Average Rent in Miami, FL

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Current Versus Historical Miami, FL Rents

Miami rentals average $2,300 for a studio rental to $8,250 for a 4-bedroom rental. The median price of all currently available listings is $3,500, 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 $367 (18.51%) year-over-year from $1,983 to $2,350. 1-bedroom rentals prices have increased by $31 (1.05%) year-over-year from $2,900 to $2,931. 2-bedroom rentals prices have increased by $17 (0.45%) year-over-year from $3,733 to $3,750. 3-bedroom rentals prices have increased by $350 (6.80%) year-over-year from $5,150 to $5,500. 4-bedroom rentals prices have increased by $400 (5.63%) year-over-year from $7,100 to $7,500. 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 5.22% this month. 1-bedroom rents have gone up by 0.70% this month. 2-bedroom rents have gone down by 2.98% this month. 3-bedroom rents have gone up by 3.13% this month. 4-bedroom rents have gone up by 18.42% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.57	$2,350	$1,983 (18.51%)	$2,003 (17.30%)
1 BR	$3.95	$2,931	$2,900 (1.05%)	$2,683 (9.21%)
2 BR	$3.55	$3,750	$3,733 (0.45%)	$3,752 (-0.05%)
3 BR	$3.85	$5,500	$5,150 (6.80%)	$4,933 (11.49%)
4+ BR	$3.87	$7,500	$7,100 (5.63%)	$6,933 (8.17%)

Historical Rents in Miami, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Miami

There are a total of 29 cities nearby Miami. The average rent in Miami is currently $2,800 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 $2,100, 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 $12,000 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 39.13% more expensive than other cities nearby. One bedrooms are about 36.67% more expensive. Two bedrooms in Miami, FL are about 35.91% more expensive. Finally, rent for three bedrooms are about 40.34% more expensive. Want more information? Check out the top 10 cities out of 29 total cities near 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
Fountainebleau, FL	N/A	$1,900	$2,450	$2,500
Hialeah, FL	$1,599	$1,775	$2,300	$2,500
North Bay Village, FL	$1,850	$2,175	$3,200	$3,100
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

Top Neighborhoods Near Miami

There are a total of 38 neighborhoods in or near Miami. Some of these neighborhoods include Altos Del Mar South, Flamingo - Lummus, and Eastern Shores. 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 $3,150 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 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 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
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,198	$3,100	$2,200
Eastern Shores, North Miami Beach, FL	N/A	$1,950	$2,450	$2,300
East Little Havana, Miami, FL	$1,600	$1,850	$2,375	$2,300
Glenvar Heights, FL	$1,850	$1,850	$2,500	$2,338
Flagami, Miami, FL	$1,300	$1,825	$2,495	$2,350
Upper East Side, Miami, FL	$1,750	$1,975	$2,650	$2,388
California Club, Ives Estates, FL	N/A	$1,775	$2,300	$2,428
Liberty City, Miami, FL	$1,275	$1,700	$2,300	$2,475
West Little Havana, Miami, FL	$1,550	$1,800	$2,500	$2,500
Normandy Isles, Miami Beach, FL	$1,650	$2,025	$2,600	$2,500
Little Haiti, Miami, FL	$1,449	$2,000	$2,500	$2,700
Cutler Bay, FL	N/A	$1,700	$2,200	$2,795
Hallandale Beach, FL	$1,675	$2,300	$3,200	$3,000
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
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
Altos Del Mar, Surfside, FL	$2,648	$3,225	$5,275	$5,000
Edgewater, Miami, FL	$1,843	$3,225	$5,000	$5,000
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 Miami

There are a total of 38 counties located by 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 Miami, FL.

Typically, rent for studios in Miami, FL is 29.37% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Miami, FL is 34.21% more expensive than other counties nearby. Finally, rent for two bedrooms in Miami, FL is 35.26% 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 Miami

There are a total of 9 zipcodes in or near Miami, FL. The average rent for all of these zipcodes is $3,000. A total of 7 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 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 Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.

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

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 $3,500. 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 $2,300 and an average price per square feet of $4.57. There are a total of 226 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 $3,000 and an average price per square feet of $3.95. There are a total of 1,141 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 $3,901 and an average price per square feet of $3.55. There are a total of 1,160 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 0.19%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.07% year-over-year.

What is a reasonable rent price in Miami, FL?

A reasonable rent price in Miami, FL is around $2,800/month. You can search for these reasonably priced rental listings on RentHop.