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RentData.org Logo Miami-Miami Beach-Kendall Fair Market Rent FY 2023 Miami-Miami Beach-Kendall, FL HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Miami-Miami Beach-Kendall, FL :
$1,362 $1,546 $1,923 $2,530 $2,997
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Miami-Miami Beach-Kendall are very high compared to the national average. This FMR area is more expensive than 98% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Miami-Miami Beach-Kendall is $1,923 per month.

The previous year, rent for a two-bedroom home was $1,672 per month. This is a 15.01% increase year-over-year.

This FMR rate applies to Coral Gables, FL, Key Biscayne, FL, North Miami Beach, FL, Opa Locka, FL, Miami Beach, FL, Homestead, FL, Hialeah, FL, Miami, FL and other cities within the region. The Metro Code or CBSA code for this region is METRO33100MM5000.

Additionally, This Fair Market Rent (FMR) area Miami-Miami Beach-Kendall, FL HUD Metro FMR Area spans one county or city in Florida which is listed in the table below. Estimated population of Miami-Miami Beach-Kendall, FL HUD Metro FMR Area FMR area is 2,705,528 people based on latest Census data.

Compared to the rest of Florida, the Miami-Miami Beach-Kendall FMR area is more expensive than 96% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Miami-Miami Beach-Kendall. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Miami-Miami Beach-Kendall

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1472
1-BR 1-Bedroom $ 1670
2-BR 2-Bedroom $ 2078
3-BR 3-Bedroom $ 2734
4-BR 4-Bedroom $ 3239
Change Year:
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Miami - Ft. Lauderdale.

County / Region Est. Population
Miami-Miami Beach-Kendall, FL Metro 2,705,528
Zip Codes in Miami-Miami Beach-Kendall, FL HUD Metro FMR Area

There are 114 unique zip codes in this Fair Market Rent (FMR) area:

33002, 33010, 33011, 33012, 33013, 33014, 33015, 33016, 33017, 33030, 33031, 33032, 33033, 33034, 33035, 33039, 33054, 33055, 33090, 33092, 33101, 33109, 33112, 33114, 33116, 33119, 33122, 33124, 33125, 33126, 33127, 33128, 33129, 33130, 33131, 33132, 33133, 33134, 33135, 33136, 33137, 33138, 33139, 33140, 33141, 33142, 33143, 33144, 33145, 33146, 33147, 33149, 33150, 33152, 33153, 33154, 33155, 33156, 33157, 33158, 33160, 33161, 33162, 33163, 33164, 33165, 33166, 33167, 33168, 33169, 33170, 33172, 33173, 33174, 33175, 33176, 33177, 33178, 33180, 33181, 33182, 33183, 33184, 33185, 33186, 33187, 33189, 33190, 33193, 33194, 33195, 33196, 33197, 33199, 33222, 33231, 33233, 33234, 33238, 33239, 33242, 33243, 33245, 33247, 33255, 33256, 33257, 33261, 33265, 33266, 33269, 33280, 33283 and 33296

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