Zumper

121 Ne 5th St
121 Ne 5th St, Miami, FL 33132, USA

Condo for rent
Monthly rent
$2,495–$4,700
BedsStudio–2
Baths1–2
Sqft597–835
modified
5+ Days Ago

Property Overview

Premium amenities such as a fully equipped fitness center and resort-style pool, along with plentiful natural light and quiet wellness spaces, support an active, health-focused lifestyle. An exceptionally rich social and cultural scene is close at hand, with extensive dining options, museums, and walkable, transit-friendly surroundings. Extensive photo coverage and proximity to a highly rated high school add practical appeal and help prospective renters understand the offering in detail.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • High school nearby
  • Images available
  • Package service

Great for

  • Social life
  • Wellness

Highlights

  • New Construction
  • fully equipped fitness center
  • fitness center
  • resort-style pool

Units

121 Ne 5th St Miami, FL

Available

1404

Studio

1 Bath

$2,495

Listed on 03/11/2026
Listed by Marina Deganis
Days on market: 37
Property Status: Active Brand new furnished studio in Downtown Miami located in modern 501 First building, just steps from the Metromover, with easy access to Brickell, Miami Beach, and major highways. This contemporary unit features modern finishes, new appliances with washer and dryer included, and an efficient layout. Enjoy living in a luxury building in the heart of the city, close to restaurants, shopping, and entertainment. Amenities include 75-foot resort-style rooftop pool, state-of-the-art fitness center, yoga/meditation area, sunrise and sunset terraces with city views, greenhouse lounge, co-working spaces, pet lounge with pet-washing station, and more! Perfect for convenient urban living. Office Phone: (786) 252-7212 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

New Listing

601A

Studio

1 Bath

$2,500

Listed on 04/03/2026
Listed by Maria-Pia McLeod
Days on market: 14
Property Status: Active Experience elevated urban living in Unit 601A at the newly completed 501 First Residences. This pristine studio on the 6th floor features floor-to-ceiling glass windows with sweeping views of the Miami. Curated by award-winning Shim Projects, the residence comes fully finished and furnished with custom Italian cabinetry, premium appliances, and elegant Hansgrohe fixtures. Enjoy the convenience of an in-unit washer/dryer and spacious built-out closets. Residents have access to over 20,000 SF of world-class rooftop amenities, including a 75-foot resort-style lap pool, hot hydrotherapy bath, and an outdoor game lawn. Fitness enthusiasts will love the gym and the yoga/meditation sanctuary. Located in the heart of Downtown, steps from Miami Worldcenter, Brightline, and the city's best dining. Office Phone: (954) 309-6441 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Available

801B

Studio

1 Bath

$2,500

Listed on 03/19/2026
Listed by Michael Mann
Days on market: 29
Property Status: Active 501 First Residences brand new modern luxury studio which offers 385 SF of living space, an efficient open floor plan, floor-to-ceiling windows, and a private balcony. Offered fully furnished with blinds and sofa bed, this residence is ideal for anyone looking to live and work in Downtown Miami. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami’s evolving rental landscape. Office Phone: (305) 695-6300 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Available

501B

Studio

1 Bath

$2,900

Listed on 03/14/2026
Listed by Volkan Yetmisbir
Days on market: 34
Property Status: Active Fully furnished studio at 501 First Residences in the heart of Downtown Miami. Enjoy a luxury lifestyle with 5-star hotel-style amenities, including rooftop pool, fitness center, co-working spaces, and upscale common areas. Ideal for short-term or flexible rentals. Contact the listing agent for rental rates and availability. Office Phone: (786) 457-3153 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Available

701A

Studio

1 Bath

$3,000

Listed on 02/24/2026
Listed by Yana Polyanskaya
Days on market: 52
Property Status: Active Beautiful bright furnished studio in the heart of Downtown in a brand newly built 501 First Residences. The building offers wide range of resort amenities: 75 foot resort style pool, HOMAGE fitness center with yoga/meditation space, sunrise terrace, co-working spaces, media room, greenhouse - an urban oasis featuring soothing greenery and plants year-round. Office Phone: (786) 361-7289 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Available

