Average Rent in Miami, FL

Miami has one of the worst rent-to-income ratios in America. With 70% renters and strong demand from remote workers and international buyers, affordability is a critical issue. Tenant protections are minimal compared to other major cities.

+1.8%YoY

Studio

$1,800

1-Bedroom

$2,200

2-Bedroom

$2,900

3-Bedroom

$3,600

Market Overview

Year-over-Year Change+1.8%

Vacancy Rate4.3%

Renter Population70%

Median Income$44,268/yr

Rent-to-Income Ratio59.6%

Cost of Living Index128 (US avg: 100)

Market Condition

Balanced Market

Market is relatively balanced between landlords and tenants.

Tenant Protections

Security deposit return within 15-30 days
7-day notice for non-payment of rent
Right to withhold rent for habitability issues (limited)
No rent control in Florida

HUD Fair Market Rent (2025)

Fair Market Rent (FMR) is set by the U.S. Department of Housing and Urban Development for the Miami-Fort Lauderdale-Pompano Beach, FL metro area.

Studio

$1,225

1-Bed

$1,445

2-Bed

$1,768

3-Bed

$2,285

4-Bed

$2,545

Rent by Neighborhood in Miami

Brickell

Manhattan of the South with luxury towers, restaurants, and nightlife.

Walk Score: 88Safety: 8/10

1-Bed

$2,800

2-Bed

$3,600

3-Bed

$4,500

Wynwood

Art district with murals, galleries, breweries, and creative energy.

Walk Score: 75Safety: 6/10

1-Bed

$2,300

2-Bed

$3,000

3-Bed

$3,800

Coral Gables

Elegant city with Mediterranean architecture, UM campus, and upscale dining.

Walk Score: 55Safety: 9/10

1-Bed

$2,200

2-Bed

$2,900

3-Bed

$3,600

Little Havana

Cultural heart of Cuban Miami with affordable rents and authentic cuisine.

Walk Score: 72Safety: 5/10

1-Bed

$1,600

2-Bed

$2,100

3-Bed

$2,600

Miami Beach

Iconic beach destination with Art Deco architecture and ocean views.

Walk Score: 80Safety: 7/10

1-Bed

$2,500

2-Bed

$3,300

3-Bed

$4,200

Tips for Renting in Miami

1Miami's rent-to-income ratio is nearly 60% - ensure you can truly afford it before signing
2Florida has minimal tenant protections - read your lease extremely carefully
3Hurricane season (June-Nov) can affect your apartment - check insurance requirements
4Consider areas slightly outside Miami for 20-40% savings with similar amenities

Check Your Rent in Miami

Enter your current rent to see if you are getting a fair deal.

Use Rent Checker

Compare Other Cities