Cheap Apartments for Rent in the Watson Island Neighborhood of Miami, FL from $700 (87 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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910 SW 4th Ave, Unit 3
$2,000
Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000
2 Bedroom Apartment Available Now

910 SW 4th Ave, Unit 3

910 SW 4th AveMiami, FL 33130
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1212 NW 1 Pl
1 to 3 Bedroom Apartments

1212 NW 1 Pl

1212 NW 1 PlMiami, FL 33136
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2211 SW 3rd Ave
Studio to 1 Bedroom Apartments

2211 SW 3rd Ave

2211 SW 3rd AveMiami, FL 33129
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Temple Court
Studio to 1 Bedroom Apartments

Temple Court

431-453 NW 3rd StMiami, FL 33128
Senior Living
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Labre Place
Studio to 1 Bedroom Apartments

Labre Place

350 NW 4th StMiami, FL 33128
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540 NW 7th St
Studio to 2 Bedroom Apartments

540 NW 7th St

540 NW 7th StMiami, FL 33136
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1718 NW 2nd Ct
1 Bedroom Apartments

1718 NW 2nd Ct

1718 NW 2nd CtMiami, FL 33136
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1540 NW 1st Ct
Studio to 3 Bedroom Apartments

1540 NW 1st Ct

1540 NW 1st CtMiami, FL 33136
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Audy Apartments
1 Bedroom Apartments

Audy Apartments

601 NE 22nd StMiami, FL 33137
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St. John Plaza
Studio to 3 Bedroom Apartments

St. John Plaza

1301 NW 3rd AveMiami, FL 33136
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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.

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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 1 Bed unit found at New Arena Square Apartments priced from $950. 1540 NW 1st Ct has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable Watson Island apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
New Arena Square Apartments1Bed 1Bath1BR,1BA$950
1540 NW 1st Ct0BR/1.0BAStudio,1BA$1,150
Otto Apartments3/33BR,3BA$1,175
Culmer PlaceStudioStudio,1BA$1,361
Manhattan IIMC-A1BR,1BA$1,399
448-458 NW 7th StMC-A1BR,1BA$1,399
Miami CentralMC-A1BR,1BA$1,399
Miami Central ApartmentsMC-A1BR,1BA$1,399

Best Value Apartments for Rent in Watson Island, FL

As of June 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 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 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 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
Porta di Oro Apartments2 Bedrooms/2 baths2BR,2BA$2.38
528 SW 6th St2 Bedroom 1 Bathroom2BR,1BA$2.15
241 NE 27th St, Unit A1241 NE 27th St1BR,1BA$2.47
Brickell West City RentalsA21BR,1BA$2.57
Otto Apartments3/33BR,3BA$1.57
New Arena Square Apartments1Bed 1Bath1BR,1BA$1.29
Manhattan IIMC-A1BR,1BA$1.90
Miami Station1 Bedroom/1 Bath1BR,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.

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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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Real 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.

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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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Best Local Schools in
Watson Island, Miami, FL

School data provided by Great Schools

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 $1,399.

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

The cheapest apartment in Watson Island is New Arena Square Apartments which is listed at $950, while the average apartment in Watson Island costs $19,364.

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 51 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 $281 which is $19,083 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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