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ZIP Code · FL

ZIP 33131

Part of Miami, FL
Pop. 23,095·Miami-Dade County·21st most expensive ZIP in Florida
Median rent (all units)
$3,779/mo
Year-over-Year
+1.0%
Month-over-Month
+0.6%
vs US Median
+$1,814
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33131 · $3,779
More expensive than 97% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,740
1 BR
$2,990
2 BR
$3,650
3 BR
$4,680
4 BR+
$5,410
Research median
$3,650/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
$45,348/yr
At $3,779/mo median
Location
CityMiami
StateFL
CountyMiami-Dade County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.0% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 33131 (Miami, FL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 78.5% of residents hold a bachelor's degree or higher.

Population
23,095
Median income
$144,138
Median age
35.9
Renters
63%
Age distribution
36.3%
34.6%
Under 1811.7%
18–3436.3%
35–5434.6%
55–6410.8%
65+6.7%
Gender
51.3%
48.7%
Male51.3%
Female48.7%
Race & ethnicity
42.1%
49.5%
White42.1%
Black4.3%
Hispanic49.5%
Asian5.1%
Education (25+)
13%
78.5%
No HS diploma2.3%
HS diploma6.2%
Some college13%
Bachelor's+78.5%
Housing tenure
37%
63%
Owner37%
Renter63%

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

2021 vs 2026

How ZIP 33131 in Miami, FL has changed in 5 years

Rent
$2,608 → $3,779
up 44.9%
Income
$107,171 → $144,138
up 34.5%
Population
22,529 → 23,095
up 2.5%
Renter share
69.1% → 63%
-6.1 pts
Bachelor's+
75.6% → 78.5%
+2.9 pts
Median age
34.6 → 35.9
+1.3 yrs

Five years ago, renters in ZIP 33131 in Miami, FL paid around $2,608 a month. That figure now sits near $3,779, up 44.9% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $107,171 in 2021 to $144,138 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33131 in Miami, FL adding about 566 residents over the five-year window, up 2.5% on net. The renter share has eased from 69.1% to 63%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 75.6% to 78.5% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 33131 in Miami, FL market of 2021.

Community

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Local insights

Tips for renters in ZIP 33131

About renting in ZIP 33131

Last updated: July 20, 2026

ZIP code 33131 covers Miami, FL. The median rent here is $3,779/mo as of July 2026. A 1-bedroom rents for a median of $2,990/mo. A 2-bedroom rents for a median of $3,650/mo.

At 31% of local median household income ($144,138/yr), ZIP 33131 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 33131?

As of July 20, 2026, the median monthly rent in ZIP 33131 (Miami, FL) is $3,779. This is based on aggregated data from public sources and community submissions.

How does ZIP 33131 rent compare to the US average?

ZIP 33131's median rent of $3,779/mo is $1,814 (92%) above the US national median of $1,965/mo.

How does ZIP 33131 compare to other ZIPs in Florida?

ZIP 33131 is one of the pricier ZIP codes in Florida, ranking #21 out of 662 ZIPs tracked at $3,779/mo.

How much income do you need to rent in ZIP 33131?

To keep rent at or below 30% of gross income, you would need to earn at least $151,000/year (~$73/hour full-time) to afford the median rent of $3,779/mo in ZIP 33131. The local median household income is $144,138/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 33131?

Rent in ZIP 33131 has increased 1.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 33131 an affordable place to rent?

ZIP 33131 is considered moderate for renters. At $3,779/mo, rent takes approximately 31% of the local median household income ($144,138/yr). The standard benchmark is 30%. ZIP 33131 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 33131 residents rent vs. own?

According to Census data, approximately 63% of ZIP 33131 households are renters, while 37% are owner-occupied. With a majority renter population, ZIP 33131 has a strong rental market.

How does ZIP 33131 compare to the rest of Miami?

ZIP 33131 is pricier than Miami as a whole. At $3,779/mo, it's $775 above the Miami citywide median of $3,004/mo.

When was rent data for ZIP 33131 last updated?

Rent data for ZIP 33131 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $3,779/mo, rent takes ~31% of ZIP 33131's median household income ($144,138/yr). The standard benchmark is 30%.

ZIP 33131 31%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 33131 (Miami, FL)

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