Miami Beach, FL Rental Market Trends
What is the average rent in Miami Beach?
The average rent for an apartment in Miami Beach is $3,002. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Miami Beach, FL
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $3,002 | 855 sq. ft. |
What is the average apartment size in Miami Beach?
The average size for a Miami Beach, FL apartment is 855 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 Beach, FL apartment rent ranges
Miami Beach, FL Occupied Housing Units
26,289 or 63% of the households in Miami Beach, FL are renter-occupied while 15,422 or 37% are owner-occupied.
Miami Beach, FL rent trends
Average Rent in Miami Beach, FL By Neighborhood
| City | Average Rent |
|---|---|
| Miami Beach City Center | $3,300 |
| Ocean Beach | $3,300 |
| Palm Island | $3,300 |
| Venetian Islands | $3,300 |
| West Avenue | $3,300 |
| Bayshore | $3,205 |
| Normandy Isles | $2,594 |
| Normandy Shores | $2,594 |
| North Shore | $2,594 |
| Oceanfront | $2,247 |
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What are the most affordable neighborhoods in Miami Beach?
The most affordable neighborhoods in Miami Beach are Oceanfront, where the average rent goes for $2,247/month, Normandy Isles, where renters pay $2,594/mo on average, and Normandy Shores, where the average rent goes for $2,594/mo. If you’re looking for other great deals, check out the listings from North Shore ($2,594), Bayshore ($3,205), and Miami Beach City Center ($3,300), where the asking prices are below the average Miami Beach rent of $3,002/mo.
What are the most expensive neighborhoods in Miami Beach?
The most expensive neighborhoods in Miami Beach are Palm Island ($3,300), Venetian Islands ($3,300) and West Avenue ($3,300).
What are the most popular neighborhoods in Miami Beach?
The most popular neighborhood in Miami Beach is Miami Beach City Center, where there are 3 listings with an average rent of $3,300. Next up is North Shore, where apartments go for $2,594/month, followed by Normandy Isles with $2,594 If you’re looking to rent in Miami Beach’s most popular neighborhoods, make sure to also check out Normandy Shores, where renters pay $2,594 on average, and Ocean Beach, where the average monthly rent is $3,300.
Miami Beach | Rent Comparison by Neighborhood
Rent in Bayshore is 3% lower than in Miami Beach City Center
$3,205
Bayshore rent is 7% higher than Miami Beach average
Average Rent
$3,205
$3,300
Miami Beach City Center rent is 10% higher than Miami Beach average
Average Rent
$3,300
How Miami Beach 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 |
| Tampa | $1,923 |
| North Miami Beach | $2,419 |
| Coral Gables | $2,890 |
| Gainesville | $1,671 |
| Green Cove Springs | $1,078 |
| Sunrise | $2,240 |
| Sunny Isles Beach | $2,644 |
| Hollywood | $2,054 |
| Miramar | $2,608 |
| North Miami | $2,225 |
| Oakland Park | $1,965 |
| Weston | $2,901 |
Most Popular Apartments in Miami Beach
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Chalan Palauan
1580 Washington Avenue, Dededo, GU 96926| 3 BEDS | $3,000 |
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2341 Collins Avenue
2341 Collins Avenue, Miami Beach, FL 33139| 2 BEDS | $2,000 |
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1111 Lincoln Road
1111 Lincoln Road, Miami Beach, FL 33139| 2 BEDS | $2,000 |
7728 Collins Avenue
7728 Collins Avenue, Miami, FL 33141| 2 BEDS | $800 |