Miami–Fort Lauderdale–Pompano Beach
The Miami–Fort Lauderdale–Pompano Beach metro showed minimal rent movement in Q1 2026, with the ZORI index near $2,788–$2,795 — essentially flat year-over-year — as South Florida's high-cost market proved more resilient than most of the state.
Historical Trends — 9 Quarters
Average asking rent ($/mo) and vacancy rate (%) — Q2 2024 through Q2 2026
- Vacancy %
- Avg Rent
* Figures are modeled estimates based on Florida Realtors, Apartment List, RealPage, and Zillow ZORI data. Q2 2026 reflects preliminary estimates. For research and informational purposes only.
Miami–Fort Lauderdale–Pompano Beach — Q1 2026 Rental Market Report
The Miami–Fort Lauderdale–Pompano Beach MSA (the combined tri-county South Florida metro) remains one of the most expensive and resilient rental markets in Florida heading into 2026. While the broader state saw rents fall ~3% year-over-year, the Miami metro has largely held its ground, driven by sustained international demand, limited land for new construction, and continued in-migration.
Key Metrics — Q1 2026
- ZORI (Miami-Dade, Jan–Feb 2026): $2,788–$2,795/month
- Apartment List median (Miami-Dade, overall, Jan–Feb 2026): $1,785–$1,787
- Year-over-year change: Approximately 0% to +2.6% (Miami city, agentsgather.com)
- Multifamily vacancy (Miami): ~7.4% (Q3 2025, flalandlord.com)
Market Conditions
Miami remains a global city with demand from Latin American buyers, financial sector workers, and remote professionals. Rents at the high end are flat to slightly positive. New luxury product in Brickell, Edgewater, and Wynwood is absorbing slowly, creating concessions in Class A. Workforce housing in Little Havana, Hialeah, and North Miami remains extremely tight. The Fort Lauderdale and Pompano sub-markets are slightly softer, with more new supply in Broward.
Outlook for Landlords
South Florida's structural supply constraints and international appeal provide a floor under rents that most other Florida metros lack. Landlords here are in a stronger position than peers elsewhere in the state, though operating cost pressures (insurance, taxes) remain significant challenges to net operating income.
Sources: Florida Housing Data Clearinghouse / Shimberg Center (ZORI & Apartment List data, 2026), Florida Realtors (April 2026), agentsgather.com, flalandlord.com.