Miami, FL Rental Market Trends
What is the average rent in Miami?
The average rent for an apartment in Miami is $2,451. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Miami, FL
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $2,451 | 894 sq. ft. |
What is the average apartment size in Miami?
The average size for a Miami, FL apartment is 894 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
130,068 or 70% of the households in Miami, FL are renter-occupied while 56,069 or 30% are owner-occupied.
Miami, FL rent trends
Average Rent in Miami, FL By Neighborhood
| City | Average Rent |
|---|---|
| Buena Vista | $3,099 |
| Miami Design District | $3,099 |
| Brickell | $3,043 |
| Upper East Side | $3,033 |
| Little Haiti | $3,001 |
| Midtown - Edgewater | $2,970 |
| Millerdale | $2,894 |
| Downtown Miami | $2,871 |
| Groves | $2,718 |
| Zanzuri - Dadeland North | $2,718 |
| Bird Road Estates | $2,615 |
| Tropical Gardens | $2,615 |
| North Bay Village | $2,594 |
| The Roads | $2,593 |
| Silver Bluff | $2,590 |
| Flagami | $2,548 |
| Little Havana | $2,540 |
| Sweetwater | $2,509 |
| Lakeshore Court At The Hammocks | $2,479 |
| Overtown | $2,437 |
| Kenland Bend | $2,261 |
| Vanessa Ranch | $2,261 |
| Woodstock Villas - Towngate South | $2,261 |
| Grapeland Heights | $2,218 |
| Tamiami Pines | $2,187 |
| Allapattah | $2,167 |
| South Kendall Industrial | $2,143 |
| Pinegrove Estates | $2,099 |
| Sandalwood Villas - Marco | $2,099 |
| Walnut Park | $2,099 |
| Eureka Palm Garden - Seastone Homes | $1,922 |
| Perrine Gardens | $1,922 |
| Point West | $1,922 |
| Liberty City | $1,887 |
| Kendale Lakes Center | $1,727 |
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What are the most affordable neighborhoods in Miami?
The most affordable neighborhoods in Miami are Kendale Lakes Center, where the average rent goes for $1,727/month, Liberty City, where renters pay $1,887/mo on average, and Eureka Palm Garden - Seastone Homes, where the average rent goes for $1,922/mo. If you’re looking for other great deals, check out the listings from Perrine Gardens ($1,922), Point West ($1,922), and Pinegrove Estates ($2,099), where the asking prices are below the average Miami rent of $2,451/mo.
What are the most expensive neighborhoods in Miami?
The most expensive neighborhoods in Miami are Brickell ($3,043), Buena Vista ($3,099) and Miami Design District ($3,099).
What are the most popular neighborhoods in Miami?
The most popular neighborhood in Miami is Allapattah, where there are 2 listings with an average rent of $2,167. Next up is Brickell, where apartments go for $3,043/month, followed by Buena Vista with $3,099 If you’re looking to rent in Miami’s most popular neighborhoods, make sure to also check out Liberty City, where renters pay $1,887 on average, and Little Haiti, where the average monthly rent is $3,001.
Miami | Rent Comparison by Neighborhood
Rent in Allapattah is 17% lower than in Bird Road Estates
$2,167
Allapattah rent is 12% lower than Miami average
Average Rent
$2,167
$2,615
Bird Road Estates rent is 7% higher than Miami average
Average Rent
$2,615
How Miami Compares to Other Cities
| State | Average Rent |
|---|---|
| Orlando | $1,905 |
| Miami Beach | $3,002 |
| Miami | $2,451 |
| Jacksonville | $1,504 |
| Clearwater | $1,790 |
| West Palm Beach | $2,232 |
| North Miami Beach | $2,419 |
| Tampa | $1,923 |
| Coral Gables | $2,890 |
| Gainesville | $1,671 |
| Green Cove Springs | $1,078 |
| Sunrise | $2,240 |
| Sunny Isles Beach | $2,644 |
| Hollywood | $2,054 |
| Weston | $2,901 |
| Miramar | $2,608 |
| North Miami | $2,225 |
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 $242.33. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Miami
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3201 NE 1 ST Ave,, Miami, FL 33137| 1 BED | $1,000 |
| 2 BEDS | $2,000 |
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100 King Street
100 King Street, Miami, FL 93939| 2 BEDS | $1,200 |
The Golden Estate
The Golden Estate, Miami, FL 33101| 1 BED | N/A |
| 2 BEDS | $2,000 |
| 3+ BEDS | $2,500 |
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123 Sales Tax
123 Sales Tax, Miami, FL 333111| 2 BEDS | $1,500+ |