Miami Beach, FL Rental Market Trends
The average rent for an apartment in Miami Beach is $2,018, 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|
|$2,018||0%||917 sq. ft.|
The average size for a Miami Beach, FL apartment is 917 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
- > $2,00046%
Miami Beach, FL Occupied Housing Units
- Renter-occupied Households55%
- Owner-occupied Households44%
24,767 or 55% of the households in Miami Beach, FL are renter-occupied while 19,516 or 44% are owner-occupied.
Miami Beach, FL Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
Average Rent in Miami Beach, FL By Neighborhood
|Miami Beach City Center||$2,135|
The most affordable neighborhoods in Miami Beach are Nautilus, where the average rent goes for $1,564/month, Oceanfront, where renters pay $1,564/mo on average, and Sunset Islands, where the average rent goes for $1,564/mo. If you’re looking for other great deals, check out the listings from La Gorce ($1,803), Biscayne Point ($1,836), and Normandy Isles ($1,836), where the asking prices are below the average Miami Beach rent of $2,018/mo.
The most expensive neighborhoods in Miami Beach are Star Island ($2,135), Venetian Islands ($2,135) and West Avenue ($2,135).
The most popular neighborhood in Miami Beach is Ocean Beach, where there are 8 verified RENTCafé listings with an average rent of $2,135. Next up is West Avenue, where apartments go for $2,135/month, followed by North Shore with $1,836 If you’re looking to rent in Miami Beach’s most popular neighborhoods, make sure to also check out Bayshore, where renters pay $2,100 on average, and Normandy Isles, where the average monthly rent is $1,836.
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 Miami Beach Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Miami Beach rental trends, check out our monthly rent report
Check out Florida Cities, Florida Neighborhoods and Florida Zip Codes for more details on verified listings, including the Florida Average Rent.
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