Cheap Studio Apartments for Rent in the Downtown Miami Neighborhood of Miami, FL from $850 (43 Rentals)

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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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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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959 SW 5th St
Studio Apartments

959 SW 5th St

959 SW 5th StMiami, FL 33130
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Las Palmas Plaza I
Studio Apartments

Las Palmas Plaza I

740 NW 25th AveMiami, FL 33125
Senior Living
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1255 SW 6th St
Studio Apartments

1255 SW 6th St

1255 SW 6th StMiami, FL 33135
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2211 SW 3rd Ave
Studio Apartments

2211 SW 3rd Ave

2211 SW 3rd AveMiami, FL 33129
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Labre Place
Studio Apartments

Labre Place

350 NW 4th StMiami, FL 33128
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540 NW 7th St
Studio Apartments

540 NW 7th St

540 NW 7th StMiami, FL 33136

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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930 SW 6 St
Studio Apartments

930 SW 6 St

930 SW 6th StMiami, FL 33130
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Downtown Miami, Miami, FL Local Guide

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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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 Newly Renovated Community which is listed at $1,302, 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 154 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 $198 which is $7,602 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.

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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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.