Edwards Apartments
953 Collins Ave,
Miami Beach, FL 33139
Studio - 1 Bed | $1,800 - $1,900
Rental Market Trends in Miami Beach, FL
What is the average rent in Miami Beach, FL?
$2,003/month
Average Rent
607 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
As of December 2024, the average rent in Miami Beach, FL is $2,003 per month. This is 28% higher than the national average rent price of $1,560/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 $1,437 per month for a studio, $2,003 for a one-bedroom apartment, and around $3,041 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,125 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Miami Beach, FL?
In the past year, rent has increased by 0.6%, which averages out to $13 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Miami Beach, FL
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
9%
$700 - $1,000/month
36%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
22%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Miami Beach?
Based on current rent prices, Biscayne Beach, Normandy Isles and Normandy Shores are the most affordable neighborhoods in Miami Beach.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Miami Beach?
Based on current rent prices, Fisher Island, Miami Beach Boardwalk and Bayshore are the most expensive neighborhoods in Miami Beach.
Neighborhood
Average Rent
Average Sq Ft
Which Miami Beach neighborhoods have the most rentals available?
The neighborhoods in Miami Beach with the most apartments available are South Beach, North Beach and Mid-Beach .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Miami Beach, FL?
Because the average rent in Miami Beach is $2,003, you’ll want to make about $6,676 per month or $80,112 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.
How does Miami Beach, FL compare to other nearby cities and neighborhoods?
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.
Studio
$792/month
-
One Bedroom
$1,166/month
-
Two Bedroom
$1,985/month
-
Three Bedroom
$2,266/month
-
Nearby City Rent Trends
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Methodology
† 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.