262 Furnished Apartments for rent in Miami, FL

Last updated July 18 at 7:53pm UTC
350 S Miami Avenue
Miami Central Business District
Miami, FL
Updated July 18 at 6:50pm UTC
2 Bedrooms
$2,850
1060 Brickell Ave #3109
Brickell
Miami, FL
Updated July 18 at 6:38pm UTC
Studio
$2,000
90 SW 3rd St #1209
Miami Central Business District
Miami, FL
Updated July 18 at 6:38pm UTC
1 Bedroom
$2,050
700 Biltmore Way #1111
Coral Gables
Miami, FL
Updated July 18 at 6:38pm UTC
1 Bedroom
$1,950
244 Biscayne Blvd
Miami Central Business District
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$3,500
200 Biscayne Boulevard Way
Miami Central Business District
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$7,250
808 Brickell Key Dr
Brickell
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$5,450
31 SE 5th St
Brickell
Miami, FL
Updated July 18 at 6:37pm UTC
1 Bedroom
$2,100
3451 NE 1st Ave
Wynwood
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$3,000
3301 NE 1st Ave
Wynwood
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$5,470
90 SW 3rd St
Miami Central Business District
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$2,575
1200 BRICKELL BAY DR
Brickell
Miami, FL
Updated July 18 at 6:37pm UTC
1 Bedroom
$2,175
1060 BRICKELL AVE
Brickell
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$3,100
495 Brickell Ave
Brickell
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$3,750
7350 SW 89th St
Kendall
Miami, FL
Updated July 18 at 6:36pm UTC
1 Bedroom
$1,900
1100 S Miami Ave
Brickell
Miami, FL
Updated July 18 at 6:36pm UTC
1 Bedroom
$2,350
1900 N Bayshore Dr
Edgewater
Miami, FL
Updated July 18 at 6:37pm UTC
2 Bedrooms
$2,900

July 2018 Miami Rent Report

Welcome to the July 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

July 2018 Miami Rent Report

Welcome to the July 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 0.6% over the past month, and have increased slightly by 1.8% in comparison to the same time last year. Currently, median rents in Miami stand at $1,080 for a one-bedroom apartment and $1,370 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in March. Miami's year-over-year rent growth lags the state average of 2.6%, but exceeds the national average of 1.4%.

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 seen rents fall by 4.5% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Miami metro, with a two-bedroom median of $1,260.
  • Hialeah has seen the fastest rent growth in the metro, with a year-over-year increase of 3.9%. The median two-bedroom there costs $1,410, 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 1.0% over the past year.

Many large cities nationwide show more affordable rents compared to Miami

As rents have increased slightly in Miami, 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 2.6% over the past year. For example, rents have grown by 4.6% in Tampa and 2.6% in Jacksonville.
  • Miami's median two-bedroom rent of $1,370 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.8% increase in Miami.
  • While Miami's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and DC (-0.1%).
  • 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 $1,080 $1,370 0.6% 1.8%
Hialeah $1,110 $1,410 0.1% 3.9%
Fort Lauderdale $1,140 $1,450 0.3% 2.3%
Pembroke Pines $1,900 $2,410 0.2% 1.0%
Hollywood $1,120 $1,420 0.5% 2.2%
West Palm Beach $1,070 $1,360 0.2% 2.2%
Pompano Beach $1,160 $1,470 0.4% 1.8%
Miami Beach $990 $1,260 -1.0% -4.5%
Boca Raton $1,440 $1,830 0.2% 1.7%
Deerfield Beach $1,190 $1,510 0.3% 2.4%
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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.