Starting at $3,240
Total Monthly Price
- 1 - 3 Beds
330 Catalonia Ave, Coral Gables, FL 33134
Alexan Roxy
(786) 551-1357
Frequently Asked Questions
How much does it cost to rent a home in Miami, FL?
The median rent for a home in Miami, FL is $3,470 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Miami, FL?
To comfortably afford the median rent in Miami, FL, a household needs to earn roughly $138,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,470 per month in Miami, FL, renters typically need to show $10,410 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Miami, FL?
In Miami, FL, the price-to-rent ratio is 13.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Miami, FL are best for renting a home?
The best neighborhood for renting in Miami, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include North Sewell Park, Little Havana, Allapattah, West Flagler and Riverside, each with its own character and price range.
