33193 Miami, FL Fair Market Rent

What the FMR for ZIP 33193 actually means

HUD publishes Small Area Fair Market Rents at the ZIP code level for designated metros. ZIP 33193 (Miami, FL) is covered by Miami-Miami Beach-Kendall, FL HUD Metro FMR Area, so FY 2026 figures here are ZIP-specific: $2,150 for a 1-bedroom, studio $1,970, 2-bedroom $2,620, 3-bedroom $3,360, and 4-bedroom $3,890. These are 40th-percentile gross rents (utilities except telephone), not live asking rents. Housing Choice Voucher payment standards are typically set between 90% and 110% of the applicable FMR/SAFMR.

Because this page uses SAFMR, nearby ZIPs in Miami-Dade can show different bedroom figures. Against the national benchmark the 1-bedroom SAFMR here is 124% above the US average of $959, and 66% above the FL state average of $1,296.

For budgeting, the 30% affordability rule says rent should not exceed 30% of gross household income. At the FY 2026 1-bedroom FMR of $2,150, that implies a household income of $86,000 per year (about $7,167/month) to avoid being cost-burdened, a 2-bedroom at $2,620 lifts that threshold higher still. ZIP 33193 has a population of 46,044 residents, so the gap between these FMR figures and local wages shapes how many households qualify as rent-burdened (paying more than 30% of income) or severely burdened (above 50%).