Miami, FL Rental Market Trends
What is the average rent in Miami?
The average rent for an apartment in Miami is $2,719. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Miami, FL
Last updated April 2025
| Average Rent | Average Apartment Size |
|---|---|
| $2,719 | 897 sq. ft. |
What is the average apartment size in Miami?
The average size for a Miami, FL apartment is 897 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, FL apartment rent ranges
Miami, FL Occupied Housing Units
131,801 or 69% of the households in Miami, FL are renter-occupied while 58,481 or 31% are owner-occupied.
Miami, FL rent trends
Average Rent in Miami, FL By Neighborhood
| City | Average Rent |
|---|---|
| Brickell | $3,742 |
| Midtown - Edgewater | $3,417 |
| Downtown Miami | $3,353 |
| Wynwood | $3,298 |
| Silver Bluff | $3,273 |
| North Bay Village | $3,004 |
| Zanzuri - Dadeland North | $2,903 |
| Sweetwater | $2,869 |
| Miami Media And Entertainment District | $2,838 |
| Upper East Side | $2,730 |
| Palmetto - Kendal Heights | $2,719 |
| Byrwood | $2,704 |
| Allapattah | $2,605 |
| Kendall Commons | $2,514 |
| Little Havana | $2,508 |
| Overtown | $2,506 |
| The Roads | $2,502 |
| Downtown Dadeland | $2,433 |
| Blue Lagoon Area | $2,419 |
| Wellington Point | $2,319 |
| Southwest Coconut Grove | $2,306 |
| Wild Lime At The Hammocks | $2,301 |
| Kings Meadow - Parkside Glen | $2,145 |
| Grapeland Heights | $2,132 |
| Olympic | $2,109 |
| Flagami | $2,065 |
| Richardson Kellett - Coral Haven | $2,009 |
| Coral Park Estates | $1,996 |
| Tree Top | $1,945 |
| Kendale Lakes Center | $1,859 |
| Miami Springs | $1,824 |
| Little Haiti | $1,534 |
| Palmetto Country Club Estates | $1,511 |
| Northeast Coconut Grove | $1,369 |
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What are the most affordable neighborhoods in Miami?
The most affordable neighborhoods in Miami are Northeast Coconut Grove, where the average rent goes for $1,369/month, Palmetto Country Club Estates, where renters pay $1,511/mo on average, and Little Haiti, where the average rent goes for $1,534/mo. If you’re looking for other great deals, check out the listings from Miami Springs ($1,824), Kendale Lakes Center ($1,859), and Tree Top ($1,945), where the asking prices are below the average Miami rent of $2,719/mo.
What are the most expensive neighborhoods in Miami?
The most expensive neighborhoods in Miami are Downtown Miami ($3,353), Midtown - Edgewater ($3,417) and Brickell ($3,742).
What are the most popular neighborhoods in Miami?
The most popular neighborhood in Miami is Little Havana, where there are 22 listings with an average rent of $2,508. Next up is Midtown - Edgewater, where apartments go for $3,417/month, followed by Allapattah with $2,605 If you’re looking to rent in Miami’s most popular neighborhoods, make sure to also check out Little Haiti, where renters pay $1,534 on average, and Upper East Side, where the average monthly rent is $2,730.
Miami | Rent Comparison by Neighborhood
Rent in Allapattah is 8% higher than in Blue Lagoon Area
$2,605
Allapattah rent is 4% lower than Miami average
Average Rent
$2,605
$2,419
Blue Lagoon Area rent is 11% lower than Miami average
Average Rent
$2,419
How Miami Compares to Other Cities
| State | Average Rent |
|---|---|
| Miami | $2,719 |
| Jacksonville | $1,489 |
| Tampa | $2,046 |
| Cape Coral | $1,901 |
| Kissimmee | $1,809 |
| Orlando | $1,826 |
| Fort Myers | $1,816 |
| Lakeland | $1,555 |
| Fort Lauderdale | $2,750 |
| Gainesville | $1,781 |
| Port St. Lucie | $2,142 |
| Hialeah | $2,192 |
| Miami Beach, FL | $3,271 |
| Hollywood, FL | $2,138 |
| North Miami Beach, FL | $2,584 |
| Plantation, FL | $2,502 |
| Doral, FL | $2,870 |
| Coral Gables, FL | $4,014 |
| Homestead, FL | $2,005 |
| North Miami, FL | $2,213 |
| Miramar, FL | $2,681 |
What is the average price for a storage unit in Miami?
The average rent for a non-climate-controlled 10'x10' storage unit in Miami is $228.07. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Miami
Moda North Bay Village
8000 West Drive, North Bay Village, FL 33141| STUDIO | $2,196+ |
| 1 BED | $2,867+ |
| 2 BEDS | $3,491+ |
