Rental arbitrage in Miami means leasing an apartment or house on a standard 12-month agreement, furnishing it to a boutique-hotel standard, and listing it on Airbnb, VRBO, or Booking.com — pocketing the spread between nightly revenue and monthly rent as pure profit. Miami isn’t just another STR market. It’s a global destination with year-round international tourism, a cruise port processing over 7 million passengers annually, and a cultural calendar packed with Art Basel, Ultra Music Festival, Miami Swim Week, and Formula 1. Average daily rates for furnished 2-bedrooms range from $180 to $350 depending on neighborhood and season, and even though Miami rents run higher than most U.S. metros, the revenue ceiling is high enough to make the math work — if you pick the right neighborhoods and understand the regulatory landscape.
This guide covers everything you need to launch rental arbitrage in Miami: real revenue numbers from the metro, the five neighborhoods with the strongest rent-to-revenue ratios, Miami-Dade County’s STR regulations versus the City of Miami Beach’s much stricter rules, condo association hurdles that kill more deals than landlords ever do, itemized startup costs, seasonal demand patterns, and the operational playbook that separates profitable operators from people who bleed cash in a high-rent market.
What Is Rental Arbitrage in Miami?
Rental arbitrage is a business model where you lease a property from a landlord — typically on a 12-month agreement — furnish it professionally, and operate it as a short-term rental on platforms like Airbnb and VRBO. No mortgage. No six-figure down payment. No property ownership required. You’re renting and subletting legally, with the landlord’s written permission and the appropriate county and local tax registrations in place.
Why Miami? Because this city stacks demand drivers deeper than almost any market in the United States — and I’m not exaggerating when I say that.
Start with the international tourism engine. Miami International Airport handled 52.3 million passengers in 2023, making it the busiest airport in Florida and the top U.S. gateway for Latin American and Caribbean travel. That international pipeline means your guest pool isn’t limited to domestic travelers doing a weekend trip — you’re pulling from Brazil, Colombia, Argentina, Mexico, and Europe year-round. These guests tend to book longer stays, spend more per night, and care less about penny-pinching than a family driving down from Georgia.
Then stack the cruise traffic. PortMiami is the cruise capital of the world, processing over 7.5 million passengers in 2024 across Royal Caribbean, Carnival, Norwegian, MSC, and Virgin Voyages. Pre-cruise and post-cruise stays are a massive demand driver that most new operators underestimate. A family flying into Miami two days before their cruise needs a place to stay. A couple extending their vacation by three nights after disembarking needs a place to stay. That’s guaranteed, recurring demand that doesn’t depend on weather or events.
Add the cultural calendar: Art Basel Miami Beach in December draws 83,000+ attendees and sends ADRs through the roof. Ultra Music Festival in March packs 170,000 electronic music fans into Bayfront Park. Miami Swim Week in July brings the fashion industry. Formula 1 Miami Grand Prix in May is the newest addition, filling every hotel and STR within a 20-mile radius. And between those headliners? South Beach nightlife, Wynwood’s art scene, and Brickell’s financial district keep the city humming 52 weeks a year.
Finally, Miami serves as the financial and cultural gateway to Latin America. Multinational corporations with Latin American headquarters — from Visa to Microsoft to SAP — station executives in Brickell and Coral Gables. That corporate travel layer adds midweek demand that most beach markets completely lack. The result is a city where you can fill a well-positioned STR on Tuesday nights in October, not just Saturday nights in March.
Miami STR Market Overview (2026)
The numbers in Miami look different from most top Airbnb markets in 2026 because both the revenue ceiling and the cost floor are elevated. You’re not going to find $1,200/month leases here. But you’re also not capping out at $150/night ADR. The spread is what matters, and Miami’s spread rewards operators who execute well.
