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Houses for Rent in Miami, FL - 24 Rentals available

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Miami’s average rent reached $1,679 in October

Miami’s average rent reached $1,679 in October, after a 1.9% decrease since last year. A major U.S. business hub and a renter-majority city (70%), Miami is a diverse and vibrant place to live in, with apartment rents above the national average of $1,464. [View Full Report]

Miami apartment rent report

Miami’s average rent was $1,679 in October

Miami’s average rent reached $1,679 in October, after a 1.9% decrease since last year. A major U.S. business hub and a renter-majority city (70%), Miami is a diverse and vibrant place to live in, with apartment rents above the national average of $1,464.

 
 

Miami’s rent compared to other surrounding cities

This October, the average rent for an apartment in Miami has decreased more than in other surrounding cities such as Fort Lauderdale where rents reached $1,949 after a 1.2% decrease. Apartment rents in West Palm Beach went up by 2.8% compared to last year, reaching $1,510.

 

What it costs to rent in the largest renter hubs in the Miami area

A renter-majority city itself, Miami is surrounded by other cities popular among renters. The city with the largest renter share after Miami is Miami Beach, where renters make up 62% of the city’s households. Miami Beach apartments go for $1,961 on average, which is 1.6% less than last year. After a 3.1% increase, renting in Homestead (61%) averages on $1,335 a month. Lake Worth and North Miami (56%) are also popular among renters. The average rent in Lake Worth is $1,487 following a slight drop of 0.3%, while apartments in North Miami go for around $1,412 per month after a 1.8% increase compared to last October.

The priciest and cheapest cities for renters in the Miami area

Even after a 7.3% yearly decrease, Coral Gables remains the priciest city for renters in the Miami area, with apartments going for $2,503 per month. Weston is the second most expensive with an average rate of $2,079, while Doral’s $2,045 average puts it in third place.

Lauderhill rentals are the most budget-friendly in the Miami area, with an average price of $1,332. For renters in search of more affordable options, next up are Homestead rentals, going for $1,335 per month. Lauderdale Lakes apartments are the third least pricey, with a $1,350 monthly average as of October.

 
 

Methodology

RENTCafe.com is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States. 

The data on average rents included in our reports comes directly from competitively-rented (market-rate) large-scale multifamily properties (50+ units in size), via telephone survey. The data is compiled and reported by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Fully-affordable properties are not included in the survey and are not reported in rental rate averages. Local rent reports include only cities with a statistically-relevant stock of large-scale multifamily properties of 50+ units.

Look for houses for rent near me

Do you want a house with a backyard, a grill area, that offers you privacy and enough space for your family? RENTCafé offers you the possibility to look for a house for rent near you, to find the one that best suits your family. Browsing through our listings, you can filter by size, price, pet policy, check out the location, to find the best house in your area. Whether you are looking to move to a particular neighborhood, or a specific ZIP code, may it be for its safety, beautiful buildings, or quiet atmosphere, you can find the rental house that your whole family will enjoy.

Your next home is out there, whether you are looking for a house for rent near you or anywhere in the U.S. Easily browse houses for rent with availability updated daily, and let's find the one that is perfect for you!

Miami, FL Demographics

  • Total Population451,214
  • Female 222,273
    Male 228,941
  • Median Age40.2

Average Rent in Miami, FL

  • Miami, FL Average Rental Price, February 2020 $1,702 /mo

    Miami, FL Apartment Rent Ranges

    • $701-$1,0006%
    • $1,001-$1,50034%
    • $1,501-$2,00037%
    • > $2,00023%

    Miami, FL Rent Trends

    Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
    Miami, FL $1,553 $1,564 $1,575 $1,604 $1,619 $1,662 $1,666 $1,685 $1,729 $1,703 $1,702
    National $1,340 $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
    /

    Check out the average rent prices in Miami by neighborhood.

    Miami, FL Households

    • Total Number of Households171,036
    • Family 93,120
      Non-family 77,916
    • Children 41,354
      No Children 129,682
    • Average People Per Household2.58
    • Median Household Income$36,638
    • Median Housing Costs Per Month$1,141

    Miami, FL Education Statistics

    • No High School12%
    • Some High School38%
    • Some College17%
    • Associate Degree7%
    • Bachelor Degree16%
    • Graduate Degree10%

    Renting a house in Miami, FL

    Some people just don’t buy into the American dream of owning your own house and sacrificing flexibility. Also, a 30-year mortgage is not the most pleasant thought to wake up with every morning. We understand. But what if you need some extra storage space? What if you like a backyard where you could throw BBQ parties and the kids could play in a safe environment? Luckily, you can forget the dreaded mortgage. Renting a house is the answer. There are 24 homes for rent in Miami, FL. And it won’t necessarily cost an arm and a leg to rent the perfect home for your family. You can look into duplexes for rent too. Prices in Miami, FL for rental homes start at $1,400.

    A rental house offers flexibility

    Your family situation will change throughout your life. Renting makes it possible to match the size of your home to your lifestyle and financial situation. Maybe it’s just you and your significant other at the moment sharing a charming downtown apartment. But there’s a chance that at some point in time, a third family member will show-up and suddenly that 1 bedroom apartment you were so happy with will become too small. You will realize that you’d much rather prefer the comfort of your own backyard, than all the excitement your current neighborhood provides, that you no longer have time to enjoy anyway. If you want to continue living comfortably, you may want to rent a 2 bedroom house. Or maybe your oldest son turned into a young man who’s going off to college soon. You’ll find yourself in a 4 bedroom house that is suddenly too big. You could downsize and rent a 3 bedroom home with a pool, in a much nicer area. The flexibility of renting makes it possible.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!