Edwards Apartments
953 Collins Ave,
Miami Beach, FL 33139
$1,800 - $1,900
Studio - 1 Bed
Rental Market Trends in Miami Beach, FL
What is the average rent in Miami Beach, FL?
$2,070/month
Average Rent
610 Sq Ft
Average Apartment Size
-1.7%
Decrease in the Last Year
As of January 2026, the average rent in Miami Beach, FL is $2,070 per month. This is 27% higher than the national average rent price of $1,624/month, making Miami Beach one of the most expensive cities in the US. When you rent an apartment in Miami Beach, you can expect to pay about $1,444 per month for a studio, $2,070 for a one-bedroom apartment, and around $3,244 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $6,007 or more.
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 Beach, FL?
In the past year, rent has decreased by 1.7%, which averages out to $34 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Miami Beach, FL
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
7%
$700 - $1,000/month
34%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
24%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Miami Beach?
Based on current rent prices, Isle of Normandy Miami View, Normandy Shores and Biscayne Beach are the most affordable neighborhoods in Miami Beach.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Miami Beach?
Based on current rent prices, Miami Beach Boardwalk, Bayshore and Oceanfront are the most expensive neighborhoods in Miami Beach.
Neighborhood
Average Rent
Average Sq Ft
Which Miami Beach neighborhoods have the most rentals available?
The neighborhoods in Miami Beach with the most apartments available are South Beach, North Beach and Mid-Beach .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Miami Beach, FL?
Because the average rent in Miami Beach is $2,070, you’ll want to make about $6,900 per month or $82,800 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.
How does Miami Beach, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Miami Beach, 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
-
$1,343/month
One Bedroom
-
$1,358/month
Two Bedroom
-
$1,802/month
Three Bedroom
-
-
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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 November 2025.
* Percentages may not total 100 due to rounding.