912A

Studio

1 Bath

$3,100

Listed on 03/14/2026
Listed by Volkan Yetmisbir
Days on market: 34
Property Status: Active Fully furnished studio at 501 First Residences in the heart of Downtown Miami. Enjoy a luxury lifestyle with 5-star hotel-style amenities including rooftop pool, fitness center, co-working spaces, and upscale common areas. Ideal for short-term or flexible rentals. Contact listing agent for rental rates and availability. Office Phone: (786) 457-3153 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Available

3609

Studio

1 Bath

$3,500

Listed on 03/14/2026
Listed by Volkan Yetmisbir
Days on market: 34
Property Status: Active Fully furnished studio with ocean views at 501 First Residences in the heart of Downtown Miami. Enjoy luxury 5-star hotel-style amenities including rooftop pool, state-of-the-art fitness center, co-working spaces, and upscale lounges. Ideal for short-term or flexible rentals. Contact listing agent for rental rates and availability. Office Phone: (786) 457-3153 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

New Listing

510

1 Bed

2 Baths

$3,200

Listed on 04/07/2026
Listed by Marcella Reyes
Days on market: 10
Property Status: Active No short-term rentals. $3,200/month, based on a 1-year lease (minimum 6 months). Please note: 501 First Residences is a valet-only building. Residents with vehicles must contract directly with the valet company at an additional cost. Fully furnished 1-bedroom + den, 2-bath residence at the brand-new 501 First Residences. Unit 510 offers 597 SF with views of Biscayne Bay, the Kaseya Center, and the Freedom Tower. Turn-key unit featuring a European-style kitchen with Bosch appliances, private bedroom suite with built-ins, spa-style bath with rain shower, in-unit washer/dryer, and floor-to-ceiling windows with roller shades. Amenities include a rooftop pool, cinema, co-working lounge, and fitness center. Office Phone: (954) 450-2000 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

New Listing

3013

1 Bed

1.5 Baths

$3,500

Listed on 04/04/2026
Listed by Jasmine Cotrich
Days on market: 13
Property Status: Active Luxury living at 501 Residences Miami ! A brand-new development in the heart of Downtown Miami. This residence features modern finishes, floor-to-ceiling windows, and a thoughtfully designed layout ideal for both end users and investors. Short-term rentals allowed, making this an exceptional income-producing opportunity. Building amenities to include resort-style pool, fitness center, and concierge services. Easy to show. Office Phone: (877) 366-2213 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Available

2406

1 Bed

1.5 Baths

$3,500

Listed on 04/01/2026
Listed by Maritza Escudero PA
Days on market: 16
Property Status: Active New Totally Furnished Apartment for rent in Downtown Miami, offering 1 Bedroom, 1.5 Bathrooms, Inside Washer and Dryer, centrally located, walking distance to the waterfront Bayside, Museums, restaurants, the Performing Arts centers, and more major Cultural hubs. Don't miss the opportunity of a high-end urban Living experience. Enjoy luxurious amenities, including a greenhouse oasis and co-working space Office Phone: (561) 501-0055 Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

New Listing

3711

1 Bed

2 Baths

$4,300

Listed on 04/07/2026
Listed by Jorge Luis Cifuentes Mendez
Days on market: 10
Property Status: Active Experience elevated urban living in Unit 3711 at the newly completed 501 First Residences. This pristine 1-bedroom + Den floorplan features 2 full bathrooms, floor-to-ceiling glass windows and a private balcony with sweeping views of the Miami skyline and Biscayne Bay. Curated by award-winning Shim Projects, the residence comes fully finished and furnished with custom Italian cabinetry, premium appliances, and elegant Hansgrohe fixtures. Enjoy the convenience of an in-unit washer/dryer and spacious built-out closets. Residents have access to over 20,000 SF of world-class rooftop amenities, including a 75-foot resort-style lap pool, hot hydrotherapy bath, and an outdoor game lawn. Fitness enthusiasts will love the gym and the yoga/meditation sanctuary. Located in the heart of Downtown, steps from Miami Worldcenter, Brightline, and the city's best dining. Quick approval process. Wi-Fi and 1 valet parking space included. Office Phone: (305) 927-7135 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

