Miami Lakes, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Miami Lakes, Florida rental market.
Miami Lakes, Florida
Average Apartment Rent
$2,360
Y-o-Y Change in Average
Apartment Rent
0.7%
As of May 2026
Compared to a year ago, Miami Lakes, Florida apartments have recorded a 0.7% rent increase.
Miami Lakes, Florida Average apartment rent trend
Miami Lakes, Florida Average Apartment Rent
Miami Lakes, Florida Apartment rent ranges
At 43.97%, apartments priced $2,000 - $2,500 represent the bulk of Miami Lakes, Florida rentals, while condos priced Over $3,000 hold the lowest share of the market – 6.47%.
Miami Lakes, Florida Housing tenure**
Renters take up 36% of Miami Lakes, Florida real estate, occupying a total of 3,996 units, while homeowners live in 7,077 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$81,726
Average household size of renter-occupied housing units**
2.57
Rental vacancy rate**
3.4%
Miami Lakes, Florida Renter-occupied housing units by no. of bedrooms**
There are 1,810 rentals in Miami Lakes, Florida with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 35 units. Overall, the median number of rooms in Miami Lakes, Florida homes for rent is 4.
Miami Lakes, Florida Renter-occupied units by age of householder**
Most condos for rent in Miami Lakes, Florida are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 45 - 54 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Miami Lakes, Florida Renter-occupied housing units by family type**
Miami Lakes, Florida Renter-occupied housing units by the presence of own children**
A total of 2,398 apartments for rent in Miami Lakes, Florida, or 60% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 1,413 units. All in all, the median size of a renter-occupied household in Miami Lakes, Florida is 2.57.
Miami Lakes, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 41% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Miami Lakes, Florida.
Miami Lakes, Florida Renter-occupied units by year structure built**
The highest share of Miami Lakes, Florida apartment rentals, namely 25% or 1,006 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (24%, 944 units), and the ones Built 1970 - 1979 (17%, 667 units).
Miami Lakes, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Miami Lakes, Florida renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Miami Lakes, Florida condos for rent is 2018.
Miami Lakes, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Miami Lakes, Florida renters have 2 vehicles available per household, 40% of them have 1 vehicle available, and 12% have 3 vehicles available.
Miami Lakes, Florida Means of transportation to work of householders living in renter-occupied housing units**
Miami Lakes, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Miami Lakes, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