Here’s what the market looks like right now:
- Average Daily Rate (ADR): $180 to $350 for a furnished 2-bedroom, depending on neighborhood. South Beach and Brickell push the upper range. Little Havana and parts of Wynwood sit closer to the lower range. During Art Basel week, ADRs spike 40-60% across the entire metro
- Occupancy Rate: 68-78% annual average for well-optimized listings. Miami’s year-round warm weather and constant event calendar keep occupancy more stable than seasonal markets like the Poconos or Big Bear. January through April is peak season. August and September dip slightly but rarely crash below 55%
- Monthly Gross Revenue: $4,800 to $9,500 for a 2-bedroom unit, with top performers in Brickell and South Beach clearing $10,000+ during peak months
- Average Monthly Rent (2-bedroom): $2,200 to $3,800 depending on neighborhood. Brickell high-rises run $2,800 to $3,500. Wynwood corridors range $2,200 to $2,800. South Beach varies wildly — $2,400 for an older walk-up to $4,500+ for an ocean-view condo
- Supply Growth: Miami-Dade County has approximately 28,000 active STR listings as of early 2026. Supply has grown 12% year-over-year, but demand growth has kept pace due to international tourism recovery and new event additions like F1
The critical insight for Miami: this is a market where dynamic pricing strategy separates winners from losers more than almost anywhere else. A flat nightly rate will leave thousands on the table during Art Basel and Ultra while pricing you out of slower summer weeks. If you’re not using PriceLabs or Wheelhouse and adjusting for every major event, you’re operating blind in a market that punishes lazy pricing.
Arbitrage Viability Score: Can You Actually Profit in Miami?
Miami’s rent is high. Everyone knows that. The question isn’t whether rent is expensive — it’s whether the revenue-to-rent ratio supports profitable arbitrage. Here’s the math on a real scenario:
Example: 2-Bedroom in Wynwood
- Monthly rent: $2,400
- Average ADR: $195
- Occupancy: 72%
- Monthly gross revenue: $195 × 30 × 0.72 = $4,212
- Revenue-to-rent ratio: 4,212 / 2,400 = 1.76x
A 1.76x ratio is solid. Anything above 1.5x is viable for arbitrage; anything above 2.0x is excellent. Now compare a Brickell scenario:
Example: 2-Bedroom in Brickell
- Monthly rent: $3,100
- Average ADR: $265
- Occupancy: 74%
- Monthly gross revenue: $265 × 30 × 0.74 = $5,883
- Revenue-to-rent ratio: 5,883 / 3,100 = 1.90x
Brickell’s higher rent is offset by substantially higher ADRs driven by corporate travelers and the neighborhood’s luxury positioning. After expenses (cleaning, supplies, platform fees, insurance), you’re looking at $1,500 to $2,800/month net profit per unit in most Miami neighborhoods — assuming you’re executing on pricing, guest experience, and occupancy optimization.
Compare that to a market like Nashville where rents are $1,600 and ADRs are $140 — the ratio comes out similar, but Miami’s absolute dollar profit per unit is higher. You’re working with bigger numbers on both sides of the equation. That means more cash in your pocket per unit but also more capital at risk if you mismanage a property. Miami rewards competence and punishes sloppy operators harder than mid-tier markets.
Top 5 Miami Neighborhoods for Rental Arbitrage
Not every Miami neighborhood works for arbitrage. Some have HOA restrictions that make STRs impossible. Others have rents so high that even strong ADRs can’t produce a viable ratio. These five neighborhoods consistently produce the best rent-to-revenue spreads for arbitrage operators in 2026.
1. Wynwood
Wynwood is Miami’s art district and one of the most Instagram-famous neighborhoods in the country. The Wynwood Walls, galleries, breweries, and rooftop bars make it a magnet for younger travelers — couples, friend groups, bachelorette parties, and Art Basel crowds.
- Average 2BR rent: $2,200 – $2,800/month
- Average ADR: $185 – $240
- Guest profile: Millennials, Gen Z travelers, art tourists, event attendees
- Why it works: Lower rents than Brickell or South Beach with strong STR demand. Newer apartment builds often have investor-friendly landlords. The neighborhood’s walkability and nightlife scene drive excellent reviews
- Watch out for: Some newer developments have HOA rules prohibiting stays under 30 days. Verify before signing any lease
2. Brickell
Brickell is Miami’s financial district — a canyon of glass towers filled with banks, hedge funds, and Latin American corporate offices. Think Manhattan energy with palm trees and a waterfront. The guest profile here skews heavily toward business travelers, digital nomads, and affluent international visitors.
