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Rental Market Trends in Miami Beach, FL

What is the average rent in Miami Beach, FL?

$2,002/month

Average Rent

606 Sq Ft

Average Apartment Size

+0.6%

Increase in the Last Year

As of October 2025, the average rent in Miami Beach, FL is $2,002 per month. This is 23% higher than the national average rent price of $1,630/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 $1,439 per month for a studio, $2,002 for a one-bedroom apartment, and around $3,024 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,317 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,439/month
447 Sq Ft
One Bedroom
$2,002/month
606 Sq Ft
Two Bedroom
$3,024/month
933 Sq Ft
Three Bedroom
$5,317/month
1,462 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,663/month
357 Sq Ft
Two Bedroom
$4,781/month
1,176 Sq Ft
Three Bedroom
$11,256/month
2,033 Sq Ft
Four Bedroom
$42,002/month
4,198 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,770/month
766 Sq Ft
Two Bedroom
$6,767/month
1,187 Sq Ft
Three Bedroom
$18,002/month
1,901 Sq Ft
Four Bedroom
$41,934/month
3,842 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,484/month
740 Sq Ft
Two Bedroom
$8,835/month
1,151 Sq Ft
Three Bedroom
$7,975/month
1,625 Sq Ft
Four Bedroom
$18,720/month
2,770 Sq Ft

How much has average rent changed in Miami Beach, FL?

In the past year, rent has increased by 0.6%, which averages out to $12 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 October 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Miami Beach?

Based on current rent prices, Biscayne Beach, Tatum Waterway and Haynsworth Beach are the most affordable neighborhoods in Miami Beach.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Biscayne Beach
$1,891/month
1,081 Sq Ft
Tatum Waterway
$1,898/month
995 Sq Ft
Haynsworth Beach
$1,905/month
806 Sq Ft
Isle of Normandy Miami View
$1,924/month
1,061 Sq Ft
Normandy Shores
$1,961/month
1,029 Sq Ft
Normandy Isles
$1,997/month
1,006 Sq Ft
Isle of Normandy Ocean Side
$2,048/month
1,030 Sq Ft
Orchard
$2,057/month
671 Sq Ft
The Aviator
$2,245/month
538 Sq Ft
Beach Bay
$2,441/month
1,273 Sq Ft

What are the most expensive neighborhoods in Miami Beach?

Based on current rent prices, Flamingo Terrace, Miami Beach Boardwalk and La Gorce are the most expensive neighborhoods in Miami Beach.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Flamingo Terrace
$6,858/month
843 Sq Ft
Miami Beach Boardwalk
$5,984/month
817 Sq Ft
La Gorce
$5,384/month
967 Sq Ft
Bayshore
$5,261/month
826 Sq Ft
Sunset Lake
$5,052/month
752 Sq Ft
Oceanfront
$4,978/month
1,072 Sq Ft
South Pointe
$4,768/month
686 Sq Ft
City Center
$4,628/month
743 Sq Ft
Mid-Beach
$4,613/month
902 Sq Ft
SoFi
$4,536/month
676 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 Flamingo .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Beach
$3,663/month
830 Sq Ft
North Beach
$3,216/month
1,023 Sq Ft
Flamingo
$2,925/month
830 Sq Ft
Mid-Beach
$4,613/month
902 Sq Ft
City Center
$4,628/month
743 Sq Ft
North Shore
$3,022/month
1,013 Sq Ft
Bayshore
$5,261/month
826 Sq Ft
Miami Beach Boardwalk
$5,984/month
817 Sq Ft
Oceanfront
$4,978/month
1,072 Sq Ft
West Avenue
$3,995/month
768 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Miami Beach, FL?

Because the average rent in Miami Beach is $2,002, you’ll want to make about $6,673 per month or $80,076 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.

City

Miami Beach, FL

3,874 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Miami Beach, FL

Apartment Averages

Biscayne Beach

Miami Beach, FL

Flamingo Terrace

Miami Beach, FL

Studio
$758/month
-
One Bedroom
$1,335/month
-
Two Bedroom
$1,802/month
-
Three Bedroom
$2,355/month
-
Search
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Nearby City Rent Trends

  • North Bay Village Average Rent
  • El Portal Average Rent
  • Miami Shores Average Rent
  • Surfside Average Rent
  • Biscayne Park Average Rent

Apartment communities in Miami Beach we think you'll love

Avara

Avara

3900 Alton Rd,
Miami Beach, FL 33140

$3,550 - $10,750

1-3 Beds

Edwards Apartments

Edwards Apartments

953 Collins Ave,
Miami Beach, FL 33139

$1,800 - $1,900

Studio - 1 Bed

The Anamar at Collins Park

The Anamar at Collins Park

224 23rd Street,
Miami Beach, FL 33139

$1,875 - $3,045

Studio - 2 Beds

Wake Biscayne Bay

Wake Biscayne Bay

1900 S Treasure Dr,
North Bay Village, FL 33141

$2,111 - $4,166

Studio - 3 Beds

Property Management Companies in Miami Beach, FL

Gator Investments
Gator Investments
  • 19

    Communities

  • 1,817

    Units

  • 13

    Cities

5 Communities in Miami Beach
Blackstone
Blackstone
  • 145

    Communities

  • 46,082

    Units

  • 98

    Cities

3 Communities in Miami Beach
Cushman & Wakefield
Cushman & Wakefield
  • 526

    Communities

  • 122,257

    Units

  • 266

    Cities

1 Community in Miami Beach
Bozzuto
Bozzuto
  • 394

    Communities

  • 120,476

    Units

  • 157

    Cities

1 Community in Miami Beach
Sentinel Real Estate Corporation
Sentinel Real Estate Corporation
  • 100

    Communities

  • 26,481

    Units

  • 75

    Cities

1 Community in Miami Beach
Eenhoorn, LLC
Eenhoorn, LLC
  • 32

    Communities

  • 5,065

    Units

  • 16

    Cities

1 Community in Miami Beach
Infinity BH LTD
Infinity BH LTD
  • 14

    Communities

  • 2,730

    Units

  • 11

    Cities

1 Community in Miami Beach
Crown Residential
Crown Residential
  • 14

    Communities

  • 3,458

    Units

  • 10

    Cities

1 Community in Miami Beach

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United States Florida Miami Beach Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity