SE Florida Rental Market Report — Week 32, 2026
August 2, 2026
Market Snapshot — Week 32, 2026
The Miami-Dade luxury rental market continues to reflect a balanced, thoughtful rhythm this week, with inventory levels maintaining a healthy depth across all tiers. Activity remains steady amid the summer season, as affluent renters continue to seek high-end accommodations without the urgency of peak relocation periods. The market has settled into a mature cadence, offering a range of options for discerning clients without the pressure of a shrinking window.
Strength in the market is most evident in the mid-tier luxury segments, where one- and two-bedroom units continue to attract consistent interest, particularly in high-amenity buildings and walkable urban cores. Three-bedroom units remain strong among families and extended households, though they reflect a more measured pace compared to the lower tiers. Ultra-luxury inventory continues to draw attention for its exclusivity, with a notable concentration of high-end offerings that appeal to those seeking privacy and sophistication.
For renters entering the market now, flexibility in lease terms and a willingness to engage proactively with listings early in the week can provide a strategic advantage. While the market is not in a rush, those with clear preferences and a well-timed approach can still find tailored options that align with long-term goals. Engagement with seasoned local professionals remains key to navigating the subtleties of current conditions effectively.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,259 |
| Active rentals (SE Florida region) | 14,172 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,450/mo |
| Median 2-bedroom | $3,200/mo |
| Median 3-bedroom | $4,598/mo |
| Median asking rent per sq ft | $3.34/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,560 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 730 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Coconut Grove | $10,000/mo | 13 |
| Bal Harbour | $8,500/mo | 125 |
| Key Biscayne | $8,400/mo | 161 |
| Sunny Isles Beach | $5,500/mo | 735 |
| Surfside | $5,100/mo | 94 |
| Brickell | $4,000/mo | 723 |
| Coral Gables | $3,900/mo | 259 |
| Miami Beach | $3,650/mo | 1834 |
| Aventura | $3,200/mo | 574 |
| Edgewater | $2,975/mo | 8 |
| Downtown Miami | $2,800/mo | 43 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of August 3, 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.