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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 $1,443 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
Studio
$1,443/month
445 Sq Ft
One Bedroom
$2,070/month
610 Sq Ft
Two Bedroom
$3,244/month
938 Sq Ft
Three Bedroom
$6,007/month
1,442 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,031/month
292 Sq Ft
Two Bedroom
$6,555/month
1,130 Sq Ft
Three Bedroom
$11,679/month
2,031 Sq Ft
Four Bedroom
$37,830/month
3,748 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,890/month
782 Sq Ft
Two Bedroom
$7,193/month
1,189 Sq Ft
Three Bedroom
$17,573/month
1,875 Sq Ft
Four Bedroom
$38,932/month
3,729 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$4,541/month
913 Sq Ft
Two Bedroom
$12,910/month
1,255 Sq Ft
Three Bedroom
$7,080/month
1,764 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
Market Trends Over Time
Rent Ranges in Miami Beach, FL
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Miami Beach, FL
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
  • Most Affordable
  • Most Expensive
  • Most Available

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.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Isle of Normandy Miami View
$1,835/month
1,214 Sq Ft
Normandy Shores
$1,889/month
1,312 Sq Ft
Biscayne Beach
$1,941/month
1,682 Sq Ft
Normandy Isles
$1,948/month
909 Sq Ft
Orchard
$2,152/month
671 Sq Ft
The Aviator
$2,203/month
532 Sq Ft
Beach Bay
$2,378/month
1,416 Sq Ft
Surprise Lake
$2,533/month
784 Sq Ft
Lenox Manor
$2,854/month
861 Sq Ft
North Beach
$3,020/month
1,161 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.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Miami Beach Boardwalk
$6,522/month
819 Sq Ft
Bayshore
$5,914/month
893 Sq Ft
Oceanfront
$5,863/month
1,075 Sq Ft
City Center
$5,541/month
768 Sq Ft
Mid-Beach
$4,892/month
1,010 Sq Ft
South Pointe
$4,597/month
697 Sq Ft
Sunset Lake
$4,546/month
729 Sq Ft
SoFi
$4,250/month
673 Sq Ft
West Avenue
$3,988/month
784 Sq Ft
Nautilus
$3,974/month
1,018 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 .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Beach
$3,954/month
831 Sq Ft
North Beach
$3,020/month
1,161 Sq Ft
Mid-Beach
$4,892/month
1,010 Sq Ft
Flamingo
$3,078/month
806 Sq Ft
North Shore
$3,112/month
1,283 Sq Ft
City Center
$5,541/month
768 Sq Ft
Bayshore
$5,914/month
893 Sq Ft
Miami Beach Boardwalk
$6,522/month
819 Sq Ft
Oceanfront
$5,863/month
1,075 Sq Ft
West Avenue
$3,988/month
784 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 $2,070, 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.

City

Miami Beach, FL

3,336 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

Isle of Normandy Miami View

Miami Beach, FL

Miami Beach Boardwalk

Miami Beach, FL

Studio
-
$1,343/month
One Bedroom
-
$1,358/month
Two Bedroom
-
$1,802/month
Three Bedroom
-
-
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

$2,995 - $13,300

1-3 Beds

Edwards Apartments

Edwards Apartments

953 Collins Ave,
Miami Beach, FL 33139

$1,800 - $1,900

Studio - 1 Bed

Wake Biscayne Bay

Wake Biscayne Bay

1900 S Treasure Dr,
North Bay Village, FL 33141

$2,283 - $4,216

1-3 Beds

Seacoast Suites Apartments

Seacoast Suites Apartments

5101 Collins Ave,
Miami Beach, FL 33140

$3,000 - $18,000

1-3 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
  • 141

    Communities

  • 42,302

    Units

  • 93

    Cities

2 Communities in Miami Beach
Cushman & Wakefield
Cushman & Wakefield
  • 471

    Communities

  • 110,921

    Units

  • 239

    Cities

1 Community in Miami Beach
Bozzuto
Bozzuto
  • 383

    Communities

  • 118,539

    Units

  • 157

    Cities

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

    Communities

  • 26,659

    Units

  • 75

    Cities

1 Community in Miami Beach
Eenhoorn, LLC
Eenhoorn, LLC
  • 34

    Communities

  • 5,524

    Units

  • 16

    Cities

1 Community in Miami Beach
Crown Residential
Crown Residential
  • 18

    Communities

  • 4,309

    Units

  • 12

    Cities

1 Community in Miami Beach
Waypoint Residential
Waypoint Residential
  • 10

    Communities

  • 2,612

    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 November 2025.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity