Miami’s infamously hot rental market appears to be cooling, with the city’s overall median rent experiencing a significant annual decline, according to the latest Zumper Rent Report for September 2025.
The overall median rent for all bedroom counts and property types in Miami now stands at $3,050, an 8% decrease compared to the same time last year.
Despite the notable drop, the city’s average rent remains 55% higher than the national median, underscoring Miami’s continued status as one of the most expensive metro areas in the nation. The market has stabilized recently, with rents remaining flat month-over-month…