Rental Properties in Miami

When searching for rental properties in Miami, it is important to know which areas are the most important to you based on your quality of life, social and career goals. The following information will help you learn what makes Miami such a fun and exciting place to live.

Miami has about 1M housing units, of which about 44% are rental properties. The current vacancy rate in Miami is above the national average at around 9%. This is a renters market where you can negotiate better deals and get more concessions from the apartment owners and landlords. 

The average rental rates in Miami are as follows:

All Rentals - $1,669
Studio - $1,269
1 bed - $1,449
2 bed - $1,821
3 bed - $2,174

Miami- City Information

Miami is a major city located on the Atlantic coast in southeastern Florida. It is the county seat of Miami Dade County, the most populous county in Florida. Miami is a well known global city due to its importance in finance, commerce, culture, media, fashion, education, film, print media, entertainment, the arts and international trade. Known as The Gateway to the Americas, The city is an international center for entertainment, education, media, music, fashion, film, culture, print media, and the performing arts. The city's central business district is home to the largest concentration of international banks in the United States as well as home to several corporate headquarters and television studios. Additionally, the metropolis' namesake port, the Port of Miami, is the busiest cruise ship passenger port in the world in both passenger traffic and cruise lines.

Miami Economy

Miami is one of the country's most important financial centers. It is a major center of commerce, finances, corporate headquarters, and boasts a strong international business community. Several large companies are headquartered in or around Miami, including but not limited to: Alienware, Arquitectonica, Arrow Air, Bacardi, Benihana, Brightstar Corporation, Burger King, Celebrity Cruises, Carnival Corporation, Carnival Cruise Lines, CompUSA, Crispin Porter, Bogusky, Espirito Santo Financial Group, Fizber.com, Greenberg Traurig, Interval International, Lennar, Norwegian Cruise Lines, Perry Ellis International, RCTV International, Royal Caribbean Cruise Lines, Ryder Systems, Seabourn Cruise Line, Telefonica USA, TeleFutura, Telemundo, Univision, U.S. Century Bank, and World Fuel Services. Because of its proximity to Latin America, Miami serves as the headquarters of Latin American operations for more than 1400 multinational corporations.

Neighborhoods

Like all cities, Miami has a variety of unique and diverse neighborhoods that make up the character of the city. It is partitioned into many different sections, roughly into North, South, West and Downtown. The heart of the city is Downtown Miami and is technically on the eastern side of the city. Some unique neighborhoods where you can rental properties include: Brickell, Virginia Key, Watson Island, the Port of Miami, South Beach, Coral Way, The Roads, Coconut Grove, Coral Way, Little Havana, West Flagler, Flagami, Midtown, Edgewater, Wynwood, the Design District, the Upper East Side, Little Haiti, Overtown, and Liberty City.

All of these neighborhoods provide unique opportunities for dining and entertainment and are a great place to call home. 

Culture and Living

Miami provides many opportunities for cultural activities and entertainment. It’s home to many entertainment venues, theaters, museums, parks and performing arts centers. The newest addition to the arts scene is the Adrienne Arsht Center for the Performing Arts, the second largest performing arts center in the United States after the Lincoln Center in New York City, and is the home of the Florida Grand Opera. The city is home to numerous museums as well, many of which are in Downtown. It is also a major fashion center, home to models and some of the top modeling agencies in the world. It is also host to many fashion shows and events, including the annual Miami Fashion Week. It is the home of the world's largest art exhibition, dubbed the Olympics of Art, Art Basel Miami Beach. And the city’s temperate weather allows for year-round outdoors activities. The city has numerous marinas, rivers, bays, canals, and the Atlantic Ocean, which make boating, sailing, and fishing popular outdoors activities. The following sports teams call Miami home: the Florida Marlins (Major League Baseball), the Miami Dolphins (National Football League), the Miami Heat (National Basketball Association) and the Florida Panthers (National Hockey League).

Colleges and Universities

Colleges and universities in and around Miami include: Barry University (private), Carlos Albizu University (private), Florida International University (FIU) (public, largest university in South Florida), Florida Memorial University (private), Johnson and Wales University (private), Keiser University (private), Miami Dade College (public, largest institution of higher learning in the U.S.), Miami International University of Art & Design (private), Nova Southeastern University (private), St. Thomas University (private), Talmudic University (private), and the University of Miami (private, located in Coral Gables). As you can see, as a student you have many options for education in Miami. And students need student housing!

Public Transportation

Public transportation in Miami is operated by Miami-Dade Transit and SFRTA, and includes commuter rail (Tri-Rail), heavy-rail rapid transit (Metrorail), an elevated people mover (Metromover), and buses (Metrobus). Miami has Florida's highest transit ridership as about 17% of Miamians use transit on a daily basis. Two new light rail systems, Baylink and the Miami Streetcar, have been proposed and are currently in the planning stage. In recent years, the city has taken an ambitious stance in support of bicycling for both recreation and commuting. Every month, the city hosts "Bike Miami", where major streets in Downtown and Brickell are closed to automobiles, and left open for pedestrians and bicyclists.