Rental market snapshot for Downtown, Miami
Downtown rental market summary
The rental market in Downtown, Florida is showing signs of stability. In July 2023, there were 2,239 new listings, indicating that the market is still active and growing. The median rent in July 2023 was $4,000, which is the same as the median rent in June 2023. This suggests that the rental market in Downtown, Florida is not experiencing any significant changes in prices. Furthermore, when compared to the median rent in July 2022, there has been a 2.3% increase in rent, indicating that the rental market is slowly but steadily increasing in value.
Overall, the rental market in Downtown, Florida is stable and growing. With a steady number of new listings and a slight increase in median rent, it is a great time to invest in the rental market in Downtown, Florida. With the right strategies and investments, investors can benefit from the stability and growth of the rental market in Downtown, Florida.
Median rent for all residential properties in Downtown
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The most expensive listings and top trending buildings in Downtown
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1000 Brickell Plz | $18,500 | 4 / 4.5 |
| 1749 NE Miami Ct | $18,000 | 3 / 3.0 |
| 1000 Brickell Plz | $17,900 | 4 / 4.5 |
| 92 SW 3rd St | $16,500 | 3 / 3.5 |
| 900 Biscayne Blvd | $15,500 | 3 / 3.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| RPM Living | $3,816 |
| ZRS Management LLC* | $3,261 |
| Camden | $3,179 |
| Harbor Group | $2,980 |
| FOL Management | $2,966 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, Florida is relatively stable. In July 2023, there were 17 new studio listings, with a median rent of $2,494. This is only a slight decrease of .4% from the median rent of $2,505 in June 2023. This indicates that the rental market for studios in Downtown, Florida is relatively steady and not subject to large fluctuations in rent prices.
The rental market for 1-bedroom apartments in Downtown, Florida is showing signs of growth. In July 2023, there were 28 new 1-bedroom listings, a 8.5% increase in median rent from June 2023 to July 2023, and a median rent of $3,200. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in Downtown, Florida is showing signs of growth. In July 2023, there were 22 new 2-bedroom listings, representing a 1.5% increase in median rent from the previous month. The median rent for 2-bedroom apartments in July 2023 was $3,908, up from $3,848 in June 2023. This indicates that the rental market for 2-bedroom apartments in Downtown, Florida is on the rise, and that demand for these apartments is increasing.