Apartments for Rent in Miami, FL (with reviews & photos)

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Average rent in Miami, FL

$2,438/mo Miami, FL average rental price, July 2023

The average monthly rent of apartments in Miami, FL is $2,438.

Miami, FL apartment rent ranges

About 24% of apartment rents in Miami, FL range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 67% of apartments. Around 8% of Miami’s apartments are in the $1,001-$1,500 price range. 2% of apartments are priced between $701-$1,000.

Miami, FL rent trends

Check out the average rent prices in Miami by neighborhood.

Compared to the national average rent of $1,726, the average rent in Miami, FL is $2,438.

Getting around in Miami, FL

59 /100

Somewhat Walkable

39 /100

Somewhat Bikeable

Walk Score®: 59, Bike Score®: 39

Frequently asked questions

When were prices and availability in Miami, FL last updated?

Prices and availability in Miami, FL were last updated on 19 Sep 2023.

What are the best apartments in Miami, FL?

The best apartments in Miami, FL are: Moda North Bay Village, Altis Kendall Square, Legacy at 15th, Legacy at 19th and Hidden Lake Apartments.

What is the average rent in Miami, FL?

The average rent in Miami, FL is $2,438. Start your search for apartments in Miami, FL now.

What is the price range for a studio apartment in Miami, FL?

The price range for a studio apartment in Miami, FL is between $1,065 and $6,490. View all studio apartments in Miami, FL.

What is the price range for a 1-bedroom apartment in Miami, FL?

The price range for a 1-bedroom apartment in Miami, FL is between $1,096 and $5,615. Browse all available 1-bedroom apartments in Miami, FL now.

What is the price range for a 2-bedroom apartment in Miami, FL?

The price range for a 2-bedroom apartment in Miami, FL is between $1,000 and $23,050. Browse and find a 2-bedroom apartment in Miami, FL.

What is the price range for a 3-bedroom apartment in Miami, FL?

The price range for a 3-bedroom apartment in Miami, FL is between $1,000 and $8,873. Browse all available 3-bedroom apartments in Miami, FL.

What type of rental buildings are in Miami, FL?

In Miami, 70% of the residents are renting compared to 30% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 35% of Miami’s rentals, 52% are small-scale complexes with under 50 units, and 12% are single-family rentals.

What do typical apartment communities look like in Miami, FL?

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city.  In this case, the apartment buildings in Miami are about 26 years old, on average. Of these, 55% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 10 stories. About 53% of the rental communities here are low-rise, garden-style communities, 30% are mid-rises, and 32% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in Miami, FL?

Rental apartments in Miami come in a range of sizes and floorplans. Studio apartments represent 6% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 47% of the total apartments in the city, while 2-bedroom floorplans represent around 38% of all rentals in Miami. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

Miami, FL in the news

America’s Hottest Rental Markets at the Start of 2023: North Jersey Overtakes Miami as Competition Builds Up in the Northeast

The nation’s second most competitive rental market is Miami, FL. Boasting a record-high occupancy of 97.1% (as well as a high lease renewal rate of 70.9%), the Magic City continues to attract Gen Z and Millennial workers seeking all the benefits Florida has to offer, including the friendly business climate and the absence of income tax. On average, vacant apartments in Miami are filled within 33 days, with 20 would-be renters competing to secure a lease — the highest number of prospective renters per vacant unit in our overall ranking. That’s despite the 1.24% increase in new apartments at the start of 2023. Simply put, there are still not enough rentals in Miami to accommodate all of the apartment seekers.

America’s Hottest Rental Markets at the Start of 2023: North Jersey Overtakes Miami as Competition Builds Up in the Northeast

Miami, FL, is the nation's second most competitive rental market at the start of 2023. Boasting a record-high occupancy of 97.1% (as well as a high lease renewal rate of 70.9%), the Magic City continues to attract Gen Z and Millennial workers seeking all the benefits Florida has to offer. On average, vacant apartments in Miami are filled within 33 days, with 20 would-be renters competing to secure a lease — the highest number of prospective renters per vacant unit in our overall ranking. That’s despite the 1.24% increase in new apartments at the start of 2023. Simply put, there are still not enough rentals in Miami to accommodate all of the apartment seekers.

