Welcome to Apartment List’s February 2016 Miami Rent Report.

With rents on the up-and-up, we took a look at Florida cities to see how they fare, and Miami is the most expensive city in the state and one of the most expensive cities across the nation.

Miami rent far exceeds other cities in state

Unsurprisingly, Miami outstrips all other Floridian cities as the most expensive city for renters statewide, with a median two-bedroom rent of $2,410 and a median one-bedroom rent of $1,810.

These rent rates compare poorly against cities like Tampa and Orlando, who boast median 2-bedroom rates of $1,180 and $1,110, respectively.

Miami rent grows fifth-quickest in state

Miami experienced a 3.9 percent rent growth, making it the fifth fastest-growing rental city in the past year. This is a 0.6 percent faster rent growth rate than that of the nation (at 3.3 percent), placing Miami fairly on par with the rest of the country.

This rent growth rate also ranks Miami very well against Orlando and Tampa, who experienced year-over-year rent growth rates of 8.2 percent and 7.7 percent, respectively.

Yuki Graviet Knapp is a Content Marketing Associate with the Growth Team at Apartment List and is a resident of the Bay Area. 

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription