Miami Beach, FL Rental Market Trends
What is the average rent in Miami Beach?
The average rent for an apartment in Miami Beach is $2,861. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Miami Beach, FL
|Average Rent||Average Apartment Size|
|$2,861||870 sq. ft.|
What is the average apartment size in Miami Beach?
The average size for a Miami Beach, FL apartment is 870 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
26,628 or 64% of the households in Miami Beach, FL are renter-occupied while 14,905 or 36% are owner-occupied.
Miami Beach, FL rent trends
Average Rent in Miami Beach, FL By Neighborhood
|Miami Beach City Center||$3,138|
What are the most affordable neighborhoods in Miami Beach?
The most affordable neighborhoods in Miami Beach are Nautilus, where the average rent goes for $1,634/month, Oceanfront, where renters pay $1,634/mo on average, and Sunset Islands, where the average rent goes for $1,634/mo. If you’re looking for other great deals, check out the listings from La Gorce ($2,535), Biscayne Point ($2,644), and Normandy Isles ($2,644), where the asking prices are below the average Miami Beach rent of $2,861/mo.
What are the most expensive neighborhoods in Miami Beach?
What are the most popular neighborhoods in Miami Beach?
The most popular neighborhood in Miami Beach is Ocean Beach, where there are 5 listings with an average rent of $3,138. Next up is West Avenue, where apartments go for $3,138/month, followed by North Shore with $2,644 If you’re looking to rent in Miami Beach’s most popular neighborhoods, make sure to also check out Miami Beach City Center, where renters pay $3,138 on average, and Normandy Isles, where the average monthly rent is $2,644.
Miami Beach | Rent Comparison by Neighborhood
Rent in Bayshore is 16% higher than in Biscayne Point
Bayshore rent is 7% higher than Miami Beach average
Biscayne Point rent is 8% lower than Miami Beach average
How Miami Beach Compares to Other Cities
|West Palm Beach||$2,262|