What is the rental vacancy rate in Miami Beach, FL?

The rental vacancy rate in Miami Beach, FL is 7.6% (±1.5 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 3.4% (±1.2 points).

21,643 (±750) homes, 34.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Miami Beach, the rental vacancy rate went from 5.0% in 2015–2019 to 7.6% in 2020–2024 (+2.6 percentage points), a measurable increase.

Figures last updated on .

Rental vacancy rate
7.6% (±1.5 points)
Homeowner vacancy rate
3.4% (±1.2 points)
Vacant homes
21,643 (±750)

Vacancy in Miami Beach against Miami-Dade County, its state and the nation

Estimate (90% margin of error)
Miami BeachMiami-Dade CountyFloridaUnited States
Rental vacancy rate7.6% (±1.5 points)5.5% (±0.3 points)7.6% (±0.2 points)5.5%
Homeowner vacancy rate3.4% (±1.2 points)1.2% (±0.1 points)1.4% (±0.1 points)0.9%
Vacant housing units21,643 (±750)119,572 (±2,516)1,503,660 (±20,826)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Miami Beach, the rental vacancy rate is higher than in Miami-Dade County (5.5%).

It is not measurably different from Florida (7.6%).

It is higher than the national figure (5.5%).

Rental vacancy rate in places near Miami Beach

Nearest places with a published estimate, compared with Miami Beach
PlaceDistanceRental vacancy rateCompared with this place
Miami Beach—7.6% (±1.5 points)—
North Bay Village2.7 mi7.1% (±6.9 points)Not measurably different
Fisher Island3.4 mi48.8% (±51.2 points)Not measurably different
El Portal4.3 mi0.0% (±45.1 points)Not measurably different
Miami Shores4.3 mi2.2% (±3.5 points)Lower
Miami4.5 mi6.5% (±0.5 points)Not measurably different
Indian Creek4.7 mi0.0% (±100.0 points)Not measurably different
Surfside4.9 mi8.8% (±13.7 points)Not measurably different
Biscayne Park5.3 mi0.0% (±21.5 points)Not measurably different

Nearby places with a measurably lower figure: Miami Shores, FL (2.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Miami-Dade County, place by place

RankPlaceRental vacancy rate
5Bal Harbour12.6% (±11.7 points)
6Coral Gables11.4% (±4.2 points)
7Surfside8.8% (±13.7 points)
8Fountainebleau8.7% (±2.3 points)
9Ojus8.2% (±5.4 points)
10North Miami Beach8.1% (±3.2 points)
11Miami Beach7.6% (±1.5 points)
12Glenvar Heights7.4% (±3.5 points)
13Aventura7.3% (±2.7 points)
14North Bay Village7.1% (±6.9 points)
15Kendale Lakes7.0% (±3.1 points)
16 (tie)Doral6.5% (±2.1 points)
16 (tie)Miami6.5% (±0.5 points)

Showing 13 of 70 places in Miami-Dade County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Miami Beach

Is it hard to find a rental in Miami Beach?

The rental vacancy rate in Miami Beach, FL is 7.6% (±1.5 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Miami Beach tighter than it was?

In Miami Beach, the rental vacancy rate went from 5.0% in 2015–2019 to 7.6% in 2020–2024 (+2.6 percentage points), a measurable increase.

How many homes are vacant in Miami Beach?

An estimated 21,643 (±750) housing units, 34.2% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Miami Beach city, Florida (place:45025, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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