Miami was the 8th most expensive city to rent in the U.S. this month, coming ahead of Honolulu, Seattle, and Chicago. The price of one bedroom units rose 2.7% to a median of $1,900, while two bedroom units increased 1.6% to $2,590.
This summer, Fisher Island, at a median of $4,600 for one bedroom units, continued to be the most expensive neighborhood to rent in Miami. Park West ($2,600), Venetian Islands ($2,550), and Village of Key Biscayne ($2,450) were the next priciest areas. Mid ranged priced rentals, ranging from $1,200-$1,500, could be found in and around Melrose Heights, Hammock Oaks, and Normandy Isles.
To see how Miami stacks up against the rest of the U.S., check out Zumper’s July National Rent Report, which analyzes over 1 million active listings available in the prior month.
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