SE Florida Rental Market Report — Week 27, 2026
June 28, 2026
Market Snapshot — Week 27, 2026
The Miami-Dade luxury rental market continues to reflect a balanced yet dynamic environment, with inventory levels offering discerning renters a thoughtful selection. While the summer season traditionally brings a slight moderation in demand, the current depth of listings ensures that affluent renters have access to a diverse array of options across the region. The market remains stable, with no signs of distress, and continues to operate with a premium emphasis on quality, location, and exclusivity.
There is a notable concentration of interest in mid-sized units, particularly in the two-bedroom category, as families and professionals seek comfort without excess. While the core of the market remains steady, certain upscale enclaves and coastal neighborhoods are seeing stronger traction, often driven by seasonal migration and the appeal of outdoor lifestyle amenities. At the upper end, luxury and ultra-luxury inventory remains robust, with demand for these properties often dictated by personal preferences and unique asset positioning.
For renters navigating the current landscape, flexibility in lease terms and timing can yield significant advantages. While short-term flexibility may come at a cost, longer commitments often open doors to negotiation and access to top-tier properties. Prospective renters are encouraged to remain patient and strategic, as the market rewards those who are prepared to act decisively when the right opportunity aligns with their lifestyle needs.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,066 |
| Active rentals (SE Florida region) | 13,866 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,450/mo |
| Median 2-bedroom | $3,300/mo |
| Median 3-bedroom | $4,600/mo |
| Median asking rent per sq ft | $3.37/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,595 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 755 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Bal Harbour | $10,000/mo | 119 |
| Coconut Grove | $9,475/mo | 16 |
| Key Biscayne | $8,200/mo | 163 |
| Sunny Isles Beach | $5,500/mo | 734 |
| Surfside | $4,600/mo | 98 |
| Coral Gables | $4,200/mo | 268 |
| Brickell | $4,100/mo | 725 |
| Miami Beach | $3,800/mo | 1812 |
| Aventura | $3,200/mo | 572 |
| Downtown Miami | $2,650/mo | 49 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of June 29, 2026. Report prepared by the MIA.Rentals market-analysis team. This is market information, not an offer of housing or a solicitation; equal housing opportunity.