Long-term Rental Rates — August 2026 · ZIPs: 33139
Local market data by Estaite
As of August 2026, rental prices in South Beach / SoBe, FL range from $2,212 to $4,666 per month depending on property type and bedroom count.
The most significant year-over-year change is a -6.02% decrease for 2BR condo/townhome rentals in South Beach / SoBe, FL.
For 2BR rentals, condos/townhomes have a median rent of $3,414, while apartments rent for $3,333.
What is the range of rent prices in South Beach / SoBe, FL for August 2026?
In August 2026, rents in South Beach / SoBe, FL range from $2,212 for a 1BR single-family home to $4,666 for a 3BR condo/townhome.
Are rental prices in South Beach / SoBe, FL rising or falling across different property types and bedrooms?
In August 2026, apartment 1BR and 2BR rents increased by 4.00% and 8.13% year-over-year, while 2BR condo/townhome rents decreased by -6.02%, and single-family rents ranged from a -0.76% decrease for 2BR to a 6.02% increase for 3BR, showing increases in some segments and decreases in others.
Which segment had the largest annual rent decrease in South Beach / SoBe, FL, and is this trend broad or limited to one category?
The biggest year-over-year decline was a -6.02% decrease for 2BR condo/townhomes in South Beach / SoBe, FL, and this decline is limited to the 2BR condo/townhome category rather than being broad across all segments.
What is the premium for renting a condo/townhome versus an apartment for the same bedroom count in South Beach / SoBe, FL?
In August 2026, 1BR condo/townhomes rent for $2,369 compared to 1BR apartments at $2,253, and 2BR condo/townhomes rent for $3,414, while 2BR apartments rent for $3,333, resulting in a consistent premium of $116 for 1BR and $81 for 2BR condo/townhomes over apartments.
South Beach / SoBe, FL
August 2026
33139
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,230 – $2,465
9.47%
8.39%
2-Bedroom
$3,149 – $3,516
0.38%
8.13%
3-Bedroom
$3,839 – $4,200
1.43%
8.19%
4-Bedroom
$4,030 – $4,384
1.64%
3.80%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,274 – $2,464
-1.10%
2.30%
2-Bedroom
$3,189 – $3,560
3.84%
-7.11%
3-Bedroom
$4,503 – $4,830
-1.54%
2.13%
4-Bedroom
$4,098 – $4,396
0.02%
0.38%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,157 – $2,267
-3.05%
-0.09%
2-Bedroom
$2,779 – $2,992
6.24%
4.20%
3-Bedroom
$3,735 – $4,087
2.79%
6.02%
4-Bedroom
$4,655 – $5,093
7.29%
8.58%
Data updated: September 24, 2026
South Beach / SoBe Rental Trends
In the South Beach / SoBe (33139) rental market, 1-bedroom condos ended August 2026 at a median of $2,369, a drop of 1.1% month-over-month. This segment commands a $116 premium over 1-bedroom apartments, which posted a median of $2,253 for the same period.
Among units in South Beach / SoBe (33139), 3-bedroom apartments saw the most pronounced decline, falling 8.39% month-over-month to a median of $3,630. Additionally, the segment registered a -2.29% change compared with August last year, marking retreat in larger apartment pricing both monthly and annually.
Reflecting segment divergence, South Beach / SoBe (33139) rental trends show 2-bedroom condos at $3,414 and a -6.02% year-over-year change, while 2-bedroom apartments reached $3,333 with an 8.13% YoY gain. Despite an $81 condo premium, apartments outperformed condos by 14.15 percentage points in annual growth.
12-Month Median Rent Trend
Apartment
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$2,348
$3,333
$4,019
$4,207
June 2026
$2,145
$3,320
$3,963
$4,139
May 2026
$2,187
$3,050
$3,917
$4,068
April 2026
$2,163
$3,042
$3,768
$4,002
March 2026
$2,094
$2,988
$3,703
$3,960
February 2026
$2,068
$2,967
$3,624
$3,926
January 2026
$2,131
$2,895
$3,542
$3,934
December 2025
$2,146
$2,900
$3,576
$3,969
November 2025
$2,122
$2,966
$3,649
$4,014
October 2025
$2,084
$3,057
$3,687
$4,051
September 2025
$2,111
$3,016
$3,699
$4,071
August 2025
$2,166
$3,030
$3,725
$4,080
Condo / Townhome
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$2,369
$3,375
$4,666
$4,247
June 2026
$2,396
$3,250
$4,739
$4,246
May 2026
$2,456
$3,483
$4,711
$4,183
April 2026
$2,431
$3,421
$4,780
$4,142
March 2026
$2,187
$3,153
$4,415
$4,135
February 2026
$2,183
$3,156
$4,592
$4,168
January 2026
$2,151
$3,228
$4,416
$4,211
December 2025
$2,216
$3,341
$4,582
$4,175
November 2025
$2,216
$3,403
$4,518
$4,211
October 2025
$2,208
$3,473
$4,596
$4,229
September 2025
$2,266
$3,578
$4,703
$4,237
August 2025
$2,300
$3,582
$4,517
$4,245
Single-Family
Month
1 BR
2 BR
3 BR
4 BR
August 2026
$2,212
$2,885
$3,911
$4,874
June 2026
$2,282
$2,716
$3,805
$4,543
May 2026
$2,228
$2,682
$3,785
$4,475
April 2026
$2,144
$2,650
$3,742
$4,428
March 2026
$2,134
$2,628
$3,720
$4,410
February 2026
$2,159
$2,635
$3,653
$4,411
January 2026
$2,156
$2,640
$3,668
$4,447
December 2025
$2,189
$2,658
$3,706
$4,495
November 2025
$2,205
$2,675
$3,732
$4,526
October 2025
$2,208
$2,684
$3,736
$4,533
September 2025
$2,216
$2,710
$3,735
$4,533
August 2025
$2,219
$2,701
$3,726
$4,524
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