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Rental Market Trends in South Miami, FL

Updated September 2026

The average rent in South Miami, FL is $2,213/month.

Rent in South Miami is 33% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.

$2,213/month

Average Rent

663 Sq Ft

Average Size

-0.7%

Change / Year

229

Available Apartments

South Miami rent varies by unit size and layout:

  • Studio apartments in South Miami average $1,858 per month.
  • One-bedroom apartments in South Miami average $2,213 per month.
  • Two-bedroom apartments in South Miami average $3,831 per month.
  • Three-bedroom apartments in South Miami average $2,613 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,858/month
524 Sq Ft
One Bedroom
$2,213/month
663 Sq Ft
Two Bedroom
$3,831/month
923 Sq Ft
Three Bedroom
$2,613/month
631 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$4,330/month
1,473 Sq Ft
Three Bedroom
$5,701/month
1,670 Sq Ft
Four Bedroom
$10,541/month
2,587 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,039/month
567 Sq Ft
Two Bedroom
$2,800/month
869 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,772/month
1,001 Sq Ft
View South Miami Apartments

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

In the past year, rent has decreased by 0.7%, which averages out to $14 less per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in South Miami, FL

September 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in South Miami, FL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
33% $1,001 - $1,500/month
47% $1,501 - $2,000/month
20% Above $2,000/month

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

Because the average rent in South Miami is $2,213, you’ll want to make about $7,376 per month or $88,512 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

South Miami, FL

229 Available Apartments for Rent

Search for Nearby Apartments

How does South Miami, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare South Miami, 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 South Miami Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Coral Gables

    Coral Gables

    Avg Rent: $2,659/month

  • West Miami

    West Miami

    Avg Rent: $2,330/month

  • Pinecrest

    Pinecrest

    Avg Rent: $1,919/month

  • Coconut Grove

    Coconut Grove

    Avg Rent: $2,318/month

Apartment Communities in South Miami We Think You'll Love

Motion at Dadeland

Motion at Dadeland

8400 S Dixie Hwy,
Miami, FL 33143

Studio - 3 Beds | $2,305 - $4,925

Avalon South Miami

Avalon South Miami

7350 SW 58th Ct,
South Miami, FL 33143

1-2 Beds | $3,540 - $6,675

Residences at Somi Parc

Residences at Somi Parc

5961 SW 68th St,
South Miami, FL 33143

2 Beds | $3,240

The Palmer Dadeland Apartments

The Palmer Dadeland Apartments

8215 SW 72nd Ave,
Miami, FL 33143

Studio - 3 Beds | $2,202 - $4,920

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Explore Rental Manager Resources

Frequently Asked Questions

What is the average rent in South Miami?

The average rent in South Miami is $2,213 per month, which is 33.0% higher than the national average of $1,664.

What is the average rent for a house in South Miami?

The average rent for a house in South Miami, FL is $5,701 per month.

What is the average rent for a townhome in South Miami?

The average rent for a townhome in South Miami, FL is $2,772 per month.

What is the average rent for a condo in South Miami?

The average rent for a condo in South Miami, FL is $2,039 per month.

Are rents going up or down in South Miami?

Rents in South Miami, FL are decreasing, with prices down 0.7% year-over-year and $14 less per month.

What rent range is most common in South Miami?

In South Miami, FL, 47% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

United States Florida South Miami 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 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