A recent update from the real estate website Zillow on rent prices in Miami shows a significant drop compared to the same period in 2024.
Globally, considering all units available on the market, the price has dropped $350 compared to 2024 and $150 compared to the previous month. The current average price is $2,950 according to Zillow.
The price decrease is much more pronounced in one-bedroom apartments, where the report shows they are $800 lower than in 2024 and $500 lower than the previous month. The current median price of a one-bedroom apartment is $2,000 according to Zillow.
In the case of two-bedroom apartments, a significant decrease in rent is also observed. The report shows that it is $2 dollars lower than in 800 and $2024 dollars less than the previous month. The current median price of a two-bedroom apartment is $2,750 according to Zillow.
The 3-quarter units have dropped the least, totaling $280 compared to 2024.
The Miami rental prices shown in the report are the average available rents and may vary depending on the area and the condition of the property.
