
Cheap Homes for Rent in Watson Island Neighborhood of Miami, FL from $1,200 (137 Rentals)
Search the lowest-cost Homes available for rent right now in the Watson Island area of Miami.


546 SW 1st St, Unit 607

1200 Brickell Bay Dr, Unit 2803

137 Ave SW 8 ST Southwest 8th St

655 SW 19th Rd

3333 NW 5th Ave

428 SW 9th St

1710 NW 1st Ct, Unit 13

134 SW 7th Ave

483 NW 19th St
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.

734 SW 4th St

2300 SW 3rd Ave

1315 NE Miami Ct

450 SW 3rd St, Unit 11

777 NW 1st St, Unit 1103

229 NW 30th St, Unit S12

999 Brickell Bay Dr

413 NW 6th St, Unit A

150 SW 10th St, Unit 3

437 SW 7th St
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.

520 NE 38th St

3401 NW 1st Ave, Unit S30

36 NW 32nd St, Unit B02

650 SW 1st St

1930 NW 1st Pl, Unit S13

617 SW 11th St

617 SW 11th St, Unit 14

51 SW 11th St

141 NE 2nd St

244 Biscayne Blvd, Unit 3305
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.

151 SE 1st St, Unit 506

60 NW 31st St, Unit S18

138 NE 23rd St, Unit B1

105 NE 25th St, Unit S2

1940 NW 2nd Ct, Unit S1

218 NW 34th St, Unit S4

353 NW 32nd St, Unit S5

275 NW 26th St, Unit S1

234 NE 3rd St

30 NW 31st St, Unit S1
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.

102 NW 30th St, Unit B2

153 NW 31st St, Unit S

275 NE 18th St

133 NE 2nd Ave, Unit 911

101 E Flagler St, Unit 707

1430 Brickell Bay Dr

850 N Miami Ave

525 SW 4th Ave, Unit S1

390 NW 27th St, Unit S2

111 E Flagler St, Unit 706
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.
Watson Island, Miami, FL Local Guide

How much does it cost to rent a home in Watson Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Watson Island 2 Bedroom Homes for Rent | $5,120 | $1,800 | $10,000+ |
| Watson Island 3 Bedroom Homes for Rent | $9,301 | $1,200 | $10,000+ |
| Watson Island 4 Bedroom Homes for Rent | $23,234 | $4,200 | $10,000+ |
| Watson Island 5 Bedroom Homes for Rent | $53,990 | $10,000 | $10,000+ |
| Watson Island 6 Bedroom Homes for Rent | $72,142 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 137 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 1 Bed unit found at New Arena Square Apartments priced from $950. 1718 NW 2nd Ct has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable Watson Island apartments for rent in Miami, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Arena Square Apartments | 1Bed 1Bath | 1BR,1BA | $950 |
| 1718 NW 2nd Ct | 1 bedroom | 1BR,1BA | $1,195 |
| Casa Mariana | 1/1 | 1BR,1BA | $1,200 |
| Sawyer’s Walk | Two Bedroom | 2BR,2BA | $1,333 |
| 160 NW 11th Ter | 1BR/1.0BA | 1BR,1BA | $1,350 |
| 542 SW 3rd St | Studio | Studio,1BA | $1,395 |
| Miami Central | MC-A | 1BR,1BA | $1,400 |
| Miami Central Apartments | MC-A | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Watson Island, FL
As of March 23, 2026 the best value apartment in the Watson Island area is the $0.20 price per square foot 1 bedroom Model at 1718 NW 2nd Ct in the in the Downtown Miami neighborhood starting from $1,195. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1718 NW 2nd Ct | 1 bedroom | 1BR,1BA | $0.20 |
| 186 NW 13th St, Unit B2 | 186 NW 13th St | 2BR,2BA | $1.53 |
| Casa Mariana | 1/1 | 1BR,1BA | $1.20 |
| Sawyer’s Walk | Two Bedroom | 2BR,2BA | $1.33 |
| 529 SW 4th St | 2BR/1.0BA | 2BR,1BA | $2.10 |
| 241 NE 27th St, Unit A1 | 241 NE 27th St | 1BR,1BA | $2.47 |
| 1540 NW 1st Ct | 2BR/1.0BA | 2BR,1BA | $2.09 |
| 535 SW 4th St, Unit 1 | 535 SW 4th St | Studio ,1BA | $1.65 |
| Manhattan II | MC-A | 1BR,1BA | $1.90 |
| New Arena Square Apartments | 1Bed 1Bath | 1BR,1BA | $1.29 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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 ArticleStudent 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 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
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Frequently Asked Questions about Watson Island
What type of rentals are currently available in Watson Island?
There are currently 1342 Apartments for Rent in Watson Island, FL with pricing that ranges from $950 to $50,000. There are also 1484 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Island ranging from $1,200 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 $1,200 to $100,000 with an average monthly rent of $33,732.
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 $1,070 to $19,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $40,000. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $1,070.
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

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.

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.

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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.