Miami, Florida Short-Term Rental Market
Miami's 8,743-listing STR market delivers $3,148/month at median with ADR rising to $329 in 2026.
Quick Answer: Miami, Florida is an active short-term rental market. average occupancy in the Miami market area is 59%. average monthly revenue in the Miami market area is $4,239. average daily rate in the Miami market area is $275. the top operator in the Miami market area is Wehost with 516 listings. market score is 55/100 (grade C).
Market data reflects the wider Miami market, which covers 7 areas. Regulations, taxes, and permit details below are specific to Miami.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Miami is one of the largest short-term rental markets in the United States, with 8,743 active listings as of February 2026. The market has undergone a significant structural shift since 2021: supply expanded sharply from 6,718 listings in 2021 to a peak of 9,453 in 2023, and that supply growth has compressed average occupancy from 70.6% in 2021 to 50% in early 2026. At the same time, average daily rates have moved in the opposite direction, rising from $243 in 2021 to $329 in 2026, a 35% increase over five years.
The net effect on revenue has been a compression cycle. Average annual revenue per listing peaked in 2021 at roughly $73,600 (annualized from the $6,133 monthly average) and has settled closer to the $4,300-$4,800 monthly range in 2025-2026. This reflects a market that rewards well-positioned, well-priced properties while leaving lower-quartile operators with meaningful vacancy.
March remains the single strongest month, with average occupancy reaching 69.8% and average revenue of $6,293. December is the second-highest revenue month at $5,573, driven by a $301 average daily rate. September is the softest month, with 53.2% average occupancy and $3,870 average revenue. The 37-point occupancy swing between peak March and trough September defines the investment risk and opportunity in this market.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 62% |
| Feb | 71% |
| Mar | 71% |
| Apr | 58% |
| May | 59% |
| Jun | 58% |
| Jul | 62% |
| Aug | 56% |
| Sep | 53% |
| Oct | 57% |
| Nov | 58% |
| Dec | 64% |
Month-by-month nightly rates and revenue figures for Miami are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Miami market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Miami market as a whole, which includes Miami, so these counts are not Miami-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Wehost | 516 | 6,847 | ★ 4.30 |
| 2 | Nomada Residences | 369 | 9,400 | ★ 4.75 |
| 3 | Miami Vacation Rentals | 358 | 19,829 | ★ 4.75 |
| 4 | Roami | 345 | 9,028 | ★ 4.59 |
| 5 | Stay Sol | 223 | 1,862 | ★ 4.19 |
What Kind of STR Should I Buy in Miami?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Miami are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 59.5% |
| vrbo | 6.2% |
| both | 34.4% |
Home Value Trends (Miami)
Typical home values, median sale prices, and the 10-year price trend for Miami are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Miami — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Note: The area_profiles database record for Miami (area_id 60222) contains incorrect data at time of generation. The regulatory information below is based on general knowledge of Miami STR regulations as of early 2026 and should be independently verified before any investment decision.
Miami-Dade County and the City of Miami operate separate STR licensing frameworks, and the regulatory environment has tightened considerably over the past several years.
Within the City of Miami, short-term rentals in most residential zoning districts are prohibited or heavily restricted. The city has historically treated STRs as commercial activity incompatible with residential neighborhoods, and enforcement has increased. Condominiums and mixed-use districts have different treatment depending on their specific zoning designation and condo association rules.
Miami Beach, which is a separate municipality within Miami-Dade County, has some of the most restrictive STR regulations in Florida. STRs are banned in most residential areas of Miami Beach. Only properties in specific commercially-zoned districts are permitted, and those must obtain a city Business Tax Receipt, a Certificate of Use, and comply with noise, parking, and occupancy regulations. Violations carry significant fines.
Florida state law (F.S. 509.032) limits municipalities from banning STRs entirely if the property was operating legally before certain local ordinances passed, creating a complex patchwork of grandfathered operations and new restrictions.
Investors should consult a local real estate attorney and confirm the specific zoning designation and any condo association rules before purchasing a property with STR intent in any Miami-area jurisdiction. Operating without proper licensure carries fines and potential forced shutdown.
Market Comparison
Miami sits in the upper tier of US short-term rental markets by market size and rate, but its occupancy trajectory places it in a different risk category than smaller, supply-constrained markets.
With 8,743 active listings, Miami is one of the ten largest STR markets in the country by listing count. The average daily rate of $329 (February 2026) is well above the US STR market average, which generally tracks in the $150-$200 range for most mid-size markets. Miami’s p90 ADR of $613/night places its top properties in the luxury segment nationally.
However, Miami’s average occupancy of 50% in February 2026 is below the national average of approximately 55-60% for comparable coastal markets. The decline from 70.6% in 2021 to 50% in early 2026 mirrors supply-driven compression seen in other high-demand markets like Nashville, Austin, and Scottsdale, where post-pandemic supply growth outpaced demand.
Compared to other Florida markets, Miami commands higher ADRs than Tampa or Jacksonville but faces more regulatory headwinds than short-term-rental-friendly markets like Kissimmee or Panama City Beach. The combination of high home prices ($574K median), compressed occupancy, and strict urban STR regulations makes Miami a higher-risk, higher-potential-reward market than typical Florida vacation destinations.
Investors comparing Miami to comparable high-cost coastal metros like San Diego or Miami Beach should note that Miami’s longer shoulder season (due to winter demand) provides more revenue stability than markets dependent on a single summer peak.
Frequently Asked Questions About Miami, Florida
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