Cheap Homes for Rent in Miami Beach, FL from $1,200 (285 Rentals)

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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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property at 7734 Abbott Ave

7734 Abbott Ave

Miami BeachFL33141
property at 1750 James Ave

1750 James Ave

Miami BeachFL33139

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 300 74th St

300 74th St

Miami BeachFL33141
property at 7315 Byron Ave

7315 Byron Ave

Miami BeachFL33141

Miami's Best Affordable Neighborhoods

Learn about Miami and the best places to live with original content written by our Miami, FL Local Expert Kelly Reising

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Showing Results 1-50, Page 1 of 6

Miami Beach, FL Local Guide

Cheapest Neighborhoods for Apartments in Miami Beach, FL

Pricing Updated: 05/24/2025

Current apartment rentals in the Miami Beach, FL area range in price from $1,000 to $55,000 with an overall median price of $27,171. The three Miami Beach neighborhoods with the lowest median rent pricing are North Beach at $1,000, Allison Island at $4,000, and La Gorce at $2,250. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Miami Beach Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Beach$3,715$1,000332
Allison Island$12,500$4,0002
La Gorce$20,000$2,2504
Flamingo$27,082$1,500221
Lummus Park$27,082$1,615135
Miami Beach Boardwalk$27,082$1,575133
Mid Beach$27,082$1,575200
Fisher Island$50,000$10,0002
South Beach$50,000$1,500318

Cheapest Available Miami Beach Apartments for Rent

 

The cheapest available apartment rental in Miami Beach, FL is a Studio unit found at Coral Terrace in the North Miami neighborhood priced from $1,050. Sawyer’s Walk in the Miami Riverwalk neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,333. Here is today’s list of the most affordable Miami Beach apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Coral TerraceStudioStudio,1BA$1,050
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
Helios Apartments Miami BeachA3Studio,1BA$1,345
Venetian at North MiamiStudioStudio,1BA$1,350
6844 Harding AveSTUDIOStudio,1BA$1,400
420 78th StStudioStudio,1BA$1,450
Boutique Apts // Bayside Apts LLC0BR/1.0BAStudio,1BA$1,475
OCEAN HOUSE NOBE0/1Studio,1BA$1,500

Best Value Apartments for Rent in Miami Beach, FL

As of May 24, 2025 the best value apartment in the Miami Beach area is the $1.15 price per square foot 1320 NE 117th Ter Model at 1320 NE 117th Ter, Unit 1 in the in the North Miami neighborhood starting from $2,900. The second greatest value Miami Beach apartment is the 2457 Collins Ave Model at 2457 Collins Ave, Unit #1401 starting at $3,250 with a $2.17 price per square foot in the Bayshore neighborhood. Here is today’s list of the best values for Miami Beach apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1320 NE 117th Ter, Unit 11320 NE 117th Ter3BR,2BA$1.15
2457 Collins Ave, Unit #14012457 Collins Ave2BR,2BA$2.17
999 Brickell Bay Dr, Unit 1510999 Brickell Bay Dr2BR,2BA$2.46
7721 Dunham Blvd, Unit TOWNHOME7721 Dunham Blvd3BR,2BA$2.33
8031 Hawthorne Ave, Unit 38031 Hawthorne Ave2BR,1BA$2.00
The Oaks Apartments2/1.52BR,1.5BA$2.30
Porta di Oro Apartments2 Bedrooms/2 baths2BR,2BA$2.47
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
810 81st St810 81st St2BR,1BA$2.45
810 82nd St, Unit 3810 82nd St1BR,1BA$2.19

Quick Rent Budget Calculator

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Frequently Asked Questions about Miami Beach

What type of rentals are currently available in Miami Beach?

There are currently 2726 Apartments for Rent in Miami Beach, FL with pricing that ranges from $1,000 to $55,000. There are also 3114 Single Family Homes for rent, Condos, and Townhome rentals currently available in Miami Beach ranging from $1,300 to $100,000.

What is the current price range for Rental Homes in Miami Beach?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Miami Beach ranges from $1,300 to $100,000 with an average monthly rent of $33,295.

How much are larger Three and Four Bedroom Rentals in Miami Beach?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Miami Beach range from $2,500 to $55,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $70,000. Four Bedroom Single-Family rentals are also available starting from $4,000 and Four Bedroom Apartments start at $2,100.

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

Written by: Kelly Reising

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

Written by: Marie Brown

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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.