Median rent for residential apartments in as of Aug, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
No Miami Design District, Miami, FL, USA apartments for rent
Miami Design District
A bit classier than Edgewater, the Design District is still all about ethnic diversity, arts, and apartments in high-rises. This northeastern neighborhood of Miami offers single-family houses for rent from the era of roaring twenties, renovations in process. The district today offers multiple boutiques, restaurants, and shops that any residential area longs for.
Ovewrview
The Design District, Florida started as a pineapple grove turned Decorators’ Row turned the artistic and shopping hub of Magic City. Warehouse spaces that used to showroom furniture and home-design wares now converted into art galleries (lots of them still free, embracing the true laid-back spirit of the now-upscale Miami Design District). Even today, the historic value of the Design District is a big deal. Moore Building, historical center of the Design District, is a space for of parties and events. Palm Court features one of the most amazing entrances to its parking space, the prototype of R. Buckminster Fuller’s Fly’s Eye Dome, concurrently the icon of the Design District. But you can still just roam the streets: they’re few but art-packed, with some of the best Miamian public art created by the locals, the waft of the famous Wynwood Walls several blocks away.
Business & Economy
One of the major attractions of Miami, the Design District experience influx of high-end retailers during the last couple of decades. The flagship design stores like Hermes, Dior, Cartier, and Louis Vuitton concentrated in Palm Court, Jungle Plaza, and Miami Design District emporium. Aside from fashion, the numerous art galleries and restaurants keep people occupied and happy. Besides, there are still multiple deluxe furniture stores that celebrate the historic beginnings of the Design District, Miami.
Demographics
Half of the population African Americans, over third Hispanics, the Design District is obviously one of the most diverse neighborhoods in Miami. Besides, around fifth of the residents don’t speak English all too well – you really need to remember your Spanish lessons. The area’s always full with young energized residents drawn by astral scale of art and fashion; but it’s also a laid-back place that doesn’t squeeze you into the suit of the snobbishly affluent neighborhoods of Brickell and Coral Gables.
Entertainment
Hit the Institute of Contemporary Art for some modern cutting edge art and the de la Cruz Collection for upbeat lectures and workshops. Shop at the Farmers’ Market #atMDD functioning on Wednesdays at Jungle Plaza, and surely don’t forget about high-end boutiques of Palm Court. Got hungry after the shopping frenzy? The Design District, Miami is the happening spot for foodies: stellar menu from fresh seafood to wood-fired pizzas at Michael’s Genuine Food & Drink, maniacally perfect Cuban traditional of Estefan Kitchen, or slow coffee and quick lunch at OTL will satisfy the quirkiest of tastes.
Housing Trends
Miami Design District, Miami, FL, USA Housing Trends
Average rent in Miami Design District: $3,631 (-4.8%)
| Rent Price | Aug | vs Last Month |
|---|---|---|
| 1 bed apartments | $2,125 | -1.6% |
| 2 bed apartments | $3,236 | +5.3% |
| 3 bed apartments | $4,977 | +18.1% |
| 4+ bed apartments | $6,699 | -26.6% |
Over the Aug 2020, the average rent for an apartment in/near Miami Design District, Miami, FL decreased by 4.8% to $3,631.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 1.6% to $2,125. Pricing for 2-bed apartment also increased by 5.3% and a place of this size will now cost you $3,236. 3-bed apartment rent pricing starts at $4,977, it increased by 18.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 26.6% and made it down to $6,699.
| Rent Type Price | Aug | vs Last Month |
|---|---|---|
| Condo rentals | $3,949 | +3.5% |
| Apartment rentals | $2,653 | +23.1% |
| House rentals | $4,086 | -40.5% |
| Duplex rentals | $1,655 | -9.3% |
| Loft rentals | $2,317 | -8.5% |
| Room rentals | $950 | +0% |
The median rent for an apartment in Miami Design District, Miami, FL increased by 23.1% to $2,653. Statistics show that house rent price decreased by 40.5% this month making it up to $4,086. Condos faced an upward trend these days. The median rent for a condo increased by 3.5%, it’s now available for $3,949. You can now rent a duplex for $1,655, duplex rent price decreased by 9.3% this month. The median rent for a loft faced changes as well, it decreased by 8.5%, the price tag now starts at$2,317. If you’re looking for a room, the price tag still starts at $950. The median price did not change this time.
Finding Apartments in Design District for Rent
Houses for rent in the Design District, Miami are surprisingly affordable – you can easily find a place closest to the major attractions of the area, and still have some pocket money to spend. A great thing about the neighborhood is its proximity to the other sites. Look for apartments for rent in the Design District close to Wynwood to have your days chock full with innovative art and creative design. Or opt for the northern end of the neighborhood: Little Haiti is just a walk away, so you can pick up some exemplary diverse experiences living in the Design District. Whatever rooms for rent you choose, the Design District, Miami is one of the most diverse and exciting choices within the city limit you can make.
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