New Overtown Housing Opened With Rent Starting at $683
The Courtside II complex provides 120 income-restricted apartments to help address Miami's ongoing rental affordability crisis.
Updated on Oct. 9, 2026 in Apartments
Live Poll
Is housing in your community becoming more affordable for long-term residents to live in?
An affordable housing complex in Miami's Overtown neighborhood has officially opened, offering 120 income-restricted units. The project aims to provide relief for households struggling with significant rent hikes in the local metro area.
Why it matters
The development seeks to keep long-term residents in their community amid a regional housing shortage of over 90,000 units. It serves as a direct intervention for families facing rising costs in a market where rents have jumped more than 50% since early 2020.
The $58 million Courtside II project offers rents starting at $683 for households earning 30% to 70% of the area median income. This follows a period where metro area rents surged over 50% since January 2020, leaving over half of local renters cost-burdened.
The players
Housing Trust Group
A developer that partners on multi-family housing projects and income-restricted apartment communities.
AM Affordable Housing
A developer focused on creating and preserving housing options for low-to-moderate income families.
JP Morgan Chase
A global financial services firm that provides commercial and private loans for housing and infrastructure development.
The details
Courtside II was funded through a mix of private capital and public loans, including support from the Miami-Dade County Affordable Housing Surtax Program. The units are specifically designated for households earning between 30% and 70% of the area median income to ensure long-term affordability in Overtown. This project expands on the 2016 completion of Courtside I, which provided 84 units at a cost of $22.8 million.
Timeline
Friday, October 9, 2026: Courtside II officially opened.
December 2024: The project broke ground.
January 2020: Start of the period where rents rose over 50%.
2016: Courtside I development opened.
Late 1960s: I-95 construction forced relocation of Overtown residents.
Money Landscape
This opening marks the latest development under the Miami-Dade County Affordable Housing Surtax Program as the city works to bridge a massive gap in low-cost inventory. It arrives as local officials aim to grow the total number of affordable units to 47,000 to combat systemic cost-burdening.
Miami renters struggling with housing costs should monitor county-led affordable housing portals for application windows and eligibility criteria. Households spending more than 30% of their income on rent may want to consult a housing counselor to understand their rights and available local resources.
The takeaway
The addition of these units offers a potential lifeline for residents facing the significant rent inflation that has gripped Miami since 2020. Families seeking affordable options should periodically check the Miami-Dade County website for new development waitlists and public housing assistance programs.
Further reading
For more information on the local rental market, see our guide to Miami Apartments.
Source note: This article includes information reported by WLRN.
Live Poll
Is housing in your community becoming more affordable for long-term residents to live in?
