Average Rent in South Miami, FL

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Current Versus Historical South Miami, FL Rents

South Miami rentals average $1,775 for a studio rental to $5,975 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $3 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 $190 (11.80%) year-over-year from $1,610 to $1,800. 1-bedroom rentals prices have increased by $83 (4.41%) year-over-year from $1,892 to $1,975. 2-bedroom rentals prices have increased by $162 (5.64%) year-over-year from $2,876 to $3,039. 3-bedroom rentals prices have decreased by $1,017 (-20.07%) year-over-year from $5,067 to $4,050. 4-bedroom rentals prices have decreased by $825 (-12.13%) year-over-year from $6,800 to $5,975. 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 0.92% this month. 1-bedroom rents have gone up by 0.42% this month. 2-bedroom rents have gone up by 7.97% this month. 3-bedroom rents have gone down by 3.76% this month. 4-bedroom rents have gone down by 7.48% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.68	$1,800	$1,610 (11.80%)	$1,550 (16.13%)
1 BR	$3.92	$1,975	$1,892 (4.41%)	$1,746 (13.09%)
2 BR	$3.09	$3,039	$2,876 (5.64%)	$2,530 (20.11%)
3 BR	$2.97	$4,050	$5,067 (-20.07%)	$3,500 (15.71%)
4+ BR	$3.29	$5,975	$6,800 (-12.13%)	$4,733 (26.23%)

Historical Rents in South Miami, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near South Miami

There are a total of 1 cities nearby South Miami. The average rent in South Miami is currently $2,250 per month. Only one city nearby has an average rent lower than that. Our records show that Glenvar Heights, FL, with an average rent of $2,250, is the most affordable city nearby. In contrast, the most expensive city near South Miami, FL is Glenvar Heights, FL. Monthly rents here are on average $2,250 per month.

Let's compare South Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in South Miami, FL is 4.00% more affordable than other cities nearby. One bedrooms are about 6.33% more expensive. Two bedrooms in South Miami, FL are about 16.29% more expensive. Finally, rent for three bedrooms are about 17.58% more expensive. Want more information? Check out the top 1 cities near South Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Glenvar Heights, FL	$1,846	$1,850	$2,595	$2,250

Top Neighborhoods Near South Miami

There are a total of 1 neighborhoods in or near South Miami. We've included all of these top 1 neighborhoods in or near South Miami, FL in the following chart.

The average rent for these 1 neighborhoods in or near South Miami, FL is currently around $2,250 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near South Miami, Glenvar Heights has the most affordable average rent at $2,250 per month. Whereas, at $2,250 average rent per month, Glenvar Heights is the most expensive neighborhood in or near South Miami. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Glenvar Heights, FL	$1,846	$1,850	$2,595	$2,250

Top Counties Near South Miami

There are a total of 1 counties located by South Miami, FL. The average rent for rentals in these counties is $3,100. That's roughly around $3 per sqft. The county that is the most affordable is Kendall-Palmetto Bay, FL. It's average rent per month is $3,100. Vice versa, with an average rent of $3,100, Kendall-Palmetto Bay, FL is the most expensive county by South Miami, FL.

In comparison, rent for one bedroom listings in South Miami, FL is 1.27% more expensive than other counties nearby. Finally, rent for two bedrooms in South Miami, FL is 19.35% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Kendall-Palmetto Bay, FL	N/A	$1,950	$2,500	$3,100

Top Zipcodes Near South Miami

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - South Miami Average Rents

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

The average monthly rental price for South Miami, FL apartments for rent is approximately $3,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do South 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 South Miami, FL.

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

The average monthly rental price for studio apartments is $1,775 and an average price per square feet of $4.68. There are a total of 6 studio apartment listings currently available for rent in South Miami.

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

The average monthly rental price for one bedroom apartments is $1,975 and an average price per square feet of $3.92. There are a total of 16 one bedroom apartment listings currently available for rent in South Miami.

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

The average monthly rental price for two bedroom apartments is $3,100 and an average price per square feet of $3.09. There are a total of 12 two bedroom apartment listings currently available for rent in South Miami.

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

Rent prices for rentals in South Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by -0.20% year-over-year.

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

A reasonable rent price in South Miami, FL is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.