Beautiful waterfront views are stunning at Lakes of Avalon in Miami, Florida.
The Miami skyline on a cloudy day
The historic Vizcaya Museum and Gardens is located in the Coconut Grove neighborhood
Miami's fairways and greens.
Residents of the Country Club of Miami Estates neighborhood hitting the Tee time.

Miami, FL

Area Guide

Avg Rent

$2,232

Population

443,741

Renter Mix

72% Rent

There’s only one Magic City

Vibrant Diverse Tropical

Miami earns its nickname, the Magic City, with a skyline that rivals the country's biggest metros, beaches just minutes from downtown, and neighborhoods that feel like a world of their own. Wynwood draws visitors and locals alike with its sprawling outdoor murals and gallery scene, while Brickell hums with a financial district energy and easy Metromover access. Little Havana pulses with Latin culture and Coconut Grove offers a laid-back alternative near the waterfront. Bayfront Park and the Pérez Art Museum Miami give residents plenty of green space and attractions without ever leaving the city.

The rental landscape reflects Miami's wide range of lifestyles. Sleek high-rise apartment communities in Brickell and Downtown sit alongside Mediterranean-style rentals in Coconut Grove and colorful townhomes throughout Little Havana.

Florida International University and the University of Miami both call the area home, adding an energy to the city's already lively atmosphere. Miami also serves as the busiest cruise port in the world — a distinction that speaks to its deep connection with global culture and commerce, making it one of the most internationally connected places to live in the entire country.

Explore the City

The historic Vizcaya Museum and Gardens is located in the Coconut Grove neighborhood

Miami's fairways and greens.

A pedestrian walkway in the Design District

Shopping in the Design District

A scenic view of the Country Lake shoreline.

Sign at entrance to Opa-Locka Executive Airport.

Demographics

Median Household Income

$52,516

Average: $80,519

Education

151,990

Residents Have a Degree

Job Market

236,768

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

41 Years

Largest Age Group

30-39 Years

Approximately 17% of Residents

Under 20

20%

Over 65

18%

Housing Distribution

Miami has more renters than homeowners.

Renters
72%
Non-Renters
28%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
27%
Other Education
73%

Rent Trends

As of May 2026, the average apartment rent in Miami, FL is $2,085 for a studio, $2,230 for one bedroom, $2,812 for two bedrooms, and $3,598 for three bedrooms. Apartment rent in Miami has increased by 0.1% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,230/month
694 Sq Ft
House
$9,481/month
2,065 Sq Ft
Condo
$5,524/month
1,096 Sq Ft
Townhome
$4,820/month
1,568 Sq Ft
See Rental Market Trends in Miami, FL

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 $2,085 - $3,598. You can expect to pay 8.9% more for groceries, 3.3% more for utilities, and 0.4% less for transportation.

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Learn More About Miami

Getting Around

Very Walkable

Walkability

80 / 100

Good Public Transit

Transit

70 / 100

Exceptionally Drivable

Drivability

90 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

Norma Butler Bossard Elementary School

Public

Grades PK-5

954 Students

Coral Park Elementary School

Public

Grades PK-5

674 Students

Calusa Elementary School

Public

Grades PK-5

671 Students

Kendale Lakes Elementary School

Public

Grades PK-5

669 Students

Herbert A. Ammons Middle School

Public

Grades 6-8

1,018 Students

Mater Academy Biscayne Middle School

Public

Grades 6-8

646 Students

Pinecrest Academy (North Campus)

Public

Grades K-8

448 Students

Archimedean Middle Conservatory

Public

Grades 6-8

337 Students

Terra Environmental Research Institute

Public

Grades 9-12

1,634 Students

Archimedean Upper Conservatory Charter School

Public

Grades 9-12

319 Students

School For Advanced Studies - South

Public

Grades 9-12

300 Students

School For Advanced Studies-Wolfson

Public

Grades 9-12

134 Students

School For Advanced Studies North

Public

Grades 9-12

121 Students

Points of Interest

Parks and Recreation

  • Miami Science Museum - Closed
  • Vizcaya Museum and Gardens
  • Miami Children's Museum
  • Jungle Island
  • The Barnacle Historic State Park

Airports

  • Miami International
  • Fort Lauderdale/Hollywood International

Top Apartments in Miami

Houses for Rent in Miami

Property Management Companies in Miami, FL

Living in Miami

History

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Miami's past comes alive through Art Deco architecture that still defines South Beach, where pastel-colored buildings from the 1920s and '30s now house restaurants, hotels, and shops. The city earned its nickname "Magic City" because of how quickly it grew after the arrival of the railroad in 1896. Today, renters can explore that heritage at Vizcaya Museum and Gardens, a stunning 1916 Italian villa with waterfront views across Biscayne Bay. The Pérez Art Museum Miami showcases the city's evolution as an international cultural hub, while neighborhoods like Little Havana preserve the stories of Cuban immigrants who transformed Miami into a Latin American capital. The Miami Design District, once a pineapple plantation and later a furniture hub, has been reinvented but still retains traces of its mid-century warehouses alongside contemporary boutiques.

