Apartments in Kings Bay Miami

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19

$7,000

14540 Sailfish Dr

Coral Gables, FL

5 BR | Available Now

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Kings Bay

5

$3,500

16575 Old Cutler Rd

Palmetto Bay, FL

2 BR | Available Now

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14

$7,450

7300 SW 121st St

Miami, FL

4 BR | Available Now

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25

$4,800

Charming Home In A Quiet Location

15460 SW 82 Ct Palmetto Bay, FL

3 BR | Available Now

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1

$5,600

7300 SW 116th St

Pinecrest, FL

3 BR | Available Now

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1

$5,600

7300 SW 116th St #0

Pinecrest, FL

3 BR | Available Now

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13

$7,900

8270 SW 130th St

Miami, FL

4 BR | Available Now

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17

$11,500

7400 SW 114th St

Miami, FL

4 BR | Available Now

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Miami:
December Rent Report

Welcome to the December 2024 Miami Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Miami rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Miami and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Miami average rent prices in the chart below.

Monthly Rent Report

$3,200

$2,400

$1,600

$800

$0

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Miami Rent Prices Decrease From November to December

Miami rent prices decreased over the last month. From November to December, the city experienced a -3.16% decrease for the price of a one-bedroom apartment. The rent price for a Miami one-bedroom apartments currently stands at $2,393.0.

When we take a look at the two-bedroom comparison from November to December, Miami experienced a -0.29% decrease for the price of a two-bedroom apartment. The rent price for a Miami two-bedroom apartments currently stands at $2,756.0.

December Prices: Miami vs. Surrounding Areas

Fort Lauderdale, FL

Dania Beach, FL

Miramar, FL

Hollywood, FL

Miami, FL

Hialeah, FL

Doral, FL

Plantation, FL

$2,974

$2,682

$2,492

$2,485

$2,471

$2,308

$1,952

$1,877

$0

$1,000

$2,000

$3,000

$4,000

Median 1 BR Rent

Rent Prices in Miami and Surrounding Areas

Rent prices have decreased in Miami over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Miami suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Hollywood, FL, Miramar, FL, Doral, FL, Dania Beach, FL .
Rent decreased in Fort Lauderdale, FL, Plantation, FL, Hialeah, FL.
4 suburbs are currently priced higher than the city of Miami.
3 suburbs are currently priced lower than the city of Miami.

December 2024 Pricing Trends: Miami vs. National Comparisons

New York, NY

San Francisco, CA

Miami, FL

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,134

$3,160

$2,471

$2,389

$2,353

$1,914

$1,318

$1,255

$1,234

$0

$1,350

$2,700

$4,050

$5,400

Median Rent

Miami Rent Prices More Affordable Than Major Cities

Rent growth in Miami over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Miami average rent prices appear to be relatively affordable for local residents.

The price for a Miami one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Miami and surrounding area rent prices, take a look at the complete data set below.

Data set for Miami and suburbs

	1 BR December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Miami, FL	$2,471.0	-0.40%	$2,764.0	0.18%
Fort Lauderdale, FL	$2,974.0	-1.43%	$3,926.0	-2.89%
Hollywood, FL	$2,485.0	0.24%	$3,231.0	2.73%
Plantation, FL	$1,877.0	-0.11%	$2,276.0	0.40%
Miramar, FL	$2,492.0	1.22%	$3,066.0	0.20%
Doral, FL	$1,952.0	0.41%	$2,450.0	0.45%
Hialeah, FL	$2,308.0	-0.17%	$2,689.0	0.30%
Dania Beach, FL	$2,682.0	1.25%	$2,964.0	-0.30%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.