Miami, FL Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Miami is $2,710, a 0.05% decrease compared to the previous year, when the average rent was $2,712.
Studio Apartments at $2,042 offer the most budget-friendly option with 471 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 730 square feet for $2,389, balancing privacy and affordability.
Two-beedroom units at $2,953 offer 1,042 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,317 sq ft) for $3,609, suitable for larger households.
Average rent in Miami, FL
Last updated: February 18, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,710 | 892 sq. ft. |
| Studio | $2,042 | 471 sq. ft. |
| 1 Bed | $2,389 | 730 sq. ft. |
| 2 Beds | $2,953 | 1,042 sq. ft. |
| 3 Beds | $3,609 | 1,317 sq. ft. |
Miami, FL rent trends
Rental prices in Miami, FL have decreased by 0.05% over the past year. The average rent moved from $2,712 to $2,710.
What's the typical rent budget in Miami, FL?
The largest share of rentals in Miami, FL (29%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Miami, FL?
131,801 or 69% of the households in Miami, FL are renter-occupied while 58,481 or 31% are owner-occupied.
Most affordable neighborhoods in Miami?
Palmetto Country Club Estates $1,611/month
Northeast Coconut Grove $1,613/month
Miami Springs $1,791/month
All of these neighborhoods fall below the city wide average of $2,710/month.Most expensive neighborhoods in Miami?
Midtown - Edgewater $3,396/month
Wynwood $3,438/month
Brickell $3,585/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Miami, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brickell | $3,585 |
| Wynwood | $3,438 |
| Midtown - Edgewater | $3,396 |
| Downtown Miami | $3,268 |
| Silver Bluff | $3,221 |
| Miami Media And Entertainment District | $2,919 |
| Zanzuri - Dadeland North | $2,878 |
| North Bay Village | $2,873 |
| Sweetwater | $2,803 |
| Palmetto - Kendal Heights | $2,767 |
| Upper East Side | $2,704 |
| Byrwood | $2,635 |
| Overtown | $2,576 |
| Allapattah | $2,570 |
| Little Havana | $2,538 |
| The Roads | $2,505 |
| Kendall Commons | $2,485 |
| Downtown Dadeland | $2,395 |
| Wellington Point | $2,390 |
| Blue Lagoon Area | $2,381 |
| Southwest Coconut Grove | $2,365 |
| Wild Lime At The Hammocks | $2,197 |
| Kings Meadow - Parkside Glen | $2,169 |
| Grapeland Heights | $2,147 |
| Flagami | $2,097 |
| Olympic | $2,092 |
| Tree Top | $2,070 |
| Coral Park Estates | $2,061 |
| Richardson Kellett - Coral Haven | $2,052 |
| Kendale Lakes Center | $1,884 |
| Little Haiti | $1,841 |
| Miami Springs | $1,791 |
| Northeast Coconut Grove | $1,613 |
| Palmetto Country Club Estates | $1,611 |
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Miami | Rent Comparison by Neighborhood
Rent in Allapattah is 8% higher than in Blue Lagoon Area
$2,570
Allapattah rent is 5% lower than Miami average
Average Rent
$2,570
$2,381
Blue Lagoon Area rent is 12% lower than Miami average
Average Rent
$2,381
How Miami Compares to Other Cities
| City | Average Rent |
|---|---|
| Miami | $2,710 |
| Jacksonville | $1,489 |
| Cape Coral | $1,691 |
| Kissimmee | $1,813 |
| Tampa | $1,997 |
| Fort Myers | $1,741 |
| North Port | $1,715 |
| Lakeland | $1,507 |
| Orlando | $1,793 |
| Port St. Lucie | $2,146 |
| St. Petersburg | $2,007 |
| Hollywood | $2,198 |
| Hialeah | $2,185 |
| Homestead, FL | $1,979 |
| Plantation, FL | $2,512 |
| Miami Beach, FL | $3,312 |
| Sunrise, FL | $2,349 |
| Miramar, FL | $2,573 |
| North Miami, FL | $2,411 |
| Doral, FL | $2,819 |
| Miami Gardens, FL | $1,966 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Miami apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.