Miami Beach, FL Rental Market Trends
The average rent for an apartment in Miami Beach is $2,017, a change amounting to approximately 0% compared to the previous year.
Average Rent in Miami Beach, FL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$2,017||0%||908 sq. ft.|
The average size for a Miami Beach, FL apartment is 908 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Miami Beach, FL Apartment Rent Ranges
- > $2,00040%
Miami Beach, FL Occupied Housing Units
- Renter-occupied Households57%
- Owner-occupied Households42%
25,401 or 57% of the households in Miami Beach, FL are renter-occupied while 19,074 or 42% are owner-occupied.
Miami Beach, FL Rent Trends
|Jul / 2016||Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Nov / 2019|
Average Rent in Miami Beach, FL By Neighborhood
|Miami Beach City Center||$2,134|
The most affordable neighborhoods in Miami Beach are Nautilus, where the average rent goes for $1,532/month, Oceanfront, where renters pay $1,532/mo on average, and Sunset Islands, where the average rent goes for $1,532/mo. If you’re looking for other great deals, check out the listings from La Gorce ($1,801), Biscayne Point ($1,838), and Normandy Isles ($1,838), where the asking prices are below the average Miami Beach rent of $2,017/mo.
The most expensive neighborhoods in Miami Beach are Star Island ($2,134), Venetian Islands ($2,134) and West Avenue ($2,134).
Miami Beach | Rent Comparison by Neighborhood
Rent in Bayshore is 14% higher than in Biscayne Point
Bayshore rent is 4% higher than Miami Beach average
Biscayne Point rent is 9% lower than Miami Beach average
How Does Miami Beach Compare to Nearby Cities
|Average Rent||Y-o-Y Change|
|North Miami Beach||$1,692||4%|
For more information about the Miami Beach rental trends, check out our monthly rent report