Cheap Apartments for Rent in the Miami Central Business District Miami, FL from $400 (87 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Miami Central Business District area of Miami.

property at 625 SW 5th Ave

$1,400 - $1,500

1 Bedroom Rentals

Available Now

625 SW 5th Ave

MiamiFL33130

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.

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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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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.

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property at 365 NW 8th St

$1,650 - $2,000

1 To 2 Bedroom Rentals

Available Now

365 NW 8th St

MiamiFL33136
property at 501 SW 6th Ct

$1,550 - $1,650

1 Bedroom Rentals

Available Now

501 SW 6th Ct

MiamiFL33130

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 458 SW 9th St

$1,800 - $2,200

1 To 2 Bedroom Rentals

Available Now

458 SW 9th St

MiamiFL33130

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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Miami Central Business District, Miami, FL Local Guide

Cheapest Available Miami Central Business District Apartments for Rent

 

The cheapest available apartment rental in the Miami Central Business District area of Miami, FL is a 2 Beds unit found at Sawyer’s Walk priced from $1,333. Discover Comfort and Convenience in Our 1-Bedroom Apartment has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here are the most affordable Miami Central Business District apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
Discover Comfort and Convenience in Our 1-Bedroom Apartment1BR/1.0BA1BR,1BA$1,350
Sophisticated Living: Efficient Design2BR/1.0BA2BR,1BA$1,450
15 PLEX Property1BR/1.0BA1BR,1BA$1,475
Miami Central1 Bedroom 5601BR,1BA$1,500
542 SW 3rd StStudioStudio,1BA$1,600
Studios on 3rdFStudio,1BA$1,700
1315 NE Miami CourtRenovated 1 BDR + WD1BR,1BA$1,850

Best Value Apartments for Rent in Miami Central Business District, FL

As of January 13, 2026 the best value apartment in the Miami Central Business District area is the $1.53 price per square foot 186 NW 13th St Model at 186 NW 13th St, Unit B2 in the in the Downtown Miami neighborhood starting from $2,900. The second greatest value Miami Central Business District apartment is the 44 W Flagler St Model at 44 W Flagler St, Unit D 3007 starting at $3,150 with a $2.65 price per square foot in the Miami Riverwalk neighborhood. Here is today’s list of the best values for Miami Central Business District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
44 W Flagler St, Unit D 300744 W Flagler St2BR,2BA$2.65
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
528 SW 6th St2 Bedroom 1 Bathroom2BR,1BA$2.15
Parkview ApartmentsA1BR,1BA$2.16
Brickell West City RentalsA21BR,1BA$2.64
Otto ApartmentsPrivate Room in Two Bed Two Bath1BR,1BA$1.80
546 SW 1st St, Unit 501546 SW 1st St1BR,1BA$2.75
Aerie ApartmentsPrivate Bedroom in Shared 2Bd Apartment1BR,1BA$2.02
Sophisticated Living: Efficient Design2BR/1.0BA2BR,1BA$2.60

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.

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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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Pet Friendly Lifestyle
Miami Central Business District, Miami, FL

Ranked #10

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Miami Central Business District, Miami, FL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Eastern Miami. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, features that make it easier to raise kids, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Miami Central Business District Apartments

What is a cheap apartment in Miami Central Business District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Miami Central Business District is under $1,850.

What is the price of a cheap apartment in Miami Central Business District?

The cheapest apartment in Miami Central Business District is Discover Comfort and Convenience in Our 1-Bedroom Apartment which is listed at $1,350, while the average apartment in Miami Central Business District costs $8,790.

What types of apartments are the cheapest in Miami Central Business District?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 32 regular apartments in Miami Central Business District that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Miami Central Business District?

Cheap apartments in Miami Central Business District have an average cost of $228 which is $8,562 cheaper than the average rent for all rentals in Miami Central Business District.

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

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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!