
Cheap Homes for Rent in North Bay Island Neighborhood of North Bay Village, FL from $1,200 (49 Rentals)
Search the lowest-cost Homes available for rent right now in the North Bay Island area of North Bay Village.


427 NE 107th St

660 NE 88th Terrace

7540 NE 3rd Ct

544 NE 62nd St

7841 Dunham Blvd, Unit 1

347 NE 110th St

725 83rd St

850 81st St
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.

2170 Bay Dr

585 NE 66th St, Unit 3

740 84th St

1800 79th Street Causeway

7920 East Dr

1251 NE 108th St

17021 N Bay Rd

551 NE 62nd St

1965 Calais Dr
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.

1790 79th Street Causeway

Total Monthly Price
515 NE 82nd St, Unit SI FL1-ID1022249P

7545 E Treasure Dr

943 79th Terrace, Unit 202

735-783 83rd St, Unit 2

1770 79th Street Causeway

424 NE 64th St, Unit 2

8950 NE 8th Ave, Unit 503

7885 Crespi Blvd
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.

1960 Marseille Dr

1865 79th Street Causeway

645 NE 77th St, Unit 19

1801 S Treasure Dr

7904 West Dr

17021 N Bay Rd, Unit 316

1239 Marseille Dr

424 NE 82nd St

711 SW 111th Way
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.

644 NE 82nd Terrace, Unit 1

1289 Marseille Dr

1975 Normandy Dr

Total Monthly Price
212 West Dr, Unit SI FL8-ID1044529P

6941 Bay Dr

7171 Bay Dr

7207 Bay Dr

750 84th St

6905 Bay Dr
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

6881 Bay Dr

Total Monthly Price
515 NE 82nd St, Unit SI FL2-ID1022245P

680 NE 64th St, Unit A514

8950 NE 8th Ave
North Bay Island, North Bay Village, FL Local Guide

How much does it cost to rent a home in North Bay Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Bay Island 2 Bedroom Homes for Rent | $4,792 | $1,900 | $10,000+ |
| North Bay Island 3 Bedroom Homes for Rent | $8,841 | $3,050 | $10,000+ |
| North Bay Island 4 Bedroom Homes for Rent | $18,163 | $3,850 | $10,000+ |
| North Bay Island 5 Bedroom Homes for Rent | $28,628 | $5,500 | $10,000+ |
| North Bay Island 6 Bedroom Homes for Rent | $38,581 | $10,000 | $10,000+ |
| North Bay Island 7 Bedroom Homes for Rent | $51,666 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the North Bay Island Neighborhood of North Bay Village, FL.
Explore North Bay Village
Cheapest Available North Bay Island Apartments for Rent
 The cheapest available apartment rental in the North Bay Island area of Miami, FL is a Studio unit found at The Boutique Apartments priced from $1,500. 7143 Bonita Dr has the second lowest priced unit, which is a Studio apartment currently listed from $1,550. Here are the most affordable North Bay Island apartments for rent in Miami, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Boutique Apartments | 0BR/1.0BA | Studio,1BA | $1,500 |
| 7143 Bonita Dr | Studio-small | Studio,1BA | $1,550 |
| Cielo Miami Beach Apartments | One Bedroom | 1BR,1BA | $1,600 |
| The Corridor | A1 West | 1BR,1BA | $1,784 |
| Miami Shores Luxury Apartments | 1 Bedroom | 1BR,1BA | $1,799 |
| Marine Plaza Apartments | 1 BED 1 BATH | 1BR,1BA | $1,800 |
| Harbor West Apartments | STUDIO | Studio,1BA | $1,850 |
| 700 82nd St | 1 Bedroom 1 Bath | 1BR,1BA | $1,895 |
Best Value Apartments for Rent in North Bay Island, FL
As of June 25, 2026 the best value apartment in the North Bay Island area is the $1.53 price per square foot 1588 NE 110th St Model at 1588 NE 110th St, Unit 1 in the in the San Souci Estates neighborhood starting from $2,300. The second greatest value North Bay Island apartment is the 3 Beds, 2 baths Model at 940 NE 85th St starting at $3,995 with a $2.71 price per square foot in the Little River neighborhood. Here is today’s list of the best values for North Bay Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1588 NE 110th St, Unit 1 | 1588 NE 110th St | 2BR,1BA | $1.53 |
| 940 NE 85th St | 3 Beds, 2 baths | 3BR,2BA | $2.71 |
| Cielo Miami Beach Apartments | One Bedroom | 1BR,1BA | $1.88 |
| Marine Plaza Apartments | 1 BED 1 BATH | 1BR,1BA | $2.43 |
| Wake Biscayne Bay | A3 North | 1BR,1.5BA | $3.26 |
| Miami Shores Luxury Apartments | 1 Bedroom | 1BR,1BA | $2.48 |
| Navette on the Bay | A2 | 1BR,1BA | $3.28 |
| 700 82nd St | 1 Bedroom 1 Bath | 1BR,1BA | $2.71 |
| 441 NE 110th Ter, Unit Apartment with private garden | 441 NE 110th Ter | 1BR,1BA | $2.86 |
| Rue Granville Apartments | 1 BED 1 BATH | 1BR,1BA | $3.18 |
Frequently Asked Questions about North Bay Island
What type of rentals are currently available in North Bay Island?
There are currently 814 Apartments for Rent in North Bay Island, FL with pricing that ranges from $1,195 to $49,500. There are also 345 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Bay Island ranging from $1,300 to $85,000.
What is the current price range for Rental Homes in North Bay Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Bay Island ranges from $1,300 to $85,000 with an average monthly rent of $24,223.
How much are larger Three and Four Bedroom Rentals in North Bay Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in North Bay Island range from $2,500 to $18,472, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,050 to $37,000. Four Bedroom Single-Family rentals are also available starting from $3,850 and Four Bedroom Apartments start at $10,000.
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
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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.

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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.