While home prices continue to soar, the rental market may be cooling down in South Florida, providing renters much-needed relief.
The Miami-metropolitan area, which includes Miami-Dade, Broward and Palm Beach counties, saw the most significant decrease in the median cost of rent from the first part of 2023 to the first part of 2024, out of the 75 most populated metropolitan areas across the United States, according to a report by Forbes Advisor.