Average Rent in Downtown Miami, Miami, FL

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Current Versus Historical Downtown Miami, Miami, FL Rents

Downtown Miami rentals average $2,500 for a studio rental to $26,000 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 March 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $22 (0.89%) year-over-year from $2,429 to $2,450. 1-bedroom rentals prices have decreased by $8 (-0.27%) year-over-year from $3,108 to $3,100. 2-bedroom rentals prices have decreased by $50 (-1.10%) year-over-year from $4,550 to $4,500. 3-bedroom rentals prices have increased by $883 (11.60%) year-over-year from $7,617 to $8,500. 4-bedroom rentals prices have decreased by $833 (-4.00%) year-over-year from $20,833 to $20,000. 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 0.00% this month. 1-bedroom rents have gone down by 1.06% this month. 2-bedroom rents have gone up by 0.75% this month. 3-bedroom rents have gone down by 1.92% this month. 4-bedroom rents have gone up by 25.33% this month.

Beds	Price / Sqft	Mar 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.86	$2,450	$2,429 (0.89%)	$2,475 (-1.01%)
1 BR	$4.07	$3,100	$3,108 (-0.27%)	$3,133 (-1.06%)
2 BR	$3.87	$4,500	$4,550 (-1.10%)	$4,433 (1.50%)
3 BR	$5.17	$8,500	$7,617 (11.60%)	$8,083 (5.15%)
4+ BR	$6.12	$20,000	$20,833 (-4.00%)	$10,995 (81.91%)

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 34 cities nearby Downtown Miami. The average rent in Downtown Miami is currently $2,844 per month. A total of 28 cities nearby have an average rent lower than that. Our records show that Golden Glades, FL, with an average rent of $2,200, is the most affordable city nearby. In contrast, the most expensive city near Downtown Miami, Miami, FL is Pinecrest, FL. Monthly rents here are on average $7,500 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 49.55% more expensive than other cities nearby. One bedrooms are about 38.73% more expensive. Two bedrooms in Downtown Miami, Miami, FL are about 44.44% more expensive. Finally, rent for three bedrooms are about 59.25% more expensive. Want more information? Check out the top 10 cities out of 34 total cities near Downtown Miami, Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Glenvar Heights, FL	$1,750	$1,888	$2,598	$2,500
West Little River, FL	$1,250	$1,500	$2,200	$2,525
South Miami, FL	$1,800	$1,960	$2,800	$2,813
North Bay Village, FL	$1,850	$2,373	$3,500	$3,400
Miami, FL	$2,250	$2,900	$3,976	$3,459
Miami Beach, FL	$2,200	$2,800	$5,000	$3,535
Coral Gables, FL	$1,750	$2,348	$3,500	$3,600
Bay Harbor Islands, FL	N/A	$2,800	$4,200	$3,900
Surfside, FL	$2,725	$2,990	$4,699	$5,500
Key Biscayne, FL	N/A	$3,300	$6,500	$7,500

