West 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 West Miami, Florida rental market.
West Miami, Florida
Average Apartment Rent
$2,394
Y-o-Y Change in Average
Apartment Rent
-4.4%
As of May 2026
Compared to a year ago, West Miami, Florida apartments have recorded a -4.4% rent decrease.
West Miami, Florida Average apartment rent trend
West Miami, Florida Average Apartment Rent
West Miami, Florida Apartment rent ranges
At 37.6%, apartments priced $2,500 - $3,000 represent the bulk of West Miami, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 7.77%.
West Miami, Florida Housing tenure**
Renters take up 43% of West Miami, Florida real estate, occupying a total of 1,153 units, while homeowners live in 1,542 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$50,504
Average household size of renter-occupied housing units**
2.55
Rental vacancy rate**
9.9%
West Miami, Florida Renter-occupied housing units by no. of bedrooms**
There are 510 rentals in West Miami, Florida with 2 beds making up the highest share of the market, at 44%. Units with 4 beds, on the other hand, hold the lowest percentage (6%), amounting to 64 units. Overall, the median number of rooms in West Miami, Florida homes for rent is 3.9.
West Miami, Florida Renter-occupied units by age of householder**
Most condos for rent in West Miami, Florida are occupied by residents in the 25 - 34 years age group (22%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
West Miami, Florida Renter-occupied housing units by family type**
West Miami, Florida Renter-occupied housing units by the presence of own children**
A total of 735 apartments for rent in West Miami, Florida, or 64% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 325 units. All in all, the median size of a renter-occupied household in West Miami, Florida is 2.55.
West Miami, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 38% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in West Miami, Florida.
West Miami, Florida Renter-occupied units by year structure built**
The highest share of West Miami, Florida apartment rentals, namely 49% or 568 units, were Built 2010 - 2019, followed by those Built 1950 - 1959 (16%, 185 units), and the ones Built 1980 - 1989 (10%, 111 units).
West Miami, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most West Miami, Florida renters (47%) moved in 2018 to 2020, while only 8% of them moved in 2000 to 2009. Overall, the median year renters have occupied their West Miami, Florida condos for rent is 2018.
West Miami, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of West Miami, Florida renters have 2 vehicles available per household, 36% of them have 1 vehicle available, and 13% have 3 vehicles available.
West Miami, Florida Means of transportation to work of householders living in renter-occupied housing units**
West 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 West 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
