Coming ahead of Seattle, Honolulu, and San Diego, Miami ranked as the 9th most expensive city to rent in the nation this month. One bedroom units were priced at a median of $1,800, while two bedroom units were priced at $2,500.
South Pointe and Village of Key Biscayne had the fastest growing rents this winter, up 8.3% and 6.3%, respectively, since last quarter.
Although Fisher Island continued to rank as the most expensive area to rent, Venetian Islands ($2,600), Village of Key Biscayne ($2,500), and South Pointe ($2,500) were the next priciest neighborhoods.
Areas with mid-range priced rentals, around $1,500, included Nautilus in Miami beach, Biscayne Bay in Coral Gables, and West Little Havana in Miami proper.
If you’re interested in how Miami’s rents compare with the rest of the nation’s, check out Zumper’s February National Rent Report, which analyzes over 1 million active listings available in the prior month.
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