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Miami Neighborhood Rent Prices Mapped This Spring 2017

Tied with Honolulu, Miami was the 9th most expensive rental market in the nation this month. The price of one bedroom units remained flat at $1,800, while two bedrooms grew a slight 0.4% to $2,510. Since this time last year, rent for both bedroom types are down over 4%.

Miami_MonthlyPriceMedianMap_Spring2017

Nautilus and Flagami had some of the fastest growing rents this quarter, both up over 7%.

Park West ($2,350), Brickell ($2,100), and Wynwood ($2,090) were the most expensive neighborhoods to rent in Miami this spring. Moving away from the water, more affordable rentals priced at around $1,200 could be found in Melrose Heights, Essex Village, and Miami Shores.

In Miami Beach, the priciest areas were City Center ($2,300), and South Pointe ($2,200), and Oceanfront ($2,000).

If you’re interested in how Miami’s rents compare with the rest of the nation’s, check out Zumper’s May National Rent Report, which analyzes over 1 million active listings available in the prior month.

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