Cheap Homes for Rent in Watson Island Neighborhood of Miami, FL from $1,200 (179 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 361 SW 20th Rd

361 SW 20th Rd

MiamiFL33129
property at 501 SW 1st St

501 SW 1st St

MiamiFL33130
property at 218 SW 6th Ave

218 SW 6th Ave

MiamiFL33130
property at 210 SW 11th St

210 SW 11th St

MiamiFL33130
property at 275 NE 18th St

275 NE 18th St

MiamiFL33132
property at 650 SW 1st St

650 SW 1st St

MiamiFL33130
property at 275 NE 18th St

275 NE 18th St

MiamiFL33132
property at 850 N Miami Ave

850 N Miami Ave

MiamiFL33136
Showing Results 1-50, Page 1 of 4

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. Sophisticated Living: Efficient Design has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,450. 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
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
1955 NW 2nd Ct1BD1BR,1BA$1,700
1315 NE Miami CourtRenovated 1 BDR + WD1BR,1BA$1,750

Best Value Apartments for Rent in Watson Island, FL

As of November 03, 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

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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 1369 Apartments for Rent in Watson Island, FL with pricing that ranges from $1,100 to $50,000. There are also 1731 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Island ranging from $1,250 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 $1,250 to $100,000 with an average monthly rent of $41,839.

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 $19,272, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $45,000. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $5,989.

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.

decorative image for The 10 Best Affordable Neighborhoods in Miami, FL article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.