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Rental market trends in Miami, FL

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Average Rent in Miami, FL

Avg. RentAnnual Change
Studio - $2,630+10%
1 Bed - $2,988-2%
2 Beds - $3,908+8%
Last updated 3/22/2023

Average Apartment Cost in Miami, FL

The average rent for apartments in Miami, FL, is between $2,630 and $3,908 in 2023. For a studio apartment in Miami, FL, the average rent is $2,630. When it comes to 1-bedroom apartments, the average rent in Miami, FL, is $2,988. For a 2-bedroom apartment, the average rent is $3,908.

Apartment Rent Ranges in Miami, FL

Apartment Prices

Neighborhood Apartment Rent Trends in Miami, FL

NeighborhoodStudio Avg RentAnnual Change
Miami Urban Acres$3,925+9%
Park West$3,195--
Coral Way$2,995+5%
Golden Pines$2,820+27%
West Brickell$2,691--
Miami Financial District$2,575--

How Other Cities Compare to Miami, FL

CityStudio Avg RentAnnual Change
Boca Raton$2,484-26%
Sunny Isles Beach$2,400--
Fort Lauderdale$2,350-7%
Miami Beach$2,046-18%
Hallandale Beach$1,700--

Miami, FL Rent Trends

Neighborhood Information for Miami, FL

What are the most affordable neighborhoods in Miami, FL?

The most affordable neighborhoods in Miami are West Kendall, where the average 1-bedroom apartment rent goes for $1,300, Santa Clara, where renters pay $1,550 on average for a 1-bedroom apartment, and Allapattah, where the average 1-bedroom apartment rent goes for $1,550. If you're looking for other great deals, check out the listings in Little Haiti ($1,550 for a 1-bedroom apartment) or Little River ($1,565 for a 1-bedroom apartment), compared to the $2,988 average for a Miami 1-bedroom apartment.