Miami, FL Rental Market
Miami is a global city and the financial and trade gateway to Latin America, drawing an extraordinary mix of international businesses, multinational corporations, and wealthy foreign renters and buyers. The Brickell financial district's growing tech scene, a massive international tourism industry, and consistent foreign capital inflows give Miami one of the most demand-resilient rental markets in the United States.
Get a rent estimate for an address in MiamiAverage Rent in Miami, FL
$2,250
per month · 2026-06
Market Score
Key Facts — Miami, FL Rental Market
- Average rent in Miami, FL:$2,250/mo
- Median rent:$2,070/mo
- Rent range:$1,125 – $4,950/mo
- Most common rental (2 bedrooms):$1,975/mo
- Active listings:3,200
- Avg days to lease:28 days
- Year-over-year change:+4.2%
- Median home value:$480,000
- Est. gross annual yield:5.6%
- Data as of:2026-06
Rent by Bedroom in Miami, FL
Average monthly rent for each bedroom type based on current active listings in Miami.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,625/mo |
2 Bedrooms | $1,975/mo |
3 Bedrooms | $2,525/mo |
4 Bedrooms | $3,100/mo |
5 Bedrooms | $3,550/mo |
Miami Rental Market Statistics
Key indicators from the current Miami, FL rental market.
3,200
Available now in Miami
28
From list to lease
$1.55
Average across listings
1,450 sq ft
Typical rental size
$1,125 – $4,950
Min to max active listings
+4.2%
Avg rent vs. prior year
Investing in Miami, FL Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$480,000
Typical purchase price in Miami
Est. Gross Annual Yield
5.6%
Before expenses & vacancy
Avg Monthly Income
$2,250
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Miami for a full cash-flow breakdown including all costs.
Miami, FL Rental Market FAQ
Common questions about renting and investing in Miami, FL.
What is the average rent in Miami, FL?
The average rent in Miami, FL is $2,250 per month as of 2026. One-bedroom apartments average $1,625/mo, two-bedrooms average $1,975/mo, and three-bedroom homes average $2,525/mo. Premium neighborhoods like Brickell, Coconut Grove, and Coral Gables command significantly higher rents, while areas like Little Havana and Westchester offer more affordable options.
Is Miami, FL a good place to invest in rental property?
Miami offers an estimated 5.6% gross annual yield — reflective of its premium home values — but the market earns a high score due to strong 4.2% rent growth and an unparalleled international demand base. Foreign renter demand, a robust financial sector, and consistent tourism employment provide layers of tenant diversity that make Miami one of the most demand-stable markets in the country.
How competitive is the Miami, FL rental market?
Miami is Florida's most active rental market with over 3,200 listings and an average of just 28 days on market. International demand from Latin American and European renters, combined with strong domestic in-migration from New York and California, keeps vacancy consistently low. Luxury units in Brickell and Edgewater lease within days of listing.
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