Last updated
Average Rent in Miami, FL & Rent Trends
Rent prices and market trends across 19 apartment communities in Miami, FL. Updated daily.
Market Average
$2,487/mo
▼ 3.9% from last month
Lowest Available
$1,739/mo
cheapest unit on market
Communities
19
tracked daily
Units Listed
110
available now
Price Cuts This Week in Miami, FL
155 listed units across 14 buildings offering studio units in Miami, FL dropped their asking rent in the past 7 days, an average cut of $154/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Muze at Met Apartments | Unit PH1 | $10,019 | $8,644 | $1,375 |
| Flow Brickell | Unit 52 | $6,029 | $4,852 | $1,177 |
| Muze at Met Apartments | Unit 3210 | $6,655 | $5,742 | $913 |
| Muze at Met Apartments | Unit 2110 | $6,632 | $5,722 | $910 |
| Muze at Met Apartments | Unit 2310 | $6,603 | $5,697 | $906 |
| Muze at Met Apartments | Unit 2410 | $6,603 | $5,697 | $906 |
| Muze at Met Apartments | Unit 2610 | $6,603 | $5,697 | $906 |
| Muze at Met Apartments | Unit 1610 | $6,568 | $5,666 | $902 |
Rent by Neighborhood in Miami, FL
Compare average rent across Miami, FL neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Downtown Miami | $3,926 | ▼ $673 | $2,630 | 2 | 26 |
| Miami 33181 | $3,837 | ▲ $235 | $2,349 | 1 | 43 |
| Brickell | $3,785 | ▼ $64 | $2,367 | 2 | 85 |
| Upper East Side | $3,407 | ▼ $283 | $2,616 | 1 | 21 |
| Miami 33130 | $3,267 | ▼ $98 | $2,196 | 10 | 149 |
| Miami 33128 | $3,252 | ▲ $75 | $1,739 | 3 | 98 |
| Little Havana | $3,154 | ▲ $498 | $1,900 | 4 | 45 |
Is Rent Going Up or Down in Miami, FL?
As of August 2026, the average rent in Miami, FL is $2,487 per month across 19 apartment communities and 110 available units. Rents have decreased $130 (3.9%) over the past month.
The most affordable option is Grand Station starting at $1,739/mo. By unit type, a studio averages $2,487/mo.
Prices range from $1,739 to $3,984 per month. The most common price point is the $2,200 range, where 35 units are currently listed.
Miami, FL Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| April 2026 | $3,460 | - | 12 |
| May 2026 | $3,335 | -$125 | 14 |
| June 2026 | $3,348 | +$13 | 16 |
| July 2026 | $3,375 | +$27 | 19 |
| August 2026 | $3,324 | -$51 | 19 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Miami, FL
Rent Prices by Apartment in Miami, FL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Grand Station | $1,739/mo | $2,119/mo | 5 | 4 |
| Soleste Spring Garden | $1,950/mo | $2,104/mo | 5 | 4.9 |
| Arte Grand Central | $2,031/mo | $2,220/mo | 9 | 4.6 |
| Atlantic Square | $2,080/mo | $2,233/mo | 3 | 4.3 |
| 850 Living | $2,094/mo | $2,094/mo | 1 | 4.1 |
| ParkLine Miami | $2,120/mo | $2,327/mo | 27 | 3.8 |
| Lantower River Landing | $2,268/mo | $2,335/mo | 5 | 4.4 |
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
$99,000/year
Based on the 30 percent rule, using our tracked average rent of $2,487/mo.
Comfortable income
$119,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,739/mo), you need to earn at least $70,000/year.
Median household income in Miami, FL is $59,390 , about 50% 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) | $2,487 |
| Utilities | $673 |
| Groceries | $550 |
| Transportation | $1,605 |
| Healthcare | $783 |
| Other goods and services | $1,253 |
| Estimated total | $7,352/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.
Google Search Trends for Miami, FL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Miami, FL Apartments
Browse all 19 communities with daily-updated pricing and availability.