Hello Steve: Great time to rent, their is a lot of activity in downtown miami. Find yourself a good agent in the area, price it rigth and you will have a tenent in no time. Get in touch if you need any help
Ian A. North
Realtor, CDPE
305 467 1881
iannorth@kw.com

Hello Steve,

I will say that the average price for a 1 bedroom rental is $1350, Two bed is $1850 and Three bed $2,200. If you can buy a property and set your rent price under these numbers you will find a quick tenant.

Don't hesitate to conatact me if you have further questions

Regards,

Arlyz Morales

Steve,

As everyone has illustrated, renting will not be difficult provided you price is in-line with the market. More importantly, I would like to point out that if you are financing the majority of this purchase, the rental income is not likely to cover your mortgage, maintenance, and taxes.

Best of luck!

Hi Steve,

Are you talking about the "old" sections of downtown Miami? IE: Near Bayside? Or are you talking about Brickell. I would say that Brickell is a lot more stable in terms of finding good opportunities and being able to command higher rental rates. There are some AMAZING deals right now on Brickell. It's all about location, location, location and the amenities the community has to offer. Stick with Brickell.

Best of luck to you!
Laura Graves
Real Estate Pro
Miami, FL

Steve,

You may want to consider setting it up as a short term rental. Miami is a hot location for that. It's a great way to offset your expense however you will not ash flow unless you pay all cash for the property. Best of luck!

Erica Muller

The rental market is very brisk, still. You should have no problem renting a nice apartment anywhere in Greater Miami. People are moving to Miami everyday and apartments are in demand.

The major criteria is PRICE, LOCATION & QUALITY.

At the right price we can have it rented within a week or so.

There is a demand, BUT supply is very high too.

The link below, will take you to the Search page for rentals. I can provide a specific pinpoint search to better determine the price and availibility for you.

Best of Luck!

Hi Steve,
Thank you for your question. I will try to answer it.
There is a lot of rental activity going on right now, however, since there is so much on the market, prices have come down as well. Think about it, many investors that cannot sell without a loss, as well as "normal people" are putting their units up for rent.
Regarding price, there is not set dollar amount per square foot. If you tell me the number of bedrooms, square footage, name of builidng, view (ocean vs city), size of balcony , number of parking space..... I can give you a pretty good idea of the monthly rent.
My name is Manon and I am a Broker Associate with Coldwell Banker in Coral Gables. Please do not hestitate to contact me if I can be of assistance.
Have a great Tuesday,
Manon

Steve,

Good morning!

Please contact me directly to discuss this further: jolie@redreefrealty.com.

The rental market is very hot right now as people are opting for a lease rather than a purchase in the current economy. We are a family business and are very familiar with Downtown Miami: http://www.redreefrealty.com.

I look forward to helping you!

Thanks,

Jolie Lindholm
Red Reef Realty Inc. http://www.redreefrealty.com
http://jolielindholm1.point2agent.com
AIM: Redipad2
SKYPE: Jolie.Lindholm