mar, Surfside, FL	$2,648	$3,225	$5,275	$5,000
Bayshore, Miami Beach, FL	N/A	$3,450	$5,500	$5,150
South Pointe, Miami Beach, FL	$1,850	$3,200	$9,900	$5,925
Northeast Coconut Grove, Miami, FL	$2,200	$3,550	$8,200	$7,900
Village of Key Biscayne, Key Biscayne, FL	N/A	$3,100	$7,000	$8,000
Bal Harbour, FL	$3,000	$3,940	$8,500	$12,000

Top Counties Near Downtown Miami

There are a total of 38 counties located by Downtown Miami, 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 $3,075. 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 $2,500. Vice versa, with an average rent of $8,000, Key Biscayne, FL is the most expensive county by Downtown Miami, Miami, FL.

Typically, rent for studios in Downtown Miami, Miami, FL is 37.52% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Miami, Miami, FL is 39.18% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Miami, Miami, FL is 43.76% 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	$1,599	$1,850	$2,300	$2,500
Miami Gardens, FL	$1,200	$1,595	$2,200	$2,825
Kendale Lakes-Tamiami, FL	$1,650	$1,800	$2,400	$2,850
North Westside, FL	$2,100	$2,000	$2,550	$3,000
Hallandale Beach, FL	$1,675	$2,300	$3,200	$3,000
Kendall-Palmetto Bay, FL	N/A	$1,948	$2,400	$3,150
Miami, FL	$2,094	$2,541	$3,398	$3,250
South Westside, FL	$1,400	$1,850	$2,500	$3,500
Miami Beach, FL	$2,200	$2,700	$4,800	$3,999
Key Biscayne, FL	N/A	$3,100	$7,000	$8,000

Top Zipcodes Near Downtown Miami

There are a total of 9 zipcodes in or near Downtown Miami, Miami, FL. The average rent for all of these zipcodes is $3,000. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33015, Country Club, FL at $2,325 per month. In comparison, the zipcode with the most expensive average rent of $4,600 per month is 33137, Miami, FL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Miami, Miami, FL is $2,250 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 $2 per sqft. The following chart includes the top 9 zipcodes in Downtown Miami, Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33130, Miami, FL	$2,300	$3,000	$3,777	$3,500
33137, Miami, FL	$2,150	$3,200	$4,999	$4,600
33179, Ives Estates, FL	N/A	$1,800	$2,300	$2,383
33180, Aventura, FL	N/A	$2,400	$3,420	$3,550
33178, Doral, FL	$2,050	$2,250	$2,800	$3,300
33157, Palmetto Bay, FL	N/A	$1,675	$2,200	$3,000
33015, Country Club, FL	N/A	$1,850	$2,300	$2,325
33009, Hallandale Beach, FL	$1,675	$2,300	$3,325	$3,000
33025, Miramar, FL	N/A	$1,925	$2,250	$2,350

Frequently Asked Questions - Downtown Miami Average Rents

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

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

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

The average monthly rental price for studio apartments is $2,600 and an average price per square feet of $4.99. There are a total of 127 studio apartment listings currently available for rent in Downtown Miami.

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

The average monthly rental price for one bedroom apartments is $3,245 and an average price per square feet of $4.25. There are a total of 668 one bedroom apartment listings currently available for rent in Downtown Miami.

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

The average monthly rental price for two bedroom apartments is $4,490 and an average price per square feet of $3.81. There are a total of 569 two bedroom apartment listings currently available for rent in Downtown Miami.

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

Rent prices for rentals in Downtown Miami, Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.06%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by 0.04% year-over-year.

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

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