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1691 Apartments for rent in Miami, FL

Read Guide >
Last updated November 13 at 5:29am UTC
Advenir at University Park
10495 SW 14th Ter
Miami, FL
Updated November 13 at 1:59am UTC
Studio
$1,405
1 Bedroom
$1,588
2 Bedrooms
$1,565
Midtown Five
125 Northeast 32nd Street
Miami, FL
Updated November 12 at 10:34pm UTC
Studio
$1,696
1 Bedroom
$2,146
2 Bedrooms
$2,735
2500 Biscayne
2500 Biscayne Boulevard
Miami, FL
Updated November 13 at 5:28am UTC
1 Bedroom
$2,103
2 Bedrooms
$2,680
City Guide
Miami
Renting in Miami

Condos are king—that’s the first thing you’ll need to know about renting in Miami. Sure there are some apartments here, but South Florida is practically the condo capital of the world. Brokers are often used here, so enlisting a specialist to help you is a good idea. If you see something you like, it’d be wise to jump on it.

How much will it cost?

The cost of living here is higher than the national average according to Kiplinger’s 2010 rankings, but affordable apartments can be had, and condo prices came tumbling down when the housing bubble burst (it burst pretty hard in Florida). Renting a condo will generally cost a lot more since the owner is responsible for assessment fees (aka association fees), which are payments each owner makes towards the overall upkeep of the property.

Condo Complications

Besides the extra costs, condos can also be tricky because of the extra humanoids that are often in the mix. You’ve got the condo association, the owner of the unit, and the tenant. Remember that the units are owned by someone, so that means people will be a little more concerned about their upkeep and the building overall. That’s great for maintaining a nice place, but it’s also a pain in the neck when the old lady in 9G complains about your stamp collection being “too noisy.”

When to start looking

Give yourself about 4-6 weeks of time to find a place in Miami. Any less than that and you could wind up spending more time watching Jai alai matches than you anticipated. Keep in mind August and September are the months most likely to feature tropical storm activity, so if Hurricane Harry is about to blow through, your real estate agent might be about to blow you off.

What you need

Nothing too fancy needed here. Bring your credit report, proof of income, rental history, and references.

Miami Neighborhoods

Got a bilingual bone in your body? An estimated 2/3 of the population list Spanish as their first language, and for the uninitiated, some neighborhoods will have you checking your GPS to make sure you’re still in los Estados Unidos. If you don’t speak any Spanish, your choice of neighborhood is muy importante.

Aventura: Technically its own city (since 1995), Aventura is part of Miami-Dade county and a lovely area full of high-rise condos and fancy homes. It also has the famous Aventura Mall.

Brickell: The financial district center and part of the greater downtown area, Brickell is chock full of towering condominiums that will cost plenty. This section is growing fast and it’s also one of the best spots to live sans car, as the city’s Metrorail and Metromover train systems stop here.

Coconut Grove: This famously festive neighborhood has lots of condos and pricey single family homes. Nightlife and the arts are very well represented here. You also might bump into LeBron James at the supermarket.

Coral Gables: One of the original planned communities, Coral Gables is a scenic area that’s home to the University of Miami. There’s lots of upscale restaurants and shopping to be found here, and it’s a great place to rent if you can find a place.

Design District: A small area south of Little Haiti, this neighborhood is a haven for dozens of art galleries. You’ll find many warehouses here and just a few places to live.

Downtown: The urban center and heart of the city. High rises are expensive but increasingly populated.

Hialeah: A predominantly middle class Hispanic neighborhood.

Kendall: A pricier suburb of Miami between Coral Gables and Downtown, this area strikes a good balance between affordable and comforting.

Key Biscayne: An island retreat for the wealthy.

Little Havana: As its name implies, this spot is home to many Cuban immigrants and a mecca for Hispanic culture. Some areas are really on the upswing.

Little Haiti: A home away from home for the huge Haitian population in Miami, this area is full of Creole cooking and Creole-speaking residents.

Miami Lakes: A pleasantly planned town, Miami Lakes has a hometown feel that’s hard to find in many parts of the city.

Miami Shores: An inviting area of North Miami that stretches in from Biscayne Bay.

Opa-Locka: A small city within Miami-Dade, Opa-Locka is considered a place to avoid.

Overtown: A depressed area and another spot to skip.

South Beach: The beach. The celebs. (The diet.) South Beach features a dizzying mix of clubs, restaurants, hotels and shopping. Even if you have the cash to live here, vacancy rates hover around 2%.

Sunny Isles Beach: This small barrier island brings you plenty of beachiness with its condos. Lots of retirees here.

Life in Miami

Habla Español? If that question has you perplexed, Miami may not be for you. In many parts of the city, English will not be the native language, and in some parts, you’ll have a tough time finding anyone who speaks it. Learning Spanish, or at least having a working knowledge of basic phrases, will make your time in Miami much easier.

Cars vs. Speedboats

So after watching season three of Miami Vice, you’re left wondering, “Do I need a car or a speedboat in Miami?” Sadly, the answer is the less exciting of the two. While the Metrorail (high speed), Metromover (free rapid transit downtown), and Metrobus options are great if you live downtown, everyone else will likely be in a car. Walk Score gives Miami a 72, so compared to Florida’s average score of 45, this is one city where you can strut your stuff.

