Cheap Apartments for Rent in Miami, FL from $300 (678 Rentals)

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Search the lowest-cost Apartments available for rent right now in Miami.

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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Miami Unfiltered: A Born-and-Raised Local Experts Guide to Where Locals Love to Live

Miami is huge! Explore the best places to live, from booming Miami Gardens and North Miami to trendy Brickell and Little Havana, with a true local's expert advice.

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property at 5905 NW 3rd Ave

$1,150 - $2,350

Studio To 3 Bedroom Rentals

Available Now

5905 NW 3rd Ave

MiamiFL33127
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Sunset Way
Rent Specials
$1,200 - $3,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,148 - $3,543
Required Monthly Fees
$52
Total Monthly Price
$1,200 - $3,595
Studio to 3 Bedroom Apartments Available Now

Sunset Way

15385-15391 SW 73rd Terrace CirMiami, FL 33193
Affordability
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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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Miami, FL Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Miami, FL

Pricing Updated: 02/16/2026

Current apartment rentals in the Miami, FL area range in price from $533 to $50,000 with an overall median price of $8,673. The three Miami neighborhoods with the lowest median rent pricing are Trojan Park at $1,500, University Park at $995, and Lower Hialeah Gardens at $1,550. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Miami Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Trojan Park$1,850$1,50013
University Park$2,110$99510
Lower Hialeah Gardens$2,348$1,55013
Normandy Shores$2,350$1,4002
Southern Estates$2,374$99536
Opa Locka Airport$2,499$1,10075
Martinique$2,500$53312
Miramar Isles$2,500$1,3004
Miramar Park$2,500$1,3008
Carole Anne Park$2,600$1,10011

Cheapest Available Miami Apartments for Rent

 

The cheapest available apartment rental in Miami, FL is a Studio unit found at The Ambar in the Allapattah neighborhood priced from $628. Santa Clara I in the Miami River neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $673. Here is today’s list of the most affordable Miami apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The AmbarA-A3Studio,1BA$628
Santa Clara I1 Bedroom1BR,1BA$673
Cutler VistaSenior Apartment1BR,1BA$780
700 Atlantic Shores0 Bedroom 1 Bath - 34768Studio,1BA$930
Coral TerraceStudioStudio,1BA$1,050
4th Street Commons4x4 Pool View4BR,4BA$1,079
1555 NE 129 ST NORTH MIAMI FLstudioStudio,1BA$1,150

Best Value Apartments for Rent in Miami, FL

As of February 17, 2026 the best value apartment in the Miami area is the $0.78 price per square foot 1736 SW 9th St Model at 1736 SW 9th St, Unit 1738 in the in the East Little Havana neighborhood starting from $3,000. The second greatest value Miami apartment is the 186 NW 13th St Model at 186 NW 13th St, Unit B2 starting at $2,900 with a $1.53 price per square foot in the Downtown Miami neighborhood. Here is today’s list of the best values for Miami apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1736 SW 9th St, Unit 17381736 SW 9th St3BR,1BA$0.78
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
45 NW 48th St, Unit 345 NW 48th St1BR,1BA$0.87
47 NW 45th Ave, Unit 247 NW 45th AveStudio ,1BA$0.76
2385 SW 25th St, Unit Apt - Silver Bluff-Gables2385 SW 25th St1BR,1BA$1.21
19 SW 14th St1 BR, 1 Bath1BR,1BA$1.25
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Cutler VistaThree Bedrooms3BR,2BA$1.35
4th Street CommonsB5 2X22BR,2BA$1.48
Santa Clara I1 Bedroom1BR,1BA$1.11

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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Student Living Made Easy: Great Miami Neighborhoods to Rent Near Campus

A Local Expert’s Guide to Student Friendly Neighborhoods Near Colleges and Universities in Miami. Find your perfect Miami, FL area student apartment, condo, or rental home today at ApartmentHomeliving.com

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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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Miami Overview

Landing it as one of the top 10 US metro areas in population, the Miami metro area is home to over 5 million people - many of whom are nestled in one of the many options in great apartments in Miami. Not only is Miami a major U. S. city, it's often called the Capital of Latin America, and has more international banks than any other city in this country. Miami is a major player nationally and internationally in the worlds of finance, tourism, biotechnology, medicine and many more industries. And as a thriving global city, Miami offers incredible access to culture and arts, from incredible live performances, first rate museums, a thriving art scene and as one of the world's most exciting centers of fashion. Plus, this city is at the heart of the 'sunshine state,' with beautiful beaches, a booming nightlife and in 2008 Forbes magazine named Miami America's cleanest city based on air quality, access to open spaces, water quality, cleanliness of the streets and the recycling program.

Why live in Miami, FL?

Combining near-perfect temperatures, beautiful ocean views and enough fun in the sun to last a lifetime, apartments in Miami are toted as the cream of the crop of the Florida scene. The largest city in terms of population in the Sunshine State and named a global city due to its stature in the industries of finance, entertainment and commerce, Miami apartments place residents firmly in the center of all that Florida has to offer.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Miami, FL Rentals by Map

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See the most popular apartments and homes in Miami, FL

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Miami, FL Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Allaire • 4+ years in Miami

May 6, 2025

I'm a native, born and raised. I've seen Miami grow into the international hotspot it's known for. Depending on where you live, transportation may not be that good, but there's never a shortage of things to do and see. It's gotten really expensive to live here, but you can't beat the food, people, events, water, and overall vibe. My advice is to EXPLORE. There are many neighborhoods and communities in Miami that are unknown jewels. It's up to you to find them and your tribe. If you're looking for a cultural explosion, you'll find it here.

Hector • 1+ years in Miami

April 3, 2025

Its expensive to live here, but worth the cost. Lots of great Cuban food and vibe everywhere. Its overcrowded, but its nice here.

Frequently Asked Questions about Cheap Miami Apartments

What is a cheap apartment in Miami?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Miami is under $1,150.

What is the price of a cheap apartment in Miami?

The cheapest apartment in Miami is Santa Clara I which is listed at $673, while the average apartment in Miami costs $8,673.

What types of apartments are the cheapest in Miami?

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 10,783 regular apartments in Miami 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 Miami?

Cheap apartments in Miami have an average cost of $815 which is $7,858 cheaper than the average rent for all rentals in Miami.

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.

Helpful Local Expert Guides

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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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Student Living Made Easy: Great Miami Neighborhoods to Rent Near Campus

Written by: Allaire Williams

Whether you’re starting your first semester or just need a change of scenery, finding the right place to live during college makes a difference.

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Miami Unfiltered: A Born-and-Raised Guide to Where Locals Love to Live

Written by: Allaire Williams

I’m Allaire, your ApartmentHomeLiving.com Local Expert for Miami, Florida, and I’ll start by saying that this city is so much more than the South Beach party scene you see on Instagram and TV.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.