Rents in the Miami-Fort Lauderdale-West Palm Beach metro are easing as 2025 comes to a close, offering some relief in one of the country’s most expensive rental markets.
The Realtor.com® November 2025 Rental Report shows that asking rents are finally moving lower after years of rapid growth, even as overall costs remain high.
Still, for South Florida renters, the numbers on paper might be cooling, but not enough for comfort.
Miami rents fall, but affordability is still strained
Miami-Fort Lauderdale-West Palm Beach posted a 2.7% year-over-year decline in median asking rent for 0- to 2-bedroom units in November, with the average rent coming in at $2,287…