Cheap Homes for Rent in Miami, FL from $700 (518 Rentals)

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

property at 15011 SW 112th Ter

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1.5 Bath Home for Rent

Available Now

15011 SW 112th Ter

MiamiFL33196
property at 6108 SW 133rd Pl

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

6108 SW 133rd Pl

MiamiFL33183
property at 13631 SW 136th Pl

$920

Total Monthly Price

Total Monthly Price

Base Rent
$920

Total Monthly Price
$920

1 Bedroom, 1 Bath Home for Rent

Available Now

13631 SW 136th Pl

MiamiFL33186
property at 12404 SW 20th Ter

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Townhome for Rent

Available Now

12404 SW 20th Ter

MiamiFL33175
property at 10315 SW 35th Ter

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

10315 SW 35th Ter

MiamiFL33165
property at 14945 SW 38th St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio, 1 Bath Home for Rent

Available Now

14945 SW 38th St

MiamiFL33185

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.

property at 13828 SW 22nd Ter

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

13828 SW 22nd Ter

MiamiFL33175
property at 900 NE 85th St

$1,045

Total Monthly Price

Total Monthly Price

Base Rent
$1,045

Total Monthly Price
$1,045

1 Bedroom, 1 Bath Home for Rent

Available Now

900 NE 85th St

MiamiFL33138

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.

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.

property at 14348 SW 158th Path

$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

property at 900 SW 104th Ct

$1,200 - $2,500

1 To 2 Bedroom Rentals

Available Now

900 SW 104th Ct

MiamiFL33174
property at 9335 SW 117th Ave

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

1 Bedroom, 1 Bath Home for Rent

Available Now

9335 SW 117th Ave

MiamiFL33186

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.

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 3010 NW 95th Terrace

$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

3010 NW 95th Terrace, Unit A

3010 NW 95th Terrace
MiamiFL33147
property at 3180 SW 6th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

3180 SW 6th St

MiamiFL33135
property at 14764 SW 25th Ln

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Townhome for Rent

Available Sep 17

14764 SW 25th Ln

MiamiFL33185

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

Cheapest Neighborhoods for Apartments in Miami, FL

Pricing Updated: 08/01/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Mitchell Lake$1,763$1,10029
Driftwood$2,027$1,20014
Ingleside Park$2,050$1,2006
Martinique$2,292$60618
Trojan Park$2,400$2,4001
West Kendall$2,454$9999
Normandy Shores$2,528$1,5756
Playland Estates$2,545$860211
Miramar Park$2,596$1,20024
Normandy Isles$2,643$1,50033

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 ListingModel NameBed/BathPriced From
Northside Transit Village IVA11BR,1BA$642
Hibiscus Grove1 Bedroom, 1 Bathroom1BR,1BA$680
Santa Clara II1 Bedroom1BR,1BA$697
Westview Gardens1BR1BR,1BA$740
Santa Clara I1 Bedroom1BR,1BA$746
Malibu GardensUNIT A1BR,1BA$950
New Arena Square Apartments1Bed 1Bath1BR,1BA$950
147 NW 59th StPrivate Room with shared bathroom4BR,1BA$950
Park CityThe Largo- Income Restrictions1BR,1BA$963
Northside Transit Village IIA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
9710 SW 161st St, Unit 29710 SW 161st St2BR,1BA$0.93
14141 NE 3rd Ct, Unit 1414114141 NE 3rd Ct2BR,1BA$0.88
19 NE 48th St, Unit 119 NE 48th St2BR,1BA$1.12
9249 SW 146th CtMiami Home3BR,2BA$1.06
4th Street Commons4x4 City View4BR,4BA$0.76
New Arena Square Apartments1Bed 1Bath1BR,1BA$1.29
Park CityThe Largo- Income Restrictions1BR,1BA$1.31
Santa Clara II1 Bedroom1BR,1BA$1.15
Santa Clara I1 Bedroom1BR,1BA$1.23
Northside Transit Village IVA11BR,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.

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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

Read Article
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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Miami, FL Area Reviews

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

Allaire4+ 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.

Hector1+ 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 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

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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.

decorative image for Where to Live in Miami When You're Not a Tourist article

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.

decorative image for Miami Unfiltered: A Born-and-Raised Guide to Where Locals Love to Live   article

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.

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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.

Articles, How-To's, and Tips

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.