Cheap Homes for Rent in Watson Island Neighborhood of Miami, FL from $1,400 (222 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 143 SW 9th St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

Studio, 1 Bath Condo for Rent

Available May 15

143 SW 9th St, Unit 310, Unit 310

143 SW 9th St
MiamiFL33130
property at 777 NW 1st St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

Studio, 1 Bath Condo for Rent

Available Now

777 NW 1st St, Unit 1103, Unit 1103

777 NW 1st St
MiamiFL33128
property at 617 SW 11th St

$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

617 SW 11th St

MiamiFL33129

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 253 NE 2nd St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

Studio, 1 Bath Condo for Rent

Available May 15

253 NE 2nd St, Unit 222, Unit 222

253 NE 2nd St
MiamiFL33132
property at 437 SW 7th St

$1,900 - $1,950

1 To 2 Bedroom Rentals

Available Now

437 SW 7th St

MiamiFL33130
property at 253 NE 2nd St

$1,900 - $4,700

Studio To 3 Bedroom Rentals

Available Now

253 NE 2nd St

MiamiFL33132
property at 109 NW 6th Ave

$1,950 - $2,200

2 Bedroom Rentals

Available Now

109 NW 6th Ave

MiamiFL33128

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.

Read Article
property at 1750 N Bayshore Dr

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available May 18

1750 N Bayshore Dr, Unit 3007, Unit 3007

1750 N Bayshore Dr
MiamiFL33132

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.

Read Article
property at 234 NE 3rd St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

234 NE 3rd St, Unit 705, Unit 705

234 NE 3rd St
MiamiFL33132

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.

Read Article
property at 530 SW 10th St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

2 Bedroom, 1 Bath Condo for Rent

Available Now

530 SW 10th St, Unit 3B, Unit 3B

530 SW 10th St
MiamiFL33130

Where to Live in Miami When You're Not a Tourist: A Miami Expert's Guide to the Top Neighborhoods Near Major Employers

Moving to Miami for work? Skip South Beach. Get the insider's guide to the best non-touristy neighborhoods, short commutes, and traffic-beating shortcuts for professionals.

Read Article
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 3 Beds unit found at Courtside Apartments II priced from $837. New Arena Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Watson Island apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Courtside Apartments II3 Bedroom 2 Bath3BR,2BA$837
New Arena Square Apartments1Bed 1Bath1BR,1BA$950
Aerie Apartments3/23BR,2BA$1,070
1718 NW 2nd Ct1 bedroom1BR,1BA$1,095
Father Marquess - Barry Apartments1/1 Bedroom1BR,1BA$1,274
Miami CentralMC-A1BR,1BA$1,399
Miami Central ApartmentsMC-A1BR,1BA$1,399

Best Value Apartments for Rent in Watson Island, FL

As of May 08, 2026 the best value apartment in the Watson Island area is the $0.18 price per square foot 1 bedroom Model at 1718 NW 2nd Ct in the in the Downtown Miami neighborhood starting from $1,095. The second greatest value Watson Island apartment is the 186 NW 13th St Model at 186 NW 13th St, Unit B2 starting at $2,900 with a $1.53 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.
1718 NW 2nd Ct1 bedroom1BR,1BA$0.18
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
Father Marquess - Barry Apartments1/1 Bedroom1BR,1BA$1.30
Courtside Apartments II2 Bedroom 2 Bath2BR,2BA$1.94
Newly Renovated Community Invigorating Miami's Downtown Urban Core!2BR/1.0BA2BR,1BA$2.09
Aerie Apartments3/23BR,2BA$1.45
New Arena Square Apartments1Bed 1Bath1BR,1BA$1.29
Manhattan IIMC-A1BR,1BA$1.90
742 NW 5th Ave, Unit Apartment 1742 NW 5th Ave1BR,1BA$1.57
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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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

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 1301 Apartments for Rent in Watson Island, FL with pricing that ranges from $837 to $50,000. There are also 1561 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Island ranging from $1,450 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 $1,450 to $100,000 with an average monthly rent of $31,854.

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 $837 to $26,943, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,450 to $40,000. Four Bedroom Single-Family rentals are also available starting from $3,750 and Four Bedroom Apartments start at $6,019.

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

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 Student Living Made Easy: Great Miami Neighborhoods to Rent Near Campus article

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.

decorative image for Where to Live in Miami When You're Not a Tourist article

Where to Live in Miami When You're Not a Tourist

Written by: Allaire Williams

Let's be real - most Miami guides are written for people who think living here means South Beach penthouses and rooftop parties every night. But if you're moving here for work (not Instagram content), you need the real deal.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.