Downtown Miami, FL
August 2026
33132,33136
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,397 – $2,596 | -7.55% | 2.90% |
| 2-Bedroom | $3,010 – $3,340 | -7.35% | -4.54% |
| 3-Bedroom | $3,819 – $4,153 | -3.60% | 3.36% |
| 4-Bedroom | $4,017 – $4,308 | 1.31% | 1.73% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,853 – $3,072 | -3.60% | 5.54% |
| 2-Bedroom | $3,780 – $4,137 | 1.09% | 6.75% |
| 3-Bedroom | $5,098 – $5,545 | 0.57% | 3.62% |
| 4-Bedroom | $4,063 – $4,358 | 0.74% | 0.11% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,113 – $2,250 | 1.44% | 4.78% |
| 2-Bedroom | $2,733 – $2,942 | 1.30% | 3.35% |
| 3-Bedroom | $3,561 – $3,820 | 0.77% | -0.45% |
| 4-Bedroom | $4,287 – $4,597 | 0.83% | -0.29% |
In the Downtown Miami (33132, 33136) rental market, 1-bedroom apartments experienced a sharp monthly increase, with median rent reaching $2,538 after a 7.7% gain in June 2026. This jump marks the strongest short-term growth among apartment segments in Downtown Miami (33132, 33136) for the period, pointing to heightened demand for smaller rental units.
Across Downtown Miami (33132, 33136), 3-bedroom condos commanded a median rent of $5,407, outperforming 3-bedroom apartments at $3,923 by $1,484. This substantial premium highlights how the condo/townhome segment compares to comparable-sized apartments in Downtown Miami (33132, 33136).
June data shows 4-bedroom single-family homes in the area hit a median rent of $4,398 after posting a 1.57% increase over the past month. These shifts shape Downtown Miami (33132, 33136) rental trends for larger households, particularly as apartment and condo increases were also evident in the 4-bedroom category.