Miami, FL Rental Market Trends
Last updated: October 25, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Miami is $2,698, a 0.07% decrease compared to the previous year, when the average rent was $2,700.
Studio Apartments at $2,090 offer the most budget-friendly option with 470 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 731 square feet for $2,375, balancing privacy and affordability.
Two-beedroom units at $2,945 offer 1,040 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,317 sq ft) for $3,603, suitable for larger households.
Average rent in Miami, FL
Last updated: October 25, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,698 | 890 sq. ft. |
| Studio | $2,090 | 470 sq. ft. |
| 1 Bed | $2,375 | 731 sq. ft. |
| 2 Beds | $2,945 | 1,040 sq. ft. |
| 3 Beds | $3,603 | 1,317 sq. ft. |
Miami, FL rent trends
Rental prices in Miami, FL have decreased by 0.07% over the past year. The average rent moved from $2,700 to $2,698.
What's the typical rent budget in Miami, FL?
The largest share of rentals in Miami, FL (29%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Miami, FL?
131,801 or 69% of the households in Miami, FL are renter-occupied while 58,481 or 31% are owner-occupied.
Most affordable neighborhoods in Miami?
Northeast Coconut Grove $1,439/month
Northeast Coconut Grove $1,439/month
Little Haiti $1,604/month
All of these neighborhoods fall below the city wide average of $2,698/month.Most expensive neighborhoods in Miami?
Midtown - Edgewater $3,447/month
Brickell $3,608/month
Brickell $3,608/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Miami, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brickell | $3,608 |
| Brickell | $3,608 |
| Midtown - Edgewater | $3,447 |
| Midtown - Edgewater | $3,447 |
| Wynwood | $3,350 |
| Wynwood | $3,350 |
| Silver Bluff | $3,237 |
| Silver Bluff | $3,237 |
| Downtown Miami | $3,220 |
| Downtown Miami | $3,220 |
| Zanzuri - Dadeland North | $2,879 |
| Zanzuri - Dadeland North | $2,879 |
| North Bay Village | $2,878 |
| North Bay Village | $2,878 |
| Upper East Side | $2,776 |
| Upper East Side | $2,776 |
| Palmetto - Kendal Heights | $2,747 |
| Palmetto - Kendal Heights | $2,747 |
| Sweetwater | $2,726 |
| Sweetwater | $2,726 |
| Miami Media And Entertainment District | $2,707 |
| Miami Media And Entertainment District | $2,707 |
| Kendall Commons | $2,606 |
| Kendall Commons | $2,606 |
| Allapattah | $2,567 |
| Allapattah | $2,567 |
| Little Havana | $2,549 |
| Little Havana | $2,549 |
| Overtown | $2,511 |
| Overtown | $2,511 |
| Downtown Dadeland | $2,415 |
| Downtown Dadeland | $2,415 |
| The Roads | $2,378 |
| The Roads | $2,378 |
| Blue Lagoon Area | $2,348 |
| Blue Lagoon Area | $2,348 |
| Southwest Coconut Grove | $2,329 |
| Southwest Coconut Grove | $2,329 |
| Wellington Point | $2,304 |
| Wellington Point | $2,304 |
| Kings Meadow - Parkside Glen | $2,152 |
| Kings Meadow - Parkside Glen | $2,152 |
| Grapeland Heights | $2,151 |
| Grapeland Heights | $2,151 |
| Olympic | $2,084 |
| Olympic | $2,084 |
| Flagami | $2,083 |
| Flagami | $2,083 |
| Coral Park Estates | $2,049 |
| Coral Park Estates | $2,049 |
| Tree Top | $2,000 |
| Tree Top | $2,000 |
| Miami Springs | $1,837 |
| Miami Springs | $1,837 |
| Little Haiti | $1,604 |
| Little Haiti | $1,604 |
| Northeast Coconut Grove | $1,439 |
| Northeast Coconut Grove | $1,439 |
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Miami | Rent Comparison by Neighborhood
Rent in Allapattah is the same as in Allapattah
$2,567
Allapattah rent is 5% lower than Miami average
Average Rent
$2,567
$2,567
Allapattah rent is 5% lower than Miami average
Average Rent
$2,567
How Miami Compares to Other Cities
| City | Average Rent |
|---|---|
| Miami | $2,698 |
| Jacksonville | $1,505 |
| Tampa | $2,003 |
| Orlando | $1,822 |
| West Palm Beach | $2,365 |
| Fort Lauderdale | $2,721 |
| Kissimmee | $1,823 |
| St. Petersburg | $2,040 |
| Cape Coral | $1,758 |
| Fort Myers | $1,791 |
| Hallandale Beach, FL | $3,313 |
| Doral, FL | $2,841 |
| North Miami, FL | $2,273 |
| Miami Gardens, FL | $1,966 |
| Coral Gables, FL | $4,034 |
| Hialeah, FL | $2,190 |
| Homestead, FL | $1,995 |
| Miami Beach, FL | $3,244 |
| Hollywood, FL | $2,225 |
| Plantation, FL | $2,508 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Miami apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.