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Miami rent report shows slight decrease from last year

Miami remains No. 9 in the country

'Panama Papers' Renew Focus On Miami Luxury Real Estate Market Boom
An aerial of downtown Miami
Photo by Joe Raedle/Getty Images

According to the latest national rent report by Zumper, Miami apartments have decreased slightly in price year over year.

The data may have placed Miami as the ninth most expensive market for median one-bedroom apartments, which is actually up a spot from a year ago, but it also shows a 3 percent decrease from $1,800 to $1,750 a month. For two-bedrooms, it was a slightly bigger drop, as rents dipped by 4 percent, from $2,500 to $2,400 a month.

It was a similar story in Fort Lauderdale, where one-bedrooms remained flat year over year ($1,500) and two-bedrooms dipped by 5 percent ($1,900).

Nationally, one bedroom median rent grew by 5 percent month over month to $1,233, while two-bedroom units remained flat at $1,392. San Francisco, New York City, and San Jose continue to round out the top three.

The top 25 markets are below.

Zumper