The Best And Worst Months To Look For Apartments In Miami

The Best And Worst Months To Look For Apartments In Miami

Don't go apartment hunting in May never again!

Condos in Brickell and Downtown Miami
Courtesy of Michelle Baumgard

A common question for Miami renters has to be regarding the ideal times to be searching for their next apartment or condo.

Knowing the seasonal differences in asking price can help those with flexible leases time their next apartment swap. r and January. Reading  data study where they "explore the monthly differences in median one-bedroom asking rents in ten distinct metro areas."

Their Miami findings are below, showing the worst time to rent is May and June and best time to rent is between September and January.

The most extreme difference occurs in Miami, with a 4.5% premium for only two months in May and June, then a discount of about 2% from September all the way through January. Again, these representing asking rent prices, so we shouldn't be too quick to jump to conclusions, but there must be some compelling reasons to cause such a huge seasonal shift.

Obviously, the Miami area contains a lot of seasonal housing and short-term rentals, but all of our data draws from landlords seeking 12-month or longer leases. Still, the supply and demand dynamics of short-term housing or even Airbnb offerings must have some causal impact on the long term rental market. 

I love to do rentals, call me next time you are looking to rent at  305-785-1688

Gustavo Blachman Headshot
Phone: 786-229-8009
Dated: June 10th 2016
Views: 424
About Gustavo: PROFESSIONAL QUALIFICATIONS • Florida Licensed Real Estate Broker – Owner of Terrabella Realt...

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