SE Florida Rental Market Report — Week 30, 2026
July 19, 2026
Market Snapshot — Week 30, 2026
The Miami-Dade luxury rental market remains well balanced this week, with a solid foundation of inventory and consistent demand across tiers. While summer typically brings a seasonal lull in activity, the current depth of available units suggests a healthy, competitive landscape that continues to favor renters seeking flexibility and choice. The market is neither tightening nor loosening, maintaining a steady rhythm that supports both short-term and long-term leasing strategies.
Strength remains concentrated in core luxury corridors and high-amenity buildings, where demand for larger, well-appointed units is firm. The upper-tier segments, particularly in full-service waterfront properties, continue to draw strong interest from both local and international renters. Meanwhile, secondary neighborhoods and slightly older inventory show more variance, with a few tiers experiencing softer movement. Smaller units, particularly in more casual or transitional areas, are seeing a more measured pace of activity.
For renters seeking to move or extend their stays, now is a strategic time to engage with the market. Flexibility in lease terms is becoming more negotiable, particularly for those willing to commit to longer stays or off-peak periods. Negotiation remains viable, though the most compelling offers are those that align with the seasonal cadence and property-specific demand patterns. Timing is key, and those who move with awareness of the summer rhythm may find the most favorable conditions.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,359 |
| Active rentals (SE Florida region) | 14,237 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,450/mo |
| Median 2-bedroom | $3,212/mo |
| Median 3-bedroom | $4,600/mo |
| Median asking rent per sq ft | $3.36/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,609 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 750 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Key Biscayne | $9,000/mo | 161 |
| Bal Harbour | $8,700/mo | 131 |
| Coconut Grove | $7,950/mo | 15 |
| Sunny Isles Beach | $5,150/mo | 760 |
| Surfside | $5,100/mo | 98 |
| Brickell | $4,000/mo | 731 |
| Coral Gables | $3,995/mo | 267 |
| Miami Beach | $3,700/mo | 1865 |
| Aventura | $3,200/mo | 584 |
| Downtown Miami | $2,650/mo | 53 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of July 20, 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.