New Listing

902

1 Bed

2 Baths

$4,500

Listed on 04/07/2026
Listed by Hiliany Munguia
Days on market: 10
Property Status: Active This move-in ready residence is perfect for immediate occupancy. Whether you’re looking for a short-term stay or a long-term lease, this property offers unmatched versatility with rental-friendly policies. Inside, you’ll find a modern, thoughtfully furnished space with a separate den ideal for a home office or guest area. The layout is bright and functional, making it easy to feel at home from day one. Enjoy premium building amenities including a fully equipped gym, resort-style pool, green room, conference spaces, and private business areas—perfect for both relaxation and productivity. Located in a prime, walkable neighborhood, you’re just steps away from top restaurants, shopping, and entertainment. Unbeatable location — just steps from Brightline, Miami Worldcenter, and the Metromover, making commuting effortless. Walk to Bayside Marketplace, the Pérez Art Museum, Frost Science Museum, and the Kaseya Center for concerts, games, and major events. Surrounded by top dining, shopping, and entertainment, everything you need is right outside your door. Available immediately — just bring your suitcase. Office Phone: (954) 865-9534 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

New Listing

3112

2 Beds

2 Baths

$4,700

Listed on 04/08/2026
Listed by Rosanna Florentino
Days on market: 9
Property Status: Active Brand New Furnished 2BR/2BA at 501 Residences Be the first to live in this brand new, fully furnished 2-bedroom, 2-bath residence at 501 Residences in Downtown Miami. Floor-to-ceiling glass fills the space with natural light and opens to a private balcony. The home features finished flooring throughout, custom Italian cabinetry, European appliances, built-out closets, and modern kitchens and bathrooms with designer fixtures. Residents enjoy premium amenities including a rooftop pool, state-of-the-art fitness center, co-working spaces, lounge areas, and 24-hour concierge. Located in one of Downtown Miami’s most vibrant areas, just steps from the new Apple Store, top restaurants, cafés, and shopping. Minutes from Brickell, Miami Worldcenter, and major transportation. Office Phone: (305) 399-0123 Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities for 121 Ne 5th St

Some units at this address have these amenities. View unit details for more information.

Building
  • Dogs Ok
  • Cats Ok
  • Garage Parking
  • Fitness Center
  • Swimming Pool
  • Residents Lounge
  • Concierge Service
  • Outdoor Space
  • Business Center
  • Elevator
  • Storage
  • Wheelchair Accessible
Unit Amenities
  • Balcony
  • Furnished
  • In-Unit Laundry
  • Dishwasher
  • Assigned Parking
  • Air Conditioning

Policies at 121 Ne 5th St

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Parking

Assigned Parking

Questions about this property’s policies and fees?

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About 121 Ne 5th St

HomeApartments in MiamiDowntown Miami 121 Ne 5th St #3112, Miami, FL 33132, USA

Discover the ultimate urban oasis at 121 NE 5th St, Miami, FL 33132, in the heart of Downtown Miami. This stunning high-rise property features 13 units, offering studio, 1-bedroom, and 2-bedroom options, each approximately 835 square feet. Residents can enjoy top-notch amenities, including a fully equipped fitness center, resort-style pool, co-working spaces, and luxurious finishes. Take in breathtaking city views from the rooftop pool or lounge areas. Additional perks include in-unit washer/dryer, modern appliances, and concierge services. With its central location, this property is perfect for those seeking an urban lifestyle. Plus, its proximity to top-rated schools, including an A-rated elementary and high school, is a major advantage. Currently, there are active units to choose from, offering a range of floor plans to suit your needs.