Millionaires Who Rent Triple, While High-Income Renters Earning $150,000 or More Reach 2.6 Million

A whopping increase of 166% in wealthy renters between 2015 and 2020 places Miami in second place among the nation's top cities for high-income renters. Granted, homeownership in Miami-Dade County has been dropping consistently even before the pandemic. So, it comes as no surprise that 2020 saw an influx of rich renters, reaching a high of 8,653 households (compared to 3,258 just five years prior).

Rental Competitivity in Florida in 2022: Miami & Orlando Were the Only Markets That Stayed Hot the Entire Year

In Miami — the hottest market in Florida and in the U.S. in 2022 — demand far outpaced the number of available apartments. What's more, the 2.8% share of new apartments added in 2022 (second only to one other Florida market, Pensacola) didn't budge Miami’s overall Rental Competitivity Index of 118, which was the highest in the country. Of all the Sunshine State rental hubs, vacant apartments here filled the fastest, in just 25 days.

The Most Competitive Rental Markets in 2022: Miami Is Red Hot, While Competition in the Northeast Intensifies

A large influx of newcomers seeking warm weather and looser restrictions during the pandemic, topped off by a wave of remote workers, has turned Florida into the most sought-after region by renters in 2022. Specifically, Miami-Dade County is now the hottest rental market in the nation, as the demand for apartments in Southern Florida is stronger than ever, putting apartment seekers in a tight spot to find a new place to call home, due to high occupancy, low supply, and record-high lease renewal rates. Riding the wave of migration to Florida during and after the pandemic, Miami-Dade County emerged as the hottest renter hub at the start of the 2022 rental season. South Florida’s appeal to renters from New York and other places relies heavily on the growing number of tech and finance businesses that are present here, on top of the long-time incentives like good weather and low taxes.

Live-Work-Play Apartments Quadrupled in 10 Years, Blending Lifestyle & Workstyle in a Post-Pandemic World

It seems that there’s no slowing down for mixed-use developments, with Los Angeles and Miami becoming the next generation of live-work-play cities. A popular destination for young renters, Los Angeles, CA ranks #1 with a total of 17,600 mixed-use future projects. The East Coast is well represented by Miami, FL, with a total number of 15,900 future projects. A shopping powerhouse, Miami’s retail market is rebounding after the pandemic, fueling the need for the play in live-work-play.

Picket Fences for Rent: 100+ Suburbs Transitioned to Majority Renters in Last Decade

Nearly 40 of the suburbs that transitioned to renter-majority in the last decade belong to just three metros: Washington, D.C. (14); Miami (13); and Los Angeles (12). In the Miami metro, the suburb of Doral, FL — located near the Miami airport — has become renter-dominated thanks to a spectacular 83% increase in its renting population. That makes Doral the third-largest area for renters in the entire country, exceeding 30,000 renters in the past decade. The city’s popularity might be linked to the fact that it ranks as the third-best small city to start a small business in in the U.S. Plus, its affordable cost of living and 13-mile proximity to downtown Miami make Doral a highly appealing suburb in which to rent a home.

