Apartments for Rent in Miami, FL under $1100 – 24 Rentals available
$830 - $1,050
- Studio-1 Bed
- 1 Bath
$850 - $1,300
Elizabeth Gardens GENERALAvailable Today! Last updated 1 Mar 2021
- Studio-1 Bed
- 2 Baths
$1,050 - $1,200
GPS Realty NYC LLCLast updated 1 Mar 2021
- 1 Bath
$1,075 - $1,120
- Studio-1 Bed
- 1 Bath
Miami’s average rent reached $1,708 in January
Miami’s average rent reached $1,708 in January, after a 0.1% decrease since last year. A major U.S. business hub and a renter-majority city (67%), Miami is a desirable place to live and work in, with apartment prices above the national average of $1,392. [View Full Report]
Miami’s average rent was $1,708 in January
Miami’s average rent reached $1,708 in January, after a 0.1% decrease since last year. A major U.S. business hub and a renter-majority city (67%), Miami is a desirable place to live and work in, with apartment prices above the national average of $1,392.
This January, the average rent for an apartment in Miami decreased compared to other surrounding cities, such as Fort Lauderdale, where rents reached $2,010 after a 0.6% increase. Apartment rents in West Palm Beach went up by 4.7% compared to last year, reaching $1,549.
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 population. Miami Beach apartments go for $1,984 on average, which is 0.7% more than last year. After a 2.8% increase, renting in Homestead (60%) averages on $1,320 a month. The average rent in Lake Worth, also with 60% renters, is $1,520 following an increase of 3.8%, while apartments in North Miami (54%) go for around $1,430 per month after a 3.5% increase compared to last January.
The priciest and cheapest cities for renters in the Miami area
Even after a 3.3% decrease, Coral Gables remains the priciest city for renters in the Miami area, with apartments going for $2,544 per month. Weston is the second most expensive with an average rate of $2,127, while Boca Raton's $2,083 average puts it in third place.
Homestead rentals are the most budget-friendly in the Miami area, with an average price of $1,320. For renters in search of more affordable options, next up are Lauderhill rentals, going for $1,338 per month. Lauderdale Lakes apartments are the third least pricey, with a $1,362 monthly average as of January.
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.
Miami, FL Demographics
- Total Population451,214
Female 222,273Male 228,941
- Median Age40.2
Average Rent in Miami, FL
- Miami, FL Average Rental Price, December 2020 $1,697 /mo
Miami, FL Apartment Rent Ranges
- > $2,00020%
Miami, FL Rent Trends
|Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Dec / 2020|
Miami, FL Households
- Total Number of Households171,036
Family 93,120Non-family 77,916
Children 41,354No 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 apartments in Miami, FL under $1,100
Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RENTCafé offers you 23 apartments for rent in Miami, FL from 13 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $1,100, and make the most out of your budget.
Finding the best rental near you
Miami, FL is an amazing place to call home, with several rentals under $1,100 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $700 in Miami, FL, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RENTCafé.