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Report Ranks Miami Among Nation’s Most Expensive Cities for Single Family Rentals

Report Ranks Miami Among Nation’s Most Expensive Cities for Single Family Rentals

Miami ranks tenth among the most expensive cities for single-family rents in the U.S., with an average rent of $3,996 for a three-bedroom home, according to Rentometer's 2024 report. San Francisco leads with $5,265, followed by Los Angeles and Irvine. Miami Beach is noted for having an average rent of $6,567, making it the only non-California city in the top 10 for smaller cities with rents exceeding $6,000. Additionally, home sales in the Miami area have declined year-over-year.

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