New Rent Report for Miami Shows Slight Decrease From Previous Year

December 4, 2017

The real estate rental website Zumper released its lates national rent report, ranking the top 25 rental markets in the United States. According to their report, Miami apartments have decreased slightly in price from the previous year.

While Miami technically moved up one spot on the list from the previous year's report, it also showed a 3% decrease in the median rental price from $1,800 to $1,750 a month. That being said, Miami is still the ninth most expensive market for median one-bedroom apartments in the nation. For two-bedrooms, it was a slightly bigger drop, as rents dipped by 4%, from $2,500 to $2,400 a month.

The story was quite similar in Fort Lauderdale as well, where one-bedrooms remained flat from the previous year at $1,500 a month, and two-bedroom residences dipped by 5% to $1,900.

Nationally, one bedroom median rent grew by 5% month over month to $1,233, while two-bedroom units remained flat at $1,392. San Francisco, New York City, and San Jose continue to round out the top three rental markets.

Source: Curbed Miami


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