Miami Beach, FL Rental Market Trends
What is the average rent in Miami Beach?
The average rent for an apartment in Miami Beach is $2,266, a 11% increase compared to the previous year. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Miami, FL.
Average Rent in Miami Beach, FL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$2,266||11%||862 sq. ft.|
What is the average apartment size in Miami Beach?
The average size for a Miami Beach, FL apartment is 862 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
Miami Beach, FL Occupied Housing Units
23,929 or 55% of the households in Miami Beach, FL are renter-occupied while 19,397 or 44% are owner-occupied.
Miami Beach, FL Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021||Aug / 2021|
Average Rent in Miami Beach, FL By Neighborhood
|Miami Beach City Center||$2,298|
What are the most affordable neighborhoods in Miami Beach?
The most affordable neighborhoods in Miami Beach are Nautilus, where the average rent goes for $1,489/month, Oceanfront, where renters pay $1,489/mo on average, and Sunset Islands, where the average rent goes for $1,489/mo. If you’re looking for other great deals, check out the listings from La Gorce ($1,918), Biscayne Point ($1,989), and Normandy Isles ($1,989), where the asking prices are below the average Miami Beach rent of $2,266/mo.
What are the most expensive neighborhoods in Miami Beach?
The most expensive neighborhoods in Miami Beach are Star Island ($2,298), Venetian Islands ($2,298) and West Avenue ($2,298).
What are the most popular neighborhoods in Miami Beach?
The most popular neighborhood in Miami Beach is Ocean Beach, where there are 7 verified RENTCafé listings with an average rent of $2,298. Next up is West Avenue, where apartments go for $2,298/month, followed by Bayshore with $2,228 If you’re looking to rent in Miami Beach’s most popular neighborhoods, make sure to also check out Normandy Isles, where renters pay $1,989 on average, and North Shore, where the average monthly rent is $1,989.
Miami Beach | Rent Comparison by Neighborhood
Rent in Bayshore is 12% higher than in Biscayne Point
Bayshore rent is 2% lower than Miami Beach average
Biscayne Point rent is 12% lower than Miami Beach average
How Miami Beach Compares to Other Cities
|Average Rent||Y-o-Y Change|