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Address details

Units15
Units available13
Neighborhood
City
Zip code33132

121 Ne 5th St #3112 is great for:

Social life

  • 707 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • Area has 79 parks and recreation options
  • 226 museums, art galleries, or cultural centers within 1 mile

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • On-site pool or spa
  • This property has patios or balconies for fresh air

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 121 Ne 5th St, Miami, FL 33132, USA compares to other nearby properties.

Positives

High school nearby
There is a high school 0.2 mile away
Images available
There are at least 10 photos of this address
Package service
More secure storage for delivery

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Rent trends in Miami

Studio apartments at 121 Ne 5th St #3112 cost about 10% more than the average rent price for studios in Downtown Miami.

1-bedroom apartments here are priced 27% higher than 1-bedrooms in Downtown Miami.

If you decide to upgrade your space, you can expect 2-bedrooms at 121 Ne 5th St #3112 to be 12% more than the average for similarly sized apartments in Downtown Miami.

Median rents as of Apr 11 2026.
Downtown Miami
Miami
A table of studio rental data trends in Miami
MonthMedian Rent
April 2024$2,200
May 2024$2,093
June 2024$2,139
July 2024$2,100
August 2024$2,136
September 2024$2,175
October 2024$2,112
November 2024$2,253
December 2024$2,265
January 2025$2,125
February 2025$2,000
March 2025$2,033
April 2025$2,037
May 2025$2,126
June 2025$2,193
July 2025$2,158
August 2025$2,140
September 2025$2,121
October 2025$2,099
November 2025$2,104
December 2025$2,052
January 2026$2,013
February 2026$2,006
March 2026$2,077
April 2026$2,175
A table of studio rental data trends in Downtown Miami
MonthMedian Rent
April 2024$2,700
May 2024$2,708
June 2024$2,658
July 2024$2,641
August 2024$2,649
September 2024$2,720
October 2024$2,700
November 2024$2,725
December 2024$2,443
January 2025$2,378
February 2025$2,306
March 2025$2,380
April 2025$2,400
May 2025$2,437
June 2025$2,513
July 2025$2,540
August 2025$2,487
September 2025$2,450
October 2025$2,478
November 2025$2,500
December 2025$2,500
January 2026$2,505
February 2026$2,528
March 2026$2,527
April 2026$2,575

Affordability calculator

Can I afford to live at 121 Ne 5th St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$116,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $116,000 annually to afford this studio median monthly rent price of $2,900.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 121 Ne 5th St, Miami, FL.
This month$3,100Studio1 bath
This month$3,2001 bed1 bath
2 months ago$2,500Studio1 bath
2 months ago$2,500Studio1 bath

Schools near 121 Ne 5th St #3112

Frederick R. Douglass Elementary School

314 nw 12th st

miami, FL, 33136

PK, K-5Public
C

Miami-Dade Virtual High School Franchise

1501 ne 2nd ave

miami, FL, 33132

K-12Public
B

Chapman Partnership North Early Childhood Center

1550 n miami ave

miami, FL, 33136

PKPublic

Miccosukee Indian School

mile marker 70 tamiami trail

miami, FL, 33194

K-12Public

United Way Center for Excellence in Early Education Demonstration School

3250 sw 3rd ave

miami, FL, 33129

PKPublic
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Getting around Miami near 121 Ne 5th St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 121 Ne 5th St, Miami

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

6/10
Several cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

8/10
Several bars within a few minutes’ walk

Explore the area around 121 Ne 5th St

Indian Prem
255 E Flagler St
Publix
601 NW 2nd Ave
ALDI
249 NW 6th St
Whole Foods Market
299 SE 3rd St
Overtown Market LLC
1201 NW 1st Pl

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