Cheap Apartments for Rent in the Downtown Miami Neighborhood of Miami, FL from $300 (154 Rentals)

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

property at 6326 NW 4th Ave

6326 NW 4th Ave

MiamiFL33150

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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property at 420 NW 10th St

420 NW 10th St

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.

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property at 1060 NW 47th St

1060 NW 47th St

MiamiFL33127

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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property at 123 NW 59th St

123 NW 59th St

MiamiFL33127
property at 2460 NW 61st St

2460 NW 61st St

MiamiFL33142
property at 1362 SW 2nd St

1362 SW 2nd St

MiamiFL33135

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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property at 1774 SW 11th St

1774 SW 11th St

MiamiFL33135
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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 Santa Clara II priced from $628. 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
Santa Clara II1 Bedroom1BR,1BA$628
Santa Clara I1 Bedroom1BR,1BA$676
Gallery Marti ParkS1Studio,1BA$775
Brownsville Village1 Bed 1 Bath Senior1BR,1BA$1,199
Miami CentralStudioStudio,1BA$1,299
Brownsville Transit Village I1A1BR,1BA$1,315
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
2110 W Flagler St1/11BR,1BA$1,350

Best Value Apartments for Rent in Downtown Miami, FL

As of October 06, 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 1560 NW 25th Ave Model at 1560 NW 25th Ave starting at $3,000 with a $1.42 price per square foot in the Little Havana 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
1560 NW 25th Ave1560 NW 25th Ave3BR,1BA$1.42
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Allapattah Trace2 Bed, 2 Bath2BR,2BA$1.62
i5 Wynwood Co-LivingRent-By-Bedroom | C11BR,1BA$1.60
2110 W Flagler St1/11BR,1BA$1.69
Plum - Co-Living ApartmentsPrivate Bed/Bath in Shared 3Bed/3Bath1BR,1BA$1.60
Santa Clara II1 Bedroom1BR,1BA$1.03
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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Pet Friendly Lifestyle
Downtown Miami, Miami, FL

Ranked #160

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 $1,350.

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

The cheapest apartment in Downtown Miami is Santa Clara II which is listed at $628, while the average apartment in Downtown Miami costs $7,800.

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 134 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 $212 which is $7,588 cheaper than the average rent for all rentals in Downtown 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.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.