Rental market snapshot for Miami, Florida

Miami, Florida Rental Property Market Overview

Miami, Florida is a vibrant and diverse city located in the southeastern United States. With a population of 439,890 as of 2021 according to the US Census, Miami is the third most populous city in Florida and the seventh most populous city in the United States. Miami is known for its beautiful beaches, vibrant nightlife, and diverse culture. It is home to a variety of cultures, including Cuban, Caribbean, and Latin American. Miami is a great place to visit for its warm weather, beautiful beaches, and exciting nightlife.

The average rent for an apartment in Miami is $2,869. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 0.50% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Miami Florida | Cost of Living

  • The most expensive ZIP Code in Miami is 33129 with an average price of $4,300
  • The cheapest ZIP Code in Miami is 33160 with an average price of $1,225

Miami ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
133129$4,300
233127$3,852
333132$3,850
433131$3,815
533137$3,631
633146$3,610
733156$3,599
833134$3,500
933145$3,351
1033165$3,345

Live near Miami, Florida's Top Sights and Attractions

Larry and Penny Thompson Park is a sprawling outdoor oasis located in Miami, Florida. It features a variety of attractions, including a lake, a campground, a golf course, and a variety of trails for hiking, biking, and horseback riding. The park also features a variety of picnic areas, playgrounds, and sports fields. Visitors can also enjoy a variety of wildlife, including birds, turtles, and alligators.

Gratigny Plateau Park is a sprawling green space located in Miami, Florida. It features a variety of outdoor activities, including walking trails, picnic areas, playgrounds, and a lake. The park also has a large amphitheater, which hosts concerts and other events throughout the year. The park is home to a variety of wildlife, including birds, turtles, and fish. It is a great place to relax and enjoy nature, as well as a great spot for families to spend time together.

Haulover Beach is a stunning beach located in South Florida. It is known for its white sand and crystal clear waters, making it a popular spot for swimming, sunbathing, and other beach activities. The beach is also home to a clothing-optional section, making it a unique destination for those looking for a more relaxed atmosphere. The beach is also home to a variety of wildlife, including sea turtles, manatees, and a variety of birds. With its stunning views and activities, Haulover Beach is a must-visit destination for anyone looking for a beach getaway.

West Little River Park is a lush green oasis located in the heart of Miami. It features a variety of outdoor activities, including walking trails, a playground, picnic areas, and a lake. The park is also home to a variety of wildlife, including birds, turtles, and fish. Visitors can also enjoy a variety of sports, such as basketball, tennis, and volleyball. The park is a great place to relax and enjoy the beauty of nature.

Baywalk is a scenic boardwalk located along the waterfront of a major city in Florida. It features a wide variety of shops, restaurants, and entertainment venues, as well as a beautiful view of the city skyline. The boardwalk is lined with palm trees and benches, making it a great spot to relax and take in the sights. Visitors can also enjoy a variety of activities, such as biking, rollerblading, and jogging.

Zoo Miami is a large outdoor wildlife park that features over 3,000 animals from around the world. Visitors can explore the park's lush tropical landscape and observe animals in their natural habitats. The zoo offers a variety of educational programs, interactive exhibits, and animal shows. There are also plenty of opportunities for visitors to get up close and personal with some of the animals, such as the petting zoo and the giraffe feeding station.

Museum Park is a 30-acre public park located in Miami, Florida. It is home to two of the city's most iconic museums, the Perez Art Museum Miami and the Frost Science Museum. The park also features a large open green space, a promenade, and a baywalk with stunning views of Biscayne Bay. There are also several sculptures and art installations throughout the park, making it a great place to explore and relax.

This museum is a vibrant cultural hub located on the campus of Florida International University. It features a wide variety of exhibitions and collections, including works from local, national, and international artists. The museum also hosts lectures, workshops, and other educational programs. Visitors can explore the galleries, attend special events, and take part in hands-on activities. The museum also has a gift shop and café, making it a great place to spend an afternoon.

Kendall Soccer Park is a large outdoor sports complex located in Miami, Florida. It features two full-sized soccer fields, a basketball court, a playground, and a picnic area. The park is well-maintained and has plenty of parking. It is a popular spot for soccer teams, families, and friends to come together and enjoy a game of soccer or just relax in the park. The park also offers a variety of programs and activities for kids and adults alike.

Arvida Park is a lush, green oasis located in the heart of a bustling city. It features a large lake, walking trails, and plenty of open space for picnicking, sunbathing, and playing sports. There are also playgrounds, a skate park, and a dog park for furry friends. The park is a great place to relax and enjoy the outdoors, with plenty of benches and shady spots to take a break.

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Miami, Florida area median rent change by ZIP Code map

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How does Miami compare to other cities in Florida ?

citymedian price
North Port$2,165
Palm Bay$1,895
Land O'lakes$2,350
Yulee$1,999
Tamarac$2,385
Saint Augustine Shores$1,955
Surfside$3,239
Indian Rocks Beach$4,000

Average household income in Miami area graph - US Census

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The median household income in Miami in 2021 was $44,268. This represents a 46.2% change from 2011 when the median was $30,270.

#categorypercent
0Less than $10,00012.2%
1$10,000 to $14,9996.9%
2$15,000 to $19,9996.5%
3$20,000 to $24,9995.9%
4$25,000 to $29,9995.3%
5$30,000 to $34,9995.5%
6$35,000 to $39,9993.9%
7$40,000 to $44,9994.3%
8$45,000 to $49,9994.1%
9$50,000 to $59,9997.3%
10$60,000 to $74,9998.0%
11$75,000 to $99,9998.9%
12$100,000 to $124,9996.5%
13$125,000 to $149,9993.8%
14$150,000 to $199,9994.2%
15$200,000 or more6.7%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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