Cheap Apartments for Rent in Miami, FL from $300 (626 Rentals)

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property at 14131 NW 3rd Ave

14131 NW 3rd Ave

MiamiFL33168

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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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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property at 9301 NW 4th Ave

9301 NW 4th Ave

MiamiFL33150

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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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: 11/16/2025

Current apartment rentals in the Miami, FL area range in price from $533 to $50,000 with an overall median price of $9,165. The three Miami neighborhoods with the lowest median rent pricing are Windward at $1,095, Miramar Isles at $1,300, and University Park at $995. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Miami Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Windward$2,100$1,09522
Miramar Isles$2,100$1,30011
University Park$2,180$99521
Trojan Park$2,200$1,5506
West Kendall$2,200$1,4008
Southern Estates$2,279$99524
Normandy Shores$2,300$1,40021
Lago Grande$2,450$1,20023
Lower Hialeah Gardens$2,450$1,50028
West Hialeah$2,450$1,20050

Cheapest Available Miami Apartments for Rent

 

The cheapest available apartment rental in Miami, FL is a 2 Beds unit found at Santa Clara I in the Miami River neighborhood priced from $814. 316 NE 3 St in the Foster Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here is today’s list of the most affordable Miami apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Clara I2 Bedroom2BR,2BA$814
316 NE 3 St0BR/1.0BAStudio,1BA$995
4th Street Commons4x4 Pool View4BR,4BA$1,019
Coral TerraceStudioStudio,1BA$1,050
Riverwalk I ApartmentsOne Bedroom1BR,1BA$1,109
Sunset WayThe BristolStudio,1BA$1,115
1555 NE 129 ST NORTH MIAMI FLstudioStudio,1BA$1,150
Sharazad0BR/1.0BAStudio,1BA$1,150
Santa Clara II2 Bedroom2BR,2BA$1,151

Best Value Apartments for Rent in Miami, FL

As of November 16, 2025 the best value apartment in the Miami area is the $0.48 price per square foot 912 NE 81st St Model at 912 NE 81st St, Unit Coral Palazo 2 in the in the Little River neighborhood starting from $2,200. The second greatest value Miami apartment is the 147 Model at 14750-14885 NE 7th Ave starting at $3,000 with a $1.30 price per square foot in the North 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.
912 NE 81st St, Unit Coral Palazo 2912 NE 81st St1BR,1BA$0.48
14750-14885 NE 7th Ave1473BR,2BA$1.30
1560 NW 25th Ave1560 NW 25th Ave3BR,1BA$1.42
555 S Luna Ct Hollywood, FL 330212BR/2.0BA2BR,2BA$1.22
751 81st St, Unit #2751 81st StStudio ,1BA$0.98
6136 N Miami Ave, Unit 61366136 N Miami Ave2BR,1BA$1.45
Brownsville Village3 Bed 2 Bath Senior3BR,2BA$1.29
Ambar Trail3 Beds, 2 baths3BR,2BA$0.98
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Santa Clara I2 Bedroom2BR,2BA$0.92

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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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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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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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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Getting Around Miami, FL

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,151.

What is the price of a cheap apartment in Miami?

The cheapest apartment in Miami is Riverwalk I Apartments which is listed at $1,109, while the average apartment in Miami costs $9,165.

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 8,457 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 $745 which is $8,420 cheaper than the average rent for all rentals in Miami.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.