Miami, FL Homes For Rent

Homes for Rent in Miami, FL: What You Need to Know

From the TV show “Miami Vice” to the crime novel “Miami Blues,” this city in southeastern Florida has captivated the world in more ways than one.

Local Sports

If you love sports, then you’ll love Miami for its superb teams: Dolphins (NFL), Heat (NBA), Marlins (MLB), Panthers (NHL), and Inter Miami CF (MLS). The Dolphins have won two Super Bowl titles, the Heat three NBA championships, and the Marlins two World Series titles.

The Cost of Living in Miami

For a midsize city, Miami (population: 467,963) is expensive. Its cost of living is 14.7% higher than the national average. Food and housing costs aren’t any better; they are 13.2% and 23.4% higher than the national average, respectively. Miami’s median gross rent is $1,120 while the median rent for a two-bedroom apartment in Miami and Dade County is $2,134. One of the best things about Florida is it doesn’t levy any income tax. The state imposes a sales tax rate of 6% to 8.50%.

Know Your Neighborhoods

Living in downtown Miami means being close to the city’s business and cultural hubs, but remember, it also means congestion and limited street parking. You’ll find contemporary high-rises with stunning views of Biscayne Bay downtown. Brickell is close to downtown, and there’s a new housing development in the neighborhood. In the suburbs, Gladeview and Ojus are great choices for their affordability. Residents love Gladeview for its diverse community and proximity to Miami. The majority of residents in Gladeview are renters. Ojus is known for its amenities and excellent schools.

The Local Population 

It’s not surprising that the majority (71%) of the population in Miami and Dade County combined are Hispanic or Latino. Florida, originally a Spanish colony, has a long history of welcoming Spanish-speaking newcomers. In the 1960s, a wave of Cuban immigrants fleeing Fidel Castro’s communist regime arrived. At the same time, many Puerto Ricans also immigrated to Florida, not for political reasons but to seek economic opportunities. 

Retirees flock to Florida, but apparently not to Miami. A breakdown of its population shows the largest groups are not of retirement age – 14.45% belong to the 45-54 age bracket and 13.73% belong to the 35-44 age group. 

Things to Do in Miami

Over 23 million people visit Miami annually, contributing about $18 billion to the local economy. Most visitors go to the beaches, especially South Beach where sightings of celebrities are common. Miami is incredibly diverse as reflected by its neighborhoods. View Purvis Young’s murals in Overtown, a historic African American neighborhood. Visit the Cultural Complex in Little Haiti for sculpture and crafts and the Cubaocho Art and Research Center in Little Havana for an extensive collection of Cuban art.