Cheap Apartments for Rent in Miami, FL from $300 (552 Rentals)

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

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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

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property at 420 NW 10th St

420 NW 10th St

MiamiFL33136

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

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Miami, FL

Pricing Updated: 08/04/2025

Current apartment rentals in the Miami, FL area range in price from $532 to $60,000 with an overall median price of $7,436. The three Miami neighborhoods with the lowest median rent pricing are Mitchell Lake at $1,100, Trojan Park at $1,600, and Opa-Locka at $1,100. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Miami Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mitchell Lake$1,925$1,1004
Trojan Park$2,000$1,60012
Opa-Locka$2,175$1,1003
Carole Anne Park$2,300$1,3001
Martinique$2,345$1,25013
Miramar Park$2,345$1,25013
441 Corridor$2,475$1,30010
Sunset Westchester$2,477$1,6003
Normandy Shores$2,500$1,5004
International Gardens$2,555$74543

Cheapest Available Miami Apartments for Rent

 

The cheapest available apartment rental in Miami, FL is a 1 Bed unit found at Santa Clara I in the Miami River neighborhood priced from $676. 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 I1 Bedroom1BR,1BA$676
316 NE 3 St0BR/1.0BAStudio,1BA$995
Malibu GardensUNIT B2BR,1BA$1,039
Coral TerraceStudioStudio,1BA$1,050
Riverwalk I ApartmentsOne Bedroom1BR,1BA$1,109
1555 NE 129 ST NORTH MIAMI FLstudioStudio,1BA$1,150
250-252 NE 77th StStudioStudio,1BA$1,195
CabanaCabana1BR,1BA$1,195

Best Value Apartments for Rent in Miami, FL

As of August 04, 2025 the best value apartment in the Miami area is the $1.25 price per square foot 1324 NE 151st St Model at 1324 NE 151st St, Unit 1 in the in the North Miami neighborhood starting from $3,400. The second greatest value Miami apartment is the 1320 NE 117th Ter Model at 1320 NE 117th Ter, Unit 1 starting at $2,900 with a $1.15 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.
1324 NE 151st St, Unit 11324 NE 151st St3BR,2BA$1.25
1320 NE 117th Ter, Unit 11320 NE 117th Ter3BR,2BA$1.15
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
14750-14885 NE 7th Ave1473BR,2BA$1.30
1255 NE 128th St, Unit 21255 NE 128th St2BR,2BA$1.23
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
9710 SW 161st St, Unit 1119710 SW 161st St1BR,1BA$0.91
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Malibu GardensUNIT B2BR,1BA$1.21
Santa Clara I1 Bedroom1BR,1BA$1.11

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 $1,195.

What is the price of a cheap apartment in Miami?

The cheapest apartment in Miami is Santa Clara I which is listed at $676, while the average apartment in Miami costs $7,436.

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 5,778 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 $970 which is $6,466 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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.