Rents are right about where Miami Shores's 10-year trend predicts.
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 $3,387 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 Shores, FL is majority owner-occupied, has a median income above the national average, 64.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Miami Shores, FL has changed in 5 years
Rent in Miami Shores, FL has climbed 17.4% since 2022, going from about $2,885 per month to roughly $3,387 today. Census figures show median household income at $144,050 today, compared with $127,721 five years earlier. Rent outpaced income growth by roughly 4.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 11,551 to 11,752 between 2021 and 2024, a 1.7% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 60.7% to 64.1%. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.
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Can you afford rent in Miami Shores on your salary?
At $3,387/mo, how Miami Shores rent compares to typical pay (30% rule).
Miami Shores rent by bedroom count
Median rent for each apartment size in Miami Shores. Click any size for full breakdown.
Tips for renters in Miami Shores
Last updated: August 17, 2026
The median rent in Miami Shores is $3,387/mo as of August 2026. a 2-bedroom runs $2,083/mo and 3-bedroom units go for $3,501/mo.
At 28% of local median household income ($144,050/yr), Miami Shores ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.0% over the past year.
Frequently asked questions
Is Miami Shores an affordable city for renters?
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Is rent going up or down in Miami Shores?
How does Miami Shores rent compare to other cities in Florida?
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What percentage of Miami Shores residents rent vs. own?
How does Miami Shores rent compare to the national average?
At $3,387/mo, rent takes ~28% of Miami Shores's median household income ($144,050/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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