Miami World Tower
710 NE 1st Ave,
Miami, FL 33132
$2,530 - $7,080 Total Monthly Price
Studio - 2 Beds
Rental Market Trends in Miami, FL
What is the average rent in Miami, FL?
$2,238/month
Average Rent
694 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
Miami, FL Rental Market Overview
The average rent in Miami, FL is $2,238 per month. This is 36% higher than the national average rent price of $1,644/month, making Miami one of the most expensive cities in the US.
- Studio apartments in Miami average $2,110 per month.
- One-bedroom apartments in Miami average $2,238 per month.
- Two-bedroom apartments in Miami average $2,823 per month.
- Three-bedroom apartments in Miami average $3,606 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Miami, FL?
In the past year, rent has increased by 0.6%, which averages out to $13 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Miami, FL
Last Updated June 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
15%
$700 - $1,000/month
25%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
37%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Miami?
Based on current rent prices, South Miami Heights, Cloverleaf Estates and Liberty City are the most affordable neighborhoods in Miami.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Miami?
Based on current rent prices, Southwest Coconut Grove, Brickell and Bayfront Park are the most expensive neighborhoods in Miami.
Neighborhood
Average Rent
Average Sq Ft
Which Miami neighborhoods have the most rentals available?
The neighborhoods in Miami with the most apartments available are Port of Miami, Downtown Miami and Brickell .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Miami, FL?
Because the average rent in Miami is $2,238, you’ll want to make about $7,460 per month or $89,520 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Miami, FL is 20.0% higher than the national average. Generally, housing in Miami is 57.3% more expensive than the national average, with rent falling between $2,110 - $3,606. You can expect to pay 8.9% more for groceries, 3.3% more for utilities, and 0.4% less for transportation.
How does Miami, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Miami, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,299/month
$2,490/month
One Bedroom
$1,783/month
$2,379/month
Two Bedroom
$1,992/month
$2,246/month
Three Bedroom
$2,417/month
$7,237/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.