• Although Miami rents were 2.0 percent lower than they were last year in September, growth spiked upwards by 0.5 percent mont-over-month.
  • Miami Beach took the title of most expensive city for renters in the Miami metro in September.
  • Pembroke Pines held the fastest growing rents in September on an annual scale.

Apartment List recently released its latest rent report for Miami, finding rents here increased 0.5 percent from August to September.

Monthly, national trends

miami rent chart

Although Miami rents were 2.0 percent lower than they were last year in September, growth spiked upwards by 0.5 percent mont-over-month. Median rent prices in Miami were at $2,360 for a two-bedroom and $1,900 for a one-bedroom in September.

Most expensive city in the metro

metro miami rent sept

Miami Beach took the title of most expensive city for renters in the Miami metro in September. The median rent for two-bedrooms here was $2,400, while one-bedrooms went for $1,850. Miami came in second place for most expensive city to rent in the metro last month, with a median rent just $40 less than Miami Beach.

Fastest-growing rents

metro miami rent growth by city

Pembroke Pines held the fastest growing rents in September on an annual scale, increasing 3.6 percent to put median rent prices at $1,650 for a two-bedroom and $1,400 for a one-bedroom. Fort Lauderdale had the second fastest-growing median rent, rising 3.3 percent over last year.

 

For methodology and data for other cities in the Miami metro, see Apartment List’s full report.

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