Cheap Apartments for Rent in the Watson Island Neighborhood of Miami, FL from $723 (114 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Watson Island area of Miami.

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property at 274 NW 32nd St
$1,450
Studio Rentals
Available Now
Affordability

274 NW 32nd St

MiamiFL33127
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Villa Sonia
Rent Specials
$1,600 - $1,800

Total Monthly Price

Base Rent$1,600 - $1,800

Total Monthly Price$1,600 - $1,800
1 Bedroom Apartments Available Now

Villa Sonia

340 SW 5th AveMiami, FL 33130
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property at 215 NE 27th St
$1,800 - $3,500
1 To 2 Bedroom Rentals
Available Now
Affordability

215 NE 27th St

MiamiFL33137
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Arte Grand Central
Rent Specials
$1,822 - $4,207

Total Monthly Price

Base Rent$1,822 - $4,207

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Arte Grand Central

218 NW 8th StMiami, FL 33136
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Excel Miami
Rent Specials
$1,845 - $4,525

Total Monthly Price

Base Rent$1,845 - $4,525

Total Monthly Price$1,845 - $4,525
Studio to 2 Bedroom Apartments Available Oct 5

Excel Miami

1550 NE Miami PlMiami, FL 33132
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WN32
$1,895 - $2,595

Total Monthly Price

Base Rent$1,895 - $2,595

Total Monthly Price$1,895 - $2,595
Studio to 1 Bedroom Apartments Available Now

WN32

315 NW 32nd StMiami, FL 33127
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Villa Sara
Rent Specials
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
1 Bedroom Apartments Available Now

Villa Sara

433-435 SW 6th StMiami, FL 33130
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property at 141 NE 2nd St
$1,915 - $4,085
Studio To 2 Bedroom Rentals
Available Now
Affordability

141 NE 2nd St

MiamiFL33132

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property at 102 SW 6th Ave
$1,950 - $2,880
1 To 3 Bedroom Rentals
Available Now
Affordability

102 SW 6th Ave

MiamiFL33130
property at 150 SE 3rd Ave
$1,995 - $2,750
1 To 2 Bedroom Rentals
Available Now
Affordability

150 SE 3rd Ave

MiamiFL33131

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Watson Island, Miami, FL Local Guide

Cheapest Available Watson Island Apartments for Rent

 

The cheapest available apartment rental in the Watson Island area of Miami, FL is a 3 Beds unit found at Otto Apartments priced from $1,050. 352 NW 11th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Watson Island apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Otto Apartments3/33BR, 3BA$1,050
352 NW 11th St1BR/1.0BA1BR, 1BA$1,300
1540 NW 1st Ct0BR/1.0BAStudio, 1BA$1,302
New Arena Square ApartmentsStudioStudio, 1BA$1,323
590 SW 7th StStudio ApartmentStudio, 1BA$1,350
Miami Station1 Bedroom/1 Bath1BR, 1BA$1,375
467-469 NW 8th St0BR/1.0BAStudio, 1BA$1,399
Miami Central ApartmentsMC-A1BR, 1BA$1,400

Best Value Apartments for Rent in Watson Island, FL

As of September 29, 2026 the best value apartment in the Watson Island area is the $1.52 price per square foot 740 SW 9th St Model at 740 SW 9th St, Unit 1 in the Miami Riverwalk neighborhood starting from $3,500. The second greatest value Watson Island apartment is the 2 Bedroom Model at 133 NE 2nd Ave Unit 3206 in the Miami Riverwalk neighborhood starting at $3,200 with a $2.55 price per square foot. Here is today’s list of the best values for Watson Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
740 SW 9th St, Unit 1740 SW 9th St1BR, 1BA$1.52
133 NE 2nd Ave Unit 32062 Bedroom2BR, 2BA$2.55
Brickell West City RentalsB52BR, 2BA$2.45
Father Marquess - Barry Apartments2/2 Bedroom2BR, 2BA$1.56
241 NE 27th St, Unit A1241 NE 27th St1BR, 1BA$2.47
Otto Apartments3/33BR, 3BA$1.40
Manhattan IIMC-A1BR, 1BA$1.90
Aerie Apartments3/33BR, 3BA$1.57
742 SW 10th St, Unit Aparment new742 SW 10th St2BR, 1BA$2.54
Miami Station1 Bedroom/1 Bath1BR, 1BA$2.29

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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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Student Living Made Easy: Great Miami Neighborhoods to Rent Near Campus

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Miami. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Watson Island Apartments

What is a cheap apartment in Watson Island?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Watson Island is under $1,400.

What is the price of a cheap apartment in Watson Island?

The cheapest apartment in Watson Island is 352 NW 11th St which is listed at $1,300, while the average apartment in Watson Island costs $3,093.

What types of apartments are the cheapest in Watson Island?

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 59 regular apartments in Watson Island 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 Watson Island?

Cheap apartments in Watson Island have an average cost of $228 which is $2,865 cheaper than the average rent for all rentals in Watson Island.

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.

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