Cheap Homes for Rent in Miami, FL from $700 (563 Rentals)

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

property at 13631 SW 136th Pl

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

13631 SW 136th Pl

MiamiFL33186
property at 350 W 34th St

$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

350 W 34th St

HialeahFL33012
property at 570 SW 72nd Ct

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

Studio, 1 Bath Home for Rent

Available Now

570 SW 72nd Ct

MiamiFL33144

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.

property at 14653 SW 145th Ter

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

3 Bedroom, 2 Bath Home for Rent

Available Now

14653 SW 145th Ter

MiamiFL33186

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.

property at 546 SW 1st St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

546 SW 1st St, Unit 607

546 SW 1st St
MiamiFL33130
property at 560 SE 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

560 SE 6th St

HialeahFL33010

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 561 E 62nd St

$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

561 E 62nd St

HialeahFL33013
property at 582 E 18th 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

582 E 18th St

HialeahFL33013
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 B

3010 NW 95th Terrace
MiamiFL33147
property at 6140 SW 156th Ct

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

6140 SW 156th Ct

MiamiFL33193
property at 582 E 18th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

Studio, 1 Bath Home for Rent

Available Now

582 E 18th St

HialeahFL33013

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.

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.

Miami, FL Local Guide

Cheapest Neighborhoods for Apartments in Miami, FL

Pricing Updated: 03/16/2026

Current apartment rentals in the Miami, FL area range in price from $469 to $50,000 with an overall median price of $7,942. The three Miami neighborhoods with the lowest median rent pricing are Opa-Locka at $900, Biscayne South at $1,050, and Rosedale Park at $1,000. 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$1,750$9002
Biscayne South$2,142$1,05057
Rosedale Park$2,150$1,00017
Trojan Park$2,200$1,50010
Southern Estates$2,334$1,01034
University Park$2,344$1,0108
Martinique$2,500$53313
Miramar Isles$2,500$1,2004
Miramar Park$2,500$1,2509
Sunset Westchester$2,600$1,20010

Cheapest Available Miami Apartments for Rent

 

The cheapest available apartment rental in Miami, FL is a 1 Bed unit found at Santa Clara I in the Miami River neighborhood priced from $673. Ram Miami River South Apartments in the Miami Riverwalk neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $813. Here is today’s list of the most affordable Miami apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Clara I1 Bedroom1BR,1BA$673
Ram Miami River South ApartmentsStudio, 1 BathroomStudio,1BA$813
4th Street Commons4x4 Pool View4BR,4BA$1,079
Cutler VistaSenior Apartment1BR,1BA$1,091
Sharazad0BR/1.0BAStudio,1BA$1,150
Plum Apartments3/33BR,3BA$1,150
1718 NW 2nd Ct1 bedroom1BR,1BA$1,195

Best Value Apartments for Rent in Miami, FL

As of March 16, 2026 the best value apartment in the Miami area is the $0.20 price per square foot 1 bedroom Model at 1718 NW 2nd Ct in the in the Downtown Miami neighborhood starting from $1,195. The second greatest value Miami apartment is the 1736 SW 9th St Model at 1736 SW 9th St, Unit 1738 starting at $3,000 with a $0.78 price per square foot in the East Little Havana 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.
1718 NW 2nd Ct1 bedroom1BR,1BA$0.20
1736 SW 9th St, Unit 17381736 SW 9th St3BR,1BA$0.78
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
45 NW 48th St, Unit 345 NW 48th StStudio ,1BA$0.82
4th Street Commons4x4 Pool View4BR,4BA$0.81
Casa Mariana1/11BR,1BA$1.20
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Father Marquess - Barry Apartments2/2 Bedroom2BR,2BA$1.56
Plum Apartments3/33BR,3BA$1.53
Santa Clara I1 Bedroom1BR,1BA$1.11

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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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.

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

Explore Miami, FL Rentals by Map

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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 13573 Apartments for Rent in Miami, FL with pricing that ranges from $469 to $50,000. There are also 6954 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 $28,560.

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 $1,070 to $30,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $67,500. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,070.

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.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.

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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.

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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.