Rents are down in the Miami, but still unaffordable for many

Rental prices in South Florida have continued to trend downwards, according to a report by Realtor.com.

According to the company’s June 2026 Rental Report, June marked the 35th consecutive month of year-over-year rent decline for properties with zero to two bedrooms “across the 50 largest metros” in the U.S.

In the Miami-Fort Lauderdale-West Palm Beach area, the median asking rent was $2,277 in June, down 2.6% year-over-year, according to the report…

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