Rent in Miami could be on a downward trend, according to a recent report.
The median rent price for a one-bedroom apartment in Miami was $2,590, which represented a 4.10% decrease from the median price at the same time last year, as well as a 0.4% increase from the previous month, stated a report by Zumper, a digital marketplace for renters. That was the largest year-over-year decline for any city among the top 10 with the highest median rent prices — Miami placed sixth overall out of the 100 cities Zumper surveyed, down one rank from last year.
The median rent price for two-bedroom apartments in the city, meanwhile, was $3,300, which was a 2.20% increase from the prior month, but a 5.40% decrease from the same time last year…