ZIP Code · FL

ZIP 33128

Part of Miami, FL

Pop. 9,475·Miami-Dade County·115th most expensive ZIP in Florida

Median rent (all units)

$2,628/mo

Year-over-Year

-4.2%

Month-over-Month

-1.5%

vs US Median

+$696

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 33128 · $2,628

More expensive than 83% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,430

1 BR

$1,560

2 BR

$1,910

3 BR

$2,460

4 BR+

$2,920

Research median

$1,910/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 33128 is 6.9% below its high of $2,824 in October 2024, at $2,628 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33128 changed -4.2% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has fallen 3 months in a row, and rose in 3 of the last 12 months.

What a typical income covers

30% of the median household income ($42,722) is $1,068 a month. That is less than HUD's Fair Market Rent for a studio ($1,430).

Rank in Miami

13th cheapest of 26 ZIP codes in Miami.

Cheaper nearby

ZIP 33135, 2 miles away, rents for 21% less ($2,067/mo), about $6,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33128. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$31,536/yr

At $2,628/mo median

Location

CityMiami

StateFL

CountyMiami-Dade County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 4.2% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-4.2% YoY, -1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 33128 (Miami, FL) is majority renter-occupied, has a large retiree population, has a median income below the national average, 23.8% of residents hold a bachelor's degree or higher.

Population

9,475

Median income

$42,722

Median age

43.7

Renters

97.5%

Age distribution

14.7%

21.9%

30.8%

20.6%

Under 1814.7%

18–3421.9%

35–5430.8%

55–6412%

65+20.6%

Gender

52.5%

47.5%

Male52.5%

Female47.5%

Race & ethnicity

21.4%

85.1%

White21.4%

Black4.9%

Hispanic85.1%

Asian0.5%

Education (25+)

32.3%

31%

12.9%

23.8%

No HS diploma32.3%

HS diploma31%

Some college12.9%

Bachelor's+23.8%

Housing tenure

97.5%

Owner2.5%

Renter97.5%

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

2022 vs 2026

How ZIP 33128 in Miami, FL has changed in 5 years

Rent

$2,588 → $2,628

up 1.5%

Income

$25,984 → $42,722

up 64.4%

Population

8,665 → 9,475

up 9.3%

Renter share

96.7% → 97.5%

+0.8 pts

Bachelor's+

13.7% → 23.8%

+10.1 pts

Median age

41.3 → 43.7

+2.4 yrs

Five years ago, renters in ZIP 33128 in Miami, FL paid around $2,588 a month. That figure now sits near $2,628, up 1.5% from the 2022 baseline. Census figures show median household income at $42,722 today, compared with $25,984 five years earlier. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 33128 in Miami, FL adding about 810 residents over the five-year window, up 9.3% on net. Bachelor's-degree-or-higher attainment moved from 13.7% to 23.8% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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About renting in ZIP 33128

Last updated: October 17, 2026

ZIP code 33128 covers Miami, FL. The median rent here is $2,628/mo as of October 2026. A 1-bedroom rents for a median of $1,560/mo. A 2-bedroom rents for a median of $1,910/mo.

At 74% of local median household income ($42,722/yr), ZIP 33128 ranks as expensive compared to the national benchmark of 30%. Rents have decreased 4.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33128?

To keep rent at or below 30% of gross income, you would need to earn at least $105,000/year (about $50/hour full-time) to afford the median rent of $2,628/mo in ZIP 33128. The local median household income is $42,722/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33128?

Rent in ZIP 33128 has fallen 4.2% over the past year as of September 2026. It sits 6.9% below its high of $2,824 in October 2024.

How does ZIP 33128 compare to other ZIPs in Florida?

ZIP 33128 is one of the pricier among Florida ZIP codes for rent, ranking #115 of 656 at $2,628/mo. Over the year to September 2026, rent in ZIP 33128 changed -4.2%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.