Apartments for Rent in Overtown, Miami, FL

Overtown, Miami apartment availability

Overtown's rental market offers a strong selection of listings, with an average of 202 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and studio apartments, with a smaller number of 3-bedroom units. Many Overtown apartments offer desirable amenities, including in-unit laundry, air conditioning, and outdoor spaces, which are available in approximately 45%, 42%, and 38% of rentals, respectively. This variety of options and amenities makes Overtown a viable choice for renters seeking a convenient and comfortable living experience in Miami.

Overtown, Miami rental market trends

Overtown, Miami's rental market experienced a decline in 2024, with average monthly rents decreasing by 9.3% to $2,362. Broken down by bed count, 1-bedrooms averaged $2,065, a 6.6% decrease from the previous year, while 2-bedrooms averaged $2,909, a 12.6% decline. Studios saw a 5.2% decrease, with average rents at $2,002.

The summer months tend to see the highest demand and prices in Overtown, with June typically being the most expensive month. Rents in June are 19.2% higher compared to November, the month with the lowest average rent. If you're looking for a new apartment, November may be a good time to find a deal. However, if you're looking for a specific type of apartment, be prepared for more competition during the summer months.

Keep in mind that the rental market can fluctuate, and prices may vary depending on the specific location, amenities, and time of year.

Why Overtown, Miami is a great place to live

We've analyzed data from the last few years to understand what makes Overtown, Miami, an attractive neighborhood for renters. Our findings suggest that Overtown is an excellent fit for individuals prioritizing fitness and wellness, as well as those seeking an active social life.

The prevalence of onsite gym equipment, fitness centers, and sports facilities make it easy to maintain a healthy lifestyle. Additionally, access to parks and recreation areas, health and wellness events, and the use of low VOC materials in buildings contribute to a wellness-focused environment. For those who value socializing, Overtown's vibrant street infrastructure, variety of restaurants, and convenient transit options create a lively atmosphere. With a strong emphasis on safety, Overtown is an ideal neighborhood for renters looking to balance their love of fitness and socializing.