North Miami, 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, Florida rental market.
North Miami, Florida
Average Apartment Rent
$2,421
Y-o-Y Change in Average
Apartment Rent
6.1%
As of May 2026
Compared to a year ago, North Miami, Florida apartments have recorded a 6.1% rent increase.
North Miami, Florida Average apartment rent trend
North Miami, Florida Average Apartment Rent
North Miami, Florida Apartment rent ranges
At 44.3%, apartments priced $1,500 - $2,000 represent the bulk of North Miami, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.51%.
North Miami, Florida Housing tenure**
Renters take up 57% of North Miami, Florida real estate, occupying a total of 11,431 units, while homeowners live in 8,783 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$39,909
Average household size of renter-occupied housing units**
2.66
Rental vacancy rate**
3.8%
North Miami, Florida Renter-occupied housing units by no. of bedrooms**
There are 4,506 rentals in North Miami, Florida with 2 beds making up the highest share of the market, at 39%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 224 units. Overall, the median number of rooms in North Miami, Florida homes for rent is 3.4.
North Miami, Florida Renter-occupied units by age of householder**
Most condos for rent in North Miami, Florida are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 25 - 34 years age group (21%). 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, Florida Renter-occupied housing units by family type**
North Miami, Florida Renter-occupied housing units by the presence of own children**
A total of 7,212 apartments for rent in North Miami, Florida, or 63% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 4,514 units. All in all, the median size of a renter-occupied household in North Miami, Florida is 2.66.
North Miami, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in North Miami, Florida.
North Miami, Florida Renter-occupied units by year structure built**
The highest share of North Miami, Florida apartment rentals, namely 34% or 3,909 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (30%, 3,437 units), and the ones Built 1950 - 1959 (10%, 1,165 units).
North Miami, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most North Miami, Florida renters (55%) 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, Florida condos for rent is 2016.
North Miami, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of North Miami, Florida renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 15% have No vehicle available.
North Miami, Florida Means of transportation to work of householders living in renter-occupied housing units**
North Miami, 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, 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
