Small Gains, Big Strain: Miami’s Renters Still Feeling the Heat

Miami–Fort Lauderdale–West Palm Beach, FL saw renters spending 37.1% of their income on rent in September 2025.
The median asking rent was $2,298, exceeding the maximum affordable rent of $1,857 by 24%.
Affordability improved by 3.3 percentage points from last year, offering some relief despite steep costs.
Strong demand continues to drive competition across South Florida, fueled by migration and limited supply.
However, affordability challenges remain widespread, especially for middle-income renters.