The Venetian Islands in Miami, Florida, overlook Downtown Miami.

Welcome to Miami, Florida, where the sun always shines, and the nightlife is always active!

Known as the Magic City due to how quickly it rose in cultural impact, Miami is a melting pot of cultures and home to some of the most high-end rentals you’ll ever see. As we explore the five most luxurious rental properties in Miami, prepare to be dazzled by Mediterranean-inspired architecture, designer features, and breathtaking views of Biscayne Bay you won’t find anywhere else.

Based on Apartments.com listing data, these are the five most expensive rentals available in Miami. Whether you’re dreaming about luxury beach life or simply curious about the heights of affluence in Miami real estate, these residences offer a peek into the opulence that’s always around the corner in the Magic City.

15 E San Marino Dr

15 East San Marino Drive has a pool on the back patio that overlooks Biscayne Bay.

Price: $250,000/month

Size: 7,000 square feet

Highlights:

  • Elevator
  • Rooftop deck
  • Views of Biscayne Bay
  • Pool overlooking the bay
  • Outdoor grill area
The living room at 15 East San Marino Drive has cozy sofas and floor-to-ceiling windows.

For only $250,000 a month, you could live in 7,000 square feet of pure luxury! This charming mansion on San Marino Island gives you waterfront views everywhere you turn. Enjoy views of Biscayne Bay from the pool and spa on the back patio, the rooftop deck, or through floor-to-ceiling windows throughout the home.

Loathe climbing stairs? An elevator has you covered! Besides, walking from one end of this home to the other is exercise enough.

24 S Hibiscus Dr

24 South Hibiscus Drive is a Mediterranean-inspired waterfront villa reminiscent of those in Santorini, Greece.

Price: $200,000/month

Size: 8,110 square feet

Highlights:

  • Infinity pool
  • Patio with dining and grill areas
  • Outdoor spiral staircase
  • Dock with lounge area
  • Multiple rooftop terraces
The all-white interior at 24 South Hibiscus Drive gives the home a beachy feel.

Transport yourself to Santorini with this humble abode on Hibiscus Island! This Mediterranean-style home might as well be an all-inclusive resort, with a massive infinity pool overlooking Biscayne Bay. Two guest houses flank the main house, offering your friends privacy while they take calls from their agents.

And, of course, it wouldn’t be a waterfront mansion on Hibiscus Island without an infinity pool and a dock with a lounge area! Dock your yacht after a day spent cruising around Biscayne Bay and unwind with a quick catnap on a fluffy white chaise.

825 E Dilido Dr

825 East Dilido Drive has multiple lounge areas in the backyard.

Price: $180,000/month

Size: 7,066 square feet

Highlights:

  • Brazilian Cumaru wood finishes
  • European white oak floors
  • Lutron automation system
  • Infinity pool and spa
  • Panoramic views of Biscayne Bay
Floor-to-ceiling windows at 825 East Dilido Drive give panoramic views of Biscayne Bay.

Sit on the dock of the bay and watch the tide roll away at this modern villa in the Venetian Islands! With waterfront space longer than a regulation tennis court, you can take in the sparkling blue waters of Biscayne Bay wherever you turn.

The water isn’t the only breathtaking part of this home, though. This 7,000-square-foot house features European white oak flooring and Cumaru wood finishes throughout, giving a rustic edge to the polished, modern architecture. A Lutron automation system allows you to easily adjust the lighting in your home in case you get sick of the natural sunlight streaming in from the floor-to-ceiling windows in almost every room.

420 W San Marino Dr

420 West San Marino Drive has a spacious back patio with a heated pool.

Price: $175,000/month

Size: 6,091 square feet

Highlights:

  • Living room with 30-foot ceiling
  • Glass elevator
  • Outdoor kitchen
  • Heated pool
  • Dock with lounge area
The living room at 420 West San Marino Drive has a 30-foot ceiling with a sparkling crystal chandelier.

If you can get by with only 6,091 square feet, this ultra-modern home is perfect! Its smaller size doesn’t require you to sacrifice luxury—marble flooring, spa-inspired bathrooms, and a Boffi outdoor kitchen make sure of that. A glass elevator ensures you can still oversee your estate while you travel throughout your home, and a rooftop patio provides a panoramic view of the city and the bay.

Finish up a long day of a fully booked social calendar by watching the sun set over Downtown Miami from the comfy couch on your dock.

15701 Collins Ave Unit 5101

The rooftop infinity pool at 15701 Collins Ave Unit 5101 offers breathtaking sunset views.

Price: $160,000/month

Size: 7,161 square feet

Highlights:

  • Penthouse suite
  • Butler service
  • Private yacht service
  • Club room with multisport simulator
  • Rooftop infinity pool
Floor-to-ceiling windows in 15701 Collins Ave Unit 5101 let in plenty of natural sunlight.

If you prefer your luxury a little higher up, you’re in luck! This 51st-floor penthouse at the Ritz-Carlton Residences is a showstopper. Wake up to panoramic views of the Atlantic Ocean and fall asleep knowing that the butler service can get you reservations at Miami’s most exclusive restaurants. Need a day for rest and relaxation? The on-site spa, meditation garden, and yoga studios can keep you feeling refreshed and ready to tackle your high score on the multisport simulator.

With a private terrace, pool cabanas, and opulent marble finishes, every detail in this penthouse oozes sophistication. And, because this is Miami, there’s enough space to entertain your entire entourage. $160,000 a month well spent.

Looking to Live the High Life?

Not all luxury rentals in Miami cost an entire year’s salary each month. Apartments.com has custom search filters to help you find a luxury rental that fits your lifestyle. Once you find the perfect location, narrow the search within a price range that works for you.

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Chloe Savan

Hi! I'm Chloe, a content writer for Apartments.com. I've lived in three apartments in the past four years, so I know the ropes of renting. When I'm not at my desk writing, I can be found curled up on my couch with a craft in my hands or catching up with my friends over tacos!

Chloe Savan smiling in graduation pictures.
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