
Cheap Apartments for Rent in the Watson Island Neighborhood of Miami, FL from $723 (114 Rentals)
Search the lowest-cost Apartments available for rent right now in the Watson Island area of Miami.


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261 NW 35th St, Unit 5

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410 NW 36th St, Unit 4

New Arena Square Apartments

267 NW 33rd St

Miami Station

Miami Central

453 SW 19th Rd

1550 NW 1st Ct

Culmer Place
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320 SW 4th Ave

730 SW 10th St

274 NW 32nd St

529 SW 3rd St

1805 NW 2nd Ct

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Villa Sonia

1533 NW 2nd Ave

Camelot Court

1646 NW 1st Pl

558 SW 7th St
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Total Monthly Price
742 SW 10th St, Unit Aparment new

1217 NW 2nd Ave

1600 NW 4th Ave

1315 NE Miami Court

125 NW 7th Ave

361 SW 20th Rd

1815 NW 1st Ct

Opera Tower

215 NE 27th St

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Arte Grand Central
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Excel Miami

561 SW 7th St

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WN32

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Villa Sara

459 SW 4th St

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113 NW 24th St, Unit S1

141 NE 2nd St

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169 NW 26th St, Unit A2

Grand Station

23 Palms
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3422 NW 5th Ave

102 SW 6th Ave

CMPND Miami

Atlantic Square

150 SE 3rd Ave

2 SW 9th St

Total Monthly Price
251 NW 29th St, Unit 207

1 SW 9th St

404 NE 27th St

1680 NW 4th Ave
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Watson Island, Miami, FL Local Guide

How much does it cost to rent an apartment in Watson Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watson Island Studio Apartments | $2,647 | $1,323 | $9,913 |
| Watson Island 1 Bedroom Apartments | $3,286 | $1,201 | $10,000+ |
| Watson Island 2 Bedroom Apartments | $4,387 | $1,600 | $10,000+ |
| Watson Island 3 Bedroom Apartments | $6,468 | $1,050 | $10,000+ |
| Watson Island 4 Bedroom Apartments | $13,240 | $3,750 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 114 rentals with your search options within a 2 mile radius of the Watson Island Neighborhood of Miami, FL.
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Watson Island, Miami, FL Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Otto Apartments | 3/3 | 3BR, 3BA | $1,050 |
| 352 NW 11th St | 1BR/1.0BA | 1BR, 1BA | $1,300 |
| 1540 NW 1st Ct | 0BR/1.0BA | Studio, 1BA | $1,302 |
| New Arena Square Apartments | Studio | Studio, 1BA | $1,323 |
| 590 SW 7th St | Studio Apartment | Studio, 1BA | $1,350 |
| Miami Station | 1 Bedroom/1 Bath | 1BR, 1BA | $1,375 |
| 467-469 NW 8th St | 0BR/1.0BA | Studio, 1BA | $1,399 |
| Miami Central Apartments | MC-A | 1BR, 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 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 | B5 | 2BR, 2BA | $2.45 |
| Father Marquess - Barry Apartments | 2/2 Bedroom | 2BR, 2BA | $1.56 |
| 241 NE 27th St, Unit A1 | 241 NE 27th St | 1BR, 1BA | $2.47 |
| Otto Apartments | 3/3 | 3BR, 3BA | $1.40 |
| Manhattan II | MC-A | 1BR, 1BA | $1.90 |
| Aerie Apartments | 3/3 | 3BR, 3BA | $1.57 |
| 742 SW 10th St, Unit Aparment new | 742 SW 10th St | 2BR, 1BA | $2.54 |
| Miami Station | 1 Bedroom/1 Bath | 1BR, 1BA | $2.29 |
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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 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 $1,400.
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.
Helpful Local Expert Guides

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Articles, How-To's, and Tips

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