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 $23,000 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 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 increased by $117 (2.66%) year-over-year from $4,383 to $4,500. 3-bedroom rentals prices have increased by $467 (5.67%) year-over-year from $8,233 to $8,700. 4-bedroom rentals prices have increased by $8,350 (66.01%) year-over-year from $12,650 to $21,000. 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 up by 1.50% this month. 3-bedroom rents have gone up by 1.96% this month. 4-bedroom rents have gone down by 14.17% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.94	$2,500	$2,350 (6.38%)	$2,223 (12.48%)
1 BR	$4.24	$3,200	$3,183 (0.52%)	$2,917 (9.71%)
2 BR	$3.86	$4,500	$4,383 (2.66%)	$4,067 (10.66%)
3 BR	$4.76	$8,700	$8,233 (5.67%)	$7,483 (16.26%)
4+ BR	$7.24	$21,000	$12,650 (66.01%)	$20,958 (0.20%)

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 $2,850 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 $2,050, 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 $11,725 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 49.06% more expensive than other cities nearby. One bedrooms are about 41.17% more expensive. Two bedrooms in Downtown Miami, Miami, FL are about 44.44% more expensive. Finally, rent for three bedrooms are about 59.44% 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	$1,748	$1,750	$2,500	$2,200
Glenvar Heights, FL	$1,846	$1,850	$2,595	$2,250
North Bay Village, FL	$1,800	$2,200	$3,100	$3,000
Miami, FL	$2,300	$3,000	$3,995	$3,500
Miami Beach, FL	$2,349	$2,750	$4,850	$3,500
Coral Gables, FL	$1,875	$2,300	$3,500	$4,000
Bay Harbor Islands, FL	$1,750	$2,375	$4,700	$4,500
Surfside, FL	$2,648	$3,175	$5,075	$4,900
Key Biscayne, FL	N/A	$3,200	$6,800	$8,000
Bal Harbour, FL	$3,250	$4,200	$8,300	$11,725

Top Neighborhoods Near Downtown Miami

There are a total of 37 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 37 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 $3,000 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $3,000. Out of all the neighborhoods in or near Downtown Miami, Altos Del Mar South has the most affordable average rent at $2,000 per month. Whereas, at $11,725 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	$1,950	$2,950	$2,000
Overtown, Miami, FL	$1,911	$1,900	$2,300	$2,100
Flamingo - Lummus, Miami Beach, FL	$1,850	$2,175	$3,100	$2,175
Glenvar Heights, FL	$1,846	$1,850	$2,595	$2,250
East Little Havana, Miami, FL	$1,550	$1,900	$2,350	$2,250
Allapattah, Miami, FL	$1,500	$1,900	$2,350	$2,300
Flagami, Miami, FL	$1,300	$1,950	$2,400	$2,300
Normandy Isles, Miami Beach, FL	$1,650	$2,000	$2,650	$2,300
Upper East Side, Miami, FL	$1,750	$1,975	$2,688	$2,325
West Little Havana, Miami, FL	$1,550	$1,800	$2,500	$2,363
Liberty City, Miami, FL	$1,500	$1,600	$2,375	$2,475
Little Haiti, Miami, FL	$1,449	$2,000	$2,600	$2,650
Treasure Island, North Bay Village, FL	N/A	$2,100	$2,995	$2,999
South Miami, FL	$1,775	$1,975	$3,100	$3,000
Coral Way, Miami, FL	$1,925	$2,150	$2,900	$3,100
City Center, Miami Beach, FL	$2,650	$3,500	$12,500	$3,350
Media and Entertainment District, Miami, FL	$2,300	$2,970	$4,153	$3,400
Downtown Miami, Miami, FL	$2,500	$3,000	$4,000	$3,500
West Avenue, Miami Beach, FL	$2,800	$3,190	$4,950	$3,500
Wynwood, Miami, FL	$2,850	$3,500	$5,000	$4,000
Brickell, Miami, FL	$2,650	$3,400	$4,800	$4,200
Bay Harbor Islands, FL	$1,750	$2,375	$4,700	$4,500
Park West, Miami, FL	$3,425	$4,000	$6,450	$4,850
Altos Del Mar, Surfside, FL	$2,648	$3,175	$5,500	$4,900
Edgewater, Miami, FL	$1,825	$3,350	$5,050	$5,000
Bayshore, Miami Beach, FL	N/A	$4,200	$5,700	$5,700
South Pointe, Miami Beach, FL	$1,975	$3,200	$9,500	$6,500
Northeast Coconut Grove, Miami, FL	$2,200	$3,798	$8,525	$7,925
Village of Key Biscayne, Key Biscayne, FL	N/A	$3,200	$6,800	$8,000
Bal Harbour, FL	$3,250	$4,200	$8,300	$11,725

Top Counties Near Downtown Miami

There are a total of 37 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 $3,050. 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 40.38% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Miami, Miami, FL is 36.72% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Miami, Miami, FL is 44.44% 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	$1,275	$1,850	$2,300	$2,500
Miami Gardens, FL	$1,299	$1,475	$2,300	$2,775
Kendale Lakes-Tamiami, FL	$1,700	$1,850	$2,400	$2,800
North Westside, FL	$2,050	$2,100	$2,500	$3,000
Hallandale Beach, FL	$1,775	$2,300	$3,200	$3,000
Kendall-Palmetto Bay, FL	N/A	$1,950	$2,500	$3,100
Miami, FL	$2,097	$2,500	$3,325	$3,200
South Westside, FL	$1,400	$1,848	$2,500	$3,524
Miami Beach, FL	$2,200	$2,700	$4,900	$4,000
Key Biscayne, FL	N/A	$3,200	$6,800	$8,000

Top Zipcodes Near Downtown Miami

There are a total of 10 zipcodes in or near Downtown Miami, Miami, FL. The average rent for all of these zipcodes is $3,050. A total of 9 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 $2,350 per month. In comparison, the zipcode with the most expensive average rent of $4,590 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 $2,100 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,581 per month. Which comes out to $3 per sqft. The following chart includes the top 10 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	$2,950	$3,850	$3,400
33137, Miami, FL	$2,150	$3,250	$5,000	$4,590
33014, Hialeah, FL	N/A	$1,883	$2,363	$2,350
33179, Ives Estates, FL	N/A	$1,800	$2,250	$2,352
33180, Aventura, FL	N/A	$2,400	$3,463	$3,500
33178, Doral, FL	$2,000	$2,250	$2,800	$3,400
33157, Palmetto Bay, FL	N/A	$1,788	$2,200	$3,100
33015, Country Club, FL	N/A	$1,850	$2,300	$2,350
33009, Hallandale Beach, FL	$1,800	$2,300	$3,200	$3,000
33025, Miramar, FL	N/A	$1,950	$2,250	$2,400

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 $4.94. There are a total of 131 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 $3,200 and an average price per square feet of $4.24. There are a total of 686 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 $4,500 and an average price per square feet of $3.86. There are a total of 616 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 0.03%, and three bedroom rental prices have changed by 0.06% 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.