Average Rent in Miami, FL
30 apartment buildings, 481 units. Real asking prices, refreshed daily.
Avg Rent
$3,078/mo
Cheapest
$1,315/mo
Properties
30
Units
481
Analysis
Rent Price Breakdown
Compare pricing across all 30 properties in Miami, FL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Miami, FL Rent Prices
All 30 properties ranked by lowest available rent.
Valencia Pointe Apartments
7755 NW 27th Ave, Miami, FL 33147, USA
Grand Station
240 N Miami Ave, Miami, FL 33128, USA
Legacy Riverwalk
1921 NW N River Dr, Miami, FL 33125, USA
Arte Grand Central
218 NW 8th St, Miami, FL 33136, USA
Soleste Spring Garden
1005 Spring Garden Rd, Miami, FL 33136, USA
Park Place By the Bay
915 NW 1st Ave, Miami, FL 33136, USA
ParkLine Miami
100 NW 6th St, Miami, FL 33136, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Valencia Pointe Apartments 7755 NW 27th Ave, Miami, FL 33147, USA | $1,315 | $1,315 | $2.10 | 4.6 (95) | 2 |
| 2 | Grand Station 240 N Miami Ave, Miami, FL 33128, USA | $1,739 | $2,517 | $3.65 | 4 (213) | 18 |
| 3 | Legacy Riverwalk 1921 NW N River Dr, Miami, FL 33125, USA | $1,900 | $1,900 | -- | 4.4 (73) | 1 |
| 4 | Arte Grand Central 218 NW 8th St, Miami, FL 33136, USA | $1,988 | $2,711 | $4.30 | 4.6 (641) | 33 |
| 5 | Soleste Spring Garden 1005 Spring Garden Rd, Miami, FL 33136, USA | $2,051 | $2,589 | $4.21 | 4.9 (812) | 30 |
| 6 | Park Place By the Bay 915 NW 1st Ave, Miami, FL 33136, USA | $2,066 | $2,631 | $3.25 | 4.1 (240) | 34 |
| 7 | ParkLine Miami 100 NW 6th St, Miami, FL 33136, USA | $2,120 | $2,993 | $3.84 | 3.8 (748) | 124 |
Explore Each Property
Valencia Pointe Apartments
4.6 (95)7755 NW 27th Ave, Miami, FL 33147, USA
Grand Station
4 (213)240 N Miami Ave, Miami, FL 33128, USA
Legacy Riverwalk
4.4 (73)1921 NW N River Dr, Miami, FL 33125, USA
Arte Grand Central
4.6 (641)218 NW 8th St, Miami, FL 33136, USA
Soleste Spring Garden
4.9 (812)1005 Spring Garden Rd, Miami, FL 33136, USA
Park Place By the Bay
4.1 (240)915 NW 1st Ave, Miami, FL 33136, USA
Miami, FL Average Rent Prices 2026
The average rent in Miami, FL is $3,078 per month, based on 481 units across 30 apartment communities. Prices range from $1,315 at Valencia Pointe Apartments to $4,866 at Brickell First Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $2,458/mo | $1,739/mo | 127 |
| 1 Bed | $2,973/mo | $1,315/mo | 194 |
| 2 Bed | $3,488/mo | $2,491/mo | 135 |
| 3 Bed | $4,830/mo | $2,195/mo | 25 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Miami, FL, and what they pay
Tracked one-bedroom rent in Miami, FL averages $2,973/mo, with two-bedroom units averaging $3,488/mo. At the local median household income of $59,390, that works out to 62% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Miami, FL at $1,657/mo. The current tracked market average runs 86% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Miami, FL while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Miami
Demand in the Miami rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- American Airlines
- Royal Caribbean
- Carnival Cruise Line
- Baptist Health South Florida
- University of Miami
Mean one-way commute in Miami, FL is 27 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
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
$123,000/year
30 percent rule -- using our average rent of $3,078/mo.
Comfortable income
$148,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,315/mo), you need to earn at least $53,000/year.
Median household income in Miami, FL is $59,390 , about 60% 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) | $3,078 |
| Utilities | $673 |
| Groceries | $550 |
| Transportation | $1,605 |
| Healthcare | $783 |
| Other goods and services | $1,253 |
| Estimated total | $7,943/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.
Compare
Nearby cities in Florida
How Miami, FL rent compares to other markets in the state.
| City | Avg Rent | vs Miami, FL | Properties |
|---|---|---|---|
| Tampa, FL | $2,835 | -8% | 26 |
| Orlando, FL | $2,087 | -32% | 22 |
| Jacksonville, FL | $1,687 | -45% | 21 |
| Pembroke Pines, FL | $2,674 | -13% | 18 |
| Port ST Lucie, FL | $2,221 | -28% | 17 |
| Hialeah, FL | $3,054 | -1% | 17 |
Frequently asked questions
What is the average rent in Miami, FL?
The average rent in Miami, FL is $3,078 per month, based on 481 units across 30 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Miami, FL?
The lowest available rent in Miami, FL starts at $1,315 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Miami, FL?
1-bedroom apartments in Miami, FL average $2,973/mo. The lowest listed 1-bedroom starts at $1,315/mo across 194 units tracked.
How much is a 2-bedroom apartment in Miami, FL?
2-bedroom apartments in Miami, FL average $3,488/mo. Units start from $2,491/mo across 135 units currently listed.
Rent Trends in Miami, FL
Track how apartment prices are changing over time.
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