Cheap Homes for Rent in Watson Island Neighborhood of Miami, FL from $1,500 (227 Rentals)

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

property at 501 SW 1st St

$1,650 - $2,050

1 To 2 Bedroom Rentals

Available Now

501 SW 1st St

MiamiFL33130
property at 1441 Lincoln Rd

$1,695 - $2,395

Studio To 1 Bedroom Rentals

Available Now

1441 Lincoln Rd

Miami BeachFL33139
property at 634 SW 10th St

$1,775

1 Bedroom, 1 Bath Condo for Rent

Available Now

634 SW 10th St

MiamiFL33130

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.

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property at 650 SW 1st St

$1,892 - $2,723

Studio To 2 Bedroom Rentals

Available Now

650 SW 1st St

MiamiFL33130

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.

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property at 644 SW 10th St

$1,975

2 Bedroom, 1 Bath Condo for Rent

Available Now

644 SW 10th St

MiamiFL33130

Miami Unfiltered: A Born-and-Raised Local Experts Guide to Where Locals Love to Live

Miami is huge! Explore the best places to live, from booming Miami Gardens and North Miami to trendy Brickell and Little Havana, with a true local's expert advice.

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property at 740 SW 9th St

$2,000

Studio, 1 Bath Home for Rent

Available Now

740 SW 9th St

MiamiFL33130

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 5

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 Father Marquess - Barry Apartments priced from $1,274. Sawyer’s Walk has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,333. Here are the most affordable Watson Island apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Father Marquess - Barry Apartments1/1 Bedroom1BR,1BA$1,274
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
Discover Comfort and Convenience in Our 1-Bedroom Apartment1BR/1.0BA1BR,1BA$1,350
15 PLEX Property1BR/1.0BA1BR,1BA$1,475
Miami Central1 Bedroom 5601BR,1BA$1,499
542 SW 3rd StStudioStudio,1BA$1,600
Sophisticated Living: Efficient Design2BR/1.0BA2BR,1BA$1,675

Best Value Apartments for Rent in Watson Island, FL

As of December 21, 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 137 NW 30th St Model at 137 NW 30th St, Unit C1 starting at $3,250 with a $2.51 price per square foot in the Downtown Miami 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
137 NW 30th St, Unit C1137 NW 30th St2BR,2BA$2.51
528 SW 6th St2 Bedroom 1 Bathroom2BR,1BA$2.15
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Father Marquess - Barry Apartments2/2 Bedroom2BR,2BA$1.56
241 NE 27th St, Unit A1241 NE 27th St1BR,1BA$2.47
1838 NW 1st Pl, Unit 21838 NW 1st Pl1BR,1BA$1.56
Otto ApartmentsPrivate Room in Two Bed Two Bath1BR,1BA$1.80
Pacific Ocean Partners LLC1BR/1.0BA1BR,1BA$2.42
Aerie ApartmentsPrivate Bedroom in Shared 2Bd Apartment1BR,1BA$2.02

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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

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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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

Frequently Asked Questions about Watson Island

What type of rentals are currently available in Watson Island?

There are currently 1362 Apartments for Rent in Watson Island, FL with pricing that ranges from $950 to $50,000. There are also 1528 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Island ranging from $1,500 to $100,000.

What is the current price range for Rental Homes in Watson Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Watson Island ranges from $1,500 to $100,000 with an average monthly rent of $41,117.

How much are larger Three and Four Bedroom Rentals in Watson Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Watson Island range from $1,700 to $17,566, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $48,000. Four Bedroom Single-Family rentals are also available starting from $2,850 and Four Bedroom Apartments start at $5,989.

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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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.

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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.

decorative image for Miami Unfiltered: A Born-and-Raised Guide to Where Locals Love to Live article

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.

Articles, How-To's, and Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.