Flamingo / Lummus Rental Market Report: March 2026 Prices by Bedroom

Data note: This report is based on the March 2026 MLS export. Neighborhood classifications and building names reflect Allioo's standards and may differ from MLS source data. This is part of our first data-driven report series and we are actively improving data accuracy with each export.

Flamingo / Lummus is one of Miami Beach's most accessible rental neighborhoods, sitting just west of Ocean Drive with Biscayne Bay to the west and the Atlantic energy of South Beach nearby. In March 2026, 53 rental listings were tracked in the neighborhood, with 52 closing. Here is what tenants paid and how long it took to rent.

Flamingo / Lummus Rental Prices by Bedroom: March 2026

Studios (0 Bedrooms)

All 12 studio listings tracked in March rented. Average rented price: $1,698/month. Range: $1,495 to $2,100. Average days on market: 51.

Studios in Flamingo / Lummus are among the most affordable entry points in the Miami Beach rental market. At under $1,700 on average, they attract young renters and seasonal tenants who want proximity to the beach without paying South of Fifth prices. Demand is consistent and absorption is steady.

1-Bedroom Units

30 one-bedroom listings tracked, 29 rented. Average rented price: $2,226/month. Range: $1,800 to $3,700. Average days on market: 88.

One-bedrooms are the highest-volume segment in Flamingo / Lummus and carry the widest range of building quality. Units at the lower end of the range tend to be in older walk-up buildings. The upper end reflects renovated or amenity-rich buildings closer to the bay. At 88 average days on market, this segment takes longer to lease than studios, meaning pricing accuracy matters.

2-Bedroom Units

All 10 two-bedroom listings tracked rented. Average rented price: $3,575/month. Range: $2,600 to $8,000. Average days on market: 69.

Two-bedrooms actually moved faster than one-bedrooms in March, averaging 69 days versus 88. That is likely a reflection of smaller supply and a tenant pool willing to commit when the right unit becomes available. The $8,000 ceiling shows the neighborhood can support premium pricing for the right product.

3-Bedroom Units

Only one 3-bedroom listing tracked in March, which rented at $3,800/month in 15 days. With a single data point this is not statistically meaningful, but it indicates demand exists at this bedroom count when supply shows up.

How Flamingo / Lummus Compares to the Rest of Miami

Flamingo / Lummus sits at a distinct price tier compared to other Miami neighborhoods tracked in the March 2026 data:

Flamingo / Lummus is the most affordable of the four neighborhoods by 1BR average rent, sitting $218 below West Avenue and $681 below Downtown. That gap reflects both building age and the fact that this pocket of South Beach has not seen the same level of luxury development as Brickell or Edgewater. For tenants, it represents real value relative to its location. For landlords, it means the pricing ceiling is lower but demand is real and consistent.

What This Means for Flamingo / Lummus Landlords

1. Studios and 2-bedrooms are your fastest movers. Studios averaged 51 days and 2BRs averaged 69 days. One-bedrooms at 88 days are the slowest segment, which is unusual. Landlords holding 1BR units should price conservatively and ensure the unit shows well to close faster.

2. The price ceiling is real but not low. A 2BR closed at $8,000 in March. The market supports premium pricing for renovated, well-located, or amenity-heavy units. The median is modest but the ceiling is meaningful for the right product.

3. Seasonal demand matters here more than in Brickell. Flamingo / Lummus has a larger share of shorter-term and seasonal rental activity than inland neighborhoods. Landlords who align listing timing with peak Miami Beach season, roughly October through April, tend to see faster absorption and stronger pricing.