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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