How much does it cost to rent in Miami Beach, FL?

As of July 2026, the median monthly rent in Miami Beach, FL is $2,978. This figure is based on aggregated data from public sources and community-submitted rents.

Is Miami Beach cheaper than other Florida cities?

Miami Beach is one of the pricier cities in Florida, ranking #30 out of 288 cities tracked at $2,978/mo.

When was Miami Beach rent data last updated?

Miami Beach rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Miami Beach

Name: Average Rent Prices in Miami Beach, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 82,031·30th most expensive in Florida·Miami Beach rents are up 7.4% over the past year

Median rent (all units)

$2,978/mo

Year-over-Year

+7.4%

Month-over-Month

-1.9%

vs US Median

+$1,013

Falling (Monthly)

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Most AffordableMost Expensive

Miami Beach · $2,978

More expensive than 90% of US cities · National median $1,965/mo

Rent Reality Score

63/100

Good value

OverheatedFairGreat value

Rents are 7% below what Miami Beach's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,978/mo

Expected by trend

$3,190/mo

The Rent Reality Score compares today's median rent to where Miami Beach's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$2,203

1 BR

$2,447

2 BR

$3,003

3 BR

$3,880

4 BR+

$4,547

Research median

$3,003/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$35,736/yr

At $2,978/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (7.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+7.4% YoY, -1.9% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Miami Beach, FL is majority renter-occupied, 52.9% of residents hold a bachelor's degree or higher.

Population

82,031

Median income

$72,856

Median age

42.9

Renters

59.1%

Age distribution

15.1%

21.8%

31%

13.2%

18.8%

Under 1815.1%

18–3421.8%

35–5431%

55–6413.2%

65+18.8%

Gender

52.8%

47.2%

Male52.8%

Female47.2%

Race & ethnicity

51.6%

52.5%

White51.6%

Black4.2%

Hispanic52.5%

Asian2.8%

Education (25+)

16.7%

21.6%

52.9%

No HS diploma8.8%

HS diploma16.7%

Some college21.6%

Bachelor's+52.9%

Housing tenure

40.9%

59.1%

Owner40.9%

Renter59.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Miami Beach, FL has changed in 5 years

Rent

$2,021 → $2,978

up 47.4%

Income

$59,162 → $72,856

up 23.1%

Population

83,469 → 82,031

down 1.7%

Renter share

64.1% → 59.1%

-5.0 pts

Bachelor's+

49.6% → 52.9%

+3.3 pts

Median age

41.7 → 42.9

+1.2 yrs

Five years ago, renters in Miami Beach, FL paid around $2,021 a month. That figure now sits near $2,978, up 47.4% from the 2021 baseline. Median household income climbed from $59,162 to $72,856 between 2021 and 2024, a 23.1% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Miami Beach, FL losing about 1,438 residents over the five-year window, down 1.7% on net. The renter share has eased from 64.1% to 59.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 49.6% to 52.9% across the same window. Taken together, the five-year picture in Miami Beach, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Miami Beach

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View Miami Beach rent history (2015–2026) →

Salary vs rent

Can you afford rent in Miami Beach on your salary?

At $2,978/mo, how Miami Beach rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 40.7% income

rent-burdened

Elementary School Teacher

Avg $62,384/yr · Rent = 57.3% income

severely rent-burdened

Police Officer

Avg $71,861/yr · Rent = 49.7% income

rent-burdened

Software Developer

Avg $128,442/yr · Rent = 27.8% income

affordable

Lawyer

Avg $164,117/yr · Rent = 21.8% income

affordable

Firefighter

Avg $58,413/yr · Rent = 61.2% income

severely rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 67.8% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 55% income

severely rent-burdened

By apartment size

Miami Beach rent by bedroom count

Median rent for each apartment size in Miami Beach. Click any size for full breakdown.

Local insights

Tips for renters in Miami Beach

About renting in Miami Beach, FL

Last updated: July 20, 2026

The median rent in Miami Beach is $2,978/mo as of July 2026. A studio apartment averages $2,203/mo while a 2-bedroom runs $3,003/mo. One-bedroom apartments average $2,447/mo and 3-bedroom units go for $3,880/mo.

At 49% of local median household income ($72,856/yr), Miami Beach ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.4% over the past year.

FAQ

Frequently asked questions

Is Miami Beach an affordable city for renters?

Miami Beach is considered stretched for renters. At $2,978/mo, rent takes approximately 49% of the local median household income ($72,856/yr). The standard benchmark is 30%. Miami Beach significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Miami Beach?

To keep rent at or below 30% of gross income, you would need to earn at least $119,000/year (~$57/hour full-time) to afford the median rent of $2,978/mo in Miami Beach. The local median household income is $72,856/yr, meaning the typical Miami Beach household falls short of that threshold.

Is rent going up or down in Miami Beach?

Rent in Miami Beach has increased 7.4% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Miami Beach neighborhoods have the lowest rent?

The most affordable ZIP codes in Miami Beach are 33141 ($2,632/mo), 33139 ($3,010/mo), and 33140 ($3,839/mo). Citywide, the median rent in Miami Beach is $2,978/mo.

How does Miami Beach rent compare to other cities in Florida?

Miami Beach is one of the pricier cities in Florida for rent, ranking #30 out of 288 tracked cities at $2,978/mo.

Which nearby cities are cheaper to rent in than Miami Beach?

El Portal is nearby and more affordable at $2,427/mo, which is $551 less than Miami Beach.

What percentage of Miami Beach residents rent vs. own?

According to Census data, approximately 59.1% of Miami Beach households are renters, while 40.9% are owner-occupied. With a majority renter population, Miami Beach has a strong rental market.

How does Miami Beach rent compare to the national average?

Miami Beach's median rent of $2,978/mo is $1,013 (52%) above the US national median of $1,965/mo. Within Florida, it ranks #30 out of 288 tracked cities.

Income Affordability

49%

STRETCHED

At $2,978/mo, rent takes ~49% of Miami Beach's median household income ($72,856/yr). The standard benchmark is 30%.

Miami Beach 49%Benchmark 30%

State income taxNone

Run the Miami Beach affordability calculator →

Nearby cities