Hialeah Rent Report: October 2024

Welcome to the Apartment List October 2024 Rent Report for Hialeah, FL. Currently, the overall median rent in the city stands at $1,726, roughly the same as last month. Prices remain up 2.6% year-over-year. Read on to learn more about what’s been happening in the Hialeah rental market and how it compares to trends throughout the broader Miami metro area and the nation as a whole.

Hialeah rents are flat month-over-month and up 2.6% year-over-year

The median rent in Hialeah fell by 0.2% over the course of September, and has now increased by a total of 2.6% over the past 12 months. Hialeah’s rent growth over the past year has has outpaced both state (-2.0%) and national (-0.7%) averages.

Hialeah rent growth in 2024 pacing above last year

Nine months into the year, rents in Hialeah have risen 3.7%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to September 2023 rents had increased 1.3%.

September rent growth in Hialeah ranked #31 among large U.S. cities

Hialeah rents went down 0.2% in the past month, compared to the national rate of -0.5%. Among the nation's 100 largest cities, this ranks #31. Similar monthly rent growth took place in Arlington, TX (-0.2%) and Colorado Springs, CO (-0.2%).

Hialeah is the #26 most expensive large city in the U.S., with a median rent of $1,726

Citywide, the median rent currently stands at $1,346 for a 1-bedroom apartment and $1,876 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,726. That ranks #26 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,234 for a 1-bedroom, $1,390 for a 2-bedroom, and $1,405 overall. The median rent in Hialeah is 22.9% higher than the national, and is similar to the prices you would find in Long Beach, CA ($1,757) and Aurora, CO ($1,719).

Hialeah rents are 4.4% lower than the metro-wide median

If we expand our view to the wider Miami metro area, the median rent is $1,806 meaning that the median price in Hialeah ($1,726) is 4.4% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at -0.5%, below the rate of rent growth within just the city.

The table below shows the latest rent stats for 24 cities in the Miami metro area that are included in our database. Among them, Boca Raton is currently the most expensive, with a median rent of $2,416. North Miami is the metro’s most affordable city, with a median rent of $1,519. The metro's fastest annual rent growth is occurring in Miami Beach (8.4%) while the slowest is in Coral Springs (-5.1%).

You can also use the map below to explore the latest rent trends in the Miami metropolitan area.

Methodology

Apartment List is committed to the accuracy and transparency of our rent estimates. We begin 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, capturing apartment transactions over time 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. For more details, please see the Apartment List Rent Estimate Methodology.

Data Access

Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.