Looking to rent for $2000 a month in Miami? Here's what to expect......
Updated: Jul 31, 2018
With a $2000.00 budget and a fresh outlook on life you're looking for a taste of the high life in the Miami area. In this article I'm going to show you what other people were able to rent for $2000.00 and where in Miami you can still live the 2-ply lifestyle with a 1-ply budget!
Firstly, $2000 bucks is unfortunately not going to get you a single family house near Miami. That includes Miami Beach, Key Biscayne, Bal Harbour, Morningside, Coconut Grove and other more established areas, where you'd be looking well in excess of $4000+. If you have extremely low expectations there may be a handful of homes to choose from, but your best bet is going to be looking at the apartment/condo/townhouse market where you can still get some really good value. Each one of the units below rented for about $2000. Some are close to the beach, some are newer, some have really great amenities, and some seem to rent without having much going for them. It's all relative!
Miami Beach: The Flamingo 1 bedroom 1.5 bathroom, 1087 square feet
Miami Beach: (South of Fifth) Cosmopolitan, 1 bedroom, 1 bathroom, 612 square feet
Bal Harbour: 3 bedrooms 2 bathrooms, 1400 square feet
Downtown: Mary Brickell Village 1 bedroom, 1 bathroom, 945 square feet
Downtown: Millecento 1 bedroom, 1 bathroom, 812 square feet
Downtown: Axis, 1 bedroom, 1 bathroom
Downtown North: Vizcayne 1 bedroom, 1 bathroom, 806 square feet
Coral Gables: Keystone 2 bedrooms, 2 bathrooms, 900 square feet
This article strictly looks at what people were able to get for a specific price. There were over three hundred rental transactions at $2000 over the last 60 days in the general Miami area and this is a very small sample of whats out there. That said, its interesting to see how much variety is available at each price point and how different peoples tastes are. Thanks for reading!
About the Author:
Mr. Kafin is the managing member of the K-FIN Group at Sotheby's International Realty. The K-FIN Group specializes in real estate transactions for alternative asset professionals. He is a member of the CFA Society for financial analysts, and was both a derivatives market maker and general partner for two Private Equity ventures. He is also a respected and recognized asset volatility analyst.
If you’d like to chat about South Florida real estate or any of the topics discussed in this article please feel free to contact me. I live on the Miami Beach and would love to chat. Hope to talk to you soon!
Sam Kafin
(T) 954-821-5441 email: sam@kfingroup.com