Last updated
Average Rent in Miami, FL & Rent Trends
Rent prices and market trends across 26 apartment communities in Miami, FL. Updated daily.
Market Average
$3,721/mo
▲ +4.6% from last month
Lowest Available
$925/mo
cheapest unit on market
Communities
26
tracked daily
Units Listed
176
available now
Rent by Neighborhood in Miami, FL
Compare average rent across Miami, FL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Downtown Miami | $4,269 | $3,100 | 2 | 28 |
| Brickell | $3,971 | $2,392 | 2 | 87 |
| Upper East Side | $3,613 | $2,700 | 1 | 10 |
| Courtly Manor | $3,602 | $2,399 | 1 | 54 |
| Miami 33130 | $3,537 | $2,275 | 9 | 112 |
| Little Havana | $3,221 | $1,900 | 4 | 33 |
| Miami 33128 | $3,086 | $1,739 | 3 | 110 |
Is Rent Going Up or Down in Miami, FL?
As of July 2026, the average rent in Miami, FL is $3,721 per month across 26 apartment communities and 176 available units. Rents have increased $142 (4.6%) over the past month.
The most affordable option is Valencia Pointe Apartments starting at $925/mo. By unit type, a 2-bedroom averages $3,721/mo.
Prices range from $925 to $7,952 per month. The most common price point is the $2,600 range, where 33 units are currently listed.
Miami, FL Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Miami, FL
Rent Prices by Apartment in Miami, FL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Valencia Pointe Apartments | $925/mo | $1,339/mo | 2 | 4.6 |
| Bay Winds | $1,749/mo | $1,749/mo | 1 | 4.3 |
| The Corridor Apartments | $2,220/mo | $2,220/mo | 1 | 3.9 |
| Windsor Biscayne Shores Apartments | $2,594/mo | $2,635/mo | 12 | 4.5 |
| Park Place By the Bay | $2,606/mo | $2,698/mo | 20 | 4.1 |
| 850 Living | $2,672/mo | $2,808/mo | 3 | 4.1 |
| The Vibe Miami | $2,814/mo | $2,985/mo | 8 | 4.2 |
Google Search Trends for Miami, FL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Miami, FL
What is the average rent in Miami, FL?
Is rent going up or down in Miami, FL?
What is the cheapest apartment in Miami, FL?
How many apartments are available in Miami, FL?
What salary do I need to live comfortably in Miami, FL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$149,000/year
Based on the 30 percent rule, using our tracked average rent of $3,721/mo.
Comfortable income
$179,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($925/mo), you need to earn at least $37,000/year.
Median household income in Miami, FL is $59,390 , about 67% below the comfortable-living threshold.
Cost of living in Miami, FL
Overall prices in Miami, FL runs above the national average by about 12% (BEA Regional Price Parity index 112.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Miami, FL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,721 |
| Utilities | $673 |
| Groceries | $550 |
| Transportation | $1,605 |
| Healthcare | $783 |
| Other goods and services | $1,253 |
| Estimated total | $8,586/mo |
Population
446,663
Median household income
$59,390
Census median rent
$1,657/mo
Rent as % of income
36.3%
Median age
39.7
Mean commute
27 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Miami, FL Apartments
Browse all 26 communities with daily-updated pricing and availability.