Cheap Apartments for Rent in the Biscayne Bay Neighborhood of Coral Gables, FL from $900 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Biscayne Bay area of Coral Gables.

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11 Edgewater Dr
2 Bedroom Apartments

11 Edgewater Dr

11 Edgewater DrCoral Gables, FL 33133
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Griillaire Apartments
1 Bedroom Apartments

Griillaire Apartments

5991 SW 76th StSouth Miami, FL 33143
  • Utilities Included
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Bermuda Gardens
1 to 2 Bedroom Apartments

Bermuda Gardens

6241 SW 78th StSouth Miami, FL 33143
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Gibson Plaza
1 to 2 Bedroom Apartments

Gibson Plaza

3629 Grand AveCoconut Grove, FL 33133
Senior Living
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Legacy at South Miami
1 Bedroom Apartments

Legacy at South Miami

5880 SW 74th TerSouth Miami, FL 33143
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Biscayne Bay, Coral Gables, FL Local Guide

Cheapest Available Biscayne Bay Apartments for Rent

 

The cheapest available apartment rental in the Biscayne Bay area of Miami, FL is a 1 Bed unit found at Palm Plaza Apartments priced from $1,600. Legacy at South Miami has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,630. Here are the most affordable Biscayne Bay apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Palm Plaza Apartments1/11BR,1BA$1,600
Legacy at South MiamiModel A31BR,1BA$1,630
Sunset Club ApartmentsOne Bedroom1BR,1BA$1,675
Sunset Square1x1 600-7001BR,1BA$1,800
Residences at SoMi ParcSunsetStudio,1BA$2,075

Best Value Apartments for Rent in Biscayne Bay, FL

As of June 22, 2025 the best value apartment in the Biscayne Bay area is the $3.53 price per square foot B2 Model at Bower South Miami in the in the South Miami neighborhood starting from $4,200. The second greatest value Biscayne Bay apartment is the 3BD, 2BTH C2 Model at Valencia South Miami starting at $3,499 with a $3.01 price per square foot in the South Miami neighborhood. Here is today’s list of the best values for Biscayne Bay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bower South MiamiB22BR,2BA$3.53
Valencia South Miami3BD, 2BTH C23BR,2BA$3.01
Orduna CourtTwo Bedroom2BR,2BA$3.09
House 57 - Student HousingHouse 574BR,4BA$1.59
Gables Ponce2A61BR,1BA$4.07
Sunset Square1x1 600-7001BR,1BA$2.57
Residences at SoMi ParcRiviera1BR,1BA$3.68
Legacy at South MiamiModel A31BR,1BA$2.61
Sunset Club ApartmentsOne Bedroom1BR,1BA$2.75
Palm Plaza Apartments1/11BR,1BA$2.67

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Frequently Asked Questions about Cheap Biscayne Bay Apartments

What is a cheap apartment in Biscayne Bay?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Biscayne Bay is under $3,086.

What is the price of a cheap apartment in Biscayne Bay?

The cheapest apartment in Biscayne Bay is Palm Plaza Apartments which is listed at $1,600, while the average apartment in Biscayne Bay costs $9,000.

What types of apartments are the cheapest in Biscayne Bay?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Biscayne Bay that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Biscayne Bay?

Cheap apartments in Biscayne Bay have an average cost of $2,893 which is $6,107 cheaper than the average rent for all rentals in Biscayne Bay.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods in Miami, FL

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I’m Kelly, your ApartmentHomeLiving.com local expert from Miami, Florida. I’ve lived in Miami for a while now, and it’s truly one of the most exciting, vibrant, and beautiful places to live.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.