How much are you paying to rent an apartment in Miami or Broward? Take a look at cost

What’s the median apartment rent in South Florida?

Real estate firm Redfin crunched the numbers, and rent has been falling the past two years in Miami-Dade, Broward and Palm Beach counties.

Here’s a look at what we’re paying based on apartments from studios to three bedrooms:

Median rent in South Florida

2024: $2,376 a month

2023: $2,470

2022: $2,560

Median rent in U.S.

2024: $1,619 a month, about the same as 2023

Note: Some areas across the country are seeing double-digit increases and others double-digit decreases in apartment rent, so the cost could depend on where you live.

MORE: Apartment rents have taken a surprising turn in South Florida. Will the trend continue?

Info on the analysis

The South Florida rent prices for this year are from data gleaned from Redfin’s rental listings from August through October for apartment buildings with at least five units. The data doesn’t include condos or single-family homes for rent. Condo rents could be affected by higher association fees and assessments. Prices for single-family homes hit an all-time high this year in South Florida.