Renters are paying less for apartments in Miami, but there are issues. See the costs

While apartment rents in Miami have experienced a slight decrease, affordability remains a significant challenge for many residents. The median asking rent in the Miami metro area is approximately $2,675, which is beyond the financial reach of numerous renters. 

 This disparity highlights the ongoing issue of the income gap in South Florida, where the cost of living continues to outpace wage growth, making housing affordability a persistent concern.for more information click here.