In case you needed more motivation to lock in an 18-month lease at brand-new Miami apartment building Douglas Enclave, a new analysis shows that Miami currently has very little inventory that would be considered affordable to a “typical” Miami renter. 

Through January 2025, less than 13% of available apartments met the threshold of affordable in Miami-Dade County, according to an Apartments.com study of U.S. Census Bureau and CoStar data. This affordability crisis is compounded by the fact that South Florida is aging, which is stifling growth of the region’s working-age population. More residents on fixed incomes will create even greater affordability challenges moving forward. 

In Miami’s for-sale housing market, the picture is not any brighter. A new report from Newsweek details how surging homeowners association (HOA) fees, elevated mortgage rates and insurance costs are forcing many would-be buyers out of the market. 

These converging trends make an 18-month lease for a one-bedroom or studio apartment at Douglas Enclave your best option for the foreseeable future. Douglas Enclave’s developer is offering generous concessions that make the extremely favorable monthly rent even more appealing.  

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. 

Building amenities include a club lounge, fitness center, electric vehicle charging stations, bike racks, gated parking garage, dog washing station, saline pool, business center with computer stations 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 5:30 p.m. from Monday to Friday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.