Cheap Apartments for Rent in Miami, FL from $300 (749 Rentals)

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

Beyond Miami: Nearby Cities That Make Renting in South Florida Easier

Searching for apartments in South Florida? Go beyond Miami with our local expert guide to Fort Lauderdale, Hollywood, Doral, and more. Compare options to find your fit.

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147 NW 59th St
Rent Specials
$950 - $3,500
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $3,500
Total Monthly Price
$950 - $3,500
1 to 4 Bedroom Apartments Available Now

147 NW 59th St

147 NW 59th StMiami, FL 33127
Student Housing
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2932 NW 16th Ave

$1,050 - $1,575

Studio To 1 Bedroom Rentals

Available Now

2932 NW 16th Ave

MiamiFL33142
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5870 SW 20th St, Unit B
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
Studio Apartment Available Aug 1

5870 SW 20th St, Unit B

5870 SW 20th StMiami, FL 33155
Affordability

Where to Live in Miami When You're Not a Tourist: A Miami Expert's Guide to the Top Neighborhoods Near Major Employers

Moving to Miami for work? Skip South Beach. Get the insider's guide to the best non-touristy neighborhoods, short commutes, and traffic-beating shortcuts for professionals.

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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: 07/27/2026

Current apartment rentals in the Miami, FL area range in price from $200 to $50,000 with an overall median price of $10,060. The three Miami neighborhoods with the lowest median rent pricing are Mitchell Lake at $1,100, Driftwood at $1,200, and Ingleside Park at $1,284. 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$1,763$1,10028
Driftwood$2,027$1,20014
Ingleside Park$2,200$1,2847
Martinique$2,292$60610
Trojan Park$2,400$2,4001
Cakegrove$2,441$89068
West Kendall$2,503$9999
Normandy Shores$2,528$1,5756
Playland Estates$2,550$1,095148
Miramar Park$2,596$1,20016

Cheapest Available Miami Apartments for Rent

 

The cheapest available apartment rental in Miami, FL is a 1 Bed unit found at NORTHSIDE TRANSIT VILLAGE IV in the Essex Village neighborhood priced from $642. Santa Clara I in the Miami River neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $746. Here is today’s list of the most affordable Miami apartments for rent:

Apartment ListingModel NameBed/BathPriced From
NORTHSIDE TRANSIT VILLAGE IVA11BR,1BA$642
Santa Clara I1 Bedroom1BR,1BA$746
Santa Clara II2 Bedroom2BR,2BA$829
Malibu GardensUNIT A1BR,1BA$950
New Arena Square Apartments1Bed 1Bath1BR,1BA$950
147 NW 59th StPrivate Room with shared bathroom1BR,1BA$950
Park CityThe Largo- Income Restrictions1BR,1BA$963
1540 NW 1st Ct0BR/1.0BAStudio,1BA$1,150
The DorianStudioStudio,1BA$1,150
Aerie Apartments3/33BR,3BA$1,175

Best Value Apartments for Rent in Miami, FL

As of July 27, 2026 the best value apartment in the Miami area is the $0.93 price per square foot 9710 SW 161st St Model at 9710 SW 161st St, Unit 2 in the in the Rockdale neighborhood starting from $2,700. The second greatest value Miami apartment is the 14141 NE 3rd Ct Model at 14141 NE 3rd Ct, Unit 14141 starting at $2,100 with a $0.88 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.
9710 SW 161st St, Unit 29710 SW 161st St2BR,1BA$0.93
14141 NE 3rd Ct, Unit 1414114141 NE 3rd Ct2BR,1BA$0.88
19 NE 48th St, Unit 119 NE 48th St2BR,1BA$1.12
9249 SW 146th CtMiami Home3BR,2BA$1.06
4th Street Commons4x4 City View4BR,4BA$0.76
Santa Clara II2 Bedroom2BR,2BA$0.93
New Arena Square Apartments1Bed 1Bath1BR,1BA$1.29
Park CityThe Largo- Income Restrictions1BR,1BA$1.31
Santa Clara I1 Bedroom1BR,1BA$1.23
NORTHSIDE TRANSIT VILLAGE IVA11BR,1BA$1.16

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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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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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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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!

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Miami, FL Area Reviews

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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 $1,175.

What is the price of a cheap apartment in Miami?

The cheapest apartment in Miami is NORTHSIDE TRANSIT VILLAGE IV which is listed at $642, while the average apartment in Miami costs $10,060.

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 6,057 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 $841 which is $9,219 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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Beyond Miami: Nearby Cities That Make Renting in South Florida Easier

Written by: Allaire Williams

Hello there! I'm Allaire, your ApartmentHomeLiving.com Local Expert for the Miami-Fort Lauderdale area.

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Where to Live in Miami When You're Not a Tourist

Written by: Allaire Williams

Let's be real - most Miami guides are written for people who think living here means South Beach penthouses and rooftop parties every night. But if you're moving here for work (not Instagram content), you need the real deal.

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

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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.

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

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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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Rent According to Income: A Look at Income-Restricted Rentals

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