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Miami Median Rents Rise in February, Rank 9th Nationally

One-bedroom rents rose to $1,840

Miami remained ninth nationally in one-bedroom median rents for February at $1,840, climbing 1 percent month over month and 5 percent year over year, via Zumper.

Two-bedroom median rents rose as well, to $2,600, a 4-percent boost from January and a whopping 13-percent increase year over year.

San Francisco and New York continued to pace the nation, ranking first and second, respectively, in both one-bedroom and two-bedroom rents.

As the Miami rental market becomes more and more oversaturated, when will prices begin to fall?