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Apartments for Rent in Miami, FL under $600
13 Rentals Available

  • 5225 NW 29Th Avenue, Miami, FL 33142
    $498 - $1,313
    • 1-2 Beds
    • 1-2 Baths
    Lincoln Avenue Capital Management, LLC
    Contact for availability 1 day ago
    (305) 633-2350
  • 1250 NW 21St Street, Miami, FL 33142
    $429 - $1,487
    • 1-3 Beds
    • 1-2 Baths
    Lincoln Avenue Capital Management, LLC
    Contact for availability 1 day ago
    (305) 545-6873
  • 2351 NW 119Th Street, Miami, FL 33167
    $530 - $959
    • 1 Bed
    • 1 Bath
    Lincoln Avenue Capital Management, LLC
    Contact for availability 1 day ago
    (305) 687-8004
  • 1251 NW 20Th Street, Miami, FL 33142
    $497 - $1,327
    • 1 Bed
    • 1 Bath
    Lincoln Avenue Capital Management, LLC
    Contact for availability 1 day ago
    (305) 548-3811
  • 5225 NW 29Th Avenue, Miami, FL 33142
    $503 - $967
    • 1 Bed
    • 1 Bath
    Lincoln Avenue Capital Management, LLC
    Contact for availability 1 day ago
    (305) 384-7881

Miami’s average rent reached $1,768 in April

Miami’s average rent reached $1,768 in April, after a 2.9% increase since last year. A thriving economic and cultural center and a renter-majority city (67%), Miami is a popular location to call home, with apartment rents above the national average of $1,417. [View Full Report]

Miami apartment rent report

Miami’s average rent was $1,768 in April

Miami’s average rent reached $1,768 in April, after a 2.9% increase since last year. A thriving economic and cultural center and a renter-majority city (67%), Miami is a popular location to call home, with apartment rents above the national average of $1,417.

The average rent for an apartment in Miami rose slower than in other surrounding cities, such as Fort Lauderdale ($2,059), where prices went up by 3.1%. Meanwhile, apartment rates in West Palm Beach increased by 9.3%, reaching an $1,641 average.

Miami apartment rent report

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

Miami Beach, the city with the largest renter share (62%) after Miami itself, has a $2,064 average rent, after a 3.8% increase. Homestead follows with a 60% renter share and an $1,339 average apartment price (up by 4.8% since last year).

Lake Worth also has a 60% renter share, with apartments going for $1,553 after a 5.4% yearly increase. Last but not least, North Miami's 54% share of renters places it fifth among the area’s renter hubs. The city’s average rent reached $1,440 in April, going up by 2.7% in the past year. 

The priciest and cheapest cities for renters in the Miami area

Coral Gables is the priciest city for renters in the Miami area, with apartments renting for $2,709 per month. Weston’s $2,185 rate is the second most expensive, while apartments in Boca Raton ($2,177) come in third.

For renters in search of budget-friendly apartments, Lauderdale Lakes's $1,334 average rent is the cheapest in the Miami area, followed by Homestead's $1,339 rate. Lauderhill rentals are the third least pricey on the list, with a $1,364 average rent as of April.

Miami apartment rents in popular ZIP codes for renters

Among Miami's most popular renter ZIP codes, 33172 has a $1,750 average rent, similar to the city average ($1,768). At the same time, rentals in ZIP 33137 go for $2,236, while prices in ZIP 33186 circle around $1,660. Apartment rents in ZIP 33130 clock in at around $2,255, higher than the Miami average, while rates in ZIP 33132 average at $2,219.

Check out how average rents evolved across the Miami area

Miami apartment rent report

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.

Miami, FL Demographics

  • Total Population454,279
  • Female 224,810
    Male 229,469
  • Median Age40.1

Average Rent in Miami, FL

  • Miami, FL Average Rental Price, August 2021 $1,915 /mo

    Miami, FL Apartment Rent Ranges

    Miami, FL Rent Trends

    Average Rent Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jul / 2021 Aug / 2021
    Miami, FL $1,662 $1,666 $1,685 $1,729 $1,703 $1,697 $1,687 $1,696 $1,754 $1,877 $1,915
    National $1,347 $1,356 $1,361 $1,393 $1,400 $1,402 $1,393 $1,397 $1,485 $1,510 $1,539
    /

    Miami, FL Households

    • Total Number of Households176,777
    • Family 97,010
      Non-family 79,767
    • Children 42,502
      No Children 134,275
    • Average People Per Household2.51
    • Median Household Income$39,049
    • Median Housing Costs Per Month$1,201

    Miami, FL Education Statistics

    Apartments in Miami, FL under $600

    Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $600?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 13 apartments for rent in Miami, FL on which you’ll spend less than $600. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

    Rentals near you under $600

    Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $600. The average rental size in Miami, FL is 827 Sq.Ft., but the $600 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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