Cheap Homes for Rent in the Downtown Miami Neighborhood of Miami, FL from $1,200 (146 Rentals)

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

property at 3180 SW 6th St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

3180 SW 6th St

MiamiFL33135
property at 240 NW 64th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

Studio, 1 Bath Condo for Rent

Available Now

240 NW 64th St, Unit 4

240 NW 64th St
MiamiFL33150
property at 5647 NW 5th Ct

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

Studio, 1 Bath Home for Rent

Available Now

5647 NW 5th Ct

MiamiFL33127
property at 1026 NW 47th St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

1026 NW 47th St

MiamiFL33127

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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property at 2441 NW 13th St

$1,550 - $1,900

1 To 2 Bedroom Rentals

Available Now

2441 NW 13th St

MiamiFL33125
property at 1536 NW 15th Ave

$1,600 - $2,100

Studio To 2 Bedroom Rentals

Available Now

1536 NW 15th Ave

MiamiFL33125
property at 142 SW 18th Ave

$1,675 - $1,890

1 To 2 Bedroom Rentals

Available Now

142 SW 18th Ave

MiamiFL33135

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 35 Antilla Ave

$1,699 - $1,999

Studio To 1 Bedroom Rentals

Available Now

35 Antilla Ave

Coral GablesFL33134
property at 3237 SW 4th St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

Studio, 1 Bath Condo for Rent

Available Now

3237 SW 4th St, Unit 6

3237 SW 4th St
MiamiFL33135

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 1134 NW 5th St

$1,790

Total Monthly Price

Total Monthly Price

Base Rent
$1,790
Total Monthly Price
$1,790

1 Bedroom, 1 Bath Condo for Rent

Available Now

1134 NW 5th St, Unit 5

1134 NW 5th St
MiamiFL33128
property at 3 Navarre Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

3 Navarre Ave

Coral GablesFL33134
property at 315 NW 59th St

$1,500 - $1,800

1 Bedroom Rentals

Available Now

315 NW 59th St

MiamiFL33127
property at 1613 NW 16th St

$1,849

Total Monthly Price

Total Monthly Price

Base Rent
$1,849
Total Monthly Price
$1,849

Studio, 1 Bath Condo for Rent

Available Now

1613 NW 16th St, Unit S2

1613 NW 16th St
MiamiFL33125

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 261 NW 49th St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1 Bath Home for Rent

Available Now

261 NW 49th St

MiamiFL33127
property at 769 NW 1st St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

Studio, 1 Bath Condo for Rent

Available Now

769 NW 1st St, Unit 301

769 NW 1st St
MiamiFL33128
property at 3205 NW 3rd St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1 Bath Home for Rent

Available Now

3205 NW 3rd St

MiamiFL33125

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 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 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

Frequently Asked Questions about Downtown Miami

What type of rentals are currently available in Downtown Miami?

There are currently 4065 Apartments for Rent in Downtown Miami, FL with pricing that ranges from $200 to $24,213. There are also 1701 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Miami ranging from $1,200 to $55,000.

What is the current price range for Rental Homes in Downtown Miami?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Miami ranges from $1,200 to $55,000 with an average monthly rent of $9,568.

How much are larger Three and Four Bedroom Rentals in Downtown Miami?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Miami range from $840 to $22,321, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $37,000. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,600.

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

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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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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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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.