$2,450
Average Rent
$2,200
Median Rent
+8.3%
Year-over-Year Growth
3.9%
Vacancy Rate
About Miami, FL
Miami is a vibrant international crossroads with a luxury-leaning rental market.
Popular Neighborhoods in Miami
Brickell
$3,100/moFinancial district with some of the best high-rise views.
Wynwood
$2,400/moArtsy neighborhood with converted lofts.
Coral Gables
$2,600/moElegant, historic residential area.
Miami Rental Market Insights
Became a major destination for NYC-based finance and tech moves.
Waterfront properties command an enormous premium.
Rental demand remains strong year-round due to international migration.
Frequently Asked Questions
Why is Miami rent so high?
High demand from remote workers and limited new supply in core coastal areas.