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One-time.
One-time. Refundable.

Property Status: Active Freshly painted studio in a prime Miami Beach location, just steps from the beach and within walking distance to restaurants, shops, and everyday conveniences. This bright and spacious unit features abundant natural light, a functional layout, and a comfortable living area ideal for relaxing or entertaining. Located in a well-maintained building in a desirable neighborhood, offering easy access to Normandy Isle, the beach, and major roadways. A great opportunity to live near the ocean while enjoying comfort, convenience, and value. Easy to show and quick approval. Office Phone: (786) 462-6766 Copyright © 2026 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
How 7124 Bay Drive, Miami Beach, FL 33141, USA compares to other nearby properties.
Positives
| Neighborhood | Normandy Isles |
|---|---|
| Zip code | 33141 |
| Type | House for rent |
studio apartments at 7124 Bay Dr #4 cost about 15% less than the average rent price for studio apartments in Miami Beach.
| Month | Median Rent |
|---|---|
| February 2024 | $2,000 |
| March 2024 | $2,000 |
| April 2024 | $2,064 |
| May 2024 | $2,033 |
| June 2024 | $1,999 |
| July 2024 | $1,950 |
| August 2024 | $1,900 |
| September 2024 | $1,900 |
| October 2024 | $1,887 |
| November 2024 | $1,930 |
| December 2024 | $1,950 |
| January 2025 | $1,900 |
| February 2025 | $1,868 |
| March 2025 | $1,960 |
| April 2025 | $1,925 |
| May 2025 | $1,978 |
| June 2025 | $1,987 |
| July 2025 | $1,955 |
| August 2025 | $1,942 |
| September 2025 | $1,914 |
| October 2025 | $1,900 |
| November 2025 | $1,940 |
| December 2025 | $1,937 |
| January 2026 | $1,950 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,600 |
| March 2024 | $1,625 |
| April 2024 | $1,662 |
| May 2024 | $1,741 |
| June 2024 | $1,775 |
| July 2024 | $1,675 |
| August 2024 | $1,690 |
| September 2024 | $1,643 |
| October 2024 | $1,637 |
| November 2024 | $1,590 |
| December 2024 | $1,600 |
| January 2025 | $1,600 |
| February 2025 | $1,600 |
| March 2025 | $1,620 |
| April 2025 | $1,782 |
| May 2025 | $2,194 |
| June 2025 | $1,631 |
| July 2025 | $1,600 |
| August 2025 | $1,600 |
| September 2025 | $1,635 |
| October 2025 | $1,650 |
| November 2025 | $1,644 |
| December 2025 | $1,787 |
| January 2026 | $1,740 |
Can I afford to live at 7124 Bay Dr #4?
Bedrooms
StudioRent-to-income ratio
30%
$56,000/yr
| Bath | |||||
|---|---|---|---|---|---|
| 1 year ago | $1,549 | 1 bed | 1 bath | ||
| 1 year ago | $1,699 | 1 bed | 1 bath | ||
| 1 year ago | $1,699 | 1 bed | 1 bath | ||
| 1 year ago | $1,499 | Studio | 1 bath | ||
| 4 years ago | $1,300 | 1 bed | 1 bath | ||
| 4 years ago | $1,200 | 1 bed | 1 bath | ||
| 4 years ago | $1,000 | Studio | 1 bath | ||
| 4 years ago | $1,000 | Studio | 1 bath | ||
| 5 years ago | $1,100 | 1 bed | 1 bath |
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Occupied
Studio
1 Bath
$1,000
Occupied
Studio
1 Bath
$1,100
Occupied
1 Bed
1 Bath
$1,100
Occupied
1 Bed
1 Bath
$1,200
Air Conditioning