Cheap Apartments for Rent in the Downtown Miami Neighborhood of Miami, FL from $300 (121 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 1815 NW 1st Ct

$1,300 - $1,850

Studio To 2 Bedroom Rentals

Available Now

1815 NW 1st Ct

MiamiFL33136

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.

Read Article

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.

Read Article
close
View Me
3101 NW 6th St, Unit 0
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
Studio Apartment Available Now

3101 NW 6th St, Unit 0

3101 NW 6th StMiami, FL 33125
Affordability
property at 1765 SW 21st St

$1,400 - $1,800

Studio To 1 Bedroom Rentals

Available Now

1765 SW 21st St

MiamiFL33145
property at 142 NE 56th St

$1,495 - $2,700

Studio To 3 Bedroom Rentals

Available Now

142 NE 56th St

MiamiFL33137

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.

Read Article
property at 3354 NW 50th St

$1,500 - $1,800

Studio To 1 Bedroom Rentals

Available Now

3354 NW 50th St

MiamiFL33142
property at 3503 SW 24th St

$1,500 - $2,800

1 To 2 Bedroom Rentals

Available Now

3503 SW 24th St

MiamiFL33145
close
View Me
959 SW 5th St
Studio to 3 Bedroom Apartments

959 SW 5th St

959 SW 5th StMiami, FL 33130
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 3

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 New Arena Square Apartments priced from $950. 1718 NW 2nd Ct has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Downtown Miami apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
New Arena Square Apartments1Bed 1Bath1BR,1BA$950
1718 NW 2nd Ct1 bedroom1BR,1BA$1,095
Alberta Heights Apartments1 Bedroom1BR,1BA$1,200
Brownsville Transit Village Phase VStudio AStudio,1BA$1,234
Saffron Apartments (Furnished Rooms)Private Bed/Bath in Shared 2Bed/2Bath1BR,1BA$1,250
6040 NW 12th AveOne Bedroom1BR,1BA$1,250
5990 NW 14th Ave1/11BR,1BA$1,250
Father Marquess - Barry Apartments1/1 Bedroom1BR,1BA$1,274
Brownsville Village1B1BR,1BA$1,315
Miami CentralMC-A1BR,1BA$1,399

Best Value Apartments for Rent in Downtown Miami, FL

As of May 28, 2026 the best value apartment in the Downtown Miami area is the $0.18 price per square foot 1 bedroom Model at 1718 NW 2nd Ct in the in the Downtown Miami neighborhood starting from $1,095. The second greatest value Downtown Miami apartment is the 740 SW 9th St Model at 740 SW 9th St, Unit 1 starting at $3,500 with a $1.52 price per square foot in the Miami Riverwalk 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.
1718 NW 2nd Ct1 bedroom1BR,1BA$0.18
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
19 NE 48th St, Unit 119 NE 48th St2BR,1BA$1.12
21 NE 48th St, Unit 221 NE 48th St1BR,1BA$0.90
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
Superior Manor II3 bedroom / 2 bath3BR,2BA$1.56
Hampton Village3 Beds, 2 baths3BR,2BA$1.60
Father Marquess - Barry Apartments1/1 Bedroom1BR,1BA$1.30
6040 NW 12th AveOne Bedroom1BR,1BA$1.67
New Arena Square Apartments1Bed 1Bath1BR,1BA$1.29

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Miami, Miami, FL

Ranked #1

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 a cheap apartment in Downtown Miami?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Miami is under $1,399.

What is the price of a cheap apartment in Downtown Miami?

The cheapest apartment in Downtown Miami is New Arena Square Apartments which is listed at $950, while the average apartment in Downtown Miami costs $12,934.

What types of apartments are the cheapest in Downtown 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 98 regular apartments in Downtown 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 Downtown Miami?

Cheap apartments in Downtown Miami have an average cost of $362 which is $12,572 cheaper than the average rent for all rentals in Downtown 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

decorative image for The 10 Best Affordable Neighborhoods in Miami, FL article

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.

decorative image for Student Living Made Easy: Great Miami Neighborhoods to Rent Near Campus article

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.

decorative image for Miami Unfiltered: A Born-and-Raised Guide to Where Locals Love to Live article

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.

decorative image for Where to Live in Miami When You're Not a Tourist article

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.