Restaurants

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Miami's food scene is as bold and diverse as the city itself, shaped by the rich culture of its residents. Cuban cuisine takes center stage in the legendary Little Havana neighborhood, where the aroma of slow-roasted lechon drifts along Calle Ocho. The neighborhood's annual Calle Ocho Festival celebrates Latin culture with live music, dancing, and a sprawling spread of Cuban, Colombian, Peruvian, Venezuelan, and other Latin American dishes.

Miami's coastal location also means exceptional seafood is never far away, with stone crab claws taking the spotlight each season. The Design District, Brickell, and Wynwood neighborhoods have emerged as hotspots for internationally inspired dining, offering everything from Japanese, Korean, to Italian cuisine.

Transportation

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Most Miami residents rely on a car to get around. Thanks to the city's sprawling layout and stretched neighborhoods, driving is the most practical option for daily life. The main highways serving the area include I-95, which runs north-south and connects Miami to Fort Lauderdale and beyond, I-395, which links Downtown Miami to Miami Beach, and the Dolphin Expressway, which provides an east-west corridor toward Miami International Airport.

For those who prefer not to drive, Miami offers several public transit options. The Metromover is a free automated rail system that loops through Downtown Miami and Brickell. The Metrorail provides a broader rail connection linking the airport, the Health District, and other major areas throughout Miami-Dade County. Metrobuses fill in the gaps across the wider metro area. Cycling infrastructure has grown in recent years, with the city expanding its network of bike lanes, and the Citi Bike Miami bike-sharing program. Sidewalks are generally maintained in urban areas, though walkability can vary depending on the neighborhood.

Parks

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Miami's warm, sunny climate makes its parks some of the most enjoyable in the country. Bayfront Park is a downtown gem situated along the shores of Biscayne Bay, offering waterfront views, open lawns, an amphitheater, and a fitness course. Nearby, Maurice A. Ferré Park serves as a cultural and recreational hub, home to the Pérez Art Museum Miami and the Frost Museum of Science.

Fairchild Tropical Botanical Garden is a must-visit destination featuring stunning collections of rare tropical plants, palms, and flowering trees spread across 83 acres. Also worth exploring is Vizcaya Museum and Gardens, where European-inspired gardens surround a historic waterfront estate.

Cost

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Miami's overall cost of living is 20% higher than the national average, driven largely by housing costs, which run 57.3% above the national average. The average rent in Miami is $2,212. Studio apartments average $2,088 per month, one-bedrooms average $2,212, two-bedrooms average $2,819, and three-bedrooms average $3,589. Rent prices have decreased by 0.5% over the last year. Renters can expect to pay 8.9% more for groceries, 3.3% more for utilities, and 0.4% less for transportation. The price of healthcare is lower than the national average by 17.1%.

Shopping

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Bayside Marketplace is an open-air mall along Biscayne Bay that has been a staple of Miami's retail landscape for decades. The Miami Design District draws shoppers with high-end boutiques, while Brickell City Centre delivers a retail experience in the heart of Miami's financial hub. In Coconut Grove, CocoWalk offers a more laid-back shopping atmosphere, and the Shops at Merrick Park in nearby Coral Gables rounds out the city's luxury retail options.

Calle Ocho in Little Havana is lined with shops reflecting the area's deep Latin American heritage. The Wynwood Arts District, known for its famous street murals, has grown into a thriving shopping destination where creative vendors set up alongside the neighborhood's vibrant art scene. Miami also hosts a number of outdoor markets, including the Coconut Grove Arts Festival, and various weekend markets throughout the year that showcase local makers and fresh produce.

Highlights

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Known as the Magic City, Miami is one of Florida's most iconic destinations, boasting the third-tallest skyline in the country. As a major hub for finance, commerce, and international trade, Miami carries serious economic weight. The city's neighborhoods each bring something different to the table, from the art walls of Wynwood and the financial corridors of Brickell to the Latin culture of Little Havana and the laid-back atmosphere of Coconut Grove.

Beyond its skyline and economy, Miami delivers when it comes to lifestyle. World-class attractions like the Pérez Art Museum Miami, the Phillip & Patricia Frost Museum of Science, and Vizcaya Museum and Gardens sit alongside beloved sports venues for the MLB Marlins, NBA Heat, and NFL Dolphins. Easy access to stunning beaches, a thriving dining scene, and year-round sunshine make Miami a place that's hard to rival anywhere in the country.

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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 February 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.