SE Florida Rental Market Report — Week of June 16, 2026
June 15, 2026
Market Snapshot — Week 25, 2026
The South Florida luxury rental market is entering its traditional summer slowdown, but conditions remain significantly tighter than historical norms.
Key Metrics This Week
| Metric | This Week | YoY Change |
|---|---|---|
| Median 1BR rent (Miami-Dade) | $2,650/mo | −3.2% |
| Median 2BR rent (Miami-Dade) | $3,900/mo | −1.8% |
| Days on Market (luxury $8k+) | 47 days | +12 days |
| Active luxury inventory | 11,677 units | +4.2% |
| Vacancy rate (all classes) | 6.8% | +0.9pts |
Neighborhood-by-Neighborhood
Brickell continues to command premium pricing for its walkability and urban amenities. One-bedrooms averaging $3,200/month with minimal negotiation on asking prices.
Miami Beach (South Beach specifically) saw a notable inventory release as seasonal short-term rentals convert to annual leases for summer. Landlords are more flexible on terms.
Aventura and Sunny Isles Beach remain the strongest performers at the ultra-luxury tier ($15,000+/month), with occupancy running above 94%.
Wynwood and Edgewater continue to attract young professionals; rents here are holding flat after 18 months of rapid appreciation.
Forecast
We expect the slight softening in median rents to continue through August before the fall market tightens again with incoming corporate relocations and the start of snowbird season. Renters with flexibility to sign long-term leases (18-24 months) are finding landlords receptive to concessions: free months, waived pet fees, and reduced security deposits.
Data sourced from Miami Association of Realtors MLS. Report prepared by MIA.Rentals market analysis team.