Rents are 11% below what Miami Beach's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,851 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Miami Beach, FL is majority renter-occupied, 52.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Miami Beach, FL has changed in 5 years
Five years ago, renters in Miami Beach, FL paid around $2,021 a month. That figure now sits near $2,851, up 41.1% 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.
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Can you afford rent in Miami Beach on your salary?
At $2,851/mo, how Miami Beach rent compares to typical pay (30% rule).
Miami Beach rent by bedroom count
Median rent for each apartment size in Miami Beach. Click any size for full breakdown.
Tips for renters in Miami Beach
Last updated: August 17, 2026
The median rent in Miami Beach is $2,851/mo as of August 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 47% of local median household income ($72,856/yr), Miami Beach ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.
Frequently asked questions
Is Miami Beach an affordable city for renters?
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Which Miami Beach neighborhoods have the lowest rent?
How does Miami Beach rent compare to other cities in Florida?
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What percentage of Miami Beach residents rent vs. own?
How does Miami Beach rent compare to the national average?
At $2,851/mo, rent takes ~47% of Miami Beach's median household income ($72,856/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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