Cheap Apartments for Rent in the Downtown Miami Neighborhood of Miami, FL from $300 (187 Rentals)

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

property at 2932 NW 16th Ave

$1,050 - $1,650

Studio To 1 Bedroom Rentals

Available Now

2932 NW 16th Ave

MiamiFL33142

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.

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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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property at 327 NE 55th St

$1,200 - $2,100

Studio To 2 Bedroom Rentals

Available Now

327 NE 55th St

MiamiFL33137

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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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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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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Showing Results 1-50, Page 1 of 4

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 Santa Clara I priced from $746. Santa Clara II has the second lowest priced unit, which is a 3 Beds apartment currently listed from $840. Here are the most affordable Downtown Miami apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Santa Clara I1 Bedroom1BR,1BA$746
Santa Clara II3 Bedroom3BR,2BA$840
New Arena Square Apartments1Bed 1Bath1BR,1BA$950
1540 NW 1st Ct0BR/1.0BAStudio,1BA$1,150
Aerie Apartments3/33BR,3BA$1,175
Otto Apartments3/33BR,3BA$1,175
Plum Apartments3/33BR,3BA$1,175
Alberta Heights Apartments1 Bedroom1BR,1BA$1,200
Brownsville Transit Village Phase VStudio AStudio,1BA$1,234

Best Value Apartments for Rent in Downtown Miami, FL

As of July 12, 2026 the best value apartment in the Downtown Miami area is the $0.68 price per square foot 1736 SW 9th St Model at 1736 SW 9th St, Unit 1738 in the in the East Little Havana neighborhood starting from $2,600. 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.
1736 SW 9th St, Unit 17381736 SW 9th St3BR,1BA$0.68
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
19 NE 48th St, Unit 119 NE 48th St2BR,1BA$1.12
1144 NW 5th St, Unit 11144 NW 5th St1BR,1BA$1.67
6040 NW 12th AveOne Bedroom1BR,1BA$1.67
Otto Apartments3/33BR,3BA$1.57
Plum Apartments3/33BR,3BA$1.57
Aerie Apartments3/33BR,3BA$1.59
New Arena Square Apartments1Bed 1Bath1BR,1BA$1.29
Santa Clara I1 Bedroom1BR,1BA$1.23

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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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 #1

Among cities in Florida 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 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 $1,234.

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

The cheapest apartment in Downtown Miami is Santa Clara I which is listed at $746, while the average apartment in Downtown Miami costs $16,503.

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 114 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 $337 which is $16,166 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.

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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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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.

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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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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.