Cheap Apartments for Rent in the Downtown Miami Neighborhood of Miami, FL from $300 (198 Rentals)

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

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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
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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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property at 3072 SW 16th St

$1,200 - $2,700

Studio To 3 Bedroom Rentals

Available Now

3072 SW 16th St

MiamiFL33145

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property at 1625 NW 35th St

$1,300 - $2,000

1 To 2 Bedroom Rentals

Available Now

1625 NW 35th St

MiamiFL33142
property at 6335 N Miami Ave

$1,300 - $2,000

Studio To 2 Bedroom Rentals

Available Now

6335 N Miami Ave

MiamiFL33150

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property at 890 NW 55th St

$1,350 - $3,300

1 To 3 Bedroom Rentals

Available Now

890 NW 55th St

MiamiFL33127

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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 $697. Santa Clara I has the second lowest priced unit, which is a 1 Bed apartment currently listed from $746. Here are the most affordable Downtown Miami apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Santa Clara II1 Bedroom1BR,1BA$697
Santa Clara I1 Bedroom1BR,1BA$746
147 NW 59th StPrivate Room with shared bathroom4BR,1BA$950
Otto Apartments3/33BR,3BA$1,050
Plum Apartments3/33BR,3BA$1,125
Aerie Apartments3/33BR,3BA$1,175
Alberta Heights Apartments1 Bedroom1BR,1BA$1,200
Residences at River Parc1 Bedroom Small1BR,1BA$1,217

Best Value Apartments for Rent in Downtown Miami, FL

As of August 26, 2026 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 4147 NW 23rd Ct Model at 4147 NW 23rd Ct, Unit 4147 starting at $3,400 with a $1.60 price per square foot in the Allapattah 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
4147 NW 23rd Ct, Unit 41474147 NW 23rd Ct4BR,2BA$1.60
110 NW 58th St, Unit 0110 NW 58th St2BR,1BA$1.60
Hampton Village2 Beds, 2 baths2BR,2BA$1.53
Pastel Apartments3Bed/3Bath - Rent-By-Bedroom3BR,3BA$1.65
6040 NW 12th AveOne Bedroom1BR,1BA$1.67
Plum Apartments3/33BR,3BA$1.60
Otto Apartments3/33BR,3BA$1.55
Santa Clara II1 Bedroom1BR,1BA$1.15
Santa Clara I1 Bedroom1BR,1BA$1.23

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

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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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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 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 $1,230.

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

The lowest price for a Cheap One Bedroom Downtown Miami Apartment is $697 at Santa Clara II.

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 $829 at Santa Clara II.

What is the most affordable Downtown Miami Three Bedroom Apartment?

The best deal on a cheap Downtown Miami Three Bedroom Apartment rental is at Otto Apartments and starts from $1,050.

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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