The average apartment rent in Miami, FL: October 2022

Posted by:Aleksandr Belov Posted on:Oct 28,2022
Apartment rental prices in Miami, FL October 2022

Miami is the largest resort city in the United States, located in the state of Florida on the Atlantic coast. Developed infrastructure, comfortable weather throughout the year and the warm Atlantic Ocean – all these advantages have made Miami one of the most expensive cities in the United States. Today, Miami is one of the ten most expensive cities in the United States in terms of the cost of renting an apartment. Prices for buying and renting real estate continue to skyrocket every year. In this article, we look at the average rental prices for one and two-bedroom apartments in Miami, Florida as of October 2022. For example, from October 2021 to October 2022, rental prices for one-bedroom apartments in Miami increased by 21.30%. Two-bedroom apartments have risen in price even more – by 24.50% year-on-year. The median rental price for a one-bedroom apartment in Miami is $2,510 per month and for a two-bedroom apartment is $3,400 per month.

The cheapest neighborhoods in Miami include Sandalfoot Cove ($1,300/month for one-bedroom apartments), Liberty City ($1,375/month) and Brownsville ($1,400/month).

Miami’s most expensive neighborhoods include Park West ($3,850/month), Brickell ($3,390/month), Media and Entertainment District ($3,300/month).

Average rent for a 1-bedroom apartment in Miami, FL: October 2022

Average 1-bedroom rent price (October 2022) = $2,510/per month
Month-over-Month Price Change Rent (M/M %)
0%
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
21.3%

Average rent for a 2-bedroom apartment in Miami, FL: October 2022

Average 2-bedroom rent price (October 2022) = $3,400/per month
Month-over-Month Price Change Rent (M/M %)
0%
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
24.5%

The 3 Expensive Neighborhoods in Miami, FL: October 2022 (one-bedroom apartment)

1. Park West
$3,850/month
2. Brickell
$3,390/month
3. Media and Entertainment District
$3,300/month

The 3 Cheapest Neighborhoods in Miami, FL: October 2022 (one-bedroom apartment)

1. Sandalfoot Cove
$1,300/month
2. Liberty City
$1,375/month
3. Brownsville
$1,400/month

Aleksandr Belov

Author and editor of the ultramodern-hotels.com blog

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