Cheap Apartments for Rent in Miami, FL from $300 (547 Rentals)

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Search the lowest-cost Apartments available for rent right now in Miami.

property at 404 SW 5th Ave

404 SW 5th Ave

MiamiFL33130

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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Miami, FL Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Miami, FL

Pricing Updated: 04/12/2025

Current apartment rentals in the Miami, FL area range in price from $510 to $50,000 with an overall median price of $7,838. The three Miami neighborhoods with the lowest median rent pricing are Devon Aire Estates at $1,650, Olympia Heights at $1,300, and Virginia Gardens at $2,000. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Miami Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Devon Aire Estates$1,650$1,6501
Olympia Heights$1,750$1,3004
Virginia Gardens$2,000$2,0001
Liberty$2,195$2,1951
Vista Verde$2,195$2,1951
Martinique$2,300$1,21517
Ingleside Park$2,400$1,5007
Linden Gardens$2,400$1,19143
Carole Anne Park$2,425$1,25011
Brownsville$2,450$61327

Cheapest Available Miami Apartments for Rent

 

The cheapest available apartment rental in Miami, FL is a 2 Beds unit found at Santa Clara I in the Miami River neighborhood priced from $743. 4th Street Commons in the Fontainebleau Park West neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $999. Here is today’s list of the most affordable Miami apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Clara I2 Bed 2 Bath2BR,2BA$743
4th Street Commons4x4 Pool View4BR,4BA$999
Center Court0 Bedroom 1 BathStudio,1BA$1,135
250-252 NE 77th StStudioStudio,1BA$1,195
CabanaCabana1BR,1BA$1,195
Glorieta Gardens1x11BR,1BA$1,195
Cabana Club1 Bedroom1BR,1BA$1,211
Mango Way ApartmentsSTUDIOStudio,1BA$1,245

Best Value Apartments for Rent in Miami, FL

As of April 12, 2025 the best value apartment in the Miami area is the $1.32 price per square foot 5129 NW 5th Ave Model at 5129 NW 5th Ave, Unit 1 in the in the Downtown Miami neighborhood starting from $3,700. The second greatest value Miami apartment is the 3059 NW 58th St Model at 3059 NW 58th St, Unit 3059 starting at $3,300 with a $1.38 price per square foot in the Downtown Miami neighborhood. Here is today’s list of the best values for Miami apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5129 NW 5th Ave, Unit 15129 NW 5th Ave3BR,2.5BA$1.32
3059 NW 58th St, Unit 30593059 NW 58th St3BR,2BA$1.38
1801 SW 10th St, Unit 18011801 SW 10th St3BR,2BA$1.36
18201 NW 3rd Ave, Unit 118201 NW 3rd Ave3BR,1BA$1.36
1011 NW 195th St, Unit 31011 NW 195th St3BR,1BA$1.26
3373 W 14th Ct, Unit #13373 W 14th Ct2BR,1BA$1.34
LapisIbizia A - 3BR/3BA3BR,3BA$1.19
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
19810 SW 117th Avecharming two-room apartment1BR,1BA$1.45
Santa Clara I2 Bed 2 Bath2BR,2BA$0.84

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Miami Overview

Landing it as one of the top 10 US metro areas in population, the Miami metro area is home to over 5 million people - many of whom are nestled in one of the many options in great apartments in Miami. Not only is Miami a major U. S. city, it's often called the Capital of Latin America, and has more international banks than any other city in this country. Miami is a major player nationally and internationally in the worlds of finance, tourism, biotechnology, medicine and many more industries. And as a thriving global city, Miami offers incredible access to culture and arts, from incredible live performances, first rate museums, a thriving art scene and as one of the world's most exciting centers of fashion. Plus, this city is at the heart of the 'sunshine state,' with beautiful beaches, a booming nightlife and in 2008 Forbes magazine named Miami America's cleanest city based on air quality, access to open spaces, water quality, cleanliness of the streets and the recycling program.

Why live in Miami, FL?

Combining near-perfect temperatures, beautiful ocean views and enough fun in the sun to last a lifetime, apartments in Miami are toted as the cream of the crop of the Florida scene. The largest city in terms of population in the Sunshine State and named a global city due to its stature in the industries of finance, entertainment and commerce, Miami apartments place residents firmly in the center of all that Florida has to offer.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Miami, FL Rentals by Map

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See the most popular apartments and homes in Miami, FL

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Getting Around Miami, FL

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Miami, FL Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Hector • 1+ years in Miami

April 3, 2025

Its expensive to live here, but worth the cost. Lots of great Cuban food and vibe everywhere. Its overcrowded, but its nice here.

Frequently Asked Questions about Cheap Miami Apartments

What is a cheap apartment in Miami?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Miami is under $1,245.

What is the price of a cheap apartment in Miami?

The cheapest apartment in Miami is Cabana which is listed at $1,195, while the average apartment in Miami costs $7,838.

What types of apartments are the cheapest in Miami?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6,351 regular apartments in Miami that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Miami?

Cheap apartments in Miami have an average cost of $1,006 which is $6,832 cheaper than the average rent for all rentals in Miami.

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.

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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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.