
Cheap Apartments for Rent in the Miami Central Business District Miami, FL from $723 (200 Rentals)
Search the lowest-cost Apartments available for rent right now in the Miami Central Business District area of Miami.


Aerie Apartments

1300 S Miami Ave, Unit 1207

Gallery on the River

940 SW 4th St

New Arena Square Apartments

Miami Central

730 SW 10th St

453 SW 19th Rd

Total Monthly Price
240 NW 8th Ave, Unit 2
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.

Miami Station

529 SW 3rd St

1150 NW 1st Pl

Iroquois

542 SW 3rd St

Total Monthly Price
Villa Sonia

1533 NW 2nd Ave

320 SW 4th Ave

928 SW 3rd St

Culmer Place
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.

Total Monthly Price
1159 NW 8 AVE

1600 NW 4th Ave

444-542 SW 3rd St

Grand Station

600 SW 9th Ave

125 NW 7th Ave

Total Monthly Price
835 NW 3rd St, Unit 837

101 E Flagler St, Unit 607

940 SW 4th Ave

636 SW 8th Ave
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.

777 NW 1st St, Unit 1103

777 SW 9th Ave

Total Monthly Price
Arte Grand Central

Total Monthly Price
Excel Miami

Avenu Heights

1315 NE Miami Court

650 SW 1st St

Total Monthly Price
Villa Sara

Total Monthly Price
1025 SW 6th Ave, Unit #6

765 NW 1st St
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.

427 SW 6th St

Total Monthly Price
910 SW 4th Ave

CMPND Miami

405 NW 6th St, Unit A

Atlantic Square

141 NE 2nd St, Unit 900

541 SW 7th St

Parkview Apartments

253 NE 2nd St

801 Brickell Bay Dr
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 Central Business District, Miami, FL Local Guide

How much does it cost to rent an apartment in Miami Central Business District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Miami Central Business District Studio Apartments | $2,565 | $1,300 | $9,771 |
| Miami Central Business District 1 Bedroom Apartments | $3,223 | $1,201 | $10,000+ |
| Miami Central Business District 2 Bedroom Apartments | $4,238 | $1,660 | $10,000+ |
| Miami Central Business District 3 Bedroom Apartments | $5,782 | $1,050 | $10,000+ |
| Miami Central Business District 4 Bedroom Apartments | $7,848 | $5,250 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 200 rentals with your search options within a 1 mile radius of the Miami Central Business District Neighborhood of Miami, FL.
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Miami Central Business District, Miami, FL Local Guide
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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 3 Beds unit found at Otto Apartments priced from $1,050. Aerie Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,175. Here are the most affordable Miami Central Business District apartments for rent in Miami, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Otto Apartments | 3/3 | 3BR,3BA | $1,050 |
| Aerie Apartments | 3/3 | 3BR,3BA | $1,175 |
| New Arena Square Apartments | Studio | Studio,1BA | $1,323 |
| Manhattan II | MC-A | 1BR,1BA | $1,375 |
| 448-458 NW 7th St | MC-A | 1BR,1BA | $1,375 |
| Miami Central Apartments | MC-A | 1BR,1BA | $1,375 |
| Miami Central | MC-A | 1BR,1BA | $1,375 |
| 467-469 NW 8th St | 0BR/1.0BA | Studio,1BA | $1,399 |
| Miami Station | 1 Bedroom/1 Bath | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Miami Central Business District, FL
As of August 31, 2026 the best value apartment in the Miami Central Business District area is the $1.52 price per square foot 740 SW 9th St Model at 740 SW 9th St, Unit 1 in the in the Miami Riverwalk neighborhood starting from $3,500. The second greatest value Miami Central Business District apartment is the 2 Bedroom Model at 133 NE 2nd Ave Unit 3206 starting at $3,200 with a $2.55 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 740 SW 9th St, Unit 1 | 740 SW 9th St | 1BR,1BA | $1.52 |
| 133 NE 2nd Ave Unit 3206 | 2 Bedroom | 2BR,2BA | $2.55 |
| Brickell West City Rentals | B2 | 2BR,2BA | $2.53 |
| 835 NW 3rd St, Unit 837 | 835 NW 3rd St | 1BR,1BA | $1.80 |
| 409 SW 8th Ave | 409 SW - B - 02, 03, 06, 07, 10, 11, 15, 16 | 2BR,1BA | $2.17 |
| Manhattan II | MC-A | 1BR,1BA | $1.87 |
| Iroquois | 2 Bed x 1 Bath | 2BR,1BA | $2.50 |
| Aerie Apartments | 3/3 | 3BR,3BA | $1.71 |
| Otto Apartments | 3/3 | 3BR,3BA | $1.55 |
| Miami Station | 1 Bedroom/1 Bath | 1BR,1BA | $2.50 |
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.
Pet Friendly LifestyleMiami Central Business District, Miami, FL
Ranked #6
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,500.
What is the price of a cheap apartment in Miami Central Business District?
The cheapest apartment in Miami Central Business District is Miami Central which is listed at $1,375, while the average apartment in Miami Central Business District costs $2,951.
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 43 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 $294 which is $2,657 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

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.