Cheap Apartments for Rent in the Downtown Miami Neighborhood of Miami, FL from $300 (136 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Miami area of 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 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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property at 5647 NW 5th Ct

5647 NW 5th Ct

MiamiFL33127

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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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 856 SW 6th St

856 SW 6th St

MiamiFL33130

Downtown Miami - One of the Best Affordable Neighborhoods in Miami

Named as one of the Best Affordable Neighborhoods to rent in Miami, FL by our Miami, FL Local Expert Kelly Reising. See how it ranks!

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Downtown Miami, Miami, FL Local Guide

Cheapest Available Downtown Miami Apartments for Rent

 

The cheapest available apartment rental in the Downtown Miami area of Miami, FL is a 1 Bed unit found at Miami Stadium Apartments priced from $510. Santa Clara I has the second lowest priced unit, which is a 1 Bed apartment currently listed from $676. Here are the most affordable Downtown Miami apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Miami Stadium Apartments1 Bedroom1BR,1BA$510
Santa Clara I1 Bedroom1BR,1BA$676
Brownsville Village1 Bed 1 Bath Senior1BR,1BA$1,199
1050 NW 2nd StreetStudioStudio,1BA$1,244
Newly Renovated Community0BR/1.0BAStudio,1BA$1,302
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
2110 W Flagler St1/11BR,1BA$1,350
1274 NW 6th St1B/1B1BR,1BA$1,350

Best Value Apartments for Rent in Downtown Miami, FL

As of June 20, 2025 the best value apartment in the Downtown Miami area is the $1.52 price per square foot 740 SW 9th St Model at 740 SW 9th St, Unit 1 in the in the Miami Riverwalk neighborhood starting from $3,500. The second greatest value Downtown 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 Downtown Miami apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
i5 Wynwood Co-LivingRent-By-Bedroom | C11BR,1BA$1.60
2110 W Flagler St1/11BR,1BA$1.69
Aerie - Co-Living ApartmentsPrivate Bedroom in Shared 2Bd Apartment1BR,1BA$1.67
Plum - Co-Living ApartmentsPrivate Bed/Bath in Shared 3Bed/3Bath1BR,1BA$1.57
Otto - Co-Living ApartmentsPrivate Room in Three Bed Three Bath1BR,1BA$1.63
Santa Clara I1 Bedroom1BR,1BA$1.11
Miami Stadium Apartments1 Bedroom1BR,1BA$0.85

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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Pet Friendly Lifestyle
Downtown Miami, Miami, FL

Ranked #171

Among neighborhoods in Miami, FL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Miami, Miami, FL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States and customized analysis for East Miami. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Miami Apartments

What is the Cheapest Studio apartment in Downtown Miami?

Currently the most affordable Cheap Studio Apartment in Downtown Miami is at 1050 NW 2nd Street listed at $1,248.

How much is rent for a Cheap One Bedroom Downtown Miami Apartment?

The lowest price for a Cheap One Bedroom Downtown Miami Apartment is $510 at Miami Stadium Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Miami Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Miami is starting from $567 at Miami Stadium Apartments.

What is the most affordable Downtown Miami Three Bedroom Apartment?

The best deal on a cheap Downtown Miami Three Bedroom Apartment rental is at Miami Stadium Apartments and starts from $619.

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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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.

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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.