Property prices for rent in Miami (Florida)

The rent prices in real estate in Miami, in the Florida region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Miami has had a strong fall during the last 6 months. In November, the average price per sq.feet was $97.24. In the following month the price per sq.feet fell considerably to $62.04. The price for the following two months in (January, February) had a considerable fall of 47 with regard to the previous two months. The price per sq.feet has had a considerable fall of 7 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $58.57 to $3.81 during March, and April.

Average price

When referring to the price in Miami (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $2,246. In December This price remains at $2,160. During the following two months (January, February) the price has had an average rise from $2,203 to $2,358.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,280.75 and $2,355 between March and April.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,404 they are 25 % more affordable than the average price for Miami . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,936.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of $8.37 / sq.feet, with an average $4.67 / sq.feet price in Miami. The properties with the most expensive average prices have 1 bedroom. They are 348 % more expensive than the average followed by properties with 4 bedrooms with a price at $11.62 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,404 it is 43 % more affordable than the average price in Miami. "House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Office". At a price of $2,587 it is 36 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $2.27 / sq.feet followed by "Apartment" priced at $2.38 / sq.feet. "Commercial" is the most expensive type of property with a $98.82 / sq.feet value followed by "House" with an average price of $19.64 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Miami
Number of properties used in region Florida
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value