CMPND Miami
55 NE 2nd St,
Miami, FL 33132
Studio - 2 Beds | $1,967 - $4,470
Rental Market Trends in Miami, FL
Updated August 2026
The average rent in Miami, FL is $2,246/month.
Rent in Miami is 35% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.
$2,246/month
Average Rent
694 Sq Ft
Average Size
+1.8%
Change / Year
22,372
Available Apartments
Miami rent varies by unit size and layout:
- Studio apartments in Miami average $2,105 per month.
- One-bedroom apartments in Miami average $2,246 per month.
- Two-bedroom apartments in Miami average $2,850 per month.
- Three-bedroom apartments in Miami average $3,649 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Miami, FL?
In the past year, rent has increased by 1.8%, which averages out to $40 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Miami, FL
August 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
15%
$700 - $1,000/month
24%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
37%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Miami?
Based on current rent prices, Liberty City, South Miami Heights and West Perrine are the most affordable neighborhoods in Miami.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Miami?
Based on current rent prices, Park West, Brickell and Southwest Coconut Grove are the most expensive neighborhoods in Miami.
Neighborhood
Average Rent
Average Sq Ft
Which Miami neighborhoods have the most rentals available?
The neighborhoods in Miami with the most apartments available are Port of Miami, Downtown Miami and Brickell .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Miami, FL?
Because the average rent in Miami is $2,246, you’ll want to make about $7,486 per month or $89,832 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.
Cost of Living
The cost of living in Miami, FL is 20.6% higher than the national average. Generally, housing in Miami is 57.0% more expensive than the national average, with rent falling between $2,105 - $3,649. You can expect to pay 10.3% more for groceries, 2.1% more for utilities, and 0.1% more for transportation.
How does Miami, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Miami, 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.
View the Miami Area GuideStudio
$686/month
$2,844/month
One Bedroom
$883/month
$3,449/month
Two Bedroom
$1,299/month
$4,125/month
Three Bedroom
$1,547/month
$5,148/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Coconut Grove
Avg Rent: $2,316/month
-
Miami Springs
Avg Rent: $1,251/month
-
West Miami
Avg Rent: $2,334/month
-
Virginia Gardens
Avg Rent: $897/month
-
El Portal
Avg Rent: $1,630/month
Apartment Communities in Miami We Think You'll Love
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Frequently Asked Questions
What is the average rent in Miami?
The average rent in Miami is $2,246 per month, which is 35.0% higher than the national average of $1,664.
What is the average rent for a house in Miami?
The average rent for a house in Miami, FL is $5,639 per month.
What is the average rent for a townhome in Miami?
The average rent for a townhome in Miami, FL is $3,304 per month.
What is the average rent for a condo in Miami?
The average rent for a condo in Miami, FL is $3,352 per month.
Are rents going up or down in Miami?
Rents in Miami, FL are increasing, with prices up 1.8% year-over-year and $40 more per month.
What rent range is most common in Miami?
In Miami, FL, 37% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† 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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.