Cheap Homes for Rent in Miami, FL from $700 (567 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
property at 3003 NW 45th St

$1,150

1 Bedroom, 1 Bath Condo for Rent

Available Now

3003 NW 45th St

MiamiFL33142

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.

Read Article
property at 6140 SW 156th Ct

$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

6140 SW 156th Ct

MiamiFL33193

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.

Read Article

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.

Read Article
property at 635 8th St

$1,380 - $1,800

Studio To 1 Bedroom Rentals

Available Now

635 8th St

Miami BeachFL33139

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.

Read Article
Showing Results 1-50, Page 1 of 12

Miami, FL Local Guide

Cheapest Neighborhoods for Apartments in Miami, FL

Pricing Updated: 01/24/2026

Current apartment rentals in the Miami, FL area range in price from $533 to $50,000 with an overall median price of $8,395. The three Miami neighborhoods with the lowest median rent pricing are Trojan Park at $1,400, Miramar Isles at $1,350, and University Park at $995. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Miami Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Trojan Park$1,850$1,40014
Miramar Isles$2,000$1,3505
University Park$2,110$9958
Normandy Shores$2,300$1,4002
Southern Estates$2,374$99523
Carole Anne Park$2,400$1,2008
West Kendall$2,420$1,2002
Playland Estates$2,504$1,095180
Opa Locka Airport$2,596$1,10067
Gratigny Red$2,650$1,100112

Cheapest Available Miami Apartments for Rent

 

The cheapest available apartment rental in Miami, FL is a 1 Bed unit found at Cutler Vista in the Outer Homestead South Dade neighborhood priced from $780. Santa Clara I in the Miami River neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $814. Here is today’s list of the most affordable Miami apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cutler VistaSenior Apartment1BR,1BA$780
Santa Clara I2 Bedroom2BR,2BA$814
700 Atlantic Shores0 Bedroom 1 Bath - 34768Studio,1BA$930
Coral TerraceStudioStudio,1BA$1,050
Winchester GardensPlan A1BR,1BA$1,053
4th Street Commons4x4 Pool View4BR,4BA$1,079
Cabana Club1 Bedroom1BR,1BA$1,092
Riverwalk I ApartmentsOne Bedroom1BR,1BA$1,109
1555 NE 129 ST NORTH MIAMI FLstudioStudio,1BA$1,150
Sharazad0BR/1.0BAStudio,1BA$1,150

Best Value Apartments for Rent in Miami, FL

As of January 24, 2026 the best value apartment in the Miami area is the $0.83 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 $3,200. The second greatest value Miami apartment is the 47 NW 49th St Model at 47 NW 49th St, Unit 1 starting at $2,500 with a $1.46 price per square foot in the Downtown 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.
1736 SW 9th St, Unit 17381736 SW 9th St3BR,1BA$0.83
47 NW 49th St, Unit 147 NW 49th St2BR,1BA$1.46
45 NW 48th St, Unit 345 NW 48th St1BR,1BA$0.93
47 NW 45th Ave, Unit 247 NW 45th AveStudio ,1BA$0.87
1219 NW 33rd St, Unit 1-Large Bedroom-Office1219 NW 33rd St1BR,1BA$1.21
19 SW 14th St1 BR, 1 Bath1BR,1BA$1.25
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Cutler VistaThree Bedrooms3BR,2BA$1.35
Santa Clara I2 Bedroom2BR,2BA$0.92
4th Street CommonsB5 2X22BR,2BA$1.48

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 Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

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.

Read Article
Decorative image

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
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Miami, FL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Miami, FL

View Map
Miami, FL Apartments Map
View Map
Miami, FL Rental Homes Map

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 13811 Apartments for Rent in Miami, FL with pricing that ranges from $605 to $50,000. There are also 7585 Single Family Homes for rent, Condos, and Townhome rentals currently available in Miami ranging from $750 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 $750 to $100,000 with an average monthly rent of $27,034.

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 $1,278 to $30,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $100,000. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,165.

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

decorative image for The 10 Best Affordable Neighborhoods in Miami, FL article

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.

decorative image for Student Living Made Easy: Great Miami Neighborhoods to Rent Near Campus article

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.

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.

Articles, How-To's, and Tips

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.