Edgewater vs Downtown
Downtown is the cheaper of the two: $3,288 a month on average against $3,400 in Edgewater, a difference of $112.
Both are tagged Urban, Up & Coming, and Walkable.
Only Edgewater is tagged Waterfront, Young Professional, and Fitness; only Downtown is tagged Professional and Nightlife.
Edgewater is somewhat walkable and Downtown is highly walkable.
Edgewater
Bayfront living, emerging energy.
Average rent
$3,400/mo
Average asking rent for market-rate apartments in buildings of 50 or more units.
Source: RentCafe / Yardi Matrix · Midtown – Edgewater · Jul 2026
Getting around
Somewhat walkable
Character
- Urban
- Waterfront (not shared)
- Up & Coming
- Young Professional (not shared)
- Walkable
- Fitness (not shared)
Best for
Young professionals, Remote workers, Budget-conscious renters, Fitness enthusiasts
What makes it special
- Margaret Pace Park waterfront recreation
- Direct bay views from many buildings
- Walking distance to Wynwood
- More affordable than Brickell with a similar feel
- Heavy new development with modern amenities
Downtown
The center of everything, finally waking up.
Average rent
$3,288/mo
Average asking rent for market-rate apartments in buildings of 50 or more units.
Source: RentCafe / Yardi Matrix · Downtown Miami · Jul 2026
Getting around
Highly walkable
Character
- Urban
- Walkable
- Professional (not shared)
- Nightlife (not shared)
- Up & Coming
Best for
Commuters, Young professionals, Urban lifestyle seekers, Professionals
What makes it special
- Bayside Marketplace waterfront dining
- Free Metromover loop through Downtown and Brickell
- Kaseya Center (home of the Miami Heat)
- Pérez Art Museum and Frost Science Museum
- The transit hub for all of Miami-Dade
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Sourced and dated. Average asking rent for market-rate apartments in buildings of 50 or more units. Each figure names the area it describes, which is sometimes wider than the neighborhood. Walkability, vibes, best-for, highlights, and descriptions are Move to Miami's editorial judgment, not measurements. There is no crime, school, or commute data here.