Miami · Miami-Dade County
Rent in Rainbow Village
HUD's 2027 Fair Market Rent for a two-bedroom in ZIP code 33127, at the center of Rainbow Village, is $2,060 a month, rent plus utilities.
Rainbow Village is a neighborhood in Miami, in Miami-Dade County. It covers about 40 acres and borders Town Park, Fashion District, Northeast Overtown, Wynwood and 2 more areas.
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Rent in Rainbow Village
The Census median rent in Rainbow Village is $1,090 a month with utilities. The Miami-Dade County median is $1,829, so rent here runs $740 lower.
Studio
- Census median
- Not enough data
- HUD Fair Market Rent
- $1,570
1 bedroom
- Census median
- $1,040
- HUD Fair Market Rent
- $1,700
2 bedrooms
- Census median
- Not enough data
- HUD Fair Market Rent
- $2,060
3 bedrooms
- Census median
- Not enough data
- HUD Fair Market Rent
- $2,630
4 bedrooms
- Census median
- $930
- HUD Fair Market Rent
- $3,010
- Median rent, all sizes
- $1,090
- Rent plus utilities, a month.
Census median: Census ACS 2020 to 2024, from the 2 Census tracts under this outline, each counted by the share of its area inside. Rent plus utilities.
HUD Fair Market Rent: HUD Fair Market Rent, FY2027.
Paying about $1,000 a month? See what that rent could buy.
Who rents here
Owners hold about 13% of the homes in Rainbow Village, and renters the other 87%. Across Miami-Dade County, about 5 in 10 households rent. A typical household in Rainbow Village earns about $44,200 a year before taxes. About 6 in 10 renter households in Rainbow Village spend 30% or more of their income on rent. The typical resident of Rainbow Village is about 36 years old.
- Households that rent
- 87%
- Miami-Dade County: 48%
- Median household income
- $44,200
- A year, before taxes.
- Renters paying 30%+ of income
- 55%
- On rent and utilities.
- Renters paying 50%+ of income
- Not enough data
- Median age
- 36
Census ACS 2020 to 2024, from the 2 Census tracts under this outline, each counted by the share of its area inside.
Getting around
About 56% of workers drive to work alone. The closest rail station is Santa Clara on Metrorail, 0.8 miles away. The nearest bus stop is under a quarter mile from the center, and 6 stops are inside Rainbow Village.
- Average commute
- Not enough data
- One way.
- Commute 45 min or more
- Not enough data
Transit
- Nearest Metrorail stationSanta Clara0.8 mi
- Bus stops inside6Nearest 0.1 mi
Commutes: Census ACS 2020 to 2024, from the 2 Census tracts under this outline, each counted by the share of its area inside.
© OpenStreetMap contributors, October 2026. Straight-line distance from the center.
Close by
The nearest supermarket, Price Choice on NE 2nd Ave, is 0.7 miles away. Rainbow Village Park is the closest park, under a quarter mile away. From Rainbow Village, the nearest beach is 1.2 miles away. Healthi Rx Pharmacy on NE 2nd Ave is the nearest pharmacy, 0.7 miles from the center.
- GroceryPrice ChoiceNE 2nd Ave0.7 mi
- ParkRainbow Village Park0 mi
- BeachThe beach1.2 mi
- PharmacyHealthi Rx PharmacyNE 2nd Ave0.7 mi
- CoffeeLaid FreshNW 24th St0.3 mi
- Dog parkMaurice A Ferre Dog Park1.3 mi
- HospitalJackson Behavioral Health HospitalNW 9th Ave0.6 mi
Inside Rainbow Village: 1 park.
© OpenStreetMap contributors, October 2026. Straight-line distance from the center.
Schools nearby
By distance, the public schools nearest Rainbow Village are Phyllis Wheatley Elementary School (0.3 miles), Jose de Diego Middle School (0.7 miles) and Booker T. Washington Senior High (0.7 miles).
- ElementaryPhyllis Wheatley Elementary School0.3 mi
- MiddleJose de Diego Middle School0.7 mi
- HighBooker T. Washington Senior High0.7 mi
NCES public school locations, 2023-24 school year. Straight-line distance from the center.
The homes
Half the homes in Rainbow Village went up before 1978, and half since. The housing in Rainbow Village leans toward small buildings of 2 to 9 units, at about 33% of homes.
- Median year built
- 1978
Census ACS 2020 to 2024, from the 2 Census tracts under this outline, each counted by the share of its area inside.
Near Rainbow Village
Neighborhoods that share a border with Rainbow Village, then the closest others.
- Next doorTown ParkMiami$2,070 HUD Fair Market Rent, 2 bed
- Next doorFashion DistrictMiami$2,060 HUD Fair Market Rent, 2 bed
- Next doorNortheast OvertownMiami$2,070 HUD Fair Market Rent, 2 bed
- Next doorWynwoodMiami$2,060 HUD Fair Market Rent, 2 bed
- Next doorAllapattah Industrial DistrictMiami$2,060 HUD Fair Market Rent, 2 bed
- Next doorCivic CenterMiami$2,470 HUD Fair Market Rent, 2 bed
Source: HUD Small Area Fair Market Rents, FY2027; U.S. Census Bureau ACS 2024; OpenStreetMap contributors; NCES public school locations, 2023-24; City of Miami neighborhood map.