The Miami rental apartment market is showing declines in price but remains one of the most expensive cities in the nation, according to Zumper’s National Rent Report for November.

Miami now ranks as the sixth-most expensive city in the U.S. for renters. The overall median rent across all property types in the metro area stands at $3,000. Despite the general decline in prices for typical apartments, the city's cost of housing remains high. It’s 57% higher than the national average.

The median price for a one-bedroom apartment fell to $2,500, marking a 3.8% drop year-over-year. Similarly, two-bedroom units dipped to a median of $3,230, a 3.6% decrease from the previous year.

This price dip in South Florida reflects a broader national trend identified by Zumper, suggesting the days of unre

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