Miami is the most expensive city to live in the state of Florida in July 2022. Miami is also one of the top five most expensive US cities to live in. The average rent for a one-bedroom apartment is $2,500 per month. One-bedroom apartment rentals are up 39.70% year-on-year (July 2021 to July 2022). In Miami’s most expensive neighborhoods, average prices for renting a one-bedroom apartment range from $2,500 to $4,000 per month. Park West is Miami’s most expensive area today. The average rental price for a one-bedroom apartment is $4,000 per month. Also in the top five most expensive neighborhoods in Miami included Brickell ($3,400/month), Edgewater ($3,210/month), Downtown Miami ($3,000/month), Media and Entertainment District ($3,000/month). Consider the most expensive neighborhoods in Miami with the highest one-bedroom rental rates in July 2022.