
Cheap Apartments for Rent in the Miami Riverwalk Neighborhood of Miami, FL from $700 (238 Rentals)
Search the lowest-cost Apartments available for rent right now in the Miami Riverwalk area of Miami.


Aerie Apartments

Gallery on the River

Culmer Place

Miami Central

Miami Station

453 SW 19th Rd

730 SW 10th St

Total Monthly Price
240 NW 8th Ave, Unit 2

Iroquois
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

542 SW 3rd St

677 SW 9th Ave, Unit 677 Sw 9th Ave Miami FL 33130 111

Grand Station

Total Monthly Price
430 NW 9th Ave, Unit 3

600 SW 9th Ave

Ram Miami River South Apartments

940 SW 4th Ave

777 NW 1st St, Unit 1103

677 SW 9th Ave

Avenu Heights
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.

650 SW 1st St

101 E Flagler St, Unit 607

1200 Brickell Bay Dr, Unit 2803

141 NE 2nd St, Unit 900

Atlantic Square

Total Monthly Price
Arte Grand Central

221 SW 9th Ave

541 SW 7th St

Total Monthly Price
221 SW 9th Ave, Unit 2

253 NE 2nd St
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.

427 SW 6th St

Total Monthly Price
910 SW 4th Ave, Unit 3

36 NE 1st St, Unit 1720

Park Place by the Bay

405 NW 6th St, Unit A

Sawyer’s Walk

Downtown 5th

634 SW 2nd St

Total Monthly Price
212 SW 5th Ave, Unit S1

Vista del Rio Apartments
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.

Villa Sara

133 NE 2nd Ave, Unit 210

932 SW 6th St

133 NE 2nd Ave, Unit 1710

845 NW 3rd St

CMPND Miami

470 SW 7th St

905 Brickell Bay Dr

445 SW 11th St

133 NE 2nd Ave, Unit 415
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 Riverwalk, Miami, FL Local Guide

How much does it cost to rent an apartment in Miami Riverwalk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Miami Riverwalk Studio Apartments | $2,712 | $1,361 | $6,300 |
| Miami Riverwalk 1 Bedroom Apartments | $3,498 | $1,201 | $10,000+ |
| Miami Riverwalk 2 Bedroom Apartments | $4,495 | $1,275 | $10,000+ |
| Miami Riverwalk 3 Bedroom Apartments | $6,206 | $1,175 | $10,000+ |
| Miami Riverwalk 4 Bedroom Apartments | $7,716 | $6,019 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 238 rentals with your search options within a 1 mile radius of the Miami Riverwalk Neighborhood of Miami, FL.
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Miami Riverwalk, Miami, FL Local Guide
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Cheapest Available Miami Riverwalk Apartments for Rent
 The cheapest available apartment rental in the Miami Riverwalk area of Miami, FL is a 3 Beds unit found at Aerie Apartments priced from $1,175. Otto Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,175. Here are the most affordable Miami Riverwalk apartments for rent in Miami, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aerie Apartments | 3/3 | 3BR,3BA | $1,175 |
| Otto Apartments | 3/3 | 3BR,3BA | $1,175 |
| Culmer Place | Studio | Studio,1BA | $1,361 |
| Miami Central | MC-A | 1BR,1BA | $1,399 |
| Miami Central Apartments | MC-A | 1BR,1BA | $1,399 |
| Manhattan II | MC-A | 1BR,1BA | $1,399 |
| 448-458 NW 7th St | MC-A | 1BR,1BA | $1,399 |
| Miami Station | 1 Bedroom/1 Bath | 1BR,1BA | $1,400 |
| 15 PLEX Property | 1BR/1.0BA | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Miami Riverwalk, FL
As of July 10, 2026 the best value apartment in the Miami Riverwalk 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 Riverwalk apartment is the 2 Bedroom 1 Bathroom Model at 528 SW 6th St starting at $2,150 with a $2.15 price per square foot in the Miami Riverwalk neighborhood. Here is today’s list of the best values for Miami Riverwalk 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 |
| 528 SW 6th St | 2 Bedroom 1 Bathroom | 2BR,1BA | $2.15 |
| 221 SW 9th Ave, Unit Unit 2 | 221 SW 9th Ave | 2BR,1BA | $2.35 |
| 430 NW 9th Ave, Unit 3 | 430 NW 9th Ave | 2BR,1BA | $2.18 |
| Otto Apartments | 3/3 | 3BR,3BA | $1.57 |
| Ram Miami River South Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.41 |
| Manhattan II | MC-A | 1BR,1BA | $1.90 |
| Iroquois | 2 Bed x 1 Bath | 2BR,1BA | $2.50 |
| Aerie Apartments | 2/2 | 2BR,2BA | $1.96 |
| Miami Station | 1 Bedroom/1 Bath | 1BR,1BA | $2.33 |
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.
Best Local Schools in Miami Riverwalk, Miami, FL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com is happy to bring you Lifestyle Ratings of rentals in areas across the United States and customized analysis for Eastern Miami, FL. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Miami Riverwalk Apartments
What is a cheap apartment in Miami Riverwalk?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Miami Riverwalk is under $1,500.
What is the price of a cheap apartment in Miami Riverwalk?
The cheapest apartment in Miami Riverwalk is Miami Central which is listed at $1,399, while the average apartment in Miami Riverwalk costs $6,019.
What types of apartments are the cheapest in Miami Riverwalk?
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 53 regular apartments in Miami Riverwalk 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 Riverwalk?
Cheap apartments in Miami Riverwalk have an average cost of $385 which is $5,634 cheaper than the average rent for all rentals in Miami Riverwalk.
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

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.

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.

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.

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.
Articles, How-To's, and Tips

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.