Rentometer, Inc. | Data as of 10/24/2025
The Miami‑Fort Lauderdale‑West Palm Beach metro area boasts a dynamic rental market that blends vibrant urban living with relaxed coastal charm. From sleek high‑rise apartments in Brickell and downtown Miami to spacious single‑family homes in the gardens of Coral Gables and the historic districts of Fort Lauderdale, renters enjoy a diverse array of options that suit both professionals and families. Popular neighborhoods such as Wynwood, South Beach, and the Riverwalk district offer easy access to art galleries, fine dining, and bustling nightlife, while the tranquil suburbs of Boca Raton and Palm Beach provide easy commutes to pristine beaches and top‑rated schools.
Apartment rentals in the metro reflect a broad price spectrum, with studio units typically found in the $2100s and one‑bedroom apartments centered around the $2200 mark. Larger layouts, including two‑ and three‑bedroom units, command higher rates, often reaching the $3500‑$4000 range for premium locations. For those preferring the flexibility of a house, studio and one‑bedroom homes are generally priced in the $1900s and $1700s respectively, while three‑bedroom houses comfortably sit in the $3500‑$4000 bracket, offering ample space for growing families or home‑based work setups.
Beyond the numbers, the region’s lifestyle assets enhance rental appeal: world‑class waterfronts, extensive bike trails, and a thriving cultural scene make the Miami‑Fort Lauderdale‑West Palm Beach area a top choice for renters seeking a balance of excitement and serenity. Whether you’re drawn to the energetic pulse of downtown Miami or the laid‑back vibe of Palm Beach’s historic shorefront, the metro’s rental market delivers quality, variety, and proximity to the best South Florida has to offer.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,923 | $2,080 | $1,195 - $2,700 | $1,295 - $2,503 |
| Apartment | 1 Bedroom | $2,495 | $2,365 | $900 - $9,000 | $1,900 - $2,786 |
| Apartment | 2 Bedroom | $3,330 | $2,933 | $1,360 - $9,500 | $2,395 - $3,702 |
| Apartment | 3 Bedroom | $4,507 | $3,570 | $1,709 - $12,551 | $2,900 - $4,985 |
| House | 1 Bedroom | $1,617 | $1,475 | $1,250 - $3,190 | $1,350 - $1,600 |
| House | 2 Bedroom | $3,161 | $2,675 | $1,675 - $8,900 | $2,300 - $3,900 |
| House | 3 Bedroom | $4,305 | $3,500 | $1,550 - $13,500 | $3,025 - $4,500 |
| House | 4+ Bedroom | $7,029 | $4,997 | $2,800 - $49,500 | $3,800 - $7,000 |
In the current period, the average rent in Miami-Fort Lauderdale-West Palm Beach, FL was $1,862 for Studio, $2,363 for 1 Bedroom, $3,269 for 2 Bedroom, $4,337 for 3 Bedroom, and $5,804 for 4+ Bedroom.
Data provided by Rentometer, Inc.