SE Florida Rental Market Report — Week 31, 2026
July 26, 2026
Market Snapshot — Week 31, 2026
The Miami-Dade luxury rental market remains well-balanced this week, with a healthy inventory depth that continues to support both stability and opportunity for discerning renters. While summer typically brings a seasonal slowdown, current listing levels reflect a thoughtful pace of new arrivals, maintaining a steady flow of options without creating excess. The market retains a confident tone, with no signs of over-supply, and continues to demonstrate the resilience and appeal that have long defined South Florida’s luxury rental sector.
Across the region, demand remains most consistent in the two-bedroom category, which continues to attract a broad spectrum of high-net-worth renters, particularly those seeking a balance between space and livability. One-bedroom units see steady interest from professionals and downsizers, while three-bedroom inventory remains strong in the upper-tier, especially among families and multi-guest households. Neighborhood performance is nuanced, with coastal and urban core areas holding the most consistent traction, while inland and secondary corridors experience more varied movement, depending on proximity to key amenities and transit.
For renters entering the market now, flexibility in lease terms can be an advantage, as landlords are increasingly open to tailored agreements that accommodate longer stays or specific needs. While negotiation remains viable, particularly with older inventory or units that require minor concessions, timing is key—renters with clear preferences should act decisively in high-demand segments. Those with patience can still find well-maintained options that align with lifestyle and budget, as inventory turnover remains steady and selection diverse.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,315 |
| Active rentals (SE Florida region) | 14,210 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,450/mo |
| Median 2-bedroom | $3,200/mo |
| Median 3-bedroom | $4,600/mo |
| Median asking rent per sq ft | $3.34/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,594 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 743 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Bal Harbour | $10,000/mo | 129 |
| Coconut Grove | $8,975/mo | 12 |
| Key Biscayne | $8,700/mo | 162 |
| Sunny Isles Beach | $5,200/mo | 759 |
| Surfside | $4,950/mo | 98 |
| Brickell | $4,100/mo | 703 |
| Coral Gables | $3,900/mo | 271 |
| Miami Beach | $3,695/mo | 1844 |
| Aventura | $3,200/mo | 579 |
| Downtown Miami | $2,625/mo | 42 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of July 27, 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.