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City Report · FL

Miami Shores

Pop. 11,752·21st most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$3,211/mo
Year-over-Year
+2.5%
Month-over-Month
-8.3%
vs US Median
+$1,246
Falling (Monthly)
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Most AffordableMost Expensive
Miami Shores · $3,211
More expensive than 93% of US cities · National median $1,965/mo
Rent Reality Score
64/100
Good value
OverheatedFairGreat value

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

Actual rent
$3,211/mo
Expected by trend
$3,444/mo
The Rent Reality Score compares today's median rent to where Miami Shores's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

2 BR
$2,083
3 BR
$3,501
Research median
$2,083/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$38,532/yr
At $3,211/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+2.5% YoY, -8.3% MoM), not inventory.
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Demographics

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.

Population
11,752
Median income
$144,050
Median age
36.4
Renters
12.5%
Age distribution
22%
26.6%
26%
13%
12.4%
Under 1822%
18–3426.6%
35–5426%
55–6413%
65+12.4%
Gender
43.6%
56.4%
Male43.6%
Female56.4%
Race & ethnicity
45.6%
16.5%
37.2%
White45.6%
Black16.5%
Hispanic37.2%
Asian2.8%
Education (25+)
13.7%
18%
64.1%
No HS diploma4.1%
HS diploma13.7%
Some college18%
Bachelor's+64.1%
Housing tenure
87.5%
12.5%
Owner87.5%
Renter12.5%

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

2022 vs 2026

How Miami Shores, FL has changed in 5 years

Rent
$2,885 → $3,211
up 11.3%
Income
$127,721 → $144,050
up 12.8%
Population
11,551 → 11,752
up 1.7%
Renter share
13.8% → 12.5%
-1.3 pts
Bachelor's+
60.7% → 64.1%
+3.4 pts
Median age
40 → 36.4
-3.6 yrs

Rent in Miami Shores, FL has climbed 11.3% since 2022, going from about $2,885 per month to roughly $3,211 today. Census figures show median household income at $144,050 today, compared with $127,721 five years earlier. 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.

Community

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View Miami Shores rent history (2015–2026) →
Salary vs rent

Can you afford rent in Miami Shores on your salary?

At $3,211/mo, how Miami Shores rent compares to typical pay (30% rule).

By apartment size

Miami Shores rent by bedroom count

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

Local insights

Tips for renters in Miami Shores

About renting in Miami Shores, FL

Last updated: July 20, 2026

The median rent in Miami Shores is $3,211/mo as of July 2026. a 2-bedroom runs $2,083/mo and 3-bedroom units go for $3,501/mo.

At 27% of local median household income ($144,050/yr), Miami Shores ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

Is Miami Shores an affordable city for renters?

Miami Shores is considered affordable for renters. At $3,211/mo, rent takes approximately 27% of the local median household income ($144,050/yr). The standard benchmark is 30%. Miami Shores falls comfortably within that range.

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

To keep rent at or below 30% of gross income, you would need to earn at least $128,000/year (~$62/hour full-time) to afford the median rent of $3,211/mo in Miami Shores. The local median household income is $144,050/yr, meaning the typical Miami Shores household meets that threshold.

Is rent going up or down in Miami Shores?

Rent in Miami Shores has increased 2.5% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Miami Shores is one of the pricier cities in Florida for rent, ranking #21 out of 288 tracked cities at $3,211/mo.

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

Several nearby cities have lower median rents than Miami Shores ($3,211/mo): Pinewood ($2,086/mo), North Miami ($2,330/mo), El Portal ($2,427/mo).

What percentage of Miami Shores residents rent vs. own?

According to Census data, approximately 12.5% of Miami Shores households are renters, while 87.5% are owner-occupied. Miami Shores leans toward homeownership, which can mean a smaller rental inventory.

How does Miami Shores rent compare to the national average?

Miami Shores's median rent of $3,211/mo is $1,246 (63%) above the US national median of $1,965/mo. Within Florida, it ranks #21 out of 288 tracked cities.
Income Affordability
27%
AFFORDABLE

At $3,211/mo, rent takes ~27% of Miami Shores's median household income ($144,050/yr). The standard benchmark is 30%.

Miami Shores 27%Benchmark 30%
State income taxNone
Run the Miami Shores affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Miami Shores, FL

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