- Average 2BR rent: $2,800 – $3,500/month
- Average ADR: $240 – $350
- Guest profile: Business travelers, corporate relocations, international executives, long-stay digital nomads
- Why it works: Highest ADRs in the metro outside of oceanfront South Beach. Strong midweek occupancy from corporate demand. Brickell City Centre and the restaurant scene provide walkable amenities that guests love
- Watch out for: Condo associations in Brickell towers are the single biggest obstacle. Many buildings — including Icon Brickell, SLS Brickell, and Reach/Rise at Brickell City Centre — either ban short-term rentals entirely or require minimum 30-day stays. You must verify building-level rules before pursuing any unit
3. Miami Beach / South Beach
South Beach is the global brand. Ocean Drive, Collins Avenue, the Art Deco Historic District — this is what most international visitors picture when they think “Miami.” ADRs here can be extraordinary during peak season, but the regulatory environment is the most restrictive in the metro.
- Average 2BR rent: $2,600 – $4,200/month
- Average ADR: $220 – $380
- Guest profile: International tourists, beach vacationers, nightlife seekers, event attendees
- Why it works: Unmatched ADR potential. During Art Basel, Ultra weekend, or F1 weekend, nightly rates can exceed $500 for a well-positioned 2-bedroom. The beach itself is the amenity — you don’t need to invest as heavily in furnishing “experiences”
- Watch out for: The City of Miami Beach has significantly stricter STR regulations than unincorporated Miami-Dade County or the City of Miami proper. More on this in the regulations section below — but the short version is that many residential zones in Miami Beach prohibit rentals under 6 months. You need to target the correct zoning districts
4. Little Havana
Little Havana is Miami’s cultural heart — Calle Ocho, Domino Park, the cigar shops, and some of the best Cuban food outside of Havana itself. It’s also one of the most affordable neighborhoods in the Miami core for arbitrage operators.
- Average 2BR rent: $1,800 – $2,400/month
- Average ADR: $145 – $200
- Guest profile: Cultural tourists, budget-conscious travelers, Latin American visitors, Calle Ocho festival attendees
- Why it works: Lowest entry point in the Miami core. The neighborhood’s cultural authenticity drives strong reviews and repeat bookings from guests who want “real Miami” over the South Beach party scene. Proximity to downtown and Brickell (10-minute drive) keeps it accessible
- Watch out for: ADRs are lower, so your margin for error is thinner. You need to maintain 70%+ occupancy to hit viable profit numbers. Also, some older buildings have deferred maintenance that can create guest experience issues
5. Coconut Grove
Coconut Grove is Miami’s oldest continuously inhabited neighborhood — a leafy, walkable village with a waterfront park, boutique shopping along CocoWalk, and a distinctly more relaxed vibe than Brickell or South Beach. It attracts a different guest: families, couples seeking quiet luxury, and professionals attending events at the nearby University of Miami.
- Average 2BR rent: $2,400 – $3,200/month
- Average ADR: $190 – $275
- Guest profile: Families, couples, UM visitors, yacht show attendees, professionals seeking a quieter base
- Why it works: Less competition than Brickell or South Beach. The family-friendly positioning means longer average stays (3-5 nights vs. 2-3 in South Beach). Coconut Grove Sailing Club and Vizcaya Museum drive niche tourism. The Miami International Boat Show brings massive demand every February
- Watch out for: Fewer apartment buildings mean fewer lease opportunities. Many properties are single-family homes or townhouses, which can mean higher rents and landlords who are more protective of their property
Miami STR Regulations: What You Need to Know
This is where Miami gets complicated — and where most new operators get blindsided. The regulatory landscape in South Florida isn’t uniform. It varies dramatically depending on whether your property sits in unincorporated Miami-Dade County, the City of Miami, or the City of Miami Beach. Understanding these distinctions before you sign a lease isn’t optional. It’s the difference between a legal business and a citation that shuts you down.
If you’re evaluating Airbnb regulations by state, Florida is generally considered STR-friendly at the state level. The state preemption law prevents local governments from outright banning vacation rentals that were operating before June 2011. But municipalities can — and do — regulate registration, taxation, zoning, and minimum stay requirements. Miami-Dade is a textbook example of how granular that regulation gets.
City of Miami (Including Brickell, Wynwood, Little Havana, Coconut Grove)
The City of Miami requires all STR operators to obtain a Certificate of Use and a local business tax receipt. You’ll also need to register with the Florida Department of Business and Professional Regulation (DBPR) for a state vacation rental license. The process is straightforward:
- Apply for a City of Miami Certificate of Use (~$100-200)
- Obtain a Miami-Dade County local business tax receipt
- Register with Florida DBPR (state license)
- Collect and remit: 7% Florida sales tax, 2% Miami-Dade tourist development tax, and 1% City of Miami resort tax
- Fire and safety inspection may be required depending on property type
The City of Miami does not impose minimum stay requirements in most zoning districts, making it significantly more flexible than Miami Beach. However — and this is critical — individual condo associations absolutely can and do restrict short-term rentals. The city might allow it; your building might not. Always verify HOA/condo docs before signing.
