SE Florida Rental Market Report — Week 26, 2026
June 21, 2026
Market Snapshot — Week 26, 2026
The Miami-Dade luxury rental market continues to demonstrate a well-balanced dynamic, with a steady volume of high-quality inventory supporting sustained demand. Summer seasonality is evident, with a moderate influx of seasonal inquiries and a continued interest in premium properties. The current inventory depth reflects a healthy level of choice for discerning renters, while the market remains resilient against softening demand, maintaining a confident tone amid the warm-weather months.
Across the region, strength remains concentrated in the core luxury corridors, where demand for well-appointed, high-rise residences remains robust. Suburban and coastal enclaves continue to see a more measured pace, with certain bedroom tiers experiencing more varied movement. While the upper-tier market remains vibrant, particularly for those seeking exclusive lifestyles, the mid-tier segments reflect a more nuanced interplay of availability and interest, with certain areas showing more pronounced activity than others.
For affluent renters seeking the best experience today, flexibility in lease terms can provide a strategic advantage. While fixed-term leases remain the norm, those open to shorter or seasonal agreements may find more favorable outcomes in a market still accommodating to high-net-worth preferences. Timing is also key, with the summer period offering both opportunities and challenges. Those with clear priorities and a focus on premium amenities will find the current inventory well-suited to their needs, with a continued emphasis on quality, location, and lifestyle.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,203 |
| Active rentals (SE Florida region) | 14,025 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,450/mo |
| Median 2-bedroom | $3,300/mo |
| Median 3-bedroom | $4,600/mo |
| Median asking rent per sq ft | $3.36/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,616 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 767 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Bal Harbour | $11,700/mo | 118 |
| Coconut Grove | $9,500/mo | 19 |
| Key Biscayne | $8,450/mo | 162 |
| Sunny Isles Beach | $5,500/mo | 748 |
| Surfside | $4,700/mo | 97 |
| Coral Gables | $4,200/mo | 270 |
| Brickell | $4,125/mo | 716 |
| Miami Beach | $3,750/mo | 1852 |
| Aventura | $3,200/mo | 592 |
| Downtown Miami | $2,800/mo | 53 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of June 22, 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.