Average Rent in Miami, FL and Rent Price Trends

Rent price trends in
Miami, FL

Rent price trends

Rent prices for all bedroom counts and property types in Miami, FL have remained the same in the last month and have decreased by 8% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Miami, FL
The monthly rent for an apartment in Miami, FL is $2,555. A 1-bedroom apartment in Miami, FL costs about $2,250 on average, while a 2-bedroom apartment is $2,831. Houses for rent in Miami, FL are more expensive, with an average monthly cost of $3,400.


1 bedroom	$2,539	No Change	5%
2 bedroom	$3,021	1%	5%
3 bedroom	$3,800	1%	7%
4 bedroom	$5,000	No Change	20%
Studio	$2,200	No Change	2%

		Comparables
Brickell	$4,150
Coral Way	$3,000
Downtown Miami	$3,609
East Little Havana	$2,150
Edgewater	$4,625
Little Haiti	$2,670
Media And Entertainment District	$3,500
Park West	$4,500
West Little Havana	$2,400
Wynwood	$3,350


Apartments	$2,555	2%	No Change
Condos	$3,200	1%	No Change
Houses	$3,400	2%	No Change
Rooms	$1,227	1%	No Change

Studio

Average rent

$2,200

Last 30 days

No Change

Last year

1 bedroom

Average rent

$2,539

Last 30 days

No Change

Last year

2 bedroom

Average rent

$3,021

Last 30 days

Last year

3 bedroom

Average rent

$3,800

Last 30 days

Last year

4 bedroom

Average rent

$5,000

Last 30 days

No Change

Last year

20%

The table above reflects average rent prices in Miami, FL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Miami, FL to other cities

Median rent prices in Miami, FL for all bedroom counts and property types compared to Aventura, FL.

Miami

Median rent price$3,000

54%

higher than the national median

Median rent price$3,400

75%

higher than the national median

Takeaway

The median rent for all rentals in Miami, FL is 12% lower than the median rent in Aventura, FL.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Aventura

$3,400

15%

Last year

Coral Gables

$3,550

34%

Last year

Doral

$3,200

Last year

Hialeah

$2,350

Last year

Ives Estates

$2,700

Last year

Kendall

$3,000

Last year

Miami Beach

$3,003

30%

Last year

Miami Gardens

$2,650

Last year

Miami Shores

$3,800

10%

Last year

North Miami Beach

$2,200

13%

Last year

North Miami

$2,332

Last year

Sunny Isles Beach

$5,000

32%

Last year

Cost of living in
Miami, FL

The overall cost of living in Miami, FL is 21% higher than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.