Cheap Homes for Rent in Watson Island Neighborhood of Miami, FL from $1,500 (168 Rentals)

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

property at 1441 Lincoln Rd

1441 Lincoln Rd

Miami BeachFL33139
property at 1441 Lincoln Rd

1441 Lincoln Rd

Miami BeachFL33139
property at 1250 West Ave

1250 West Ave

Miami BeachFL33139

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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property at 1335 15th St

1335 15th St

Miami BeachFL33139
property at 751 SW 10th St

751 SW 10th St

MiamiFL33130
property at 1300 Lincoln Rd

1300 Lincoln Rd

Miami BeachFL33139
property at 444 SW 4th St

444 SW 4th St

MiamiFL33130

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1662 Lincoln Ct

1662 Lincoln Ct

Miami BeachFL33139

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Miami's Best Affordable Neighborhoods

Learn about Miami and the best places to live with original content written by our Miami, FL Local Expert Kelly Reising

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property at 445 SW 11th St

445 SW 11th St

MiamiFL33130
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 Studio unit found at Newly Renovated Community priced from $1,302. 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
Newly Renovated Community0BR/1.0BAStudio,1BA$1,302
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
237 NW 30th St1x11BR,1BA$1,500
Camelot CourtStudioStudio,1BA$1,600
555 SW 4Th ST1BR/1.0BA1BR,1BA$1,780
Opera TowerStudioStudio,1BA$1,800
Pacific Ocean Partners LLC1BR/1.0BA1BR,1BA$1,850

Best Value Apartments for Rent in Watson Island, FL

As of May 28, 2025 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 in the Miami Riverwalk neighborhood starting from $3,500. 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.
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
999 Brickell Bay Dr, Unit 1510999 Brickell Bay Dr2BR,2BA$2.46
153 NW 35th St, Unit 1153 NW 35th St3BR,1BA$2.20
Porta di Oro Apartments2 Bedrooms/2 baths2BR,2BA$2.47
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
i5 Wynwood Co-LivingRent-By-Bedroom | C11BR,1BA$1.60
Otto - Co-Living ApartmentsPrivate Room in Two Bed Two Bath1BR,1BA$1.90
Aerie - Co-Living ApartmentsPrivate Bedroom in Shared 2Bd Apartment1BR,1BA$1.67
237 NW 30th St1x11BR,1BA$2.50

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Watson Island

What type of rentals are currently available in Watson Island?

There are currently 1323 Apartments for Rent in Watson Island, FL with pricing that ranges from $800 to $50,000. There are also 1764 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 $35,358.

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 $23,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $40,000. Four Bedroom Single-Family rentals are also available starting from $3,500 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 The Art of the Rental Viewing: What to look for during a property tour article

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.