SE Florida Rental Market Report — Week 40, 2026
September 27, 2026
Market Snapshot — Week 40, 2026
The Miami-Dade luxury rental market continues to demonstrate a balanced but dynamic rhythm this week, with summer seasonality shaping both inventory and tenant behavior. Listings remain well-supported across the luxury spectrum, offering discerning renters a range of options without the pressure of a sellers’ market. While demand remains consistent, the steady flow of high-quality offerings suggests a market at ease with its cadence, allowing renters the flexibility to explore at their own pace.
Market strength is most evident in the upper-tier luxury and ultra-luxury segments, where inventory remains robust and demand remains selective yet steady. These properties are often found in neighborhoods known for privacy, resort-style amenities, and exclusive access to cultural and recreational hubs. The mid-tier luxury market shows more variability, with certain bedroom configurations and locales experiencing more competitive activity, while others remain in a more measured state. Larger units continue to attract attention, particularly among families and extended stays, whereas smaller units see more transient interest.
For renters entering the market now, a strategic approach to timing and terms can yield meaningful advantages. While shorter-term leases remain available, longer commitments often come with more flexibility and potential concessions, especially in areas with slower turnover. Engaging early with key contacts and expressing clear preferences can help navigate the summer window effectively. Those with specific lifestyle needs or neighborhood preferences are encouraged to act decisively, as the market rewards proactive yet thoughtful decision-making.
Miami-Dade Rental Metrics (Live MLS)
| Metric | This Week |
|---|---|
| Active rental listings (Miami-Dade) | 11,685 |
| Active rentals (SE Florida region) | 14,649 |
| Median rent — all bedrooms | $3,100/mo |
| Median 1-bedroom | $2,398/mo |
| Median 2-bedroom | $3,200/mo |
| Median 3-bedroom | $4,300/mo |
| Median asking rent per sq ft | $3.30/sqft |
| Luxury inventory (≥ $8,000/mo) | 1,565 units |
| Ultra-luxury inventory (≥ $15,000/mo) | 730 units |
Median Rent by Neighborhood
| Neighborhood | Median Rent | Active Listings |
|---|---|---|
| Coconut Grove | $15,250/mo | 15 |
| Key Biscayne | $8,500/mo | 176 |
| Bal Harbour | $6,500/mo | 110 |
| Sunny Isles Beach | $5,300/mo | 781 |
| Surfside | $4,500/mo | 89 |
| Brickell | $3,900/mo | 754 |
| Coral Gables | $3,900/mo | 250 |
| Miami Beach | $3,500/mo | 1811 |
| Aventura | $3,200/mo | 536 |
| Downtown Miami | $2,725/mo | 60 |
Every figure above is computed directly from active listings in the Miami Association of Realtors MLS as of September 28, 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.