Recently released data from the Department of Housing and Urban Development (HUD) shows that 13 states now have median market rents exceeding $2,000 per month, with the Miami metro ranked 10th.
In the Miami-Fort Lauderdale-West Palm Beach metro, the median monthly rent is $2,593. Median 3-bedroom rent is up to $3,349, and median 4-bedroom rent is now at $3,906.
Oceanfront properties in Ft. Lauderdale.
The Palmer / Getty Images Signature
Putting it in context, rents in the Miami metro are 34.8% above the national median of $1,924, underscoring how local housing costs compare with broader U.S. trends.
The new analysis from Construction Coverage covers rental prices across more than 380 metropolitan areas and all 50 states.
Data released by the Bureau of Labor Statistics in October 2025 showed the overall Consumer Price Index up 3.0% year-over-year; however, the index for shelter rose 3.6% during that same period.
Sustained rent prices remain a driving force behind these higher housing costs. The dynamics of the rental market in recent years largely reflect simple supply and demand.
The findings help explain why many renters aren’t feeling relief despite rising vacancy rates and slowing rent growth.
California leads the list with a median rent of $2,895, followed by Hawaii at $2,869, Massachusetts at $2,595, and New York at $2,592.
Here is a summary of the data for the Miami-Fort Lauderdale-West Palm Beach metro:
• Median rent: $2,593
• Median studio rent: $1,931
• Median 1-br rent: $2,096
• Median 2-br rent: $2,545
• Median 3-br rent: $3,349
• Median 4-br rent: $3,906
For reference, here are the statistics for the entire United States:
• Median rent: $1,924
• Median studio rent: $1,439
• Median 1-br rent: $1,553
• Median 2-br rent: $1,855
• Median 3-br rent: $2,393
• Median 4-br rent: $2,752
To read the full report, click here.