ZIP 33137
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 33137 usually run 0.4% below trend in January and 0.5% above it in July, about $32 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 33137 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 33137 changed +3.8% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 33137 rose 60.5% while median household income rose 47.7% ($63,650 to $94,036). Rent outpaced income.
Rent in ZIP 33137 is 64.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 13 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($94,036) is $2,351 a month. That is less than HUD's Fair Market Rent for a studio ($2,620).
22nd cheapest of 26 ZIP codes in Miami.
ZIP 33127, 2 miles away, rents for 18% less ($2,952/mo), about $7,800 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 33137. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 33137 (Miami, FL) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 50.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 33137 in Miami, FL has changed in 5 years
Five years ago, renters in ZIP 33137 in Miami, FL paid around $2,416 a month. That figure now sits near $3,603, up 49.1% from the 2021 baseline. Household income in the area moved from $66,225 to $94,036 across the same window, up 42.0% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33137 in Miami, FL adding about 6,646 residents over the five-year window, up 29.2% on net. The renter share has eased from 75.1% to 71.8%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 33137 in Miami, FL look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 33137
Last updated: October 17, 2026
ZIP code 33137 covers Miami, FL. The median rent here is $3,603/mo as of October 2026. A 1-bedroom rents for a median of $2,860/mo. A 2-bedroom rents for a median of $3,490/mo.
At 46% of local median household income ($94,036/yr), ZIP 33137 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.
Frequently asked questions
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How does ZIP 33137 compare to the rest of Miami?
At $3,603/mo, rent takes ~46% of ZIP 33137's median household income ($94,036/yr). The standard benchmark is 30%.
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