Edwards Apartments
953 Collins Ave,
Miami Beach, FL 33139
Studio - 1 Bed | $1,800 - $1,900
Rental Market Trends in Miami Beach, FL
Updated July 2026
The average rent in Miami Beach, FL is $2,066/month.
Rent in Miami Beach is 24% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$2,066/month
Average Rent
603 Sq Ft
Average Size
-0.4%
Change / Year
2,880
Available Apartments
Miami Beach rent varies by unit size and layout:
- Studio apartments in Miami Beach average $1,506 per month.
- One-bedroom apartments in Miami Beach average $2,066 per month.
- Two-bedroom apartments in Miami Beach average $3,289 per month.
- Three-bedroom apartments in Miami Beach average $6,044 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Miami Beach, FL?
In the past year, rent has decreased by 0.4%, which averages out to $8 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Miami Beach, FL
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
7%
$700 - $1,000/month
32%
$1,001 - $1,500/month
34%
$1,501 - $2,000/month
26%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Miami Beach?
Based on current rent prices, Biscayne Beach, Normandy Isles and Lummus Park 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, Bayshore, Miami Beach Boardwalk and City Center 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, Flamingo and North 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 $2,066, you’ll want to make about $6,886 per month or $82,632 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.
View the Miami Beach Area GuideStudio
$837/month
$1,050/month
One Bedroom
$1,487/month
$2,907/month
Two Bedroom
$2,170/month
$6,271/month
Three Bedroom
$2,384/month
$10,586/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Miami Beach?
The average rent in Miami Beach is $2,066 per month, which is 24.2% higher than the national average of $1,663.
What is the average rent for a house in Miami Beach?
The average rent for a house in Miami Beach, FL is $10,723 per month.
What is the average rent for a townhome in Miami Beach?
The average rent for a townhome in Miami Beach, FL is $7,935 per month.
What is the average rent for a condo in Miami Beach?
The average rent for a condo in Miami Beach, FL is $3,849 per month.
Are rents going up or down in Miami Beach?
Rents in Miami Beach, FL are decreasing, with prices down 0.4% year-over-year and $8 less per month.
What rent range is most common in Miami Beach?
In Miami Beach, FL, 34% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 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.