31 Cheap Apartments for rent in Miami, FL

Last updated January 17 at 9:56am UTC
7920 Harding Ave
Altos Del Mar South
Miami, FL
Updated January 17 at 1:21am UTC
Studio
$1,050
1255 MARSEILLE DR
Isle Of Normandy Ocean Side
Miami, FL
Updated January 9 at 9:31am UTC
Studio
$975
7143 Bonita Dr.
North Beach
Miami, FL
Updated January 13 at 11:59am UTC
Studio
$1,050
7124 Bay Dr
Isle Of Normandy Ocean Side
Miami, FL
Updated January 17 at 9:24am UTC
Studio
$1,000
7720 Abbott Ave
Altos Del Mar South
Miami, FL
Updated January 17 at 1:20am UTC
Studio
$975
6405 NW 1st Pl
Little Haiti
Miami, FL
Updated January 12 at 9:38am UTC
2 Bedrooms
$1,050
7133 Bonita Dr
North Beach
Miami, FL
Updated January 17 at 9:14am UTC
Studio
$1,025
7035 NE 4th Ct
MiMo District
Miami, FL
Updated January 17 at 1:20am UTC
Studio
$950
291 NW 177th St
Cloverleaf Gardens
Miami, FL
Updated January 11 at 10:57am UTC
Studio
$900
544 NE 62nd St
Upper East Side
Miami, FL
Updated January 17 at 9:30am UTC
Studio
$1,000
10310 SW 175th St
West Perrine
Miami, FL
Updated January 3 at 11:32am UTC
2 Bedrooms
$995
7625 CARLYLE AV
Altos Del Mar South
Miami, FL
Updated January 17 at 9:24am UTC
Studio
$1,050
1125 NE 80th St
Upper East Side
Miami, FL
Updated January 17 at 1:20am UTC
Studio
$1,000
1021 NW 3rd St
Little Havana
Miami, FL
Updated January 11 at 10:48am UTC
1 Bedroom
$975
9461 SW 7th Ln
Miami
Miami, FL
Updated January 10 at 12:47pm UTC
1 Bedroom
$600
7928 Harding Ave
Altos Del Mar South
Miami, FL
Updated January 17 at 1:20am UTC
Studio
$1,050
320 80th St
Altos Del Mar South
Miami, FL
Updated January 17 at 1:20am UTC
Studio
$950
12553 SW 224th St
Goulds
Miami, FL
Updated January 3 at 11:21am UTC
1 Bedroom
$900
540 NW 165th St
Biscayne Gardens
Miami, FL
Updated January 17 at 9:56am UTC
Studio
$250
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January 2018 Miami Rent Report

Welcome to the January 2018 Miami Rent Report. Miami rents remained steady 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

January 2018 Miami Rent Report

Welcome to the January 2018 Miami Rent Report. Miami rents remained steady 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 held steady over the past month

Over the past month Miami rents have remained steady. Currently, median rents in Miami stand at $1,070 for a one-bedroom apartment and $1,360 for a two-bedroom. Miami's year-over-year rent growth lags the state average of 3.7%, as well as the national average of 2.8%.

Rents rising across the Miami Metro

While rents have remained steady in the city of Miami throughout the past year, cities across the metro have seen a different trend. Rents have risen in 9 of of the largest 10 cities in the Miami metro for which we have data. 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 8.9% 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 5.6%. The median two-bedroom there costs $1,370, while one-bedrooms go for $1,080.
  • Pembroke Pines has the most expensive rents of the largest cities in the Miami metro, with a two-bedroom median of $2,380; rents were up 2.0% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Miami

Rent growth in Miami has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Miami is less affordable for renters.

  • Other cities across the state have seen rents significantly increase, with Florida as a whole logging rent growth of 3.7% over the past year. For example, rents have grown by 6.2% in Tampa and 4.5% in Jacksonville.
  • Miami's median two-bedroom rent of $1,360 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the stagnant growth in Miami.
  • While rents in Miami remained moderately stable this year, similar cities saw increases, including Los Angeles (+3.4%), Seattle (+3.0%), and Houston (+2.5%); note that median 2BR rents in these cities go for $1,750, $1,640, and $1,030 respectively.
  • Renters will generally find more expensive prices in Miami than most large cities. For example, Memphis has a median 2BR rent of $820, 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 $1,070 $1,360 0.3% 0.4%
Hialeah $1,080 $1,370 0.1% 5.6%
Fort Lauderdale $1,140 $1,450 -0.2% 2.2%
Pembroke Pines $1,880 $2,380 0.2% 2.0%
Hollywood $1,120 $1,420 0.1% 2.0%
Miami Gardens $1,120 $1,420 0.1% 3.6%
West Palm Beach $1,050 $1,340 -0.1% 2.9%
Pompano Beach $1,140 $1,450 0.1% 2.4%
Miami Beach $1,000 $1,270 -0.4% -8.9%
Boca Raton $1,440 $1,820 0.3% 1.4%
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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.