Edwards Apartments
953 Collins Ave,
Miami Beach, FL 33139
Studio - 1 Bed | $1,800 - $1,900
$2,039/month
Average Rent
607 Sq Ft
Average Apartment Size
+2.8%
Increase in the Last Year
As of March 2025, the average rent in Miami Beach, FL is $2,039 per month. This is 31% higher than the national average rent price of $1,559/month, making Miami Beach one of the most expensive cities in the US. When you rent an apartment in Miami Beach, you can expect to pay about $1,455 per month for a studio, $2,039 for a one-bedroom apartment, and around $3,183 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,463 or more.
In the past year, rent has increased by 2.8%, which averages out to $57 more per month.
Based on current rent prices, Biscayne Beach, Normandy Shores and Normandy Isles are the most affordable neighborhoods in Miami Beach.
Based on current rent prices, Fisher Island, South Pointe and Miami Beach Boardwalk are the most expensive neighborhoods in Miami Beach.
The neighborhoods in Miami Beach with the most apartments available are South Beach, North Beach and Mid-Beach .
Because the average rent in Miami Beach is $2,039, you’ll want to make about $6,796 per month or $81,552 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Use the tool below to compare Miami Beach, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
19
Communities
1,817
Units
13
Cities
85
Communities
31,241
Units
51
Cities
537
Communities
124,438
Units
273
Cities
99
Communities
26,153
Units
75
Cities
51
Communities
13,305
Units
20
Cities
29
Communities
4,518
Units
13
Cities
13
Communities
3,766
Units
13
Cities
13
Communities
2,347
Units
9
Cities
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.