SE Florida Rental Market Report — Week 29, 2026
July 12, 2026
Market Snapshot — Week 29, 2026
The Miami-Dade luxury rental market remains well-balanced this week, with a steady depth of inventory and consistent demand from both domestic and international renters. Summer seasonality is in full effect, with affluent visitors and seasonal relocations maintaining strong interest in prime rental assets. The market continues to operate with a sense of confidence, as landlords and tenants alike are navigating a period of relative stability without the volatility seen in recent years.
Across the region, demand remains strongest in oceanfront and high-rise corridors, where views and amenities continue to command attention. Smaller bedroom configurations are holding steady, while larger units, particularly those with private amenities and resort-style finishes, are attracting sustained interest. In contrast, certain mid-rise and older-garden communities are seeing more measured activity, with renters prioritizing location and lifestyle over legacy assets.
For renters entering the market now, flexibility in lease terms can create opportunity, particularly for those willing to consider mid-season or summer starts. While the market remains competitive, there is still room for thoughtful negotiation, especially in units with longer-term availability. Timing is in favor of those who are prequalified and ready to act swiftly, as the summer season continues to drive momentum in the luxury rental sector.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,245 |
| Active rentals (SE Florida region) | 14,096 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,450/mo |
| Median 2-bedroom | $3,250/mo |
| Median 3-bedroom | $4,500/mo |
| Median asking rent per sq ft | $3.35/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,597 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 755 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Bal Harbour | $10,000/mo | 124 |
| Key Biscayne | $8,500/mo | 164 |
| Coconut Grove | $7,975/mo | 14 |
| Sunny Isles Beach | $5,395/mo | 749 |
| Surfside | $4,750/mo | 100 |
| Brickell | $4,025/mo | 728 |
| Coral Gables | $4,000/mo | 257 |
| Miami Beach | $3,750/mo | 1857 |
| Aventura | $3,200/mo | 583 |
| Downtown Miami | $2,650/mo | 47 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of July 13, 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.