
Cheap Apartments for Rent in the Faena Neighborhood of Miami Beach, FL from $1,300 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Faena area of Miami Beach.


4540 Royal Palm Ave

1615 Pennsylvania Ave

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5748 Pine Tree Dr, Unit Cottage

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345 Michigan Ave, Unit 24

4035 N Meridian Ave

900 Pennsylvania Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1034 Pennsylvania Ave

Edwards Apartments

The Anamar at Collins Park

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1555 Pennsylvania Ave, Unit 10

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1615 Meridian Ave, Unit 202

710 7th St

Gator Apartments
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The Bellmore

2901 Sheridan Ave, Unit 3a

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Southgate Towers

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800 West Ave, Unit 441

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1200 West Ave, Unit 1508

3411 Indian Creek Dr, Unit 1202

Marble Terrace Apartments
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3588 Collins Ave

3100 Collins Ave
Faena, Miami Beach, FL Local Guide

How much does it cost to rent an apartment in Faena?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Faena Studio Apartments | $3,524 | $1,600 | $10,000+ |
| Faena 1 Bedroom Apartments | $3,716 | $1,595 | $10,000+ |
| Faena 2 Bedroom Apartments | $5,751 | $2,745 | $10,000+ |
| Faena 3 Bedroom Apartments | $12,293 | $7,731 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Faena Neighborhood of Miami Beach, FL.
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Faena, Miami Beach, FL Local Guide
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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 $1,595. Here are the most affordable Faena apartments for rent in Miami Beach, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Helios Apartments Miami Beach | A3 | Studio,1BA | $1,345 |
| 4540 Royal Palm Ave | 1 Bedroom 1 Bath | 1BR,1BA | $1,595 |
| 4035 N Meridian Ave | 1 | 1BR,2BA | $1,698 |
| 900 Pennsylvania Ave | Studio | Studio,1BA | $1,700 |
| Gator Apartments | 1 BED 1 BATH | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in Faena, FL
As of July 16, 2026 the best value apartment in the Faena area is the $2.10 price per square foot 2901 Sheridan Ave Model at 2901 Sheridan Ave, Unit 3a in the in the Bayshore neighborhood starting from $2,100. The second greatest value Faena apartment is the 1200 West Ave Model at 1200 West Ave, Unit 1508 starting at $2,900 with a $3.46 price per square foot in the Watson Island neighborhood. Here is today’s list of the best values for Faena apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2901 Sheridan Ave, Unit 3a | 2901 Sheridan Ave | 1BR,1BA | $2.10 |
| 1200 West Ave, Unit 1508 | 1200 West Ave | 1BR,1BA | $3.46 |
| 4035 N Meridian Ave | 1x1 | 1BR,1BA | $2.53 |
| 1615 Meridian Ave, Unit 202 | 1615 Meridian Ave | 1BR,1BA | $3.20 |
| Gator Apartments | 1 BED 1 BATH | 1BR,1BA | $3.33 |
| 4540 Royal Palm Ave | 1 Bedroom 1 Bath | 1BR,1BA | $2.66 |
| Helios Apartments Miami Beach | A3 | Studio ,1BA | $2.69 |
| 900 Pennsylvania Ave | Studio | Studio ,1BA | $3.40 |
| 5748 Pine Tree Dr, Unit Cottage | 5748 Pine Tree Dr | 1BR,1BA | $3.20 |
| 345 Michigan Ave, Unit 24 | 345 Michigan Ave | 1BR,1BA | $3.77 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleFaena, Miami Beach, FL
Ranked #21
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Faena Apartments
What is the Cheapest Studio apartment in Faena?
Currently the most affordable Cheap Studio Apartment in Faena is at Helios Apartments Miami Beach listed at $1,345.
How much is rent for a Cheap One Bedroom Faena Apartment?
The lowest price for a Cheap One Bedroom Faena Apartment is $1,595 at 4540 Royal Palm Ave.
What is the lowest price for a Cheap Two Bedroom Faena Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Faena is starting from $2,900 at The Bellmore.
What is the most affordable Faena Three Bedroom Apartment?
The best deal on a cheap Faena Three Bedroom Apartment rental is at Avara and starts from $8,957.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.