How to Rent Your Vacation Home or Condo in Miami Beach, Florida

Miami Beach, Florida is one of the most glamorous vacation destinations in the world. It’s known for its luxury hotels, high-end shopping and beautiful beaches – everything you’d expect from a popular tourist destination. However, Miami Beach is also a great place to rent out your home as a short-term vacation rental. When owners are fully committed to renting out their homes on vacation, Miami Beach can become a very attractive place for tourists to visit. If you want to capitalize on the popularity of Miami Beach, there are a number of things you can do. First, you should prepare your home for renters by doing basic maintenance and cleaning up clutter. Second, work with local agencies to promote Miami Beach as an affordable vacation spot that families can enjoy without breaking the bank. And finally, make sure that your home is located close to restaurants and attractions that will appeal to tourists.

Current Vacation Rental Trends in Miami Beach

During the month of September, North Miami Beach, for example, is projected to generate over $234/night for a 2 bedroom vacation rental, on average! There were 1,605 vacation active rental properties in Miami Beach.  1,460 are renting the entire place, and 145 are shared rooms.  On average, during the month of September 2022, each vacation rental property in North Miami Beach is booked 73% of the time, and most hosts are projected to generate $3,516 or more during the month of September! Is your home in Miami Beach and areas including South Beach, Sunny Isles Beach, North Miami Beach, North Bay Village, Bay Harbor Islands, Bal Harbour, Golden Beach, or another neighborhood in Miami Beach, Florida? See how much you could earn with your Miami Beach vacation rental.
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$234.00 Per Night*

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73% Occupied*

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$3,516.00 Per Month*

* Based on the median average of all vacation rentals in the Miami Beach area.
Get a free estimate for your home or condo.

Featured Miami Beach Vacation Rental Generating Record Profits with RedAwning

Alexander 807 Starting at $857 to $1,650 per night!

The Alexander in Miami Beach offers luxury vacation rentals directly on the beach. If the unit you selected is already booked and dates show as unavailable, please inquire as we may have other options available. Located at 5225 Collins Avenue in the heart of Miami Beach, this Oceanfront Condominium Resort known as The Alexander, is recognized for its intimacy, charm, and direct access to the beach. It is the perfect spot for family-friendly beach vacations as well as for bachelor and... Read More

This Miami Beach vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Miami Beach.

See how much your Miami Beach vacation rental could earn:

Successful short-term vacation rentals in Miami Beach, Florida

Miami Beach, Florida is one of the most popular vacation destinations in the world. People come from all over to enjoy the beautiful beaches and exciting nightlife. While Miami Beach is a great place to visit, it’s also a great place to rent out your home. By short-term renting your Miami Beach home, you can make some extra money while enjoying the benefits of renting out a vacation rental. Here are some of the positive trends in Miami Beach when you consider short-term renting your Miami Beach home: There are a lot of people who want to rent out their homes while they’re away on vacation. This means that there are more people looking for short-term rentals in Miami Beach than there are available properties. As a result, you can get more money for your property by renting out your home as a short-term rental than you would by listing it for sale. People who rent out their homes as short-term rentals often use Airbnb instead of other forms of lodging like hotels or motels. This allows them to make better use of their space and resources without any added cost. Short-term rentals can also be great for getting around town. Because they’re often located in central locations and near public transit, they’re easy to access even when you’re not staying in them yourself.

Positive vacation rental trends in Miami Beach, Florida when you considering renting out your Miami Beach home as a short-term rental have been steadily increasing in popularity over the last few years. Miami Beach is one of the most popular tourist destinations in the United States, and with good reason. Here you can enjoy the incredible beaches, world-class dining and nightlife, and golden sand sculpture artwork that make Miami Beach an attractive destination for both locals and visitors alike. There are many benefits to renting your Miami Beach home as a short-term rental. First and foremost, you’ll earn an income by renting out your home. Secondly, you’ll be able to enjoy all of the great things that make Miami Beach such a popular vacation spot while earning extra cash on the side. And finally, you’ll be able to take advantage of all of the cultural opportunities that Miami Beach has to offer by renting out your home as a short-term rental. /END>

Revenue Projections for Vacation Rentals in North Miami Beach/Miami Beach, Florida during October, 2022

Based on a 2 bedroom, which is the most common Miami Beach vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in October. Higher bars below can command higher prices, if your Miami Beach vacation rental is available during these days.
 
$26971%1st
 
$25770%2nd
 
$25270%3rd
 
$25270%4th
 
$25170%5th
 
$25671%6th
 
$27572%7th
 
$27472%8th
 
$25872%9th
 
$25471%10th
 
$25671%11th
 
$25772%12th
 
$26071%13th
 
$27472%14th
 
$27572%15th
 
$25971%16th
 
$25671%17th
 
$25671%18th
 
$25670%19th
 
$25870%20th
 
$27170%21st
 
$27170%22nd
 
$25670%23rd
 
$25270%24th
 
$25370%25th
 
$25271%26th
 
$25771%27th
 
$27372%28th
 
$27772%29th
 
$26572%30th
 
$25871%31st
 

Average Daily Price & Percent Occupied Next Month In Miami Beach

Note: These averages are based on a 2 bedroom home in North Miami Beach. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Miami Beach, Florida?

If you are a speculative home buyer or have another home in Florida, check out our other Florida Vacation Rental Management reports in Bradenton BeachBradentonBrooksvilleCape CanaveralCaptivaClearwater BeachClearwaterClermontCocoa BeachDade CityDaniaDavenportDaytona BeachEnglewoodFort LauderdaleFort MyersHaines CityHollywoodJacksonville BeachJacksonvilleJensen BeachKey WestKissimmeeMarathonMarco IslandOrlandoMiamiNaplesNavarreNew Port RicheyNorth Weeki WacheePalm BeachPompano BeachPunta GordaSaint PetersburgSanibelSarasotaSatellite BeachSt. AugustineSt. PetersburgStuartSurfsideTampaVero BeachWest Palm BeachFt. WaltonDestinPanama City BeachMiramarSiesta KeyPalm CoastFlagler BeachGeorgetownDatona BeachNew Smyrna BeachOak HillMelbornePalm BayFort PierceDelray BeachBoca RatonBrunswickHudsonVeniceBoca GrandeBonita SpringsEverglades CityOkaloosa IslandCape CoralDaytonaPort St. JoeCrystal RiverGainesvilleFort Myers BeachFort Walton BeachFernandina BeachSanta Rosa BeachHolmes BeachCape HazeSaint AugustineMiramar BeachTreasure IslandAnna MariaInlet BeachNavarre BeachInvernessChampions GateHollywood BeachSunny IslesPlacidaSeacrest BeachRosemary BeachHainesSunny Isles BeachIndian Rocks BeachDaytona Beach ShoresOkeechobeeLongboat KeyReunionPalm HarborProvidenceLake Buena VistaHernandoCortezOakland ParkMelbourneSeagrove BeachFour CornersFt Myers BeachOrmond Beach,  and Panama City, Florida or view all of our vacation rental market reports

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