Miami Beach, FL Rental Market Trends
What is the average rent in Miami Beach?
The average rent for an apartment in Miami Beach is $3,282. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Miami Beach, FL
Last updated November 2024
| Average Rent | Average Apartment Size |
|---|---|
| $3,282 | 865 sq. ft. |
What is the average apartment size in Miami Beach?
The average size for a Miami Beach, FL apartment is 865 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
26,289 or 63% of the households in Miami Beach, FL are renter-occupied while 15,422 or 37% are owner-occupied.
Miami Beach, FL rent trends
Average Rent in Miami Beach, FL By Neighborhood
| City | Average Rent |
|---|---|
| Hibiscus Island | $3,642 |
| Miami Beach City Center | $3,642 |
| Ocean Beach | $3,642 |
| Palm Island | $3,642 |
| South Pointe | $3,642 |
| Star Island | $3,642 |
| Venetian Islands | $3,642 |
| West Avenue | $3,642 |
| Bayshore | $3,499 |
| Biscayne Point | $2,443 |
| Normandy Isles | $2,443 |
| Normandy Shores | $2,443 |
| North Shore | $2,443 |
| La Gorce | $2,391 |
| Nautilus | $1,991 |
| Oceanfront | $1,991 |
| Sunset Islands | $1,991 |
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What are the most affordable neighborhoods in Miami Beach?
The most affordable neighborhoods in Miami Beach are Nautilus, where the average rent goes for $1,991/month, Oceanfront, where renters pay $1,991/mo on average, and Sunset Islands, where the average rent goes for $1,991/mo. If you’re looking for other great deals, check out the listings from La Gorce ($2,391), Biscayne Point ($2,443), and Normandy Isles ($2,443), where the asking prices are below the average Miami Beach rent of $3,282/mo.
What are the most expensive neighborhoods in Miami Beach?
The most expensive neighborhoods in Miami Beach are Star Island ($3,642), Venetian Islands ($3,642) and West Avenue ($3,642).
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 $3,642. Next up is North Shore, where apartments go for $2,443/month, followed by Bayshore with $3,499 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 $3,642 on average, and Normandy Isles, where the average monthly rent is $2,443.
Miami Beach | Rent Comparison by Neighborhood
Rent in Bayshore is 43% higher than in Biscayne Point
$3,499
Bayshore rent is 7% higher than Miami Beach average
Average Rent
$3,499
$2,443
Biscayne Point rent is 26% lower than Miami Beach average
Average Rent
$2,443
How Miami Beach Compares to Other Cities
| State | Average Rent |
|---|---|
| Jacksonville | $1,489 |
| Miami | $2,645 |
| Tampa | $1,911 |
| Orlando | $1,895 |
| Kissimmee | $1,768 |
| Fort Myers | $1,876 |
| Gainesville | $1,695 |
| Cape Coral | $1,898 |
| Lakeland | $1,519 |
| Fort Lauderdale | $2,740 |
| Hialeah | $2,218 |
| Hollywood | $2,078 |
| Miami Beach | $3,282 |
| Plantation | $2,358 |
| Sunrise | $2,293 |
| Doral | $2,627 |
| Miramar | $2,598 |
| Oakland Park | $2,055 |
| Lauderhill | $1,961 |
| Miami Gardens | $2,155 |
| North Miami | $2,370 |
Most Popular Apartments in Miami Beach
Gator Apartments
3925 N. MERIDIAN AVE, MIAMI BEACH, FL 33140| STUDIO | N/A |
| 1 BED | $1,800 |
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Edwards Apartments
953 COLLINS AVENUE, MIAMI BEACH, FL 33139| STUDIO | $1,800 |
| 1 BED | $1,900 |
Rue Granville Apartments
7020 RUE GRANVILLE, #B101, MIAMI BEACH, FL 33140| 1 BED | $1,900 |
| 2 BEDS | N/A |
Crestview Apartments
9181 W BAY HARBOR DR, BAY HARBOR ISLANDS, FL 33154| STUDIO | $1,900 |
| 1 BED | $2,100 |
| 2 BEDS | $2,000 |