Cheap Apartments for Rent in the Faena Neighborhood of Miami Beach, FL from $1,300 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Faena area of Miami Beach.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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.

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Showing Results 1-25, Page 1 of 1

Faena, Miami Beach, FL Local Guide

Cheapest Available Faena Apartments for Rent

 

The cheapest available apartment rental in the Faena area of Miami Beach, FL is a Studio unit found at Helios Apartments Miami Beach priced from $1,345. 4540 Royal Palm Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here are the most affordable Faena apartments for rent in Miami Beach, FL:

Apartment ListingModel NameBed/BathPriced From
Helios Apartments Miami BeachA3Studio,1BA$1,345
4540 Royal Palm Ave1 Bedroom 1 Bath1BR,1BA$1,395
4035 N Meridian Ave11BR,1BA$1,698
Depot Miami ApartmentsStudioStudio,1BA$1,750
900 Pennsylvania Ave1 Bed/1 Bath1BR,1BA$1,800

Best Value Apartments for Rent in Faena, FL

As of January 12, 2026 the best value apartment in the Faena area is the $2.17 price per square foot 2457 Collins Ave Model at 2457 Collins Ave, Unit #1401 in the in the Bayshore neighborhood starting from $3,250. The second greatest value Faena apartment is the 1150 8th St Model at 1150 8th St, Unit 3 starting at $3,800 with a $3.45 price per square foot in the Port of Miami neighborhood. Here is today’s list of the best values for Faena apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2457 Collins Ave, Unit #14012457 Collins Ave2BR,2BA$2.17
1150 8th St, Unit 31150 8th St3BR,2BA$3.45
2816 Pine Tree Dr, Unit 22816 Pine Tree Dr2BR,1BA$3.10
632 15th St1Bed/1Bath1BR,1BA$2.50
4035 N Meridian Ave1x11BR,1BA$2.53
1615 Meridian Ave, Unit 2021615 Meridian Ave1BR,1BA$3.20
4540 Royal Palm Ave1 Bedroom 1 Bath1BR,1BA$2.33
Helios Apartments Miami BeachA61BR,1BA$2.78
Gator Apartments1 BED 1 BATH1BR,1BA$3.17
Depot Miami ApartmentsStudioStudio ,1BA$3.14

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Faena, Miami Beach, FL

Ranked #13

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Faena Apartments

What is a cheap apartment in Faena?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Faena is under $2,000.

What is the price of a cheap apartment in Faena?

The cheapest apartment in Faena is 4540 Royal Palm Ave which is listed at $1,395, while the average apartment in Faena costs $14,593.

What types of apartments are the cheapest in Faena?

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 17 regular apartments in Faena 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 Faena?

Cheap apartments in Faena have an average cost of $487 which is $14,106 cheaper than the average rent for all rentals in Faena.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!