Edwards Apartments
953 Collins Ave,
Miami Beach, FL 33139
Studio - 1 Bed | $1,800 - $1,900
$2,029/month
Average Rent
607 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
As of March 2025, the average rent in Miami Beach, FL is $2,029 per month. This is 30% higher than the national average rent price of $1,557/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 $1,453 per month for a studio, $2,029 for a one-bedroom apartment, and around $3,182 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,559 or more.
In the past year, rent has increased by 2.4%, which averages out to $49 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, Miami Beach Boardwalk, South Pointe and Bayshore 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 $2,029, you’ll want to make about $6,763 per month or $81,156 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.
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† 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.
* Percentages may not total 100 due to rounding.