BreakThru Realty South Florida Rental Market Report

Each month BreakThru Realty Research publishes the South Florida Rental Market Report: every residential lease that closed through BeachesMLS in Miami-Dade, Broward, Palm Beach, Martin, St. Lucie and Indian River counties, with the rent each lease actually closed at, how long the home took to lease and how the closing rent compared with the asking rent, by county, home type, bedrooms and city, plus luxury and seasonal leases on their own and the homes for rent on the day of publication. Rental portals show asking rents; this report shows achieved rents. Every edition stays online with the figures it was published with.

Latest Edition: September 2026

  • 5,231 homes, condos and apartments leased through BeachesMLS across the six counties in September 2026, against 5,672 in August 2026.
  • The median South Florida lease in September 2026 closed at $2,650/mo, or $2.48/sq ft of living area.
  • Homes that leased in September 2026 closed at a median 100.0% of their asking rent, after a median 17 days on market.
  • Houses leased for a median $3,738/mo (1,038 leases) and condos, townhomes and apartments for $2,450/mo (4,193).
  • By size, studios $1,650/mo, 1 bedroom $1,950/mo, 2 bedrooms $2,500/mo, 3 bedrooms $3,300/mo and 4 or more bedrooms $5,000/mo.
  • Miami-Dade County recorded the most leases in September 2026 with 2,727 at a median $2,900/mo, followed by Broward County with 1,367 at $2,400/mo.
  • 195 leases closed at $10,000/mo or more, at a median $16,000/mo; the highest monthly rent recorded in September 2026 was $140,000/mo.
  • 79 season or stay leases closed in September 2026, at a median total of $4,000 for the stay; they are counted apart from the monthly rents.
  • Miami was the busiest city with 1,800 leases at a median $2,800/mo.
  • 1,841 of the 5,231 leases in September 2026 were recorded with one day on market or none, which in practice means a tenant was found before the home was entered in the MLS.
  • On October 21, 2026, 22,004 homes were for rent across the 54 cities the report covers.

Read the September 2026 edition

Closed Leases by County, September 2026

5,231 residential leases closed through BeachesMLS in September 2026 in the cities the report covers. Miami-Dade County had the most, 2,727. Each county's medians are its own; the last row is the median over every lease in the six counties, not an average of the rows. A season or stay total is counted in the last column and never in a rent median.

CountyLeasesMedian rentMedian rent per sq ftLease-to-askMedian days to leaseLeases at $10,000+Season leases
Miami-Dade County2,727$2,900/mo$2.98/sq ft100.0%12 days1393
Broward County1,367$2,400/mo$2.25/sq ft100.0%19 days2513
Palm Beach County836$2,483/mo$2.24/sq ft100.0%26 days3056
Martin County79$2,500/mo$1.88/sq ft100.0%37 days12
St. Lucie County199$2,400/mo$1.57/sq ft100.0%16 days05
Indian River County23$2,200/mo$1.57/sq ft100.0%16 days00
Six counties5,231$2,650/mo$2.48/sq ft100.0%17 days19579

A dash means fewer than 5 leases qualified for that median. Lease-to-ask is the closing rent as a share of the final asking rent.

Houses Against Condos, Townhomes and Apartments, September 2026

Single-family houses and everything else that leases as a home, each with its own medians. A house usually leases for more and takes longer to lease than a condo in the same city, so the two are never averaged together.

Home typeLeasesMedian rentMedian rent per sq ftLease-to-askMedian days to lease
Houses1,038$3,738/mo$2.32/sq ft100.0%15 days
Condos, townhomes and apartments4,193$2,450/mo$2.53/sq ft100.0%17 days

Home type is the MLS property subtype: Single Family Residence against condominium, townhouse, apartment and villa.

Closed Leases by Bedrooms, September 2026

What a studio, a one-bedroom, a two-bedroom, a three-bedroom and a larger home leased for across the six counties in September 2026. These are closing rents, not asking rents, so they are the figures to price a home against.

BedroomsLeasesMedian rentMedian rent per sq ftLease-to-askMedian days to lease
Studios210$1,650/mo$3.84/sq ft100.0%2 days
1 bedroom1,461$1,950/mo$2.86/sq ft100.0%16 days
2 bedrooms1,905$2,500/mo$2.41/sq ft100.0%19 days
3 bedrooms1,176$3,300/mo$2.22/sq ft100.0%16 days
4 or more bedrooms479$5,000/mo$2.26/sq ft100.0%18 days

A home whose listing gives no bedroom count is in the county and region figures but in none of these rows.

Luxury and Seasonal Leases, September 2026

Leases at $10,000/mo or more across the six counties, with their own medians, and the season and stay leases whose closing amount is the whole stay rather than a month.

GroupLeasesMedian rentMedian rent per sq ftLease-to-askMedian days to lease
Monthly leases at $10,000/mo or more195$16,000/mo$6.12/sq ft95.8%12 days
Season and stay leases (total for the stay)79————

Season leases: 79, median total $4,000 for the stay. A stay total is never shown as a monthly rent. City rows use each city's own luxury line; this row uses $10,000 a month for the whole region.

Closed Leases by City, September 2026

Every city with at least 5 monthly leases in September 2026, busiest first. City names link to that city's rentals; the luxury column counts leases at the city's own luxury line, because the same rent is a different market position in different cities.

CityLeasesMedian rentMedian rent per sq ftLease-to-askMedian days to leaseLuxury leases
Miami1,800$2,800/mo$2.84/sq ft100.0%12 days53 at $10,000/mo+
Brickell389$3,650/mo$3.94/sq ft98.7%14 days16 at $10,000/mo+
Miami Beach369$2,800/mo$3.81/sq ft100.0%11 days35 at $10,000/mo+
Fort Lauderdale336$2,200/mo$2.52/sq ft100.0%14 days30 at $7,000/mo+
West Palm Beach299$2,100/mo$2.12/sq ft100.0%29 days14 at $7,000/mo+
Hollywood206$2,100/mo$2.35/sq ft100.0%9 days6 at $7,000/mo+
Pembroke Pines148$2,600/mo$2.10/sq ft100.0%17 days3 at $7,000/mo+
Doral144$3,150/mo$2.38/sq ft100.0%12 days3 at $7,000/mo+
Port St. Lucie137$2,500/mo$1.55/sq ft100.0%16 days0 at $7,000/mo+
Pompano Beach134$2,150/mo$2.16/sq ft100.0%21 days6 at $7,000/mo+
Coral Springs129$2,300/mo$2.00/sq ft100.0%16 days1 at $7,000/mo+
Delray Beach124$2,500/mo$2.28/sq ft100.0%18 days10 at $7,000/mo+
Aventura105$3,100/mo$2.67/sq ft97.1%16 days8 at $7,000/mo+
Jupiter94$3,100/mo$2.44/sq ft100.0%25 days4 at $10,000/mo+
Boynton Beach90$2,338/mo$2.20/sq ft100.0%31 days2 at $7,000/mo+
Coral Gables88$3,650/mo$3.45/sq ft100.0%4 days12 at $10,000/mo+
Palm Beach Gardens88$3,000/mo$2.17/sq ft100.0%26 days8 at $10,000/mo+
Sunny Isles Beach85$2,800/mo$2.98/sq ft97.7%17 days10 at $10,000/mo+
Davie77$2,600/mo$2.11/sq ft100.0%24 days9 at $7,000/mo+
Deerfield Beach74$2,588/mo$2.23/sq ft100.0%22 days2 at $7,000/mo+
Weston69$3,300/mo$2.31/sq ft100.0%25 days2 at $10,000/mo+
Plantation61$2,650/mo$2.08/sq ft100.0%29 days1 at $7,000/mo+
Fort Pierce58$1,990/mo$1.63/sq ft100.0%17 days0 at $7,000/mo+
Wellington56$3,200/mo$2.00/sq ft100.0%40 days1 at $10,000/mo+
Oakland Park55$1,950/mo$2.19/sq ft100.0%24 days0 at $7,000/mo+
Lake Worth Beach48$1,725/mo$2.56/sq ft100.0%20 days0 at $7,000/mo+
Stuart42$2,250/mo$1.82/sq ft100.0%38 days0 at $7,000/mo+
Bay Harbor Islands36$3,750/mo$3.02/sq ft98.7%0 days7 at $7,000/mo+
Coconut Creek34$2,300/mo$2.05/sq ft100.0%25 days0 at $7,000/mo+
Key Biscayne31$7,500/mo$4.73/sq ft95.8%26 days9 at $10,000/mo+
Jensen Beach21$2,500/mo$2.09/sq ft100.0%41 days0 at $7,000/mo+
Lauderdale-by-the-Sea18$2,275/mo$2.59/sq ft100.0%55 days1 at $7,000/mo+
North Palm Beach18$2,075/mo$2.64/sq ft100.0%19 days0 at $7,000/mo+
South Miami18$2,300/mo$3.18/sq ft100.0%22 days3 at $7,000/mo+
Vero Beach18$2,238/mo$1.67/sq ft100.0%20 days0 at $7,000/mo+
Bal Harbour14$3,800/mo$4.41/sq ft95.6%49 days5 at $10,000/mo+
Surfside14$3,425/mo$3.43/sq ft98.6%33 days4 at $7,000/mo+
Parkland12$5,650/mo$2.46/sq ft100.0%17 days1 at $10,000/mo+
Coconut Grove11$7,000/mo$5.53/sq ft100.0%0 days4 at $10,000/mo+
Pinecrest11$2,200/mo$2.64/sq ft100.0%39 days1 at $10,000/mo+

A district (Brickell, Fisher Island) is listed on its own and also counted inside its city. A dash means fewer than five leases for that median.

Median Closing Rent by City and Bedrooms, September 2026

The same cities, by size: the median closing rent for each bedroom count, with the number of leases in brackets. A dash with a count means too few leases for a median.

CityStudio median rent1 bed median rent2 beds median rent3 beds median rent4+ beds median rent
Miami$1,675/mo (84)$2,350/mo (598)$2,670/mo (654)$3,300/mo (345)$4,700/mo (119)
Brickell (district)$2,500/mo (24)$3,000/mo (183)$4,150/mo (149)$7,600/mo (29)— (4)
Miami Beach$1,700/mo (60)$2,400/mo (164)$3,995/mo (110)$9,125/mo (24)$24,000/mo (11)
Fort Lauderdale$1,400/mo (21)$1,800/mo (109)$2,430/mo (119)$3,600/mo (67)$6,350/mo (20)
West Palm Beach— (4)$1,525/mo (89)$2,000/mo (128)$2,500/mo (60)$4,100/mo (18)
Hollywood$1,850/mo (11)$1,660/mo (84)$2,000/mo (51)$3,145/mo (46)$4,150/mo (14)
Pembroke Pines— (1)$1,700/mo (27)$2,200/mo (55)$3,400/mo (38)$4,500/mo (27)
Doral— (2)$2,000/mo (25)$2,700/mo (33)$3,525/mo (62)$4,575/mo (22)
Port St. Lucie—$1,475/mo (12)$2,100/mo (21)$2,500/mo (66)$2,825/mo (38)
Pompano Beach— (2)$1,690/mo (37)$2,150/mo (60)$3,475/mo (30)$3,400/mo (5)
Coral Springs— (2)$1,625/mo (12)$2,000/mo (43)$2,600/mo (49)$5,000/mo (23)
Delray Beach—$1,800/mo (32)$2,425/mo (58)$3,800/mo (23)$6,500/mo (11)
Aventura—$1,850/mo (19)$3,150/mo (67)$5,500/mo (18)— (1)
Jupiter— (1)$2,100/mo (9)$2,600/mo (39)$3,800/mo (39)$9,125/mo (6)
Boynton Beach—$1,875/mo (22)$2,300/mo (37)$3,100/mo (22)$4,500/mo (9)
Coral Gables$1,800/mo (7)$2,200/mo (23)$3,650/mo (28)$7,500/mo (17)$12,500/mo (13)
Palm Beach Gardens—$2,200/mo (11)$2,600/mo (27)$3,450/mo (24)$7,100/mo (26)
Sunny Isles Beach— (1)$2,000/mo (26)$2,850/mo (41)$6,750/mo (14)— (3)
Davie—$1,650/mo (11)$2,200/mo (33)$3,300/mo (19)$7,500/mo (14)
Deerfield Beach— (2)$1,600/mo (15)$2,425/mo (30)$3,500/mo (22)$3,300/mo (5)
Weston——$2,550/mo (27)$3,700/mo (19)$5,950/mo (23)
Plantation—$1,700/mo (11)$2,300/mo (20)$2,975/mo (20)$5,925/mo (10)
Fort Pierce—$1,400/mo (7)$1,800/mo (23)$2,200/mo (22)$2,775/mo (6)
Wellington— (1)— (3)$2,500/mo (16)$3,050/mo (26)$3,850/mo (10)
Oakland Park— (2)$1,653/mo (13)$2,000/mo (29)$3,500/mo (10)— (1)
Lake Worth Beach$1,750/mo (5)$1,563/mo (24)$2,223/mo (14)$2,800/mo (5)—
Stuart—— (3)$1,875/mo (20)$2,950/mo (13)$3,600/mo (6)
Bay Harbor Islands—$2,200/mo (10)$3,100/mo (19)$9,900/mo (7)—
Coconut Creek—— (4)$2,100/mo (17)$3,150/mo (11)— (2)
Key Biscayne—— (1)$6,175/mo (14)$8,000/mo (10)$15,000/mo (6)
Jensen Beach—$1,700/mo (5)$2,300/mo (9)— (4)— (3)
Lauderdale-by-the-Sea— (2)$1,950/mo (8)$3,000/mo (5)— (1)— (2)
North Palm Beach—$1,800/mo (7)$2,325/mo (8)— (1)— (2)
South Miami—$2,075/mo (8)— (4)— (3)— (3)
Vero Beach—— (2)— (4)$2,275/mo (10)— (2)
Bal Harbour— (1)$2,500/mo (7)— (3)— (1)— (2)
Surfside— (1)— (4)$3,500/mo (5)— (3)— (1)
Parkland———$3,500/mo (5)$6,500/mo (7)
Coconut Grove—$2,550/mo (5)— (1)— (4)— (1)
Pinecrest—— (4)— (4)—— (3)

City names link to that city's recently leased homes, where each lease is listed with the rent it closed at.

Homes for Rent by County, October 21, 2026

The homes for rent on October 21, 2026 in the cities the report covers, counted once per city (a district is not added to its city).

CountyFor rentCities reporting
Miami-Dade County10,37914
Broward County5,80716
Palm Beach County4,29714
Martin County5475
St. Lucie County8393
Indian River County1352
Six counties22,00454

A county total covers the cities with a rental hub, not every address in the county.

Homes for Rent by City, October 21, 2026

Asking rents on the day of publication, for comparison with the closing rents above. The gap between the two is the negotiating room, and it differs by city.

CityFor rentMedian asking rentHouses for rentHouses, median askingCondos & apartments for rentCondos & apartments, median asking
Miami6,172$3,100/mo1,744$3,200/mo4,428$3,000/mo
Miami Beach1,747$3,450/mo136$8,250/mo1,611$3,365/mo
Fort Lauderdale1,483$2,750/mo598$3,900/mo885$2,350/mo
Hollywood1,279$2,650/mo416$3,400/mo863$2,464/mo
Brickell1,264$3,900/mo63$3,500/mo1,201$3,900/mo
West Palm Beach988$2,200/mo335$2,800/mo653$1,900/mo
Boca Raton801$3,100/mo328$4,900/mo473$2,300/mo
Sunny Isles Beach752$5,000/mo11$15,000/mo741$4,900/mo
Pompano Beach707$2,500/mo178$3,200/mo529$2,200/mo
Delray Beach684$2,550/mo277$3,998/mo407$2,100/mo
Aventura541$3,200/mo22$5,225/mo519$3,150/mo
Port St. Lucie498$2,713/mo408$2,850/mo90$1,750/mo
Coral Springs423$2,150/mo106$3,000/mo317$2,000/mo
Wellington400$5,500/mo324$5,600/mo76$2,775/mo
Pembroke Pines365$2,350/mo133$3,450/mo232$2,087/mo
Doral356$3,100/mo126$4,600/mo230$2,700/mo
Boynton Beach341$2,600/mo159$3,398/mo182$2,150/mo
Deerfield Beach336$2,400/mo119$3,200/mo217$2,025/mo
Jupiter305$4,500/mo125$4,500/mo180$4,575/mo
Fort Pierce301$2,400/mo164$2,400/mo137$2,350/mo
Palm Beach Gardens281$4,025/mo188$5,500/mo93$2,800/mo
Stuart273$2,995/mo88$3,175/mo185$2,750/mo
Coral Gables237$4,465/mo94$7,925/mo143$2,750/mo
Davie220$2,385/mo92$3,325/mo128$2,100/mo
Oakland Park216$1,900/mo69$3,000/mo147$1,800/mo
Plantation205$2,350/mo88$3,800/mo117$2,000/mo
Jensen Beach188$3,250/mo41$3,225/mo147$3,390/mo
Key Biscayne176$9,000/mo30$18,700/mo146$8,000/mo
Weston167$3,800/mo126$4,000/mo41$2,480/mo
Lake Worth Beach158$1,995/mo64$2,850/mo94$1,800/mo
Palm Beach155$9,500/mo35$37,500/mo120$7,000/mo
Lauderdale-by-the-Sea140$3,725/mo23$6,738/mo117$3,300/mo
Coconut Creek132$2,200/mo27$3,298/mo105$2,150/mo
Vero Beach128$2,200/mo69$2,500/mo59$1,800/mo
North Palm Beach102$2,825/mo23$4,350/mo79$2,650/mo
Bal Harbour100$6,650/mo1$15,000/mo99$6,600/mo
Bay Harbor Islands92$4,200/mo8$8,700/mo84$4,100/mo
Surfside85$4,225/mo12$6,950/mo73$3,950/mo
Lighthouse Point59$3,100/mo30$6,450/mo29$2,300/mo
Pinecrest54$3,848/mo31$8,600/mo23$2,000/mo
Palm City50$3,350/mo38$3,350/mo12$5,350/mo
Highland Beach48$7,350/mo8$9,000/mo40$7,200/mo
South Miami45$2,900/mo18$4,800/mo27$2,100/mo
Hutchinson Island40$3,350/mo2$28,400/mo38$3,350/mo
Fisher Island36$29,000/mo0—36$29,000/mo
Hillsboro Beach34$5,000/mo4$9,500/mo30$4,900/mo
Parkland32$6,998/mo30$7,125/mo2$3,998/mo
Hobe Sound31$3,000/mo25$3,500/mo6$2,000/mo
Ocean Ridge25$10,000/mo15$14,250/mo10$4,500/mo
Coconut Grove14$14,125/mo4$17,375/mo10$10,500/mo
Southwest Ranches9$11,750/mo9$11,750/mo0—
Golden Beach8$27,500/mo8$27,500/mo0—
Sebastian7$2,200/mo5$2,900/mo2$1,788/mo
Gulf Stream6$20,000/mo3$24,500/mo3$16,500/mo
Jupiter Island5$62,500/mo5$62,500/mo0—
Manalapan3$37,500/mo2$61,250/mo1$21,000/mo

City names link to that city's homes for rent today.

Every Edition

How the Rental Market Report Works

Each edition is built from BeachesMLS once the month has closed: every residential lease recorded as closed in the month, in every city with a BreakThru rental hub, with the rent it closed at, the days it took and the asking rent it started from, by county, home type, bedrooms and city, compared with the month before. Season and stay totals are counted on their own. The homes for rent on the day of publication are counted from the same feed. Once published an edition never changes. The methodology and each edition's notes explain every calculation; the other reports are on BreakThru Realty Research.

  • MLS leases are not the whole rental market. Apartment communities that lease from their own office, owners who lease privately and listings on rental portals alone are not entered in the MLS. Read these counts as the MLS-recorded market, and compare them from one edition to the next.
  • A closing rent is the rent recorded at closing. It does not show concessions, a free month, included utilities or furnishings, which change what a tenant actually pays.
  • A median from a handful of leases moves with which homes happened to lease. A city or bedroom row with few leases is shown for the record, not as a trend; read it across several editions.
  • Days to lease is the MLS days-on-market count for the listing that leased. A lease recorded with one day on market or none was usually agreed before the listing was entered, and the report counts those separately.

Renting in South Florida

The figures describe the market; the listings show what is for rent today. A BreakThru rental agent builds a shortlist, schedules tours and helps you apply with a complete file, and in most South Florida rentals the owner pays the agent. Search homes for rent

Leasing a Home Out

The achieved rents in this report are the numbers a rental valuation is built on. Ask what your home would rent for, or request a rental analysis from an agent who prices against closed leases, not asking rents. What would my home rent for?

South Florida Rentals