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3 Bedroom Apartments for Rent in Miami, FL - 67 Rentals available


Miami’s average rent reached $1,679 in October

Miami’s average rent reached $1,679 in October, after a 1.9% decrease since last year. A major U.S. business hub and a renter-majority city (70%), Miami is a diverse and vibrant place to live in, with apartment rents above the national average of $1,464. [View Full Report]

Miami apartment rent report

Miami’s average rent was $1,679 in October

Miami’s average rent reached $1,679 in October, after a 1.9% decrease since last year. A major U.S. business hub and a renter-majority city (70%), Miami is a diverse and vibrant place to live in, with apartment rents above the national average of $1,464.

Miami’s rent compared to other surrounding cities

This October, the average rent for an apartment in Miami has decreased more than in other surrounding cities such as Fort Lauderdale where rents reached $1,949 after a 1.2% decrease. Apartment rents in West Palm Beach went up by 2.8% compared to last year, reaching $1,510.

What it costs to rent in the largest renter hubs in the Miami area

A renter-majority city itself, Miami is surrounded by other cities popular among renters. The city with the largest renter share after Miami is Miami Beach, where renters make up 62% of the city’s households. Miami Beach apartments go for $1,961 on average, which is 1.6% less than last year. After a 3.1% increase, renting in Homestead (61%) averages on $1,335 a month. Lake Worth and North Miami (56%) are also popular among renters. The average rent in Lake Worth is $1,487 following a slight drop of 0.3%, while apartments in North Miami go for around $1,412 per month after a 1.8% increase compared to last October.

The priciest and cheapest cities for renters in the Miami area

Even after a 7.3% yearly decrease, Coral Gables remains the priciest city for renters in the Miami area, with apartments going for $2,503 per month. Weston is the second most expensive with an average rate of $2,079, while Doral’s $2,045 average puts it in third place.

Lauderhill rentals are the most budget-friendly in the Miami area, with an average price of $1,332. For renters in search of more affordable options, next up are Homestead rentals, going for $1,335 per month. Lauderdale Lakes apartments are the third least pricey, with a $1,350 monthly average as of October.

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for 3 bedroom apartments near me

Are you looking to upgrade to a larger apartment? Are there certain requirements that you and your family need to be able to find the perfect apartment? Browse 3 bedroom apartments near you on RENTCafé to find the one that fits your family. Filter by size, price, and amenities both inside and outside the apartment, and check reviews by verified residents, to make sure you are choosing the apartment that is perfect for you and your family.

Browse for 3 bedroom apartments near you, whether you want to stay in the same neighborhood or ZIP code, or in any city in the U.S. that you plan on moving to. We can help you find the one that is near all the essential places, such as stores, parks, schools and even your job, at the price that suits your budget. Your next home is waiting, let's find it!

Miami, FL Demographics

  • Total Population451,214
  • Female 222,273
    Male 228,941
  • Median Age40.2

Average Rent in Miami, FL

  • Miami, FL Average Rental Price, February 2020 $1,702 /mo

    Miami, FL Apartment Rent Ranges

    • $701-$1,0006%
    • $1,001-$1,50034%
    • $1,501-$2,00037%
    • > $2,00023%

    Miami, FL Rent Trends

    Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
    Miami, FL $1,553 $1,564 $1,575 $1,604 $1,619 $1,662 $1,666 $1,685 $1,729 $1,703 $1,702
    National $1,340 $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
    /

    Miami, FL Households

    • Total Number of Households171,036
    • Family 93,120
      Non-family 77,916
    • Children 41,354
      No Children 129,682
    • Average People Per Household2.58
    • Median Household Income$36,638
    • Median Housing Costs Per Month$1,141

    Miami, FL Education Statistics

    • No High School12%
    • Some High School38%
    • Some College17%
    • Associate Degree7%
    • Bachelor Degree16%
    • Graduate Degree10%

    Renting a 3 bedroom apartment in Miami, FL

    With 66 apartments in Miami, FL, it can be hard finding just the right 3 bedroom apartment. Before you even start thinking about size, price and features, you have to choose a neighborhood. And that’s no easy task, considering that, depending on the area, you get a wide range of rentals in Miami, FL, from very cheap to very expensive. Upper East Side is the most expensive neighborhood of Miami, FL with rents as high as $1,700, while in more affordable areas like Allapattah the monthly rent can be as low as $1,132. Then you also have to factor in the distance to work, kindergarten and/or school. It’s an important decision, as most likely you’re going to spend the next couple of years in this apartment with your family. You are not just searching for an apartment to live in, you’re searching for a home. The internet is supposed to help, but it only confuses you further with redundant lists of things you should pay attention to. We know the feeling very well. Let us give you just one piece of advice: take the rational path and get your priorities right. The only person who knows what type of apartment you need is you. Create a mental or written list of things you absolutely cannot live without, filter accordingly. If a balcony or a garage is absolutely crucial, then head on to the filters section and check the ones you want. This way you will save time by skipping the apartments that don’t meet your criteria.

    Is choosing a cheap apartment worth it?

    There are certainly plenty of options among our 66 available units in Miami, FL if you’re considering also cheap 3 bedroom apartments. But are they worth considering? Certainly. Yet, you should not get carried away with very low prices, as your decision is not affecting only you. Most probably you’re moving with a family, and for the next few years this will be the place where your children will create memories. Good or bad. Remember how much you hated staying between four walls when you were a kid? Are there any playgrounds or parks around? Neighborhood amenities are important too. Cheap apartments in Miami, FL have low prices mostly because of their location. Take into account your morning commute. With children morning commutes are quite long anyway, so moving to that amazing apartment in Allapattah can quickly become a drag if it’s on the opposite end of town than your job or the oldest one’s school. That being said, cheap apartments can be really good deals, but not at any price.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!