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What to Know About
Living in Miami, FL
Miami is a city that offers a unique blend of tropical beauty and urban excitement, from its pristine beaches to vibrant nightlife, making it an iconic city that never sleeps. With an eclectic mix of museums, art galleries, and historical landmarks, it offers abundant cultural and intellectual opportunities. Miami also boasts some of the most picturesque beaches in the world, including South Beach, Haulover Beach, and Miami Beach, perfect for swimming, sunbathing, and water sports. In addition, Miami's lush tropical landscapes, including the Everglades National Park and Biscayne National Park, are a must-visit for nature lovers.
Sports lovers will enjoy the city's love for competition, home to some of the most exciting professional sports teams, including the Miami Dolphins (NFL), Miami Marlins (MLB), Florida Panthers (NHL), and the Miami Heat (NBA). And with world-class events like the Miami Open tennis tournament, the South Beach Wine & Food Festival, and the Art Basel Miami Beach art show, Miami has something for everyone.
Whether you're seeking a tropical paradise, a cosmopolitan atmosphere, or a place to call home, Miami is the perfect destination, where the sun, sand, and urban excitement come together to create a magical experience.
Rental Market Trends
Miami, FL
As of July 2025, Miami's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Miami's average rent is 38.1% ($791) higher than the Florida average of $2,075 and 61.5% ($1,091) higher than the U.S. average of $1,775.
Average Rent
$2,866
Monthly ChangeMonth Over Month Change
0.7% ($19)
Yearly ChangeYear Over Year Change
3.8% ($112)
Avg. Days on MarketAverage Days on Market
27
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,362 | 0.1% ($2) | 8% ($204) |
| 2 Beds | $3,012 | 0.7% ($21) | 4.7% ($147) |
| 3 Beds | $3,722 | 4.4% ($173) | 7.4% ($299) |
| Nearby Cities | Average Rent | Avg. Rent vs. MiamiAverage Rent vs. Miami | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Key Biscayne | $5,392 | 88.1% ($2526) | 28 days |
| Miami Beach | $3,165 | 10.4% ($299) | 34 days |
| Hialeah | $2,735 | 4.6% ($131) | 29 days |
| Opa Locka | $1,525 | 46.8% ($1341) | 29 days |
| Miami Gardens | $2,504 | 12.6% ($362) | 28 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Miami Rental Market FAQs
Explore rental prices, market trends, and availability in Miami, FL.
The average rent in Miami, FL is $2,866 per month.
Homes in Miami typically rent for between $1,653 and $4,839 per month, with an average of $2,866 per month.
In Miami, the average rent for a 1-bedroom home is $2,362 per month, for a 2-bedroom home, $3,012 per month, and a 3-bedroom home is $3,722 per month.
The average rent in Miami is 61.5% ($1,091) higher than the national average of $1,775 per month.
The average rent in Miami has decreased by 0.7% ($19) in the last month and decreased by 3.8% ($112) over the past year.
The rental market in Miami, FL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Miami, FL, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1,838 rental property available in Miami, FL.
Based on the current averages, a household would need an annual income of $120,480 to comfortably afford a 2-bedroom home in Miami.
