Miami Rental Property Search

How to Rent a Miami Rental Property

To rent a property in Miami

1. 1. Find a rental real estate realtor or company with credibility and experience in finding rental properties for their clients.
2. 2. Search through the MLS rental properties and forward your favorite rentals to your real estate agent.
3. 3. Schedule in-person or remote showings with your agent.
4. 4. Submit your rental application to the homeowner and wait for denial or acceptance.
5. 5. Wait for the move-in date and prepare the move-in costs.
6. 6. Enjoy your rental property.

How to Search Properties for Rent in Miami

The easiest way to find properties for rent in Miami is to use real estate listing websites that update their listings every few minutes providing you with the newest rental properties available. Start by entering the building, city, or zip code you’re interested in and use filters like availability date, price range, and bedrooms. After collecting multiple addresses you’re interested in, contact a rental realtor to help you tour these properties and submit your rental application.

Miami Common Lease Terms

A lease term refers to a lease that includes a start and end date. In Miami, the most common lease term is 12 months. Other lease term options are 24 months, 6 months, and 3 months. At least 95% of available rental properties require tenants to sign for a 12-month lease. Before the lease period is over, tenants can request a lease renewal.

Types of Properties for Rent in Miami

The most common types of rental properties you can find in Miami are condos, apartments, houses, and townhouses. 60% of rental opportunities in Miami are condos and apartments, 22% are townhouses, and 18% are houses.

What Are the Move-In Costs?

The standard move-in costs for renters in Miami, FL, are the first and last month of tenancy and a security deposit. The amount of the security deposit equals one month of rent. For example: if the rental property is $3,000 per month, the move-in costs would be $9,000, including the first month, last month, and a security deposit that will be refunded at the end of the tenancy.

Who Pays the Rental Realtor Fees?

Homeowners pay for the service of all real estate agents involved in a rental transaction. Typically, two real estate agents are involved in a rental transaction: the homeowner’s realtor and the renter’s realtor. The commission received by rental real estate agents equals the same amount of one month of rent and is equally divided by the number of real estate agents involved.

What Is the MLS for Rent?

MLS stands for Multiple Listing Service. It’s a database of properties listed by realtors and only visible to realtors. On Miami’s MLS for rent, realtors find rental opportunities for their clients. Multiple third-party websites such as Propertiesmiami, Zillow, and Trulia retrieve real-time data from the MLS to show to visitors.