Miami Beach, Florida Short-Term Rental Market
Miami Beach, FL STRs averaged $282/night at 60.8% occupancy in April 2026 across 31,131 active listings.
Quick Answer: Miami Beach, Florida is an active short-term rental market. average occupancy is 59%. average monthly revenue is $4,239. average daily rate is $275. the top operator is Wehost with 505 listings. market score is 55/100 (grade C).
Market data reflects the Miami regional market, which includes Miami Beach. Regulations, taxes, and permit details below are specific to Miami Beach.
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Miami Beach is one of the most-visited destinations in the United States, anchoring the Greater Miami and Miami Beach tourism market that recorded 28.2 million visitors in 2024 (20.1 million overnight, 8.1 million day-trippers) and approximately $22 billion in regional visitor spending. The city has a resident population of 83,264. The STR market for this area covers the broader Miami Beach and South Beach market and shows 31,131 active listings. The market recorded an average daily rate of $282 and occupancy of 60.8% in April 2026, a post-peak shoulder month, producing a RevPAR of $172. Entire-place listings account for 27,301 units (87.7%), private rooms for 3,434 (11.0%), and shared rooms for 396 (1.3%). By bedroom count among the 30,986 categorized listings, one-bedroom leads at 18,152 (58.6%), followed by two-bedroom at 6,913 (22.3%), three-bedroom at 3,058 (9.9%), four-bedroom at 1,635 (5.3%), and five-bedroom at 1,228 (4.0%). Channel distribution shows 18,560 Airbnb-only listings, 1,877 VRBO-only, and 10,694 on both platforms. Year-over-year as of April 2026, revenue rose 4.2%, ADR gained 1.6%, and occupancy edged up 0.8 percentage points. The market total score is 55.1 out of 100, with rental demand at 76.0 and seasonality at 71.5.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 62% | $223 | $3,756 |
| Feb | 71% | $236 | $4,183 |
| Mar | 71% | $254 | $4,930 |
| Apr | 58% | $227 | $3,835 |
| May | 59% | $219 | $3,553 |
| Jun | 58% | $205 | $3,218 |
| Jul | 62% | $197 | $3,254 |
| Aug | 56% | $176 | $2,840 |
| Sep | 53% | $170 | $2,496 |
| Oct | 57% | $177 | $2,761 |
| Nov | 58% | $181 | $2,783 |
| Dec | 64% | $241 | $3,904 |
Top Short-Term Rental Operators in Miami Beach
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Wehost | 505 | 6,443 | ★ 4.30 |
| 2 | Nomada Residences | 363 | 9,346 | ★ 4.75 |
| 3 | Miami Vacation Rentals | 353 | 19,593 | ★ 4.75 |
| 4 | Roami | 345 | 9,005 | ★ 4.59 |
| 5 | Stay Sol | 224 | 1,837 | ★ 4.19 |
What Kind of STR Should I Buy in Miami Beach?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 18,152 |
| 2 bed | 6,913 |
| 3 bed | 3,058 |
| 4 bed | 1,635 |
| 5 bed | 1,228 |
ADR by Property Tier
| Entire Home | $295 |
| Luxury | $558 |
| Professionally Managed | $328 |
Revenue by Dwelling Type
| Apartment | $3,975 |
| Entire Place | $4,559 |
| House | $4,993 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 59.6% |
| vrbo | 6% |
| both | 34.4% |
Investment Analysis
At the current typical home value of $521,664 (April 2026 Zillow snapshot), average monthly STR revenue of $4,881 projects to approximately $58,576 annualized, implying a gross revenue yield of approximately 11.2% before operating expenses and management fees. Median sale price is $525,333, with a median list price of $555,000 and 2,298 active for-sale listings. A sale-to-list ratio of 0.947 and a median 118 days to pending indicate a slower buyer’s market with negotiating room, notable for a premium coastal destination. By property type, house listings averaged $5,401 per month, entire-place listings averaged $5,242, and apartments averaged $4,705. The professionally managed tier averaged $356 per night, a 26.2% premium above the market-wide $282. Luxury-tier properties averaged $599 per night, 112.1% above the market-wide rate. No owner-occupancy or primary-residence requirement exists, making Miami Beach accessible to non-resident investors. However, the city’s strict zoning restrictions mean only properties in designated zones may legally operate as STRs, so zone eligibility verification is essential before acquisition. Revenue has tracked between $3,823 and $4,222 annually from 2023 through 2025, reflecting a stable if plateauing market.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Miami Beach guests book an average of 36 days in advance and stay approximately 4.1 nights per visit. The 36-day booking window reflects a mix of planners who secure peak-season dates (December through March) well ahead and opportunistic travelers who book within a few weeks. Average stays of 4.1 nights are typical for beach and leisure markets. Operators should hold pricing for at least 4 to 5 weeks out during the winter and early spring peak, and allow more dynamic short-notice pricing in summer months when last-minute demand from regional and Latin American travelers may materialize. Given the strict zoning environment, operators should also ensure BTR and Resort Tax numbers appear in all listings to avoid platform-driven takedowns.
Short-Term Rental Regulations
Miami Beach tightly restricts short-term rentals, defined as stays under 6 months and 1 day. STRs are prohibited in most single-family and many multifamily residential zones and are permitted only in specific designated zoning districts shown on the city’s STR zoning map. Operators must verify a property’s zone eligibility before listing. To operate legally, owners must obtain a city Business Tax Receipt (BTR) and Certificate of Use, register a Resort Tax account with the city, and hold a Florida Department of Business and Professional Regulation (DBPR) public lodging license. The BTR number and Resort Tax certificate number must be prominently displayed in every online listing and advertisement. Properties in condo or HOA buildings must confirm the building itself holds an approved BTR permitting STR use; owners must provide a letter from the HOA (dated within 60 days) confirming unit eligibility. The specific BTR application fee was not captured in available data and should be confirmed directly with the City of Miami Beach. No owner-occupancy or primary-residence requirement applies. The combined guest tax burden is approximately 14%: a 4% city Resort Tax plus a 3% county Convention Development Tax (7% local combined), added to Florida’s 6% transient rental tax and approximately 1% discretionary surtax. Enforcement is aggressive: current fines are $1,000 per day for a first offense and $5,000 per day for repeat offenses, following court rulings in 2019 and 2020 that struck down the prior higher fines. Florida’s proposed 2024 statewide preemption law (SB 280) was vetoed, preserving Miami Beach’s local authority to restrict STRs.
Market Comparison
Miami Beach’s 60.8% occupancy in April 2026 is above the U.S. national STR median of approximately 55%, and its $282 ADR is above the national median of approximately $220. Revenue growth of 4.2% year-over-year is a positive indicator in a mature high-cost market. Among professional operators, Wehost leads with 505 listings (6,443 reviews, 4.30 avg rating), followed by Nomada Residences with 363 listings (9,346 reviews, 4.75 rating) and Miami Vacation Rentals with 353 listings (19,593 reviews, 4.75 rating). Roami holds 345 listings (9,005 reviews, 4.59 rating) and Stay Sol holds 224 listings (1,837 reviews, 4.19 rating). The top five operators collectively manage 1,790 listings, approximately 5.7% of the 31,131 total, a low concentration reflecting the fragmented condo-based ownership structure typical of Miami Beach. The 118-day median to pending and a sale-to-list ratio of 0.947 indicate buyers face less urgency than in many comparable coastal markets.
Frequently Asked Questions About Miami Beach, Florida
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