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Rental Market Trends in Miami Beach, FL

What is the average rent in Miami Beach, FL?

$2,074/month

Average Rent

602 Sq Ft

Average Apartment Size

+1.6%

Increase in the Last Year

As of April 2026, the average rent in Miami Beach, FL is $2,074 per month. This is 26% higher than the national average rent price of $1,641/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 $1,456 per month for a studio, $2,074 for a one-bedroom apartment, and around $3,320 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,871 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,456/month
444 Sq Ft
One Bedroom
$2,074/month
602 Sq Ft
Two Bedroom
$3,320/month
944 Sq Ft
Three Bedroom
$5,871/month
1,442 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$7,064/month
1,388 Sq Ft
Three Bedroom
$10,056/month
1,964 Sq Ft
Four Bedroom
$42,169/month
3,972 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$4,022/month
787 Sq Ft
Two Bedroom
$7,198/month
1,224 Sq Ft
Three Bedroom
$18,264/month
1,916 Sq Ft
Four Bedroom
$41,290/month
3,607 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,361/month
838 Sq Ft
Two Bedroom
$6,156/month
1,220 Sq Ft
Three Bedroom
$8,211/month
1,665 Sq Ft

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

In the past year, rent has increased by 1.6%, which averages out to $33 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Miami Beach, FL
Last Updated April 2026
$1,501 - $2,000
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
33% $1,001 - $1,500/month
35% $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, Biscayne Beach and Normandy Isles are the most affordable neighborhoods in Miami Beach.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Isle of Normandy Miami View
$1,736/month
721 Sq Ft
Biscayne Beach
$1,875/month
972 Sq Ft
Normandy Isles
$1,936/month
711 Sq Ft
Orchard
$2,093/month
659 Sq Ft
The Aviator
$2,333/month
560 Sq Ft
Surprise Lake
$2,558/month
792 Sq Ft
La Gorce
$2,921/month
746 Sq Ft
Lenox Manor
$3,025/month
670 Sq Ft
Lummus Park
$3,212/month
656 Sq Ft
Flamingo
$3,214/month
727 Sq Ft

What are the most expensive neighborhoods in Miami Beach?

Based on current rent prices, Continuum in South Beach, Miami Beach Boardwalk and Bayshore are the most expensive neighborhoods in Miami Beach.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Continuum in South Beach
$7,374/month
884 Sq Ft
Miami Beach Boardwalk
$5,997/month
835 Sq Ft
Bayshore
$5,811/month
901 Sq Ft
City Center
$5,364/month
778 Sq Ft
Oceanfront
$5,127/month
1,026 Sq Ft
South Pointe
$4,894/month
746 Sq Ft
Mid-Beach
$4,843/month
898 Sq Ft
Sunset Lake
$4,609/month
739 Sq Ft
SoFi
$4,428/month
716 Sq Ft
South Beach
$4,016/month
757 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
$4,016/month
757 Sq Ft
North Beach
$3,523/month
843 Sq Ft
Mid-Beach
$4,843/month
898 Sq Ft
Flamingo
$3,214/month
727 Sq Ft
City Center
$5,364/month
778 Sq Ft
North Shore
$3,639/month
824 Sq Ft
Bayshore
$5,811/month
901 Sq Ft
Miami Beach Boardwalk
$5,997/month
835 Sq Ft
West Avenue
$3,542/month
779 Sq Ft
Oceanfront
$5,127/month
1,026 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 $2,074, you’ll want to make about $6,913 per month or $82,956 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

2,943 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

Continuum in South Beach

Miami Beach, FL

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

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

$3,228 - $13,295

1-3 Beds

Edwards Apartments

Edwards Apartments

953 Collins Ave,
Miami Beach, FL 33139

$1,800 - $1,900

Studio - 1 Bed

Southgate Towers

Southgate Towers

900 West Ave,
Miami Beach, FL 33139

$2,537 - $4,960 Total Monthly Price

Studio - 3 Beds

Wake Biscayne Bay

Wake Biscayne Bay

1900 S Treasure Dr,
North Bay Village, FL 33141

$2,465 - $4,347

1-3 Beds

Property Management Companies in Miami Beach, FL

Gator Investments
Gator Investments
  • 19

    Communities

  • 1,818

    Units

  • 13

    Cities

5 Communities in Miami Beach
Blackstone
Blackstone
  • 213

    Communities

  • 69,599

    Units

  • 118

    Cities

3 Communities in Miami Beach
Cushman & Wakefield
Cushman & Wakefield
  • 457

    Communities

  • 108,709

    Units

  • 227

    Cities

1 Community in Miami Beach
Bozzuto
Bozzuto
  • 385

    Communities

  • 118,627

    Units

  • 157

    Cities

1 Community in Miami Beach
Sentinel Real Estate Corporation
Sentinel Real Estate Corporation
  • 98

    Communities

  • 26,489

    Units

  • 74

    Cities

1 Community in Miami Beach
Crown Residential
Crown Residential
  • 18

    Communities

  • 4,697

    Units

  • 12

    Cities

1 Community in Miami Beach
Waypoint Residential
Waypoint Residential
  • 10

    Communities

  • 2,612

    Units

  • 10

    Cities

1 Community in Miami Beach
Centennial Management Corporation
Centennial Management Corporation
  • 10

    Communities

  • 1,401

    Units

  • 8

    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 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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity