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Rent Tracker
The average asking rent in Miami, FL is $2,665/month as of 2026-03. That is +0.7% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$2,665/mo
as of 2026-03
Year-over-Year Change
+0.7%
Monthly ZORI index values for Miami, FL.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $2,665 | +0.34% |
| 2026-02 | $2,656 | +0.19% |
| 2026-01 | $2,651 | -0.04% |
| 2025-12 | $2,652 | -0.08% |
| 2025-11 | $2,654 | -0.04% |
| 2025-10 | $2,655 | -0.04% |
| 2025-09 | $2,656 | -0.04% |
| 2025-08 | $2,657 | +0.00% |
| 2025-07 | $2,657 | +0.08% |
| 2025-06 | $2,655 | +0.08% |
| 2025-05 | $2,653 | +0.08% |
| 2025-04 | $2,651 | +0.15% |
| 2025-03 | $2,647 | +0.23% |
| 2025-02 | $2,641 | +0.15% |
| 2025-01 | $2,637 | +0.08% |
| 2024-12 | $2,635 | -0.04% |
| 2024-11 | $2,636 | -0.04% |
| 2024-10 | $2,637 | +0.00% |
| 2024-09 | $2,637 | +0.19% |
| 2024-08 | $2,632 | +0.19% |
| 2024-07 | $2,627 | +0.23% |
| 2024-06 | $2,621 | +0.15% |
| 2024-05 | $2,617 | +0.15% |
| 2024-04 | $2,613 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report