SE Florida Rental Market Report — Week 34, 2026
August 16, 2026
Market Snapshot — Week 34, 2026
The Miami-Dade luxury rental market remains steady and well-balanced as summer continues to unfold. Inventory levels are holding firm with a wide range of options available, offering renters confidence in choice and flexibility. While demand remains resilient, the seasonal ebb and flow is evident, with a more measured pace compared to the peak spring months. The market continues to reflect a sophisticated equilibrium between availability and interest, particularly in the upper echelons of the luxury segment.
Across the region, certain neighborhoods continue to command stronger demand, especially those offering resort-style amenities and proximity to cultural and business hubs. Larger units, particularly in the three-bedroom category, are seeing sustained interest from high-net-worth individuals and families. Meanwhile, the one and two-bedroom segments remain stable but slightly less active, with more selectivity observed among renters. Ultra-luxury offerings continue to attract attention, particularly in enclaves known for exclusivity and privacy.
For renters entering the market now, flexibility in timing and approach can yield the best results. Those with the ability to sign longer-term leases may find more favorable terms and greater selection, especially in high-demand areas. While negotiation remains a viable strategy, it is most effective in segments where inventory is more abundant. The summer months present a strategic window to secure quality listings with fewer competitive pressures, particularly for those with a clear vision of where and how they wish to live.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,499 |
| Active rentals (SE Florida region) | 14,452 |
| Median rent — all bedrooms | $3,200/mo |
| Median 1-bedroom | $2,400/mo |
| Median 2-bedroom | $3,200/mo |
| Median 3-bedroom | $4,500/mo |
| Median asking rent per sq ft | $3.33/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,598 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 725 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Coconut Grove | $9,800/mo | 19 |
| Key Biscayne | $8,300/mo | 169 |
| Bal Harbour | $8,000/mo | 126 |
| Sunny Isles Beach | $5,500/mo | 765 |
| Surfside | $4,750/mo | 87 |
| Brickell | $4,075/mo | 728 |
| Coral Gables | $3,938/mo | 266 |
| Miami Beach | $3,600/mo | 1824 |
| Edgewater | $3,300/mo | 9 |
| Aventura | $3,200/mo | 575 |
| Downtown Miami | $2,562/mo | 56 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of August 17, 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.