Miami-Dade Rents Drop 2nd Straight Summer, Down 8% From 2022 Peak

A review of the Miami-Dade County rental statistics shows that the median monthly rental rate per unit is now $2,750 compared to nearly $3,000 in the summer of 2022.

Tenants paid a median price of $2,750 monthly for residential units leased during the Miami-Dade County Summer Buying Season that spanned from May through October 2024. (Photo courtesy of CVRRealty.com)

Has the Miami-Dade County residential rental market peaked?

The number of leases completed in Miami-Dade County flatlined during the recently concluded 2024 Summer Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.

Tenants leased less than 150 more residential properties in Miami-Dade County during the 2024 season compared to a year earlier in the 2023 season.

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This information is provided for general informational purposes only, based on research, personal experience and interviews. It should not be considered legal advice, as we are not attorneys. While believed to be accurate and complete, this information is provided “as is” without warranty or guarantee of any kind.

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