I have had several customers moving to Miami wonder where all the cheap rentals they are reading/hearing about are? There are still plenty of rentals in the downtown Miami area, but that is a generalization. Most renters are looking for a specific type of building, location, price range etc., all of which are limiting factors. One of my clients wanted a 3 bedroom 2 bath and her specifications meant there were only two available rentals.
Here is what is available in the MLS if you are looking in the Brickell/Coconut Grove area for unfurnished condos built since 1990:
- There are 24 three bedroom two (or more) bath units ranging in price from $2,500 up to $8,000
- There are 47 two bedroom two (or more) bath units ranging in price from $1,650 up to $7,500
- There are 67 one bedrooms for rent ranging in price from $1,300 – $5,500
You would be surprised by how much your specifications will either shrink or increase the availability of rentals in the Miami area.