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Studio Apartments for Rent in Miami, FL - 106 Rentals available


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 studio apartments near me

Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RENTCafé listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RENTCafé allows you to find the best fit for you - so, let's find your new home!

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
    /

    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 studio apartment in Miami, FL

    If you are looking for affordable housing you’re in the right place. There are 106 rental units, with prices starting from as low as $900. Are you the typical bachelor who thinks a house is four wheels with a bed and not a zen-zone where happiness lives? Or maybe you are a very active professional, living the big-city life, practically spending all your existence downtown: working, eating and having fun. Essentially, you’re only going home for sleeping. So why would it bother you that you have your kitchen in the main room and there is no balcony with beautiful views? You don’t have time to enjoy it anyway. And besides, you’re not the type to be staying in anyways. In that case, all you need is a cheap studio. The average size for apartments in Miami, FL is 861 Sq.Ft., but you will end up most probably with something much smaller, which will be nonetheless a good deal. If you’ve already set your mind on the “find efficiency apartment” mode, stop reading now and select “Studio” from our Beds filter. On the other hand, if you’re looking for something that is a bit homier, keep reading.

    If you are not Mr. or Mrs. efficiency apartment…

    It looks like you’re ballin’ on a budget, but you like your alone time at home. There can be huge differences between a small apartment and a studio apartment. If you like unwinding at home after a long day and cooking on the weekends, we recommend you to search for single bedroom apartments, where you will have a bit more space and a separate kitchen. Let’s face it, moving into a studio just because it’s a good deal it’s not always a good idea. Yes, probably your apartment will be more expensive than the cheapest pad in Miami, FL which is going for $900, but it’s hard to put a price on feeling comfortable in your own home. Going down this path doesn’t necessarily mean either that you will need to overspend, with 25 listings and an average rent of $1,540 you will most likely find a one room apartment to call home.

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