Cheap Homes for Rent in the Watson Island Neighborhood of Miami, FL from $1,500 (141 Rentals)

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

property at 275 NE 18th St

$1,500 - $3,400

1 To 2 Bedroom Rentals

Available Now

275 NE 18th St

MiamiFL33132
property at 652 NW 3rd St

$1,600 - $1,800

1 To 2 Bedroom Rentals

Available Now

652 NW 3rd St

MiamiFL33128
property at 501 SW 1st St

$1,700 - $2,600

1 To 3 Bedroom Rentals

Available Now

501 SW 1st St

MiamiFL33130
property at 600 NE 36th St

$1,800 - $5,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,800 - $5,500

Total Monthly Price
$1,800 - $5,500

1 To 3 Bedroom Condos for Rent

Available Now

600 NE 36th St

MiamiFL33137

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property at 242 SW 4th Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1.5 Bath Home for Rent

Available Now

242 SW 4th Ave, Unit 1

242 SW 4th Ave
MiamiFL33130
property at 101 E Flagler St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

101 E Flagler St, Unit 607

101 E Flagler St
MiamiFL33131
property at 1200 Brickell Bay Dr

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

1 Bedroom, 1 Bath Condo for Rent

Available Now

1200 Brickell Bay Dr, Unit 4019

1200 Brickell Bay Dr
MiamiFL33131
property at 405 NW 6th St

$1,959

Total Monthly Price

Total Monthly Price

Base Rent
$1,959

Total Monthly Price
$1,959

Studio, 1 Bath Condo for Rent

Available Now

405 NW 6th St, Unit A

405 NW 6th St
MiamiFL33136
property at 1940 NW 2nd Ct

$1,985

Total Monthly Price

Total Monthly Price

Base Rent
$1,985

Total Monthly Price
$1,985

Studio, 1 Bath Condo for Rent

Available Now

1940 NW 2nd Ct, Unit S1

1940 NW 2nd Ct
MiamiFL33136

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property at 1300 Lincoln Rd

$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

1300 Lincoln Rd, Unit B402

1300 Lincoln Rd
Miami BeachFL33139
property at 801 Brickell Bay Dr

$2,000 - $5,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,000 - $5,200

Total Monthly Price
$2,000 - $5,200

Studio To 3 Bedroom Condos for Rent

Available Now

property at 253 NE 2nd St

$2,000 - $2,750

Total Monthly Price

Total Monthly Price

Base Rent
$2,000 - $2,750

Total Monthly Price
$2,000 - $2,750

Studio To 1 Bedroom Condos for Rent

Available Now

253 NE 2nd St

MiamiFL33132
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

234 NE 3rd St
MiamiFL33132
property at 740 SW 9th St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio, 1 Bath Home for Rent

Available Now

740 SW 9th St, Unit 2

740 SW 9th St
MiamiFL33130
property at 1200 West Ave

$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 Oct 1

1200 West Ave, Unit 908

1200 West Ave
Miami BeachFL33139
property at 36 NE 1st St

$2,015

Total Monthly Price

Total Monthly Price

Base Rent
$2,015

Total Monthly Price
$2,015

Studio, 1 Bath Condo for Rent

Available Now

36 NE 1st St, Unit 1720

36 NE 1st St
MiamiFL33132

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property at 190 NE 26th St

$2,059

Total Monthly Price

Total Monthly Price

Base Rent
$2,059

Total Monthly Price
$2,059

Studio, 1 Bath Condo for Rent

Available Now

190 NE 26th St, Unit S2

190 NE 26th St
MiamiFL33137
property at 360 NW 24th St

$2,099

Total Monthly Price

Total Monthly Price

Base Rent
$2,099

Total Monthly Price
$2,099

Studio, 1 Bath Condo for Rent

Available Now

360 NW 24th St, Unit S1

360 NW 24th St
MiamiFL33127
property at 133 NE 2nd Ave

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

133 NE 2nd Ave, Unit 1710

133 NE 2nd Ave
MiamiFL33132
property at 10 SW South River Dr

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

10 SW South River Dr, Unit 609

10 SW South River Dr
MiamiFL33130
property at 445 SW 11th St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

445 SW 11th St, Unit 107

445 SW 11th St
MiamiFL33130
property at 36 NW 6th Ave

$2,100 - $2,800

1 To 2 Bedroom Rentals

Available Now

36 NW 6th Ave

MiamiFL33128
property at 244 Biscayne Blvd

$1,950 - $6,500

Studio To 3 Bedroom Rentals

Available Now

244 Biscayne Blvd

MiamiFL33132

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.

property at 91 NW 26th St

$2,199

Total Monthly Price

Total Monthly Price

Base Rent
$2,199

Total Monthly Price
$2,199

1 Bedroom, 1 Bath Condo for Rent

Available Now

91 NW 26th St, Unit S4

91 NW 26th St
MiamiFL33127
property at 1408 Brickell Bay Dr

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

Studio, 1 Bath Condo for Rent

Available Now

1408 Brickell Bay Dr, Unit 613

1408 Brickell Bay Dr
MiamiFL33131
property at 905 Brickell Bay Dr

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

905 Brickell Bay Dr, Unit 623

905 Brickell Bay Dr
MiamiFL33131
property at 999 Brickell Bay Dr

$2,200 - $3,750

Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $3,750

Total Monthly Price
$2,200 - $3,750

Studio To 2 Bedroom Condos for Rent

Available Now

property at 413 NW 6th St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

Studio, 1 Bath Condo for Rent

Available Now

413 NW 6th St, Unit A

413 NW 6th St
MiamiFL33136

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 New Arena Square Apartments priced from $950. Otto Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,125. Here are the most affordable Watson Island apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
New Arena Square Apartments1Bed 1Bath1BR,1BA$950
Otto Apartments3/33BR,3BA$1,125
Aerie Apartments3/33BR,3BA$1,175
Miami CentralStudioStudio,1BA$1,250
Miami Central ApartmentsStudioStudio,1BA$1,250
Manhattan IIStudioStudio,1BA$1,250
448-458 NW 7th StStudioStudio,1BA$1,250
467-469 NW 8th St0BR/1.0BAStudio,1BA$1,399

Best Value Apartments for Rent in Watson Island, FL

As of August 15, 2026 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 2 Bedroom Model at 133 NE 2nd Ave Unit 3206 starting at $3,200 with a $2.55 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.
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
133 NE 2nd Ave Unit 32062 Bedroom2BR,2BA$2.55
Courtside Apartments II2 Bedroom 2 Bath2BR,2BA$2.09
241 NE 27th St, Unit A1241 NE 27th St1BR,1BA$2.47
535 SW 5th St, Unit 1535 SW 5th St1BR,2BA$2.53
New Arena Square Apartments1Bed 1Bath1BR,1BA$1.29
Otto Apartments3/33BR,3BA$1.63
Aerie Apartments3/33BR,3BA$1.71
Miami Station1 Bedroom/1 Bath1BR,1BA$2.33
Manhattan IIStudioStudio ,1BA$2.34

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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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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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
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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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Frequently Asked Questions about Watson Island

What type of rentals are currently available in Watson Island?

There are currently 1245 Apartments for Rent in Watson Island, FL with pricing that ranges from $950 to $22,853. There are also 1215 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Island ranging from $1,500 to $80,000.

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 $80,000 with an average monthly rent of $6,023.

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 $1,125 to $18,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $55,000. Four Bedroom Single-Family rentals are also available starting from $3,650 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.

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