Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Miami city, Florida?
City · Census ACS 5-Year estimates
The median gross rent in Miami city, Florida is $1,758/month (±$26), based on Census ACS 5-Year estimates (2024). The median home value is $518,100 (±$19,775), and the median household income is $62,462/year. The unemployment rate in Miami-Dade County, Florida was 3.1% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Miami city, Florida
| Metric | Value |
|---|---|
| Median Gross Rent | $1,758 |
| Median Home Value | $518,100 |
| Median Household Income | $62,462 |
| Total Housing Units | 194,821 |
| Renter-Occupied Units | 134,753 |
| Renter-Occupied Share | 69% |
| Households Paying 50%+ Income | 44,096 households |
| Unemployment Rate(April 2026) | 3.1% |
How does Miami city, Florida compare?
Median gross rent ranked against all cities in Florida.
Higher rent than 65% of cities in Florida · 290th of 821
| # | City | Value |
|---|---|---|
| 1 | Siesta Key CDP | $3,501 |
| 1 | South Beach CDP | $3,501 |
| 1 | Key Biscayne village | $3,501 |
| … 286 more … | ||
| 290 | Miami city(you are here) | $1,758 |
| … 528 more … | ||
| 819 | Lake Kerr CDP | $525 |
| 820 | Raleigh CDP | $482 |
| 821 | Inglis town | $344 |
More data for Miami city, Florida
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Frequently asked questions
What is the average rent in Miami city, Florida?
The median gross rent in Miami city, Florida is $1,758/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Miami city, Florida?
The median rent for a 2-bedroom in Miami city, Florida is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Miami city, Florida?
The median home value in Miami city, Florida is $518,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Miami city are rent-burdened?
In Miami city, Florida, 44,096 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Miami city, Florida?
The median household income in Miami city, Florida is $62,462/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,758 has a margin of error of ±$26. In very small areas, MOEs can be large relative to the estimate.
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