Miami, FL Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Miami is $2,734, a 0.05% decrease compared to the previous year, when the average rent was $2,735.
Studio Apartments at $2,135 offer the most budget-friendly option with 465 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 729 square feet for $2,432, balancing privacy and affordability.
Two-beedroom units at $2,954 offer 1,042 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,319 sq ft) for $3,677, suitable for larger households.
Average rent in Miami, FL
Last updated: April 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,734 | 887 sq. ft. |
| Studio | $2,135 | 465 sq. ft. |
| 1 Bed | $2,432 | 729 sq. ft. |
| 2 Beds | $2,954 | 1,042 sq. ft. |
| 3 Beds | $3,677 | 1,319 sq. ft. |
Miami, FL rent trends
Rental prices in Miami, FL have decreased by 0.05% over the past year. The average rent moved from $2,735 to $2,734.
What's the typical rent budget in Miami, FL?
The largest share of rentals in Miami, FL (30%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Miami, FL?
131,801 or 69% of the households in Miami, FL are renter-occupied while 58,481 or 31% are owner-occupied.
Most affordable neighborhoods in Miami?
Little Haiti $1,567/month
Palmetto Country Club Estates $1,611/month
Northeast Coconut Grove $1,632/month
All of these neighborhoods fall below the city wide average of $2,734/month.Most expensive neighborhoods in Miami?
Midtown - Edgewater $3,353/month
Wynwood $3,447/month
Brickell $3,687/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Miami, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brickell | $3,687 |
| Wynwood | $3,447 |
| Midtown - Edgewater | $3,353 |
| Downtown Miami | $3,232 |
| Silver Bluff | $3,219 |
| Sweetwater | $2,897 |
| Zanzuri - Dadeland North | $2,885 |
| Miami Media And Entertainment District | $2,884 |
| Palmetto - Kendal Heights | $2,727 |
| Upper East Side | $2,623 |
| Byrwood | $2,606 |
| The Roads | $2,576 |
| Little Havana | $2,576 |
| Kendall Commons | $2,549 |
| Overtown | $2,540 |
| Allapattah | $2,528 |
| Downtown Dadeland | $2,445 |
| Blue Lagoon Area | $2,422 |
| Southwest Coconut Grove | $2,392 |
| Wellington Point | $2,301 |
| Grapeland Heights | $2,168 |
| Flagami | $2,113 |
| Coral Park Estates | $2,107 |
| Tree Top | $2,055 |
| Olympic | $1,994 |
| Kendale Lakes Center | $1,930 |
| Northeast Coconut Grove | $1,632 |
| Palmetto Country Club Estates | $1,611 |
| Little Haiti | $1,567 |
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Miami | Rent Comparison by Neighborhood
Rent in Allapattah is 4% higher than in Blue Lagoon Area
$2,528
Allapattah rent is 8% lower than Miami average
Average Rent
$2,528
$2,422
Blue Lagoon Area rent is 11% lower than Miami average
Average Rent
$2,422
How Miami Compares to Other Cities
| City | Average Rent |
|---|---|
| Miami | $2,734 |
| Jacksonville | $1,497 |
| Tampa | $2,013 |
| Kissimmee | $1,809 |
| Orlando | $1,788 |
| Fort Myers | $1,714 |
| Cape Coral | $1,689 |
| Miami Beach | $3,403 |
| St. Petersburg | $2,018 |
| Port St. Lucie | $2,136 |
| West Palm Beach | $2,466 |
| Homestead | $1,932 |
| Hialeah | $2,201 |
| Hollywood, FL | $2,267 |
| Miami Gardens, FL | $1,991 |
| Doral, FL | $2,879 |
| Coral Gables, FL | $4,065 |
| Plantation, FL | $2,475 |
| Hallandale Beach, FL | $3,059 |
| North Miami, FL | $2,425 |
| North Miami Beach, FL | $2,653 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Miami apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.