For fans of EDM, there are few events during the year that compare to the enormity of the Ultra Music Festival in Miami. The annual festival, which first launched in 1999, takes place every March at Bayfront Park and has become renowned for its regular rotating cast of the best electronic dance artists.

This year's festival, which launches March 18-20, will feature just about every major name in the genre including Afrojack, Armin Van Buuren, Hardwell, Avicii, Kaskade, Miike Snow, Martin Garrix, deadmau5, Tiesto, Zedd, DJ Snake, Purity Ring and countless others. The popular festival has sold out entirely on the primary market, leaving just VIP tickets up for grabs. Fans looking to get general admission 3-day passes to Ultra Music Festival in Miami must rely on the secondary market, where tickets are currently available--but rising quickly in price.

(Photo: Aaron Davidson/Getty Images)

As it stands, 3-day passes for Ultra are averaging a whopping $990 on the resale market, with the cheapest pass priced at $475. With limited passes available, fans are encouraged to purchase sooner than later. Last year, 3-day passes were in similarly high demand, averaging $818 for the whole weekend, with the cheapest pass available for $336. In 2014, 3-day passes averaged $738, with the cheapest pass available for $464, according to data provided by ticket aggregator, TiqIQ.

Fans traveling to the festival can secure parking in Miami ahead of time through Parkwhiz.com, where rates begin for as low as $10.

Recently, Ultra Europe announced the first batch of artists for their 2016 festival, which will be held in Croatia from July 15-17. Many of the same acts appearing in Miami next week will also make their way to Europe this summer, and headliners include Hardwell, Martin Garrix, Above & Beyond, Alesso, David Guetta, DJ Snake and more.

Many of the Ultra headliners are slated to top the bill at a number of other electronic music-based festivals this summer, with the largest one being Electric Daisy Festival in New York City on May 14 and 15, as well as Electric Daisy Las Vegas from June 17-19. 3-day passes for EDC Vegas are currently averaging $450 on the resale market, but the cheapest pass is available for $395.

Parking in New York City can also be secured through Parkwhiz, where rates begin for as low as $12 for the festival weekend.

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