City of Miami Beach (Including South Beach, Mid-Beach, North Beach)
Miami Beach operates under entirely different rules. The city has strict short-term rental regulations that vary by zoning district:
- Resort/Commercial Zones (RM-3, CD-3, etc.): Short-term rentals under 30 days are generally permitted with proper licensing
- Residential Zones (RS, RD, RM-1): Rentals under 6 months are prohibited in most single-family and low-density residential zones. This is heavily enforced with fines starting at $20,000 for first offense and escalating to $100,000 for repeat violations
- Some Multi-Family Zones (RM-2): Regulations vary. Some allow 30-day minimums; others mirror the residential prohibition
Those fine amounts aren’t typos. Miami Beach has been aggressive about enforcement since 2018, using a combination of code enforcement officers, online monitoring tools, and neighbor complaints to identify illegal STRs. If you’re going to operate in Miami Beach, you absolutely must confirm your specific zoning district allows short-term rentals and obtain the proper Resort Tax Registration Certificate.
My honest take? Unless you’ve found a unit in a resort-zoned building that explicitly allows sub-30-day stays, the City of Miami proper is a safer bet for arbitrage operators. Wynwood, Brickell, Little Havana, and Coconut Grove all sit within the City of Miami — not Miami Beach — and offer a dramatically more flexible regulatory environment.
Landlord Culture and Negotiation Tips
Here’s the uncomfortable truth about rental arbitrage in Miami: landlords aren’t your biggest problem. Condo associations are.
Miami’s rental market is dominated by condos. Unlike cities such as other Florida markets where you might find standalone houses or duplexes, the majority of available inventory in Brickell, Wynwood, and South Beach consists of condo units owned by individual investors and managed by associations with detailed CC&R documents. Those CC&Rs often contain language restricting or outright prohibiting rentals shorter than 30 days, 90 days, or even 6 months.
Before you pitch a single landlord, you need to verify the building’s HOA stance on short-term rentals. Here’s how:
- Step 1: Identify target buildings. Search Zillow, Apartments.com, or Redfin for 2-bedrooms in your target neighborhood
- Step 2: Look up the building’s CC&Rs. You can often find these through the condo association’s website, request them from the leasing office, or check Miami-Dade County public records
- Step 3: Search specifically for language around “short-term rental,” “transient,” “subletting,” or “minimum lease term.” If the CC&Rs prohibit stays under 30 days, that building is a dead end regardless of what the landlord says
- Step 4: Only after confirming the building allows short-term stays should you approach the landlord with your pitch
For buildings that do allow STRs, many Miami landlords — especially individual condo investors who bought units specifically for rental income — are open to arbitrage arrangements. The investor landlord mentality is strong here. These owners want reliable rent checks and minimal hassle. Your pitch should emphasize exactly that.
Pitch framework for Miami landlords:
“I operate a professional short-term rental management business. I’ll sign a 12-month lease, pay rent on the first of every month — guaranteed regardless of my occupancy — carry $1 million in liability insurance naming you and the association as additional insured, maintain the unit to hotel standards with professional cleaning after every checkout, and handle all guest screening. I’ve already verified that [Building Name]’s HOA documents permit stays under 30 days. Here’s a copy of my business license and insurance certificate.”
That last sentence is the key. When a landlord knows you’ve already done the HOA homework, it immediately separates you from the dozens of people who ask “can I Airbnb this?” without understanding the building rules. It positions you as a professional operator, not a renter trying to make a quick buck.
One more Miami-specific tip: offer 2-3 months of rent upfront as a deposit or advance payment. Miami’s rental market is competitive, and landlords here are accustomed to receiving multiple applications for desirable units. A larger upfront payment signals financial stability and seriousness. I’ve seen operators lock down Brickell units that had 15+ applicants simply because they offered first, last, and two months’ security.
Startup Costs for Miami Rental Arbitrage
Miami is not a cheap market to launch in. If someone tells you that you can start Airbnb arbitrage in Miami for $3,000, they’re either lying or they’ve never actually done it here. The elevated rents, the quality expectations of international guests, and the competitive listing landscape all push startup costs higher than markets like San Antonio or Memphis.
