The Federal Reserve held the line on the benchmark interest rate during its June meeting, keeping the for-sale housing market in a holding pattern for the time being. This means renting continues to be the right move, especially in the Miami market.

Without a substantial rate cut, mortgage rates will remain elevated. Pricing relief does not appear to be imminent for aspiring homebuyers. In fact, “prices are higher than they’ve ever been,” according to Bankrate.

“The nationwide median existing-home price for April 2025 was $414,000, according to the National Association of Realtors — a 1.8 percent increase from the previous year, and not far off June 2024’s all-time-high of $426,900,” the Bankrate report states.

When also factoring in the additional costs and hassles that come with buying, this is no longer an actual debate. Here’s the good news for those in Miami: Douglas Enclave has brand-new apartments available in a vibrant building that provides a true sense of community for residents. It is the perfect place to wait out the near-term market conditions.

Available Units For Rent At Douglas Enclave

Douglas Enclave is an 11-story, 199-unit building with brand-new Little Havana apartments available for rent. It includes a thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances.

Additional building amenities include a club lounge, bike racks, gated parking garage and a package delivery room. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop.

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district.

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday, and between 10 a.m. and 5 p.m. on Saturday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.