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Miami rents dip in October, rank 9th nationally

One bedroom median rent is down to $1,750

Miami rents moderately dropped last month, according to reports by both Zumper and Abodo.

The former says one bedroom median rent in Miami, which continues to rank ninth nationally, decreased by 2.8 percent to $1,750 while the national one bedroom median rent dipped by 1.4 percent to $1,175.

It was the largest decrease by a city ranked in the Top 10 outside of Seattle, which dipped by 3.7 percent to $1,800. Two bedroom median rent in Miami went down as well but only slightly, by 0.8 percent to $2,430.

Fort Lauderdale rents dropped by 1.9 percent and 1 percent for one-bedrooms ($1,520) and two-bedrooms ($1,950), respectively. The city’s one bedroom median rent ranks 13th, down one spot from last month.

The top three nationally, per one bedroom median rent, is San Francisco, New York, and San Jose.