Hurricanes Can Hurt

Winter won’t be a worry here (January’s average high temperature is 75 degrees), but hurricanes – or the threat of them - will get your attention each summer. The Atlantic hurricane season officially runs from June 1 through November 30, but August and September are the months that you’ll find yourself watching way more of The Weather Channel than you’d like. Buy yourself some peace of mind by having an evacuation plan and organizing a disaster supply kit complete with water, non-perishable food, a flashlight, batteries, portable radio, cash, and whatever else you think you might need if you lose power for several days.

Living in Miami can present some challenges in the way of language, cost and climate, but if you find a nice place to live, you’ll call one of the most vibrant, action-packed cities on the globe home. Enjoy it!

November 2018 Miami Rent Report

Welcome to the November 2018 Miami Rent Report. Miami rents increased over the past month. In this report, we'll evaluate trends in the Miami rental market, including comparisons to cities throughout the metro, state, and nation.

View full Miami Rent Report

Rent Report
Miami

November 2018 Miami Rent Report

Welcome to the November 2018 Miami Rent Report. Miami rents increased over the past month. In this report, we'll evaluate trends in the Miami rental market, including comparisons to cities throughout the metro, state, and nation.

Miami rents increase sharply over the past month

Miami rents have increased 0.8% over the past month, and are up marginally by 0.8% in comparison to the same time last year. Currently, median rents in Miami stand at $1,080 for a one-bedroom apartment and $1,360 for a two-bedroom. Miami's year-over-year rent growth lags the state average of 1.7%, as well as the national average of 1.1%.

Rents rising across the Miami Metro

Throughout the past year, rent increases have been occurring not just in the city of Miami, but across the entire metro. Of the largest 10 cities that we have data for in the Miami metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Miami Beach has the least expensive rents in the Miami metro, with a two-bedroom median of $1,270; the city has also seen rents fall by 0.8% over the past year, the biggest drop in the metro.
  • Hialeah has seen the fastest rent growth in the metro, with a year-over-year increase of 2.3%. The median two-bedroom there costs $1,400, while one-bedrooms go for $1,110.
  • Pembroke Pines has the most expensive rents of the largest cities in the Miami metro, with a two-bedroom median of $2,410; rents grew 0.2% over the past month and 1.1% over the past year.

Many large cities nationwide show more affordable rents compared to Miami

As rents have increased marginally in Miami, a few large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Miami is less affordable for renters.

  • Rents increased moderately in other cities across the state, with Florida as a whole logging rent growth of 1.7% over the past year. For example, rents have grown by 2.7% in Jacksonville and 2.6% in Tampa.
  • Miami's median two-bedroom rent of $1,360 is above the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 0.8% rise in Miami.
  • While Miami's rents rose marginally over the past year, the city of Seattle saw a decrease of 1.3%.
  • Renters will generally find more expensive prices in Miami than most large cities. For example, Memphis has a median 2BR rent of $830, where Miami is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Miami $1,080 $1,360 0.8% 0.8%
Hialeah $1,110 $1,400 0.2% 2.3%
Fort Lauderdale $1,140 $1,450 0.5% 0.2%
Pembroke Pines $1,900 $2,410 0.2% 1.1%
Hollywood $1,110 $1,410 0.6% 1.1%
West Palm Beach $1,080 $1,370 0.6% 2.0%
Pompano Beach $1,150 $1,460 0.8% 1.6%
Miami Beach $1,000 $1,270 -1.4% -0.8%
Boca Raton $1,440 $1,830 0.4% 1.3%
Deerfield Beach $1,180 $1,500 0.6% 0.4%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

Renter Confidence Survey

Apartment List has released Miami’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters, provides insight on what states and cities must do to meet the needs of 111 million American renters nationwide.

"Miami renters expressed general satisfaction with the city overall," according to Apartment List. "They gave most categories near average scores."

Key findings in Miami include the following:

    ...
View full Miami Renter Confidence Survey
Miami Renter Confidence Survey
National study of renter’s satisfaction with their cities and states
Here's how Miami ranks on:
C+ Overall satisfaction
B- Safety and crime rate
D Jobs and career opportunities
C+ Recreational activities
D Affordability
B- Quality of schools
B Social Life
A- Weather
F Commute time
A- State and local taxes
C Public transit
C+ Pet-friendliness
Best Worst
Full data available when viewing on a non-mobile device.
Overview of Findings

Apartment List has released Miami’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters, provides insight on what states and cities must do to meet the needs of 111 million American renters nationwide.

"Miami renters expressed general satisfaction with the city overall," according to Apartment List. "They gave most categories near average scores."

Key findings in Miami include the following:

  • Miami renters gave their city a C+ overall.
  • The highest-rated categories for Miami were weather and state and local taxes, which both received A- grades.
  • The areas of concern to Miami renters are commute time (F), affordability (D) and jobs and career opportunities (D).
  • Millennial renters are unsatisfied with their city, giving it an overall rating of D, while renters who are parents are slightly more satisfied, giving it a C.
  • Miami did relatively poorly compared to other cities in Florida, including Tampa (B), Fort Lauderdale (B-) and Boca Raton (A).
  • Miami earned similar scores to other cities, including New York, NY (C+), Los Angeles (C+) and Philadelphia, PA (C+).
  • The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.

Renters say:

  • "Close to the beach, shopping centers, parks and schools." – Kristhal S.
  • "Miami is an amazing city with young people from all over the world. It’s a great place to build a career and meet friends. But the cost of living is quite high, especially for new graduates." – Katherine W.
  • "I love the weather, the people and the culture. But it can be hard to find good jobs." – Oswaldo A.
  • "Love the weather and the vibe of the city. Hate the traffic and the lack of public transportation. Not a pedestrian-friendly city at all." – Anon.

For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.