
Cheap Homes for Rent in Miami, FL from $700 (518 Rentals)
Search the lowest-cost Homes available for rent right now in Miami.


1155 SW 129th Ave

610 NE 4th Pl

323 NW 108th St, Unit 3

6108 SW 133rd Pl

1935 NW 96th St

13631 SW 136th Pl

12404 SW 20th Ter

10315 SW 35th Ter

14945 SW 38th St
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.

13828 SW 22nd Ter

1871 NE 158th St

1331 SW 129th Ave

13301 NW 31st Ave

900 NE 85th St

160 NW 60th St, Unit A

11100 NE 12th Ave

160 NW 60th St, Unit B

160 NW 60th St, Unit B

160 NW 60th St, Unit A
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

160 NW 60th St, Unit A

2345 NW 81st St.

7714 NW 5th Ave

18801 NE 2nd Ave, Unit 55+CommunityUnit1005

251 NW 177th St

655 NW 152nd St

1350 NW 96th St

14165 NW 22nd Ct

3616 SW 113th Ct

2061 NW 27th St
Where to Live in Miami When You're Not a Tourist: A Miami Expert's Guide to the Top Neighborhoods Near Major Employers
Moving to Miami for work? Skip South Beach. Get the insider's guide to the best non-touristy neighborhoods, short commutes, and traffic-beating shortcuts for professionals.

843 SW 134th Pl

14348 SW 158th Path

2701 NW 21st Ave

900 SW 104th Ct

19360 SW 116th Ave

18801 NE 2nd Ave

6510 SW 58th Ave

10740 SW 142nd Ave

11001 SW 226th Terrace

9335 SW 117th Ave
Miami Unfiltered: A Born-and-Raised Local Experts Guide to Where Locals Love to Live
Miami is huge! Explore the best places to live, from booming Miami Gardens and North Miami to trendy Brickell and Little Havana, with a true local's expert advice.

