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ZIP Code · FL

ZIP 33138

Part of Miami, FL
Pop. 28,980·Miami-Dade County·204th most expensive ZIP in Florida
Median rent (all units)
$2,372/mo
Year-over-Year
+3.4%
Month-over-Month
+2.8%
vs US Median
+$407
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33138 · $2,372
More expensive than 75% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,620
1 BR
$1,770
2 BR
$2,160
3 BR
$2,770
4 BR+
$3,200
Research median
$2,160/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
$28,464/yr
At $2,372/mo median
Location
CityMiami
StateFL
CountyMiami-Dade County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.4% YoY, +2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 33138 (Miami, FL) is roughly split between renters and owners, 47.3% of residents hold a bachelor's degree or higher.

Population
28,980
Median income
$75,051
Median age
41.4
Renters
52.2%
Age distribution
18.6%
19.5%
30.3%
15%
16.6%
Under 1818.6%
18–3419.5%
35–5430.3%
55–6415%
65+16.6%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
31.5%
29.8%
39.4%
White31.5%
Black29.8%
Hispanic39.4%
Asian0.7%
Education (25+)
13.6%
17%
22%
47.3%
No HS diploma13.6%
HS diploma17%
Some college22%
Bachelor's+47.3%
Housing tenure
47.8%
52.2%
Owner47.8%
Renter52.2%

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

2021 vs 2026

How ZIP 33138 in Miami, FL has changed in 5 years

Rent
$1,525 → $2,372
up 55.5%
Income
$57,063 → $75,051
up 31.5%
Population
30,029 → 28,980
down 3.5%
Renter share
51.2% → 52.2%
+1.0 pts
Bachelor's+
43.8% → 47.3%
+3.5 pts
Median age
40.5 → 41.4
+0.9 yrs

The median rent in ZIP 33138 in Miami, FL stood at $1,525 in 2021 and currently runs about $2,372, reflecting a 55.5% increase over the period. Household income in the area moved from $57,063 to $75,051 across the same window, up 31.5% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 3.5% since 2021, moving from about 30,029 residents to roughly 28,980. College-educated residents now make up 47.3% of adults here, versus 43.8% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 33138 in Miami, FL look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 33138

About renting in ZIP 33138

Last updated: July 20, 2026

ZIP code 33138 covers Miami, FL. The median rent here is $2,372/mo as of July 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,160/mo.

At 38% of local median household income ($75,051/yr), ZIP 33138 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 33138?

As of July 20, 2026, the median monthly rent in ZIP 33138 (Miami, FL) is $2,372. This is based on aggregated data from public sources and community submissions.

How does ZIP 33138 rent compare to the US average?

ZIP 33138's median rent of $2,372/mo is $407 (21%) above the US national median of $1,965/mo.

How does ZIP 33138 compare to other ZIPs in Florida?

ZIP 33138 is one of the pricier ZIP codes in Florida, ranking #204 out of 662 ZIPs tracked at $2,372/mo.

How much income do you need to rent in ZIP 33138?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (~$46/hour full-time) to afford the median rent of $2,372/mo in ZIP 33138. The local median household income is $75,051/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 33138?

Rent in ZIP 33138 has increased 3.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 33138 an affordable place to rent?

ZIP 33138 is considered moderate for renters. At $2,372/mo, rent takes approximately 38% of the local median household income ($75,051/yr). The standard benchmark is 30%. ZIP 33138 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 33138 residents rent vs. own?

According to Census data, approximately 52.2% of ZIP 33138 households are renters, while 47.8% are owner-occupied. With a majority renter population, ZIP 33138 has a strong rental market.

How does ZIP 33138 compare to the rest of Miami?

ZIP 33138 is more affordable than Miami overall. At $2,372/mo, it's $632 below the Miami citywide median of $3,004/mo.

When was rent data for ZIP 33138 last updated?

Rent data for ZIP 33138 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
38%
MODERATE

At $2,372/mo, rent takes ~38% of ZIP 33138's median household income ($75,051/yr). The standard benchmark is 30%.

ZIP 33138 38%Benchmark 30%
State income taxNone
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