Cheap Apartments for Rent in the Watson Island Neighborhood of Miami, FL from $700 (117 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

274 NW 32nd St

MiamiFL33127
property at 600 SW 10th St

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property at 501 SW 6th Ct

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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 2 Beds unit found at Sawyer’s Walk priced from $1,333. Discover Comfort and Convenience has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here are the most affordable Watson Island apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
Discover Comfort and Convenience1BR/1.0BA1BR,1BA$1,350
Sophisticated Living: Efficient Design2BR/1.0BA2BR,1BA$1,450
Miami Central1 Bedroom1BR,1BA$1,499
Newly Renovated Community1BR/1.0BA1BR,1BA$1,500
15 PLEX Property1BR/1.0BA1BR,1BA$1,500
542 SW 3rd StStudioStudio,1BA$1,600
1950 NW 2nd Ct1BD/1BA1BR,1BA$1,650
1955 NW 2nd Ct1BD1BR,1BA$1,700

Best Value Apartments for Rent in Watson Island, FL

As of November 12, 2025 the best value apartment in the Watson Island 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 Watson Island apartment is the 999 Brickell Bay Dr Model at 999 Brickell Bay Dr, Unit 1510 starting at $3,200 with a $2.46 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.
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
999 Brickell Bay Dr, Unit 1510999 Brickell Bay Dr2BR,2BA$2.46
137 NW 30th St, Unit C1137 NW 30th St2BR,2BA$2.51
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
i5 Wynwood Co-LivingRent-By-Bedroom | C11BR,1BA$1.63
241 NE 27th St, Unit A1241 NE 27th St1BR,1BA$2.47
Newly Renovated Community1BR/1.0BA1BR,1BA$2.14
Otto ApartmentsPrivate Room in Three Bed Three Bath1BR,1BA$1.80
Aerie ApartmentsPrivate Bedroom in Shared 2Bd Apartment1BR,1BA$2.27
410 NW 36th St, Unit 4410 NW 36th St1BR,1BA$2.60

Apartment Common Area Rules: What Renters Need to Know

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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

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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
Watson Island, Miami, FL

Ranked #3

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
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 $1,700.

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

The cheapest apartment in Watson Island is Discover Comfort and Convenience which is listed at $1,350, while the average apartment in Watson Island costs $18,755.

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 151 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 $352 which is $18,403 cheaper than the average rent for all rentals in Watson Island.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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

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Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

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