Here’s a realistic itemized budget for launching a 2-bedroom unit in Miami:
| Expense Category | Estimated Cost | Notes |
|---|---|---|
| First month’s rent | $2,400 – $3,500 | Varies by neighborhood |
| Last month’s rent (if required) | $2,400 – $3,500 | Many Miami landlords require this |
| Security deposit | $2,400 – $3,500 | Typically equal to one month’s rent |
| Furnishing (complete) | $4,500 – $7,000 | Beds, linens, kitchen, decor. Miami guests expect modern, Instagram-worthy aesthetics |
| Professional photography | $200 – $400 | Non-negotiable. Miami listings without pro photos get buried |
| Smart lock + tech setup | $250 – $400 | Keyless entry, noise monitor, WiFi upgrade |
| Florida DBPR license | $50 – $100 | State vacation rental license |
| City Certificate of Use | $100 – $200 | City of Miami requirement |
| Business insurance (annual) | $800 – $1,500 | Proper STR liability coverage |
| Initial supplies (toiletries, cleaning) | $300 – $500 | Welcome kit, cleaning supplies, consumables |
| Dynamic pricing tool (annual) | $360 – $600 | PriceLabs, Wheelhouse, or Beyond Pricing |
| Total Startup Investment | $13,760 – $21,200 | Per unit |
That’s a meaningful investment. But look at the return timeline: at $2,000/month net profit (conservative for a well-run Wynwood or Brickell unit), you’re breaking even in 7-10 months and generating positive cash flow for the remaining 2-5 months of your first lease. By year two, with systems dialed in and your reviews established, that same unit should net $2,500-$3,200/month. The pros and cons of rental arbitrage are worth evaluating carefully here — Miami’s higher startup costs mean you need to be more diligent about unit selection and cash reserves than you would in a lower-cost market.
Seasonal Demand Patterns in Miami
Understanding Miami’s demand calendar is essential because this city has a unique seasonal pattern driven by weather, events, and international travel flows. If you’re coming from a market like Denver or Chicago, throw away your assumptions about “summer = peak season.” Miami plays by different rules.
Peak Season: November – April (Snowbird + Event Season)
This is when Miami prints money. Snowbirds from the Northeast, Midwest, and Canada flood South Florida starting in November. Art Basel hits in early December, creating a week where ADRs spike 40-60% across the metro. January through March brings consistent high occupancy from winter escapees, spring breakers, and international tourists. Ultra Music Festival in late March and the Miami Open tennis tournament in April keep the momentum going.
- Occupancy: 78-90%
- ADR premium: 25-50% above annual average
- Minimum stay strategy: Increase to 3-4 nights during peak events to capture higher-value bookings and reduce turnover costs
Event Spikes: December, March, May, July
Beyond peak season, specific events create demand spikes that should trigger aggressive pricing adjustments:
- Art Basel Miami Beach (early December): The single highest ADR week of the year. Price 50-80% above base rates
- Ultra Music Festival (March): Three days, 170,000 attendees. Minimum 3-night stays
- Formula 1 Miami Grand Prix (May): Newer event but already producing 30-45% ADR spikes in a traditionally slower month
- Miami Swim Week (July): Fashion industry event. Boutique demand in South Beach and Brickell
- Miami International Boat Show (February): Fills Coconut Grove and surrounding areas
Shoulder Season: May – June, October
These months are solid but not spectacular. Corporate travel keeps Brickell occupied. International visitors from Latin America — where school calendars differ from the U.S. — maintain demand in Wynwood and South Beach. Pricing should return to base rates, and you may want to reduce minimum night requirements to 1-2 nights to capture more bookings.
