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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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property at 7305 NW 17th Ct

7305 NW 17th Ct

MiamiFL33147

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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property at 19080 NE 3rd Ct

19080 NE 3rd Ct

MiamiFL33179

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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Miami's Best Affordable Neighborhoods

Learn about Miami and the best places to live with original content written by our Miami, FL Local Expert Kelly Reising

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Miami, FL Local Guide

Cheapest Neighborhoods for Apartments in Miami, FL

Pricing Updated: 07/02/2025

Current apartment rentals in the Miami, FL area range in price from $320 to $60,000 with an overall median price of $7,688. The three Miami neighborhoods with the lowest median rent pricing are Opa-Locka at $1,200, Trojan Park at $1,650, and Rosedale Park at $1,195. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Miami Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Opa-Locka$1,650$1,2005
Trojan Park$2,000$1,65012
Rosedale Park$2,200$1,19516
Mitchell Lake$2,200$1,2003
Olympia Heights$2,250$1,3002
Martinique$2,345$1,25011
Miramar Park$2,345$97513
Normandy Shores$2,400$1,50011
Sunset Westchester$2,480$1,6501
University Park$2,486$99013

Cheapest Available Miami Apartments for Rent

 

The cheapest available apartment rental in Miami, FL is a 1 Bed unit found at Miami Stadium Apartments in the Allapattah neighborhood priced from $510. Edison Place in the Liberty City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $619. Here is today’s list of the most affordable Miami apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Miami Stadium Apartments1 Bedroom1BR,1BA$510
Edison PlaceA51BR,1BA$619
Santa Clara I1 Bedroom1BR,1BA$676
4th Street Commons4x4 Pool View4BR,4BA$999
Coral TerraceStudioStudio,1BA$1,050
316 NE 3 St0BR/1.0BAStudio,1BA$1,125
Center Court0 Bedroom 1 BathStudio,1BA$1,135
1555 NE 129 ST NORTH MIAMI FLstudioStudio,1BA$1,150
250-252 NE 77th StStudioStudio,1BA$1,195

Best Value Apartments for Rent in Miami, FL

As of July 02, 2025 the best value apartment in the Miami area is the $1.15 price per square foot 1320 NE 117th Ter Model at 1320 NE 117th Ter, Unit 1 in the in the North Miami neighborhood starting from $2,900. The second greatest value Miami apartment is the 147 Model at 14750-14885 NE 7th Ave starting at $3,000 with a $1.30 price per square foot in the North Miami neighborhood. Here is today’s list of the best values for Miami apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1320 NE 117th Ter, Unit 11320 NE 117th Ter3BR,2BA$1.15
14750-14885 NE 7th Ave1473BR,2BA$1.30
16182 NE 18th Pl, Unit North Miami Beach Unit16182 NE 18th Pl2BR,1BA$1.05
3376 NW 49th St, Unit 23376 NW 49th St3BR,1BA$1.40
9710 SW 161st St, Unit 97109710 SW 161st St1BR,1BA$1.21
LapisIbizia A - 3BR/3BA3BR,3BA$1.20
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Edison PlaceB22BR,1BA$0.94
Santa Clara I1 Bedroom1BR,1BA$1.11
Miami Stadium Apartments1 Bedroom1BR,1BA$0.85

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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Miami, FL Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Allaire • 4+ years in Miami

May 6, 2025

I'm a native, born and raised. I've seen Miami grow into the international hotspot it's known for. Depending on where you live, transportation may not be that good, but there's never a shortage of things to do and see. It's gotten really expensive to live here, but you can't beat the food, people, events, water, and overall vibe. My advice is to EXPLORE. There are many neighborhoods and communities in Miami that are unknown jewels. It's up to you to find them and your tribe. If you're looking for a cultural explosion, you'll find it here.

Hector • 1+ years in Miami

April 3, 2025

Its expensive to live here, but worth the cost. Lots of great Cuban food and vibe everywhere. Its overcrowded, but its nice here.

Frequently Asked Questions about Miami

What type of rentals are currently available in Miami?

There are currently 13410 Apartments for Rent in Miami, FL with pricing that ranges from $510 to $50,000. There are also 9177 Single Family Homes for rent, Condos, and Townhome rentals currently available in Miami ranging from $800 to $100,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Miami ranges from $800 to $100,000 with an average monthly rent of $25,652.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Miami range from $619 to $30,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $70,000. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,150.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.