Updated 5+ Days Ago
Location
550 Michigan Ave #2, Miami Beach, FL 33139, USA|Flamingo - Lummus
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Property Overview
Located near a top-rated elementary school and ranking in the 72.27th percentile for value for money in the area, this home offers a strong mix of convenience and relative affordability. Its location in Miami Beach adds to its appeal for those prioritizing access to nearby amenities and neighborhood value.
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
Social life
Eco living
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 Sep 12 2026.
Flamingo - Lummus
Miami Beach
| Month | Median Rent |
|---|---|
| September 2024 | $4,000 |
| 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 |
| August 2026 | $4,500 |
| September 2026 | $4,500 |
| Month | Median Rent |
|---|---|
| September 2024 | $3,000 |
| 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 |
| August 2026 | $3,020 |
| September 2026 | $3,100 |
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
10/10
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
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 550 Michigan Ave #2, Miami Beach
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
9/10
Exceptional variety of shops within a few minutes’ walk
Cafes
9/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
10/10
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
10/10
Exceptional variety of bars right within a few minutes’ walk
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