- Occupancy: 65-75%
- ADR: At or slightly below annual average
Soft Season: July – September (Summer Heat + Hurricane Season)
Here’s the part that scares off less-informed operators — and creates opportunity for those who understand it. Miami summers are hot, humid, and technically within hurricane season (June 1 – November 30). Domestic tourism dips as families shift to cooler destinations. But three factors keep Miami from cratering the way some seasonal markets do:
- Latin American summer travel: Brazilian, Argentine, and Colombian families vacation in Miami during their winter (June-August). This international demand floor doesn’t exist in most U.S. markets
- Cruise pre/post stays: PortMiami operates year-round. Cruise-related bookings don’t stop in summer
- Lower competition: Less-savvy operators panic and slash rates to unsustainable levels. Smart operators maintain reasonable pricing and capture the demand that’s still there
- Occupancy: 55-68%
- ADR: 10-20% below annual average
- Strategy: Reduce minimum nights, target international guests with Spanish-language listing optimization, promote “indoor” amenities (AC, Netflix, pool)
How 10XBNB Students Succeed in Miami
Miami isn’t a market you stumble into profitably. The rents are too high, the regulations too nuanced, and the competition too sharp for guesswork. Operators who succeed here have systems: they know exactly which buildings allow STRs before they waste time touring units, they negotiate lease terms that protect their margins, and they price dynamically around an event calendar that drives 30-50% of their annual revenue.
That’s exactly what the 10XBNB program teaches. The system walks you through landlord negotiations with scripts tailored for condo-heavy markets like Miami, teaches you how to identify STR-friendly buildings before you sign anything, and gives you the pricing frameworks to maximize revenue during Art Basel, Ultra, and peak snowbird season while maintaining cash flow through summer months.
Whether you’re launching your first unit in Wynwood or scaling to a portfolio across Brickell and Coconut Grove, having a proven system eliminates the expensive trial-and-error that kills most first-time operators in high-rent markets. The students who thrive in Miami aren’t winging it — they’re executing a playbook that accounts for every variable this market throws at you.
Frequently Asked Questions
Is rental arbitrage legal in Miami?
Yes — with important caveats. In the City of Miami (Brickell, Wynwood, Little Havana, Coconut Grove), short-term rentals are permitted in most zoning districts with proper licensing and tax registration. The City of Miami Beach has much stricter rules, prohibiting rentals under 6 months in many residential zones. Always verify your specific zoning district and building HOA rules before signing a lease. Read more about Airbnb regulations by state for context on Florida’s STR-friendly state framework.
How much money do I need to start rental arbitrage in Miami?
Plan for $14,000 to $21,000 per unit. That covers first month’s rent, last month’s rent, security deposit, furnishing, licensing, insurance, professional photography, and initial supplies. Miami’s higher rents mean higher upfront capital requirements than most markets. Check our detailed breakdown of Airbnb startup costs for comparison.
What’s the best neighborhood in Miami for rental arbitrage beginners?
Wynwood offers the best combination of accessible rents ($2,200-$2,800/month for a 2-bedroom), strong ADRs ($185-$240), and a regulatory environment within the City of Miami’s more flexible framework. It’s also where you’ll find more landlords open to STR arrangements compared to the heavily HOA-restricted towers in Brickell.
Can I do Airbnb arbitrage in a Miami condo building?
Only if the building’s HOA documents permit short-term rentals. Many Miami condo associations restrict stays to 30, 90, or 180-day minimums — or ban them entirely. You must review the CC&Rs (Covenants, Conditions, and Restrictions) before pursuing any condo unit. The landlord’s permission alone is not sufficient if the HOA prohibits it.
What taxes do I need to collect for Miami STRs?
You’re responsible for collecting and remitting three taxes: Florida state sales tax (6%), Miami-Dade County tourist development tax (6%), and discretionary sales surtax (1%). If you’re operating in Miami Beach, there’s an additional resort tax. Total tax burden is approximately 13% of gross booking revenue. Platforms like Airbnb collect some of these taxes automatically in Florida, but you’re still responsible for ensuring full compliance.
How do I handle hurricane season for my Miami STR?
Hurricane season runs June 1 through November 30. Practical steps: carry adequate insurance (verify your policy covers named storms and loss of income), have a guest communication plan for weather events, maintain hurricane supplies in the unit (flashlights, water, battery bank), and include a weather/cancellation policy in your listing. Actual hurricanes hitting Miami directly are rare — most seasons pass without major impact — but preparation protects your business and your guests.
What ADR can I realistically expect in Miami?
For a furnished 2-bedroom, expect $180-$350/night depending on neighborhood, season, and listing quality. Wynwood and Little Havana sit at the lower end ($180-$240). Brickell and South Beach push the upper range ($240-$350). During Art Basel, Ultra, and F1 weekends, rates can spike 40-80% above your baseline. Annual blended ADR for a well-optimized listing typically lands between $210 and $280.
