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City Report · FL

West Miami

Pop. 7,162·87th most expensive in Florida·Rental market data updated monthly for West Miami, FL
Median rent (all units)
$2,406/mo
Year-over-Year
-1.6%
Month-over-Month
+2.3%
vs US Median
+$444
Rising (Monthly)
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Most AffordableMost Expensive
West Miami · $2,406
More expensive than 76% of US cities · National median $1,962/mo
Affordability
47% of income
STRETCHED
0%30% benchmark60%+

At $2,406/mo, rent takes about 47% of the local median household income, well above the 30% benchmark.

Income to afford
$96,000/yr
Local median income
$61,274/yr
Based on the 30%-of-income rule using West Miami's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,220
1 BR
$1,837
2 BR
$2,448
3 BR
$2,153
Fair Market Rent (HUD)
$2,448/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,406 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
$28,872/yr
At $2,406/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-1.6% YoY, +2.3% MoM), not inventory.
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Demographics

Who lives here

West Miami, FL is roughly split between renters and owners, has a median income below the national average, 40% of residents hold a bachelor's degree or higher.

Population
7,162
Median income
$61,274
Median age
40.5
Renters
49.7%
Age distribution
14.4%
25.3%
29.2%
13.8%
17.3%
Under 1814.4%
18–3425.3%
35–5429.2%
55–6413.8%
65+17.3%
Gender
50.9%
49.1%
Male50.9%
Female49.1%
Race & ethnicity
27.1%
86%
White27.1%
Hispanic86%
Asian7%
Education (25+)
17.3%
17.4%
25.4%
40%
No HS diploma17.3%
HS diploma17.4%
Some college25.4%
Bachelor's+40%
Housing tenure
50.3%
49.7%
Owner50.3%
Renter49.7%

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

2023 vs 2026

How West Miami, FL has changed in 5 years

Rent
$2,610 → $2,406
down 7.8%
Income
$59,436 → $61,274
up 3.1%
Population
7,090 → 7,162
up 1.0%
Renter share
47.5% → 49.7%
+2.2 pts
Bachelor's+
35.6% → 40%
+4.4 pts

Since 2023, the typical rent in West Miami, FL has declined from $2,610 to $2,406, a 7.8% change over five years. Household income in the area moved from $59,436 to $61,274 across the same window, up 3.1% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 1.0% since 2021, moving from about 7,090 residents to roughly 7,162. Renters now make up 49.7% of households, compared with 47.5% five years ago. College-educated residents now make up 40% of adults here, versus 35.6% in 2021. Reading these numbers side by side helps frame whether current listings in West Miami, FL look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in West Miami on your salary?

At $2,406/mo, how West Miami rent compares to typical pay (30% rule).

By apartment size

West Miami rent by bedroom count

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

Local insights

Tips for renters in West Miami

About renting in West Miami, FL

Last updated: August 17, 2026

The median rent in West Miami is $2,406/mo as of August 2026. A studio apartment averages $2,220/mo while a 2-bedroom runs $2,448/mo. One-bedroom apartments average $1,837/mo and 3-bedroom units go for $2,153/mo.

At 47% of local median household income ($61,274/yr), West Miami ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.6% over the past year.

FAQ

Frequently asked questions

Is West Miami an affordable city for renters?

West Miami is considered stretched for renters. At $2,406/mo, rent takes approximately 47% of the local median household income ($61,274/yr). The standard benchmark is 30%. West Miami significantly exceeds that threshold, making it challenging for many renters.

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

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (~$46/hour full-time) to afford the median rent of $2,406/mo in West Miami. The local median household income is $61,274/yr, meaning the typical West Miami household falls short of that threshold.

Is rent going up or down in West Miami?

Rent in West Miami has decreased 1.6% over the past year as of August 2026, offering some relief compared to 12 months ago.

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

West Miami is one of the pricier cities in Florida for rent, ranking #87 out of 291 tracked cities at $2,406/mo.

What percentage of West Miami residents rent vs. own?

According to Census data, approximately 49.7% of West Miami households are renters, while 50.3% are owner-occupied. West Miami leans toward homeownership, which can mean a smaller rental inventory.

How does West Miami rent compare to the national average?

West Miami's median rent of $2,406/mo is $444 (23%) above the US national median of $1,962/mo. Within Florida, it ranks #87 out of 291 tracked cities.
Income Affordability
47%
STRETCHED

At $2,406/mo, rent takes ~47% of West Miami's median household income ($61,274/yr). The standard benchmark is 30%.

West Miami 47%Benchmark 30%
State income taxNone
Run the West Miami affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near West Miami, FL

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