05/11/2026
Miami’s rental crisis is no longer just a talking point — it’s now officially the worst in the nation.
Out of 182 U.S. cities ranked by for rental affordability, Miami landed dead last, underscoring the growing divide between the city’s luxury-fueled growth and the financial realities facing everyday residents. While high-profile billionaires including , , and continue flocking to South Florida, many middle-class Miamians are struggling to keep up with soaring housing costs and stagnant wage growth.
According to data cited in the report, Miami’s average rent now sits around $3,150 per month, while median household income hovers near $62,000 annually — leaving many residents spending well above the recommended one-third of their income on housing.
The findings also paint a broader picture for Florida, with no city in the state ranking within the top 100 for rental affordability, highlighting the mounting pressure affordability challenges are placing on communities across South Florida.