Rents across the U.S. may have been falling for nearly two years, but five large coastal metros stood out last month as having the nation’s least affordable rental markets—including one of Florida’s hottest tourist destinations.
Miami was ranked as the least affordable of the top 50 metros, according to the Realtor.com® April 2025 Rental Report. The median rent in April was $2,345—meaning, a typical household would have to spend roughly 38% of their monthly paycheck on housing.
A rent is considered affordable if tenants spend no more than 30% of their gross household income. The U.S. Department of Housing and Urban Development defines cost-burdened households as those paying more than 30%…