Cheap Apartments for Rent in the Downtown Miami Neighborhood of Miami, FL from $300 (123 Rentals)

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

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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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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property at 453 NW 25th Ct

453 NW 25th Ct

MiamiFL33125

Downtown Miami - One of the Best Affordable Neighborhoods in Miami

Named as one of the Best Affordable Neighborhoods to rent in Miami, FL by our Miami, FL Local Expert Kelly Reising. See how it ranks!

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Downtown Miami, Miami, FL Local Guide

Cheapest Available Downtown Miami Apartments for Rent

 

The cheapest available apartment rental in the Downtown Miami area of Miami, FL is a 2 Beds unit found at Santa Clara I priced from $743. Brownsville Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here are the most affordable Downtown Miami apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Santa Clara I2 Bed 2 Bath2BR,2BA$743
Brownsville Village1 Bed 1 Bath Senior1BR,1BA$1,199
Liberty Square IV1 Bed 1 Bath1BR,1BA$1,275
Newly Renovated Community0BR/1.0BAStudio,1BA$1,302
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
2110 W Flagler St1/11BR,1BA$1,350
1135 SW 6th St1X11BR,1BA$1,450

Best Value Apartments for Rent in Downtown Miami, FL

As of May 11, 2025 the best value apartment in the Downtown Miami area is the $1.11 price per square foot 5881 NW 32nd Ave Model at 5881 NW 32nd Ave, Unit 05881 in the in the Downtown Miami neighborhood starting from $2,980. The second greatest value Downtown 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 Downtown Miami apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5881 NW 32nd Ave, Unit 058815881 NW 32nd Ave3BR,2BA$1.11
3059 NW 58th St, Unit 30593059 NW 58th St3BR,2BA$1.38
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
890 NW 55th St, Unit 1890 NW 55th St3BR,2BA$1.61
600 NE 36th St, Unit PH22 Room only600 NE 36th St1BR,1BA$1.15
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
i5 Wynwood Co-LivingRent-By-Bedroom | C11BR,1BA$1.60
Santa Clara I2 Bed 2 Bath2BR,2BA$0.84
Plum - Co-Living ApartmentsPrivate Bed/Bath in Shared 3Bed/3Bath1BR,1BA$1.57

Quick Rent Budget Calculator

How much rent can you afford?

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Pet Friendly Lifestyle
Downtown Miami, Miami, FL

Ranked #170

Among neighborhoods in Miami, FL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Miami, Miami, FL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States and customized analysis for East Miami. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Miami Apartments

What is a cheap apartment in Downtown Miami?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Miami is under $1,450.

What is the price of a cheap apartment in Downtown Miami?

The cheapest apartment in Downtown Miami is Brownsville Village which is listed at $1,199, while the average apartment in Downtown Miami costs $8,000.

What types of apartments are the cheapest in Downtown 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 138 regular apartments in Downtown 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 Downtown Miami?

Cheap apartments in Downtown Miami have an average cost of $257 which is $7,743 cheaper than the average rent for all rentals in Downtown 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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.