Rentometer, Inc. | Data as of 10/23/2025
Miami’s vibrant rental market reflects the city’s dynamic lifestyle, offering everything from sleek downtown high‑rises to charming single‑family homes in leafy suburbs. Apartments dominate the inventory, with studio units averaging in the $2400 range and one‑bedroom options typically found in the $3000 range. Larger floor plans command premium rates, with two‑bedrooms averaging around $4000, three‑bedrooms nearing $6500, and spacious four‑plus‑bedroom units often exceeding $9000 per month. For renters seeking the space and privacy of a house, studios start in the $1600 range, one‑bedroom homes hover near $2000, and three‑bedroom houses commonly reach $5000, while premium four‑plus‑bedroom homes can surpass $10,000.
The city’s neighborhoods each bring a distinct flavor to the rental experience. Brickell and Downtown cater to professionals with modern high‑rise towers and easy access to business districts, while the iconic South Beach offers beachfront living and a lively arts scene. Wynwood’s colorful murals and eclectic eateries attract creatives, and areas like Coral Gables and Coconut Grove provide more suburban comforts with historic architecture and tree‑lined streets. Whether you’re drawn to the energetic pulse of Miami’s nightlife or the tranquil oasis of its waterfront communities, the city’s diverse housing options and competitive price tiers make it an appealing destination for renters across every lifestyle and budget.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,425 | $2,459 | $1,300 - $3,430 | $2,070 - $2,742 |
| Apartment | 1 Bedroom | $2,962 | $2,836 | $750 - $6,500 | $2,410 - $3,500 |
| Apartment | 2 Bedroom | $3,883 | $3,827 | $675 - $14,000 | $2,800 - $4,340 |
| Apartment | 3 Bedroom | $6,116 | $5,054 | $1,458 - $18,000 | $3,950 - $7,500 |
| Apartment | 4+ Bedroom | $9,192 | $7,800 | $4,500 - $19,900 | $5,950 - $10,629 |
| House | 1 Bedroom | $2,337 | $2,000 | $1,400 - $4,350 | $1,600 - $3,250 |
| House | 2 Bedroom | $2,745 | $2,797 | $600 - $4,850 | $2,350 - $3,250 |
| House | 3 Bedroom | $5,559 | $5,000 | $1,299 - $15,000 | $3,250 - $7,500 |
| House | 4+ Bedroom | $13,025 | $10,000 | $3,400 - $65,000 | $5,295 - $17,000 |
In the current period, the average rent in Miami was $2,425 for Studio, $2,927 for 1 Bedroom, $3,674 for 2 Bedroom, $5,852 for 3 Bedroom, and $9,216 for 4+ Bedroom.
Data provided by Rentometer, Inc.