Miami, FL Rental Market Trends
What is the average rent in Miami?
The average rent for an apartment in Miami is $2,733. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Miami, FL
Last updated May 2025
| Average Rent | Average Apartment Size |
|---|---|
| $2,733 | 896 sq. ft. |
What is the average apartment size in Miami?
The average size for a Miami, FL apartment is 896 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
131,801 or 69% of the households in Miami, FL are renter-occupied while 58,481 or 31% are owner-occupied.
Miami, FL rent trends
Average Rent in Miami, FL By Neighborhood
| City | Average Rent |
|---|---|
| Brickell | $3,662 |
| Midtown - Edgewater | $3,419 |
| Downtown Miami | $3,360 |
| Wynwood | $3,292 |
| Silver Bluff | $3,271 |
| North Bay Village | $3,063 |
| Zanzuri - Dadeland North | $2,914 |
| Sweetwater | $2,878 |
| Miami Media And Entertainment District | $2,834 |
| Palmetto - Kendal Heights | $2,722 |
| Upper East Side | $2,714 |
| Byrwood | $2,705 |
| Allapattah | $2,623 |
| Overtown | $2,579 |
| Kendall Commons | $2,546 |
| The Roads | $2,527 |
| Little Havana | $2,516 |
| Downtown Dadeland | $2,452 |
| Wellington Point | $2,380 |
| Blue Lagoon Area | $2,354 |
| Southwest Coconut Grove | $2,309 |
| Wild Lime At The Hammocks | $2,297 |
| Kings Meadow - Parkside Glen | $2,185 |
| Grapeland Heights | $2,143 |
| Olympic | $2,143 |
| Flagami | $2,106 |
| Richardson Kellett - Coral Haven | $2,046 |
| Coral Park Estates | $2,033 |
| Tree Top | $1,993 |
| Kendale Lakes Center | $1,926 |
| Miami Springs | $1,850 |
| Little Haiti | $1,562 |
| Palmetto Country Club Estates | $1,540 |
| Northeast Coconut Grove | $1,420 |
/
/
What are the most affordable neighborhoods in Miami?
The most affordable neighborhoods in Miami are Northeast Coconut Grove, where the average rent goes for $1,420/month, Palmetto Country Club Estates, where renters pay $1,540/mo on average, and Little Haiti, where the average rent goes for $1,562/mo. If you’re looking for other great deals, check out the listings from Miami Springs ($1,850), Kendale Lakes Center ($1,926), and Tree Top ($1,993), where the asking prices are below the average Miami rent of $2,733/mo.
What are the most expensive neighborhoods in Miami?
The most expensive neighborhoods in Miami are Downtown Miami ($3,360), Midtown - Edgewater ($3,419) and Brickell ($3,662).
What are the most popular neighborhoods in Miami?
The most popular neighborhood in Miami is Little Havana, where there are 35 listings with an average rent of $2,516. Next up is Allapattah, where apartments go for $2,623/month, followed by Upper East Side with $2,714 If you’re looking to rent in Miami’s most popular neighborhoods, make sure to also check out Brickell, where renters pay $3,662 on average, and Midtown - Edgewater, where the average monthly rent is $3,419.
Miami | Rent Comparison by Neighborhood
Rent in Allapattah is 11% higher than in Blue Lagoon Area
$2,623
Allapattah rent is 4% lower than Miami average
Average Rent
$2,623
$2,354
Blue Lagoon Area rent is 14% lower than Miami average
Average Rent
$2,354
How Miami Compares to Other Cities
| State | Average Rent |
|---|---|
| Miami | $2,733 |
| Jacksonville | $1,493 |
| Tampa | $2,037 |
| Cape Coral | $1,864 |
| Kissimmee | $1,815 |
| Orlando | $1,834 |
| Fort Lauderdale | $2,751 |
| Fort Myers | $1,807 |
| West Palm Beach | $2,410 |
| Lakeland | $1,538 |
| St. Petersburg | $2,084 |
| Miami Beach | $3,271 |
| Hialeah, FL | $2,211 |
| Hollywood, FL | $2,154 |
| Coral Gables, FL | $4,032 |
| Doral, FL | $2,858 |
| Homestead, FL | $2,005 |
| Miami Gardens, FL | $2,006 |
| North Miami Beach, FL | $2,603 |
| Plantation, FL | $2,493 |
| Miramar, FL | $2,693 |
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 $215.8. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Miami
Moda North Bay Village
8000 West Drive, North Bay Village, FL 33141| STUDIO | $2,032+ |
| 1 BED | $2,633+ |
| 2 BEDS | $3,870+ |
