SE Florida Rental Market Report — Week 38, 2026
September 13, 2026
Market Snapshot — Week 38, 2026
The Miami-Dade luxury rental market remains well-balanced this week, with a healthy inventory of available units and a steady pulse of demand from both local and international renters. Summer seasonality continues to influence activity, with affluent buyers and seasonal residents keeping the market active despite the traditionally slower months. Listings are available across a wide range of price points, ensuring that the market remains accessible to discerning renters seeking premium accommodations.
Strength is currently most evident in waterfront and high-rise properties, where demand remains robust due to their elevated lifestyles and exclusive amenities. Demand for larger units, particularly in the upper-tier bedroom categories, continues to be strong, reflecting the appeal of multi-generational living and long-term stays. Conversely, some softness is observed in mid-range offerings and certain urban corridors, where the broader market is experiencing a more measured pace of activity.
For renters looking to secure a luxury home, now is a strategic time to consider flexible lease terms and be prepared to act decisively when the right opportunity arises. Negotiation remains a viable avenue, particularly for units with extended availability or those in secondary locations. With inventory at a comfortable level, renters have the advantage of choice, and those with a clear vision of their lifestyle needs can find a space that aligns with their expectations.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,651 |
| Active rentals (SE Florida region) | 14,644 |
| Median rent — all bedrooms | $3,100/mo |
| Median 1-bedroom | $2,400/mo |
| Median 2-bedroom | $3,200/mo |
| Median 3-bedroom | $4,500/mo |
| Median asking rent per sq ft | $3.31/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,585 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 745 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Coconut Grove | $11,500/mo | 14 |
| Key Biscayne | $9,000/mo | 177 |
| Bal Harbour | $6,500/mo | 109 |
| Sunny Isles Beach | $5,500/mo | 786 |
| Surfside | $4,800/mo | 88 |
| Coral Gables | $4,100/mo | 249 |
| Brickell | $3,950/mo | 749 |
| Miami Beach | $3,500/mo | 1842 |
| Aventura | $3,250/mo | 556 |
| Downtown Miami | $2,800/mo | 67 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of September 14, 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.