Living in Miami, FL

Miami is a major cultural and financial center located in southeastern Florida on the Atlantic Coast. It has one of the largest metropolitan areas in the United States and attracts renters from around the world. As such, Miami's population is extremely diverse with a huge variety of cultures represented. In particular, it's a center for Latin and Hispanic culture in Florida, which is reflected in the city's food, architecture and more. Miami renters enjoy a thriving, diverse economy with job opportunities across a wide range of industries. There's also no shortage of fun things for renters to do in Miami, whether it's exploring the city's vibrant neighborhoods; seeing art and live performances; or relaxing on the beach. There are also several notable art museums in Miami, including the Perez Art Museum; Vizcaya Museum and Gardens; and the Institute of Contemporary Art. The Adrienne Arscht Center for Performing Arts also hosts world-class operas, ballets and musicals. Meanwhile, sports fans renting in Miami will enjoy the city's four major sports teams: the Marlins, Dolphins, Heat and Panthers. Excellent food and nightlife are also abundant here, particularly in the Wynwood and Brickell neighborhoods. And, renters looking to take a break and enjoy the sunshine will find themselves just a short drive from many beautiful beaches.

Renting in Miami, FL

Miami underwent a massive real estate boom in the mid-2000s that resulted in a huge number of high-rise apartment complexes throughout the city. Consequently, many rental properties throughout the area have been constructed in the last 20 years and offer luxury amenities and modern architecture. You'll also find a variety of colorful Art Deco and mid-century rental properties. Notably, rental prices in the area are higher than the national average and have increased in the last several years. Specifically, most apartments in the neighborhoods surrounding downtown are in high-rise buildings, which offer dramatic views of the surrounding area. There are also some mid- and low-rise apartment complexes located outside of downtown. Walkability here varies significantly by neighborhood: Areas close to downtown are dense and easy to navigate on foot, while neighborhoods located further away are more spread out.

Shopping in Miami, FL

Miami is one of the top shopping destinations for luxury goods in the United States, and local renters will find amazing retailers here. Namely, the Design District is particularly well-known for its luxury furniture and fashion shops, whereas the shops at Midtown Miami and the Brickell City Centre complexes are also very popular places for renters to shop in the area. Or, for even more luxury shopping, renters can drive to nearby South Beach, which has even more selection. Of course, Miami renters also have a variety of grocery options available. Publix and Winn-Dixie are the most common grocers, but there are also many independently run markets with international goods readily available. There are also many farmers' markets located throughout the area, with the Vizcaya Village market being one of the most popular.

Transportation in Miami, FL

Many renters in Miami opt to drive, as it's the fastest way to navigate the greater Miami area. Most apartment complexes in Miami have parking on-site, but many charge additional fees. Alternatively, the MetroRail train runs from downtown to Brickell, the Miami International Airport and Hialeah. Or, the MetroMover is an automated people mover in downtown Miami that connects several key commercial and entertainment destinations. There's also bus service throughout the city with express options to nearby suburbs, and renters also have multiple commuter rail options from downtown Miami to other destinations throughout Florida. Otherwise, the TriRail runs north from Miami to Fort Lauderdale, Boca Raton and West Palm Beach. Similarly, Brightline runs privately owned trains to West Palm Beach and will eventually expand to Orlando and possibly to Tampa. Finally, Amtrak also runs trains from Miami Intermodal Station up to New York City.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Miami, FL. Easily search through a wide selection of apartments for rent in Miami, FL, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Miami, FL apartments with rents starting from $562 and submit your rental application today!

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

Studio	$2,365+
1 BED	$2,923+
2 BEDS	$3,286+

Studio	$1,929+
1 BED	$2,159+
2+ BEDS	$2,694+

1 BED	$1,851+
2 BEDS	$2,256+

1 BED	$2,100
2 BEDS	$2,600

1 BED	$2,113+
2 BEDS	$2,588+
3 BEDS	$3,788

1 BED	Ask for pricing
2 BEDS	Ask for pricing
3 BEDS	Ask for pricing

1 BED	$2,180+
2 BEDS	$2,664+
3 BEDS	$3,230+

Studio	$2,243+
1 BED	$2,638+
2+ BEDS	$3,772+

Studio	$2,290+
1 BED	$2,370+
2+ BEDS	$3,470+

Studio	$1,978+
1 BED	$2,473+
2+ BEDS	$2,996+

Apartments for Rent in Miami, FL 650 Rentals Available

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