What Is the Common Hire in Miami, FL?

As of February 2023, the common condo hire in Miami, FL is $2,089 for a studio, $2,750 for one bed room, $3,419 for 2 bedrooms, and $4,144 for 3 bedrooms. House hire in Miami has elevated by 59.9% prior to now yr. 

Within the coronary heart of southeastern Florida, Miami is a vibrant metropolis with a various inhabitants. Miami’s number of cultures could be discovered in lots of neighborhoods, equivalent to Little Havana and Little Haiti. Residents additionally benefit from the inventive neighborhoods of Wynwood and Downtown Miami, which has the third-tallest skyline within the U.S with stunning views of Biscayne Bay. For renters, Miami gives extremely various choices, from luxurious residences and beachfront condos to cozy townhomes and homes within the suburbs.

Together with loads of selections of the place to stay, there’s loads to do in Miami. Locals take pleasure in tons of displays proven on the Perez Artwork Museum, Entrance Museum, and Miami Kids’s Museum. There’s one thing for the entire household with simple seashore entry in neighboring Miami Seashore and on Key Biscayne. With the ever-growing range, Miami appears like a paradise for renters. 

A double rainbow behind the Miami, FL skyline.

Beds Common Sq. Toes Common Hire
Studio 572 sq. ft. $2,089 /mo.
One Bedroom Apartment 768 sq. ft. $2,750 /mo.
Two Bedroom Apartment 1,129 sq. ft. $3,419 /mo. 
Three Bedroom Apartment 1,415 sq. ft. $4,144 /mo.
Statistic Worth
Per Capita Revenue $44,380
Median Family Revenue $56,038
Complete Inhabitants 2,706,897 folks
Common Age 41 years outdated
Common Hire $2,107 monthly
Annual Hire Change 61.24%

Decide how a lot hire you possibly can afford to pay with our rent affordability calculator.

Downtown Miami 

Boats on the river in Downtown Miami.

Stuffed with city road artwork and variety, Downtown Miami sits within the heart of all of it. Through the years, this neighborhood has grown as one of many prime enterprise hubs in Florida and has develop into the right place for commuters. Residents benefit from the Bayside Market Place or catching a Miami Warmth recreation, together with world-class eating places and electrical nightlife. Benefit from the sunny climate with the household at Bayfront Park, enjoying within the sand and ocean. It doesn’t matter what, you’ll by no means be bored in Downtown Miami whether or not you’re searching for day or night time actions. 

Beds Common Sq. Toes Common Hire
Studio 505 sq. ft. $2,263 /mo. 
One Bedroom Apartment 763 sq. ft. $2,522 /mo. 
Two Bedroom Apartment 1,084 sq. ft. $3,145 /mo. 
Three Bedroom Apartment 1,443 sq. ft. $4,277 /mo. 

Little Havana 

Colorful mural welcoming visitors to Little Havana in Miami, FL.

Simply west of Downtown Miami, Little Havana is the middle of Cuban tradition in Miami. The neighborhood of Little Havana is known as after Cuba’s capital and is greatest recognized for Calle Ocho, the neighborhood’s important business highway brimming with eating places, shops, artwork galleries, and dance halls. The group comes collectively for varied occasions, together with the Calle Ocho Pageant, Viernes Culturales (Cultural Fridays,) and the Miami Beer Pageant at Marlins Park. Renters will discover that Little Havana is essentially residential, with a number of choices of residences and homes to select from. Many commuters benefit from the proximity to Downtown Miami, giving households the perfect of each worlds. 

Beds Common Sq. Toes Common Hire
Studio 378 sq. ft. $1,060 /mo. 
One Bedroom Apartment 588 sq. ft. $1,370 /mo. 
Two Bedroom Apartment 839 sq. ft.  $1,932 /mo. 
Three Bedroom Apartment 1,238 sq. ft. $2,922 /mo. 


A jogging trail shaded by palm trees in Edgewater, Miami, FL.

Between Wynwood and Biscayne, you’ll discover Edgewater, a rising walkable neighborhood. Residents benefit from the outlets at Midtown Miami, the Miami Design District, and the Bayside Market. All through the neighborhood, renters will discover luxurious residences and condos in high-rise buildings with beautiful views of Miami Seashore. Edgewater can be house to Margaret Tempo Park, the place locals take pleasure in entry to strolling trails, athletic courts, a canine park, and plush inexperienced house. Commuters love this space because of its central location and easy accessibility to Interstates 95, 195, and 395. 

Beds Common Sq. Toes Common Hire
Studio 561 sq. ft. $1,930 /mo. 
One Bedroom Apartment 741 sq. ft.  $2,326 /mo.
Two Bedroom Apartment 1,145 sq. ft. $3,018 /mo.
Three Bedroom Apartment 1,454 sq. ft.  $3,348 /mo.


The Wynwood Walls graffiti art museum in the Wynwood neighborhood of Miami, FL.

When you’re trying to stay in a neighborhood that is aware of tips on how to have a very good time, then Wynwood is an ideal alternative! Wynwood is a outstanding leisure neighborhood with loads of bars, eating places, musical halls, and breweries. There’s additionally a large artwork district full of galleries, pictures studios, and museums. Locals take pleasure in buying on the Wynwood Trend District, they usually respect the neighborhood’s proximity to the interstates, South Seashore, Downtown Miami, and Miami Worldwide Airport. 

Beds Common Sq. Toes Common Hire
Studio 530 sq. ft. $2,514 /mo. 
One Bedroom Apartment 678 sq. ft. $2,531 /mo. 
Two Bedroom Apartment 958 sq. ft. $2,598 /mo. 
Three Bedroom Apartment 1,375 sq. ft. $5,366 /mo.

Coral Way 

A colorful lifeguard station on the beach in Coral Way, Miami FL.

Simply southwest of Brickell, Coral Method is a captivating neighborhood with historic character and tree-lined streets. Coral Method has created the right mix of residential tranquility with business comfort. Renters can select between a wide range of luxurious residences and condos which are close to a number of eating places, markets, and a number of other outlets. The final perk of dwelling in Coral Method is its central location. Residents love the fast and easy accessibility to fascinating facilities equivalent to Virginia Key Seashore Park, together with a straightforward commute through the use of the Metrorail or taking Interstate 95 or Route 1. 

Beds Common Sq. Toes Common Hire
Studio 228 sq. ft.  $1,563 /mo. 
One Bedroom Apartment 623 sq. ft.  $2,170 /mo. 
Two Bedroom Apartment 925 sq. ft. $2,979 /mo. 
Three Bedroom Apartment 1,246 sq. ft. $3,844 /mo. 

South Miami 

The lights of South Miami at night.

The neighborhood of South Miami is house to the College of Miami, with touches of group ambiance, stylish eating places, and high-quality leases. This space is ideal for healthcare staff because it’s house to 2 main hospitals. Locals love tropical parks, public transit, and the downtown setting. With its rising group, South Miami has develop into some of the sought-after neighborhoods in South Florida! 

Beds Common Sq. Toes Common Hire
Studio 500 sq. ft. $1,298 /mo. 
One Bedroom Apartment 628 sq. ft.  $1,378 /mo. 
Two Bedroom Apartment 973 sq. ft. $1,807 /mo. 
Three Bedroom Apartment 862 sq. ft. $5,738 /mo. 

When you’re able to be enchanted by the Magic Metropolis, find your apartment in Miami in the present day and you may quickly be sinking your toes within the sand beneath the palm timber! 

House hire knowledge is supplied by CoStar Group’s February 2023 Miami Market Report.

Up to date on February 2, 2023 to mirror present hire costs.

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