A new report by ABODO Apartments indicates that Miami apartment dwellers continue to pay some of the highest rents in the country. The February 2018 edition of the National Apartment Report includes new data and pricing for Miami.
The February data shows that, as of this week, Miami is the 11th most expensive rental market in the U.S., out of 110 total cities analyzed.
In Miami, the median 1-bedroom rent price clocked in at $1,825. In terms of rent change month-over-month, the price of a 1-bedroom apartment in Miami experienced a 0.61% increase from January to February.
Looking at the entire country, ABODO found that the national median rent for one-bedrooms dropped from $1,046 to $1,044, marking the first decrease in six months.
- National Apartment Report February 2018 [ABODO]
- Miami is the most cost-burdened rental market again, per new study [Curbed Miami]
- Miami rents have declined in many popular neighborhoods [Curbed Miami]
- Miami rent report shows slight decrease from last year [Curbed Miami]
- Miami metro has the most dire need for affordable housing in the country, per report [Curbed Miami]