103xx SW 168th St

427 NE 107th St

240 NW 64th St, Unit 4

3010 NW 95th Terrace, Unit A

3180 SW 6th St

14764 SW 25th Ln

5410 NW 13th Ave, Unit # 13

15742 SW 144th Terrace

306 Remington Pl Blvd

19080 NE 3rd Ct
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Miami, FL Local Guide

How much does it cost to rent a home in Miami?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Miami 2 Bedroom Homes for Rent | $4,542 | $1,200 | $10,000+ |
| Miami 3 Bedroom Homes for Rent | $6,309 | $1,900 | $10,000+ |
| Miami 4 Bedroom Homes for Rent | $9,628 | $850 | $10,000+ |
| Miami 5 Bedroom Homes for Rent | $18,727 | $3,300 | $10,000+ |
| Miami 6 Bedroom Homes for Rent | $37,527 | $4,500 | $10,000+ |
| Miami 7 Bedroom Homes for Rent | $38,110 | $8,000 | $10,000+ |
Browse Top Homes for Rent in Miami
Explore Miami
Miami, FL Local Guide
- Miami Neighborhoods
- Nearby Cities
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- Local Counties
Cheapest Neighborhoods for Apartments in Miami, FL
Pricing Updated: 08/01/2026Current apartment rentals in the Miami, FL area range in price from $200 to $43,073 with an overall median price of $10,819. The three Miami neighborhoods with the lowest median rent pricing are Mitchell Lake at $1,763, Driftwood at $2,027, and Ingleside Park at $2,050. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Miami Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Mitchell Lake | $1,763 | $1,100 | 29 |
| Driftwood | $2,027 | $1,200 | 14 |
| Ingleside Park | $2,050 | $1,200 | 6 |
| Martinique | $2,292 | $606 | 18 |
| Trojan Park | $2,400 | $2,400 | 1 |
| West Kendall | $2,454 | $999 | 9 |
| Normandy Shores | $2,528 | $1,575 | 6 |
| Playland Estates | $2,545 | $860 | 211 |
| Miramar Park | $2,596 | $1,200 | 24 |
| Normandy Isles | $2,643 | $1,500 | 33 |
Cheapest Available Miami Apartments for Rent
 The cheapest available apartment rental in Miami, FL is a 1 Bed unit found at Northside Transit Village IV in the Essex Village neighborhood priced from $642. Hibiscus Grove in the Rockdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here is today’s list of the most affordable Miami apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Northside Transit Village IV | A1 | 1BR,1BA | $642 |
| Hibiscus Grove | 1 Bedroom, 1 Bathroom | 1BR,1BA | $680 |
| Santa Clara II | 1 Bedroom | 1BR,1BA | $697 |
| Westview Gardens | 1BR | 1BR,1BA | $740 |
| Santa Clara I | 1 Bedroom | 1BR,1BA | $746 |
| Malibu Gardens | UNIT A | 1BR,1BA | $950 |
| New Arena Square Apartments | 1Bed 1Bath | 1BR,1BA | $950 |
| 147 NW 59th St | Private Room with shared bathroom | 4BR,1BA | $950 |
| Park City | The Largo- Income Restrictions | 1BR,1BA | $963 |
| Northside Transit Village II | A1 | 1BR,1BA | $1,132 |
Best Value Apartments for Rent in Miami, FL
As of August 01, 2026 the best value apartment in the Miami area is the $0.93 price per square foot 9710 SW 161st St Model at 9710 SW 161st St, Unit 2 in the in the Rockdale neighborhood starting from $2,700. The second greatest value Miami apartment is the 14141 NE 3rd Ct Model at 14141 NE 3rd Ct, Unit 14141 starting at $2,100 with a $0.88 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 9710 SW 161st St, Unit 2 | 9710 SW 161st St | 2BR,1BA | $0.93 |
| 14141 NE 3rd Ct, Unit 14141 | 14141 NE 3rd Ct | 2BR,1BA | $0.88 |
| 19 NE 48th St, Unit 1 | 19 NE 48th St | 2BR,1BA | $1.12 |
| 9249 SW 146th Ct | Miami Home | 3BR,2BA | $1.06 |
| 4th Street Commons | 4x4 City View | 4BR,4BA | $0.76 |
| New Arena Square Apartments | 1Bed 1Bath | 1BR,1BA | $1.29 |
| Park City | The Largo- Income Restrictions | 1BR,1BA | $1.31 |
| Santa Clara II | 1 Bedroom | 1BR,1BA | $1.15 |
| Santa Clara I | 1 Bedroom | 1BR,1BA | $1.23 |
| Northside Transit Village IV | A1 | 1BR,1BA | $1.16 |
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.
Read ArticleStudent 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
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Miami, FL Rentals by Map
See the most popular apartments and homes in Miami, FL
Miami, FL Area Reviews
Allaire • 4+ years in Miami
May 6, 2025I'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, 2025Its 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 13080 Apartments for Rent in Miami, FL with pricing that ranges from $200 to $43,073. There are also 6162 Single Family Homes for rent, Condos, and Townhome rentals currently available in Miami ranging from $700 to $95,000.
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 $700 to $95,000 with an average monthly rent of $5,917.
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 $942 to $30,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $65,000. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $950.
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

Beyond Miami: Nearby Cities That Make Renting in South Florida Easier
Written by: Allaire Williams
Hello there! I'm Allaire, your ApartmentHomeLiving.com Local Expert for the Miami-Fort Lauderdale area.

Where to Live in Miami When You're Not a Tourist
Written by: Allaire Williams
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.

Miami Unfiltered: A Born-and-Raised Guide to Where Locals Love to Live
Written by: Allaire Williams
I’m Allaire, your ApartmentHomeLiving.com Local Expert for Miami, Florida, and I’ll start by saying that this city is so much more than the South Beach party scene you see on Instagram and TV.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.

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.