Cheap Apartments for Rent in the Faena Neighborhood of Miami Beach, FL from $1,300 (23 Rentals)

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

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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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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Southgate Towers
Rent Specials
$2,180 - $4,466
Total Monthly Price

Total Monthly Price

Base Rent
$2,180 - $4,466

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Southgate Towers

900 West AveMiami Beach, FL 33139
Affordability
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 $1,595. 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$1,595
4035 N Meridian Ave11BR,2BA$1,698
900 Pennsylvania AveStudioStudio,1BA$1,700
Gator Apartments1 BED 1 BATH1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2901 Sheridan Ave, Unit 3a2901 Sheridan Ave1BR,1BA$2.10
1200 West Ave, Unit 15081200 West Ave1BR,1BA$3.46
4035 N Meridian Ave1x11BR,1BA$2.53
1615 Meridian Ave, Unit 2021615 Meridian Ave1BR,1BA$3.20
Gator Apartments1 BED 1 BATH1BR,1BA$3.33
4540 Royal Palm Ave1 Bedroom 1 Bath1BR,1BA$2.66
Helios Apartments Miami BeachA3Studio ,1BA$2.69
900 Pennsylvania AveStudioStudio ,1BA$3.40
5748 Pine Tree Dr, Unit Cottage5748 Pine Tree Dr1BR,1BA$3.20
345 Michigan Ave, Unit 24345 Michigan Ave1BR,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.

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Real 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.

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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 #21

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 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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.

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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.