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Apartment List - your Rental Concierge
Start Your Miami Apartment Search
How many bedrooms do you need?
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Average Rent in Miami & Rent Price Trends

October 8, 2021

Considering moving to Miami? Before you start apartment hunting, learn about the local rental market. Make sure you know the average rent in Miami to get your budget started!

Average Rent in Miami

Note: The data provided reflects our available units on Apartment List. For data that reflects the entire market, we recommend you visit our Rent Report, which is created based on our holistic methodology. You can also download the raw data containing rent estimates for hundreds of cities across the country.

Miami rents have increased by 3.4% compared to last month, and are up by 25.96% compared to last year.

  • 1% of apartments in Miami cost less than $1,000 per month.
  • 14% of apartments in Miami cost between $1,000-$1,999 per month.
  • 44% of apartments in Miami cost between $2,000-$2,999 per month.
  • 41% of apartments in Miami cost over $3,000 per month.

  • 12% of apartments in Miami are studio apartments.
  • 41% of apartments in Miami are 1-bedroom apartments.
  • 34% of apartments in Miami are 2-bedroom apartments.
  • 13% of apartments in Miami are 3-bedroom apartments.

Learn about the best neighborhoods in Miami.

What Salary Do You Need to Live in Miami?

Using the 30% rule, we can give a rough estimate of the salary needed to rent an apartment in Miami. If these numbers look high, remember that a roommate or two can drastically cut down your monthly rent!

  • If you are renting an average priced studio apartment in Miami, your annual salary should be around $76,356 or higher.
  • If you are renting an average priced 1-bedroom apartment in Miami, your annual salary should be around $92,808 or higher.
  • If you are renting an average priced 2-bedroom apartment in Miami, your annual salary should be around $121,032 or higher.
  • If you are renting an average priced 3-bedroom apartment in Miami, your annual salary should be around $158,364 or higher.

Considering Renting in Miami?

Ready to make the move to Miami? Start apartment hunting in Miami with our quiz!

If you're considering renting in Florida, be sure to learn more about:

Florida:

Miami:

Orlando:

Tampa:

Having trouble deciding how much rent you can afford? Try using a rent calculator.

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AUTHOR
Kimi is a Content Associate and contributing author at Apartment List, helping renters find a new place to call home. Kimi earned her BA in Organizational Studies, Economics from Scripps College. Read More
SENIOR RESEARCH ASSOCIATE
Rob is a senior research associate at Apartment List, where he examines trends in the housing and rental markets. Previously he worked in public health policy, and before that, graduated from UCLA with a degree in Globalization. Read More
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