Apartments in Downtown Miami

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$1,800 - 2,700
Miami, FL
1 - 3 BR | Available Now
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19
$2,800
Miami, FL
3 BR | Apr. 30, 2024
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11
$1,600
Miami, FL
1 BR | Available Now
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$1,550 - 1,650
Miami, FL
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$1,650 - 2,000
Miami, FL
1 - 2 BR | Available Now
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Downtown Miami
13
$1,450
Miami, FL
Studio | Available Now
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8
$1,575
Miami, FL
1 BR | Apr. 30, 2024
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10
$1,446
1540 NW 1 Ct Miami, FL
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Downtown Miami
$3,962
Miami, FL
3 BR | Available Now
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10
$1,900
Miami, FL
2 BR | Available Now
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Miami, FL
1 BR | Available Now
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Overtown
3
$1,700 - 1,800
Miami, FL
1 BR | Available Now
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Downtown Miami
11
$3,230
Miami, FL
2 BR | Available Now
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11
$1,550
Miami, FL
1 BR | Available Now
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Overtown
38
$2,525
Miami, FL
1 BR | Available Now
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Downtown Miami
44
$2,710
Miami, FL
1 BR | Available Now
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16
$2,490
Miami, FL
1 BR | Available Now
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24
$2,006 - 3,190
Miami, FL
Studio - 2 BR | Available Now
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20
$2,449
Miami, FL
1 BR | Available Now
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2
$1,350
Miami, FL
1 BR | Available Now
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Overtown
19
$1,989
Miami, FL
Studio | Available Now
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12
$1,550
Miami, FL
1 BR | Available Now
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10
$2,095
Miami, FL
Studio | Available Now
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Section 8
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9
$1,700
Miami, FL
1 BR | Available Now
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15
$1,750
Miami, FL
1 BR | Apr. 1, 2024
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Overtown
21
$6,800
Miami, FL
2 BR | Apr. 1, 2024
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10
$4,850
Miami, FL
1 BR | Available Now
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9
$15,000
Miami, FL
3 BR | Available Now
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8
$3,000
Miami, FL
1 BR | Available Now
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$3,700
Miami, FL
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  1. Home
  2. Miami
  3. Downtown Miami
Downtown Miami Neighborhood Summary

Miami is a great city with lots of great neighborhoods to live in and fun places to hang out. And the heart of the city is downtown. After all, there is no better place for work or play in South Florida than in Downtown Miami! Whether you’re enjoying the great shopping or visiting a local museum, there is no shortage of things to do in this part of town.

Miami:
March Rent Report

Welcome to the March 2024 Miami Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Miami rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Miami and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Miami average rent prices in the chart below.

Monthly Rent Report

$3,100
$2,330
$1,550
$780
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Miami Rent Prices Decrease From February to March

Miami rent prices decreased over the last month. From February to March, the city experienced a -0.56% decrease for the price of a one-bedroom apartment. The rent price for a Miami one-bedroom apartments currently stands at $2,481.0.

When we take a look at the two-bedroom comparison from February to March, Miami experienced a 0.23% increase for the price of a two-bedroom apartment. The rent price for a Miami two-bedroom apartments currently stands at $3,039.0.

March Prices: Miami vs. Surrounding Areas

Miami Beach, FL
Miami, FL
Hialeah, FL
Davie, FL
Doral, FL
Hollywood, FL
Plantation, FL
Fort Lauderdale, FL
$2,692
$2,495
$2,389
$2,322
$2,061
$1,934
$1,910
$1,804
$0
$900
$1,800
$2,700
$3,600
Median 1 BR Rent

Rent Prices in Miami and Surrounding Areas

Rent prices have decreased in Miami over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Miami suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Hialeah, FL, Plantation, FL, Hollywood, FL, Davie, FL .

  • Rent decreased in Miami Beach, FL, Fort Lauderdale, FL, Doral, FL.

  • 1 suburb is currently priced higher than the city of Miami.

  • 6 suburbs are currently priced lower than the city of Miami.

March 2024 Pricing Trends: Miami vs. National Comparisons

New York, NY
San Francisco, CA
Miami, FL
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,495
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Miami Rent Prices More Affordable Than Major Cities

Rent growth in Miami over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Miami average rent prices appear to be relatively affordable for local residents.

The price for a Miami one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Miami and surrounding area rent prices, take a look at the complete data set below.

Data set for Miami and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Miami, FL $2,495.0 1.67% $3,032.0 0.76%
Miami Beach, FL $2,692.0 -0.96% $3,941.0 -1.47%
Hialeah, FL $2,389.0 1.32% $2,929.0 1.88%
Fort Lauderdale, FL $1,804.0 -0.50% $2,875.0 0.56%
Plantation, FL $1,910.0 0.85% $2,307.0 -0.04%
Doral, FL $2,061.0 -0.58% $2,601.0 -1.74%
Hollywood, FL $1,934.0 8.11% $2,610.0 3.65%
Davie, FL $2,322.0 0.35% $2,768.0 -2.29%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.