Apartments in Tigertail Miami

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34

$2,340

Avalon Merrick Park

Deal

3811 Shipping Ave Miami, FL

Studio | Available Now

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55

$3,317

Miami - Brickell - Port of Miami

298 SW 15Th Rd Miami, FL

Studio | Available Now

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Dog Friendly

Cat Friendly

Short-term

Air Conditioning

Covered Parking

5

$6,000

1687 SW 11 St

Miami, FL

4 BR | Available Now

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House

32

$12,500

730 SW 26th Rd

Miami, FL

3 BR | Available Now

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House

Balcony/Deck/Patio

Dishwasher

18

$4,900

1801 SW 10th St

Miami, FL

6 BR | May. 15, 2024

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Dog Friendly

House

Dishwasher

$2,100 - 2,250

8Cho Apartments

821-829 SW 18th Ave Miami, FL

2 BR | May. 15, 2024

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Dog Friendly

Cat Friendly

Storage

11

$3,150

2030 S Douglas Rd Unit 707

Coral Gables, FL

2 BR | Available Now

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Balcony/Deck/Patio

Dishwasher

20

$3,862 - 8,823

Gables Columbus Center

Deal

60 Minorca Coral Gables, FL

1 - 3 BR | Available Now

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Dog Friendly

Cat Friendly

Luxury

Air Conditioning

Covered Parking

15

$4,500

601 SW 23rd Rd

Miami, FL

4 BR | Available Now

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Dog Friendly

Cat Friendly

House

Dishwasher

$1,470

842 SW 12 Th Ct Unit Upper

Miami, FL

3 BR | Jun. 16, 2024

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7

$8,750

2127 Brickell Ave Unit 1605

Miami, FL

2 BR | Available Now

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Balcony/Deck/Patio

Dishwasher

19

$2,516 - 5,695

Gables Ponce

Deal

310 Granello Ave Coral Gables, FL

Studio - 2 BR | Available Now

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Dog Friendly

Cat Friendly

Luxury

Section 8

In Unit Laundry

$6,700

529 Southwest 20Th Road

Miami, FL

6 BR | Available Now

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Balcony/Deck/Patio

Dishwasher

7

$1,275

Novacol, Llc

710 SW 10th St Miami, FL

Studio | Available Now

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Dog Friendly

Cat Friendly

Storage

Disability Access

20

3D Tour

$2,931 - 3,702

Gables 37 Grand

987 SW 37Th Avenue Miami, FL

1 - 2 BR | Available Now

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Dog Friendly

Cat Friendly

Virtual Tour

Luxury

Covered Parking

3

$1,975

Tyche, Llc

501 SW 10th St Miami, FL

2 BR | Jul. 5, 2024

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Dog Friendly

Cat Friendly

Surface Parking

Storage

Upper Brickell

9

$1,475

218 Phoenetia Ave

Coral Gables, FL

Studio | Available Now

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Surface Parking

Storage

$2,250

Recently Renovated Apartment In Downtown Coral Gables

222 Phoenetia Ave Apt 5 Coral Gables, FL

2 BR | Available Now

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Dishwasher

17

$2,050

475 SW 7th St Unit 1Bed

Miami, FL

1 BR | Available Now

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Air Conditioning

Dishwasher

Upper Brickell

20

$1,950

475 SW 7th St Unit Studio

Miami, FL

Studio | Available Now

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Dishwasher

Upper Brickell

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Tigertail

Miami:
May Rent Report

Welcome to the May 2024 Miami Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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

$3,200

$2,400

$1,600

$800

$0

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Miami Rent Prices Increase From April to May

Miami rent prices increased over the last month. From April to May, the city experienced a 1.46% increase for the price of a one-bedroom apartment. The rent price for a Miami one-bedroom apartments currently stands at $2,500.0.

When we take a look at the two-bedroom comparison from April to May, Miami experienced a 1.6% increase for the price of a two-bedroom apartment. The rent price for a Miami two-bedroom apartments currently stands at $3,110.0.

May Prices: Miami vs. Surrounding Areas

Miami Beach, FL

Miami, FL

Hialeah, FL

Doral, FL

Hollywood, FL

Fort Lauderdale, FL

Plantation, FL

$2,773

$2,464

$2,388

$2,129

$2,018

$1,960

$1,939

$0

$950

$1,900

$2,850

$3,800

Median 1 BR Rent

Rent Prices in Miami and Surrounding Areas

Rent prices have increased 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, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Miami Beach, FL, Fort Lauderdale, FL, Plantation, FL, Doral, FL .
Rent decreased in Hialeah, FL, Hollywood, FL.
1 suburb is currently priced higher than the city of Miami.
5 suburbs are currently priced lower than the city of Miami.

May 2024 Pricing Trends: Miami vs. National Comparisons

New York, NY

San Francisco, CA

Miami, FL

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,464

$2,377

$2,336

$1,913

$1,300

$1,283

$1,178

$0

$1,350

$2,700

$4,050

$5,400

Median Rent

Miami Rent Prices More Affordable Than Major Cities

Rent growth in Miami over the past year has been on the rise. 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 May	1 BR M/M % Change	2 BR May	2 BR M/M % Change
Miami, FL	$2,464.0	-0.69%	$3,061.0	0.72%
Miami Beach, FL	$2,773.0	1.43%	$3,989.0	1.71%
Fort Lauderdale, FL	$1,960.0	7.81%	$3,148.0	10.57%
Hialeah, FL	$2,388.0	-0.04%	$2,764.0	-3.36%
Plantation, FL	$1,939.0	0.62%	$2,311.0	0.09%
Doral, FL	$2,129.0	1.48%	$2,545.0	-0.27%
Hollywood, FL	$2,018.0	-2.84%	$2,581.0	-1.60%

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.