Top Neighborhoods Near Downtown Miami

There are a total of 42 neighborhoods in or near Downtown Miami. Some of these neighborhoods include Altos Del Mar South, Overtown, and Biscayne Beach. We've included the top 30 neighborhoods out of 42 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 $3,050 per month. A total of 29 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Downtown Miami, Altos Del Mar South has the most affordable average rent at $1,950 per month. Whereas, at $8,850 average rent per month, Northeast Coconut Grove 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	$1,650	$1,950	$4,100	$1,950
Overtown, Miami, FL	$1,550	$1,713	$2,423	$1,963
Biscayne Beach, Miami Beach, FL	N/A	$1,800	$2,500	$2,100
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,150	$3,398	$2,200
East Little Havana, Miami, FL	$1,688	$1,863	$2,500	$2,225
Flagami, Miami, FL	$1,300	$1,995	$2,400	$2,250
Normandy Isles, Miami Beach, FL	$1,675	$1,978	$2,500	$2,250
Allapattah, Miami, FL	$1,800	$1,850	$2,400	$2,350
West Little Havana, Miami, FL	$1,499	$1,800	$2,400	$2,375
Little Haiti, Miami, FL	$1,550	$1,900	$2,395	$2,500
Liberty City, Miami, FL	N/A	$1,600	$2,300	$2,500
West Little River, FL	$1,250	$1,500	$2,200	$2,525
Upper East Side, Miami, FL	$1,600	$2,075	$2,875	$2,850
South Miami, FL	$1,800	$1,960	$2,825	$2,950
Coral Way, Miami, FL	$1,700	$2,000	$2,900	$3,000
Treasure Island, North Bay Village, FL	$1,900	$2,323	$3,400	$3,300
Media and Entertainment District, Miami, FL	$2,275	$3,075	$4,500	$3,500
City Center, Miami Beach, FL	$2,750	$3,500	$5,850	$3,500
Downtown Miami, Miami, FL	$2,525	$2,950	$4,250	$3,749
Wynwood, Miami, FL	$1,800	$3,225	$5,150	$3,850
Bay Harbor Islands, FL	N/A	$2,800	$4,200	$3,900
West Avenue, Miami Beach, FL	$2,625	$3,175	$5,402	$4,000
Brickell, Miami, FL	$2,600	$3,300	$4,600	$4,100
Altos Del Mar, Surfside, FL	$2,725	$2,995	$4,800	$4,699
Edgewater, Miami, FL	$2,120	$3,500	$5,000	$4,900
Bayshore, Miami Beach, FL	$1,975	$2,950	$4,000	$5,200
Park West, Miami, FL	$3,100	$4,400	$6,500	$5,500
South Pointe, Miami Beach, FL	$2,200	$4,125	$7,750	$6,500
Village of Key Biscayne, Key Biscayne, FL	N/A	$3,300	$6,500	$7,500
Northeast Coconut Grove, Miami, FL	$2,200	$3,200	$8,700	$8,850

Top Counties Near Downtown Miami

There are a total of 42 counties located by Downtown Miami, Miami, FL. Some of these counties include Hialeah, FL, Hallandale Beach, FL, and Kendale Lakes-Tamiami, FL. The average rent for rentals in these counties is $3,025. 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 $7,500, Key Biscayne, FL is the most expensive county by Downtown Miami, Miami, FL.

Typically, rent for studios in Downtown Miami, Miami, FL is 30.52% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Miami, Miami, FL is 35.32% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Miami, Miami, FL is 43.44% 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	$1,749	$1,850	$2,300	$2,500
Hallandale Beach, FL	$1,800	$2,200	$2,900	$2,750
Kendale Lakes-Tamiami, FL	$1,500	$1,800	$2,400	$2,800
Miami Gardens, FL	$1,250	$1,475	$2,250	$2,900
North Westside, FL	$2,000	$2,100	$2,500	$3,000
Kendall-Palmetto Bay, FL	$1,725	$1,975	$2,500	$3,050
Miami, FL	$1,995	$2,450	$3,400	$3,200
South Westside, FL	N/A	$1,800	$2,590	$3,750
Miami Beach, FL	$2,200	$2,800	$5,000	$4,000
Key Biscayne, FL	N/A	$3,300	$6,500	$7,500

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 $2,838. 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 33179, Ives Estates, FL at $2,250 per month. In comparison, the zipcode with the most expensive average rent of $4,500 per month is 33137, Miami, FL.

Studios in these zipcodes have an average rent of $1,688. 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 Downtown Miami, Miami, FL is $2,050 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,560 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	$2,900	$3,933	$3,500
33137, Miami, FL	$2,250	$3,210	$4,969	$4,500
33014, Hialeah, FL	N/A	$1,875	$2,300	$2,250
33179, Ives Estates, FL	$1,375	$1,725	$2,250	$2,250
33180, Aventura, FL	$2,095	$2,400	$3,400	$3,500
33178, Doral, FL	$2,000	$2,300	$2,770	$3,500
33157, Palmetto Bay, FL	N/A	$1,800	$2,338	$2,900
33015, Country Club, FL	N/A	$1,800	$2,300	$2,375
33009, Hallandale Beach, FL	$2,000	$2,200	$2,950	$2,775
33025, Miramar, FL	N/A	$1,900	$2,350	$2,425

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 $2,500 and an average price per square feet of $4.86. There are a total of 123 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 $3,150 and an average price per square feet of $4.07. There are a total of 689 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 $3.87. There are a total of 665 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 0.01%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by 0.12% 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.