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City Report · FL

North Miami

Pop. 60,344·108th most expensive in Florida·Rental market data updated monthly for North Miami, FL
Median rent (all units)
$2,300/mo
Year-over-Year
+2.6%
Month-over-Month
-1.3%
vs US Median
+$338
Falling (Monthly)
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Most AffordableMost Expensive
North Miami · $2,300
More expensive than 73% of US cities · National median $1,962/mo
Rent Reality Score
69/100
Good value
OverheatedFairGreat value

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

Actual rent
$2,300/mo
Expected by trend
$2,545/mo
The Rent Reality Score compares today's median rent to where North Miami's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,570
1 BR
$1,737
2 BR
$2,137
3 BR
$2,767
4 BR+
$3,267
Fair Market Rent (HUD)
$2,137/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,300 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$27,600/yr
At $2,300/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+2.6% YoY, -1.3% MoM), not inventory.
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Demographics

Who lives here

North Miami, FL is majority renter-occupied, has a median income below the national average, 25.2% of residents hold a bachelor's degree or higher.

Population
60,344
Median income
$57,188
Median age
38.3
Renters
56.5%
Age distribution
23.3%
21.8%
27.7%
15.2%
Under 1823.3%
18–3421.8%
35–5427.7%
55–6411.9%
65+15.2%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
16.5%
53%
33.9%
White16.5%
Black53%
Hispanic33.9%
Asian1%
Education (25+)
17.8%
33.2%
23.8%
25.2%
No HS diploma17.8%
HS diploma33.2%
Some college23.8%
Bachelor's+25.2%
Housing tenure
43.5%
56.5%
Owner43.5%
Renter56.5%

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

2021 vs 2026

How North Miami, FL has changed in 5 years

Rent
$1,583 → $2,300
up 45.3%
Income
$44,283 → $57,188
up 29.1%
Population
60,449 → 60,344
down 0.2%
Renter share
55.6% → 56.5%
+0.9 pts
Bachelor's+
19.9% → 25.2%
+5.3 pts

Since 2021, the typical rent in North Miami, FL has climbed from $1,583 to $2,300, a 45.3% change over five years. On the earnings side, the typical household in North Miami, FL now reports about $57,188, up from $44,283 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 25.2% of adults here, versus 19.9% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and North Miami, FL reflects that arc in its own way.

Community

Discussions about North Miami

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

Can you afford rent in North Miami on your salary?

At $2,300/mo, how North Miami rent compares to typical pay (30% rule).

By apartment size

North Miami rent by bedroom count

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

Local insights

Tips for renters in North Miami

About renting in North Miami, FL

Last updated: August 17, 2026

The median rent in North Miami is $2,300/mo as of August 2026. A studio apartment averages $1,570/mo while a 2-bedroom runs $2,137/mo. One-bedroom apartments average $1,737/mo and 3-bedroom units go for $2,767/mo.

At 48% of local median household income ($57,188/yr), North Miami ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.

FAQ

Frequently asked questions

Is North Miami an affordable city for renters?

North Miami is considered stretched for renters. At $2,300/mo, rent takes approximately 48% of the local median household income ($57,188/yr). The standard benchmark is 30%. North Miami significantly exceeds that threshold, making it challenging for many renters.

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

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (~$44/hour full-time) to afford the median rent of $2,300/mo in North Miami. The local median household income is $57,188/yr, meaning the typical North Miami household falls short of that threshold.

Is rent going up or down in North Miami?

Rent in North Miami has increased 2.6% over the past year as of August 2026, putting upward pressure on renter budgets.

Which North Miami neighborhoods have the lowest rent?

The most affordable ZIP codes in North Miami are 33161 ($2,323/mo), 33181 ($2,429/mo), and 33168 ($2,539/mo). Citywide, the median rent in North Miami is $2,300/mo.

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

North Miami is middle-of-the-pack for Florida for rent, ranking #108 out of 291 tracked cities at $2,300/mo.

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

Several nearby cities have lower median rents than North Miami ($2,300/mo): Pinewood ($1,997/mo), Golden Glades ($2,181/mo).

What percentage of North Miami residents rent vs. own?

According to Census data, approximately 56.5% of North Miami households are renters, while 43.5% are owner-occupied. With a majority renter population, North Miami has a strong rental market.

How does North Miami rent compare to the national average?

North Miami's median rent of $2,300/mo is $338 (17%) above the US national median of $1,962/mo. Within Florida, it ranks #108 out of 291 tracked cities.
Income Affordability
48%
STRETCHED

At $2,300/mo, rent takes ~48% of North Miami's median household income ($57,188/yr). The standard benchmark is 30%.

North Miami 48%Benchmark 30%
State income taxNone
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Lowest-rent ZIP codes in North Miami
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near North Miami, FL

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