Renting vs Buying Real Estate in Miami – Comparing Rental Properties to Properties for Sale

Renting vs Buying Real Estate in Miami

Shall I start with renting or buy right away? This is always an important question, even more so when families are relocating to Miami. In this blog I do not want to go into the obvious, and compare renting a property with buying a property. We all know the financial pro’s and cons of owning a property vs renting a property. This blog is intended to give you insights into what you can buy or rent with a certain budget and to give you feedback on the Miami real estate market as we deal with relocation buyers on a daily basis. Several of my most recent relocation buyers came into town to rent for 12 months, but ended up buying after getting to know the market and the city.

As of 2021 the rental market is extremely tight and prices have increased significantly. Due to the many relocations the Miami rental market is experiencing an extremely low inventory specially when it comes to single-family homes. Because of this lack of inventory rental properties are currently renting for a premium (even more so than in the sales market). For this reason many relocating families end up buying a property as this makes more sense financially. Those who are looking for a rental home in the areas close to Miami’s best schools will experience a severe lack of inventory while those looking at the condo market will notice that we have reached the bottom prices of this cycle, which makes buying extra attractive.

In this blog we are showing Miami real estate for sale and for rent in the city’s most desired residential areas. You will notice the lack of single-family homes in the rental market and experience what you can rent or buy for a certain amount of money. For more market information, market statistics or off-market opportunities please contact David Siddons at 305.508.0899.

Renting vs Buying a Miami Home

Renting vs Buying a Miami Condo

Contact the David Siddons Group for more information about the Miami real estate market or to learn more about moving to Miami. In 2020, the David Siddons Group has helped more than 30 families move into Miami as well as several companies including a multi-national with their CEO and CFO.

David Siddons | 305.508.0899  |

David Siddons is a top producing Miami real estate agent (Douglas Elliman) with $150M in yearly sales. He is known for his market analysis and he is the author of several of Miami’s most influential real estate reports and forecasts.


These are the most commonly asked Google Real Estate Related questions

1. What are the Current Best New Condos in Miami?

If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023

2. What is the best New Construction Condo in Fort Lauderdale?

In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.

3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami? 

Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!


For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.

  • Analytical

    Over 100 reports produced to date

  • Knowledgeable

    Over 1800 published articles and counting

  • Experienced

    Over $2 billion in real estate sales

David Siddons

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