SE Florida Rental Market Report — Week 28, 2026
July 5, 2026
Market Snapshot — Week 28, 2026
The Miami-Dade luxury rental market remains dynamic and well-supported this week, with steady inventory and strong alignment between demand and available product. While the seasonally typical summer lull has introduced a modest cooling in urgency, the overall tone remains confident and stable, with no signs of distress in pricing or absorption. Affluent renters continue to be drawn by the area’s unique lifestyle offerings, and the market retains its position as a prime destination for those seeking sophistication, privacy, and access to world-class amenities.
Across the region, there is notable strength in mid-sized two- and three-bedroom units, particularly in waterfront and city-center corridors where lifestyle and convenience intersect. These tiers continue to attract the most consistent demand, while one-bedroom offerings see more variability, influenced by short-term preferences and temporary relocation trends. In contrast, ultra-luxury inventory remains resilient, with sustained interest in high-end, full-service properties that cater to elite tastes. Neighborhoods with exclusive access to private amenities or panoramic views continue to outperform in terms of both speed and certainty of placement.
For renters entering the market now, the current environment offers a favorable window for discerning buyers. With inventory at a reasonable depth, particularly in the mid-luxury tiers, those with flexibility in move-in timing and lease duration are in a strong position to negotiate. While short-term flexibility may still yield results, longer-term commitments continue to provide the most stability and access to premium offerings. As always, working with a trusted advisor familiar with the local nuances can make the difference between just finding a home and finding the right one.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,081 |
| Active rentals (SE Florida region) | 13,881 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,450/mo |
| Median 2-bedroom | $3,300/mo |
| Median 3-bedroom | $4,500/mo |
| Median asking rent per sq ft | $3.36/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,602 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 758 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Bal Harbour | $10,000/mo | 123 |
| Coconut Grove | $9,475/mo | 14 |
| Key Biscayne | $8,500/mo | 163 |
| Sunny Isles Beach | $5,500/mo | 742 |
| Surfside | $4,850/mo | 98 |
| Coral Gables | $4,200/mo | 258 |
| Brickell | $4,000/mo | 714 |
| Miami Beach | $3,800/mo | 1819 |
| Aventura | $3,200/mo | 567 |
| Downtown Miami | $2,700/mo | 48 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of July 6, 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.