Listed 5+ Days Ago
Location
550 Michigan Ave #2, Miami Beach, FL 33139, USA|Flamingo - Lummus
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Property Overview
Located in a highly walkable area with public transit nearby, 550 Michigan Ave #2 offers easy access to 625 restaurants within 1 mile and 66 parks within a mile, supporting an active social and outdoor lifestyle. It also ranks well for value for money and is close to a top-rated elementary school just 0.14 miles away.
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
Elementary school nearby- Less expensive
Great for
Eco living
Social life
Amenities for 550 Michigan Ave #2, Flamingo - Lummus
Features
| 2 Floors |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 550 Michigan Ave #2
Property Status: Active 2/2 available month to month until nov 15 ..Contact for showing request .easy approval Office Phone: (954) 534-0444 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.
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 550 Michigan Ave #2 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
Address details
| Neighborhood | Flamingo - Lummus |
|---|---|
| Zip code | 33139 |
| Type | Condo for rent |
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Rent trends in Flamingo - Lummus
2-bedroom apartments at 550 Michigan Ave #2 cost about 13% more than the average rent price for 2-bedroom apartments in Miami Beach.
Median rents as of Jul 25 2026.
Flamingo - Lummus
Miami Beach
| Month | Median Rent |
|---|---|
| August 2024 | $4,398 |
| September 2024 | $4,175 |
| October 2024 | $3,750 |
| November 2024 | $3,560 |
| December 2024 | $3,700 |
| January 2025 | $3,700 |
| February 2025 | $3,762 |
| March 2025 | $4,155 |
| April 2025 | $4,267 |
| May 2025 | $4,160 |
| June 2025 | $4,200 |
| July 2025 | $4,200 |
| August 2025 | $4,000 |
| September 2025 | $4,084 |
| October 2025 | $4,072 |
| November 2025 | $3,980 |
| December 2025 | $3,862 |
| January 2026 | $3,789 |
| February 2026 | $3,650 |
| March 2026 | $3,812 |
| April 2026 | $4,536 |
| May 2026 | $4,629 |
| June 2026 | $4,766 |
| July 2026 | $4,631 |
| Month | Median Rent |
|---|---|
| August 2024 | $2,995 |
| September 2024 | $2,997 |
| October 2024 | $3,000 |
| November 2024 | $3,000 |
| December 2024 | $3,125 |
| January 2025 | $3,112 |
| February 2025 | $3,000 |
| March 2025 | $3,060 |
| April 2025 | $3,399 |
| May 2025 | $3,030 |
| June 2025 | $3,000 |
| July 2025 | $3,000 |
| August 2025 | $2,995 |
| September 2025 | $2,996 |
| October 2025 | $2,994 |
| November 2025 | $2,959 |
| December 2025 | $2,925 |
| January 2026 | $2,989 |
| February 2026 | $2,957 |
| March 2026 | $2,900 |
| April 2026 | $2,964 |
| May 2026 | $3,080 |
| June 2026 | $3,025 |
| July 2026 | $3,050 |
Affordability calculator
Can I afford to live at 550 Michigan Ave #2?
Bedrooms
2 bedroomsRent-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
$140,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $140,000 annually to afford this 2-bedrooms monthly rent price of $3,500.
For more information on rent affordability, visit our rent calculator.
Schools near 550 Michigan Ave #2
South Pointe Elementary School
1050 4th st
miami beach, FL, 33139
PK, K-5Public
A-
Miccosukee Indian School
mile marker 70 tamiami trail
miami, FL, 33194
K-12Public
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
United Way Center for Excellence in Early Education Demonstration School
3250 sw 3rd ave
miami, FL, 33129
PKPublic
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Internet available near 550 Michigan Ave #2
Getting around Miami Beach near 550 Michigan Ave #2
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 550 Michigan Ave #2, Miami Beach
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
9/10
Exceptional variety of shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
0/10
Closest high school further than a 30-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 550 Michigan Ave #2
Michigan Market Inc
531 Michigan Ave
Allegro Fresh Marketers
1000 5th St
Meridian Food Market
812 6th St
Publix
1100 6th St
Calle 6 Food Market
630 6th St
Naughty Rooster
1019 5th St
Target
1045 5th St
Burlington
1045 5th St
Avenue Plus Inc
1000 5th St
Fashion Market LLC
1000 5th St
Starbucks
1045 5th St
IL Macchiato
418 Meridian Ave
Under the Mango Tree
737 5th St
Cafe Bastille South Beach
538 Washington Ave
Coffee & Crepes Inc
710 Washington Ave
S Beach Nightclub Promotions
1000 5th St
Sophie's Bar LLC
418 Meridian Ave
Minibar
418 Meridian Ave
Orilla Bar & Grill
426 Euclid Ave
Pizzarium Miami Beach
540 Washington Ave
Smart Healthy Foods Inc
544 Michigan Ave
Sciuri LLC
541 Jefferson Ave
The Vitamin Shoppe
1119 5th St
Natural Life Center & Drugless
628 6th St
Eggs Investors LLC
230 5th St
Canopy Park
Washington Park
Marjory Stoneman Douglas Ocean Beach Park
Flamingo Park Playground
Flamingo Park
Yo Le Pongo Sazon LLC
420 Jefferson Ave
Original Restaurants LLC
418 Meridian Ave
Burger King
1100 5th St
Buon Pane Italiano
729 5th St
Orilla Bar & Grill
426 Euclid Ave
5 ST & MICHIGAN AV
DOWNTOWN-AVENTURA MALL VIA MIABEACH
5 ST & MICHIGAN AV
DOWNTOWN-AVENTURA MALL VIA MIABEACH
5 ST & MERIDIAN AV
DOWNTOWN-AVENTURA MALL VIA MIABEACH
6 ST@LENNOX AV
City of Miami Beach - SoBeach B Rte
6th Street / Lenox Ave
South Beach Loop
MiamiCentral
Mainline, Mainline
GOVERNMENT CTR.STAT.RAIL NORTHBOUND
REGULAR METRORAIL SERVICE
GOVERNMENT CTR.STAT.RAIL SOUTHBOUND
REGULAR METRORAIL SERVICE
MiamiCentral Station
Downtown Miami Link
HISTORIC OVERTOWN/LYRIC THEATRE STAT.RAIL NORTHBOUND
REGULAR METRORAIL SERVICE
BAYFRONT PARK METROMOVER STATION
METROMOVER OMNI/BRICKELL OUTER LOOP, METROMOVER INNER LOOP, METROMOVER OMNI/BRICKELL OUTER LOOP
BISCAYNE BD@E FLAGLER ST
METROMOVER INNER LOOP
MUSEUM PARK METROMOVER STATION
METROMOVER OMNI/BRICKELL OUTER LOOP, METROMOVER OMNI/BRICKELL OUTER LOOP
FIRST STREET METROMOVER STATION
METROMOVER OMNI/BRICKELL OUTER LOOP, METROMOVER OMNI/BRICKELL OUTER LOOP, METROMOVER INNER LOOP
COLLEGE / BAYSIDE METROMOVER STATION
METROMOVER OMNI/BRICKELL OUTER LOOP
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