Report reveals Miami offers the smallest rental space in Florida for $1,500

Renting for $1,500 in Miami offers just 506 sq ft, the smallest in Florida and well below the national average of 715 sq ft. Nearby cities like Fort Lauderdale and Hialeah provide slightly more space but still lag behind. High demand from population growth and limited affordable housing supply, combined with luxury-focused development, drive prices up and space down. Many renters share housing or move farther out, spending over 40% of income on rent.