$3,000 Per Month
- 3 Beds
- 2.5 Baths
- Townhouse for Rent
12223 NW 23rd Place, Miami Shores, FL 33167
12223 NW 23rd Place, Miami Shores, FL 33167
Frequently Asked Questions
How much does it cost to rent a home in Miami Shores, FL?
The median rent for a home in Miami Shores, FL is $4,900 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Miami Shores, FL?
To comfortably afford the median rent in Miami Shores, FL, a household needs to earn roughly $196,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,900 per month in Miami Shores, FL, renters typically need to show $14,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Miami Shores, FL?
In Miami Shores, FL, the price-to-rent ratio is 18.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Miami Shores, FL are best for renting a home?
The best neighborhood for renting in Miami Shores, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Upper East Side North, Little River, Breezeswept Estates, Alhambra Heights and Pinewood Park, each with its own character and price range.
