Miami, FL Rent History

137 months of data, 20152026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).

Today (2026-06)
$3,004
1-year change
+1.6%
$46/mo
5-year change
+38.4%
$833/mo
10-year change
+67.9%
$1,215/mo

Monthly rent trend

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Year-by-year rent in Miami

YearMedian rentYoY changevs 2015
2015$1,740/mo0.0%
2016$1,791/mo+2.9%+2.9%
2017$1,802/mo+0.6%+3.6%
2018$1,844/mo+2.3%+6.0%
2019$1,884/mo+2.2%+8.3%
2020$1,926/mo+2.2%+10.7%
2021$2,073/mo+7.6%+19.1%
2022$2,751/mo+32.7%+58.1%
2023$2,900/mo+5.4%+66.7%
2024$2,950/mo+1.7%+69.5%
2025$2,954/mo+0.1%+69.8%
2026$3,012/mo+2.0%+73.1%

Frequently asked questions

How much has rent in Miami changed since 2015?

Median rent in Miami, FL was $1,708 in 2015-01 and is $3,004 as of 2026-06 — a change of $1,296 per month over 11 years.

How much has Miami rent increased in the last 5 years?

Over the past 5 years, median rent in Miami, FL has changed +38.4% ($833 per month). The current median is $3,004.

What has rent in Miami done over the past decade?

Over the past 10 years, median rent in Miami, FL has changed +67.9% ($1,215 per month). It is now $3,004.

Is rent in Miami going up or down year over year?

Year over year, median rent in Miami, FL has increased +1.6% ($46/mo). Current median: $3,004.

See full rent data for Miami, FL
Methodology: Rent figures use ZORI (Zillow Observed Rent Index) monthly smoothed seasonally-adjusted values for all properties (single family + condo + multifamily). Year-by-year table uses April readings (or nearest available month) for consistency across years. 1-/5-/10-year change uses the same month 2026 as the anchor.