SE Florida Rental Market Report — Week 33, 2026
August 9, 2026
Market Snapshot — Week 33, 2026
The Miami-Dade luxury rental market remains composed this week, with inventory levels offering a balanced backdrop for affluent renters. With a steady flow of new listings and a consistent level of demand, the summer season is unfolding with a measured cadence. While the market is not in a state of frenetic activity, it continues to reflect the enduring appeal of the region, supported by a strong undercurrent of international interest and seasonal migration. The presence of well-maintained luxury inventory ensures that discerning renters can still find options that align with their expectations for quality and lifestyle.
Strength is being felt most clearly in the upper-end segments, where properties in sought-after enclaves continue to attract attention and hold their value. High-rise towers in the heart of the city and exclusive waterfront addresses remain particularly resilient, with demand outpacing supply in these premium zones. Conversely, more casual or mid-tier markets are showing signs of softer movement, as the summer season naturally tempers the urgency of some renters. Larger residences, particularly those with three or more bedrooms, continue to command the most interest among families and extended households.
For renters currently in the market, now is a time to act with purpose and clarity. With options available across a range of price points and property types, those with specific preferences should consider locking in their ideal space with longer-term commitments to secure the best terms. Negotiation remains viable, particularly for those willing to demonstrate flexibility in timing or move-in dates. As the season progresses, those who remain patient but proactive will find the market continues to reward well-informed decisions.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,373 |
| Active rentals (SE Florida region) | 14,308 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,450/mo |
| Median 2-bedroom | $3,250/mo |
| Median 3-bedroom | $4,500/mo |
| Median asking rent per sq ft | $3.33/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,580 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 717 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Coconut Grove | $9,300/mo | 19 |
| Bal Harbour | $8,500/mo | 125 |
| Key Biscayne | $8,250/mo | 167 |
| Sunny Isles Beach | $5,500/mo | 737 |
| Surfside | $4,725/mo | 90 |
| Brickell | $4,000/mo | 740 |
| Coral Gables | $3,996/mo | 266 |
| Miami Beach | $3,650/mo | 1843 |
| Aventura | $3,200/mo | 576 |
| Edgewater | $3,050/mo | 9 |
| Downtown Miami | $2,625/mo | 52 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of August 10, 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.