North Miami Beach, 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 North Miami Beach, Florida rental market.
North Miami Beach, Florida
Average Apartment Rent
$2,596
Y-o-Y Change in Average
Apartment Rent
-0.3%
As of May 2026
Compared to a year ago, North Miami Beach, Florida apartments have recorded a -0.3% rent decrease.
North Miami Beach, Florida Average apartment rent trend
North Miami Beach, Florida Average Apartment Rent
North Miami Beach, Florida Apartment rent ranges
At 31.28%, apartments priced $2,000 - $2,500 represent the bulk of North Miami Beach, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.68%.
North Miami Beach, Florida Housing tenure**
Renters take up 50% of North Miami Beach, Florida real estate, occupying a total of 7,400 units, while homeowners live in 7,499 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$46,704
Average household size of renter-occupied housing units**
2.8
Rental vacancy rate**
8.6%
North Miami Beach, Florida Renter-occupied housing units by no. of bedrooms**
There are 2,959 rentals in North Miami Beach, Florida with 1 bed making up the highest share of the market, at 40%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 220 units. Overall, the median number of rooms in North Miami Beach, Florida homes for rent is 3.6.
North Miami Beach, Florida Renter-occupied units by age of householder**
Most condos for rent in North Miami Beach, Florida are occupied by residents in the 35 - 44 years age group (27%), 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 – 1%.
North Miami Beach, Florida Renter-occupied housing units by family type**
North Miami Beach, Florida Renter-occupied housing units by the presence of own children**
A total of 5,106 apartments for rent in North Miami Beach, Florida, or 69% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 2,695 units. All in all, the median size of a renter-occupied household in North Miami Beach, Florida is 2.8.
North Miami Beach, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in North Miami Beach, Florida.
North Miami Beach, Florida Renter-occupied units by year structure built**
The highest share of North Miami Beach, Florida apartment rentals, namely 32% or 2,370 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (27%, 1,972 units), and the ones Built 1970 - 1979 (16%, 1,190 units).
North Miami Beach, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most North Miami Beach, Florida renters (49%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their North Miami Beach, Florida condos for rent is 2016.
North Miami Beach, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of North Miami Beach, Florida renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 12% have No vehicle available.
North Miami Beach, Florida Means of transportation to work of householders living in renter-occupied housing units**
North Miami Beach, 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 North Miami Beach, 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
