Cheap Homes for Rent in Downtown Miami Neighborhood of Miami, FL from $1,000 (191 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1021 NW 3rd St

1021 NW 3rd St

MiamiFL33128
property at 920 SW 4th Ave

920 SW 4th Ave

MiamiFL33130
property at 361 SW 20th Rd

361 SW 20th Rd

MiamiFL33129
property at 7909 East Dr

7909 East Dr

North Bay VillageFL33141
property at 102 SW 6th Ave

102 SW 6th Ave

MiamiFL33130
Showing Results 1-50, Page 1 of 4

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. 1050 NW 2nd Street has the second lowest priced unit, which is a Studio apartment currently listed from $1,161. 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
1050 NW 2nd StreetStudioStudio,1BA$1,161
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
Newly Renovated Community0BR/1.0BAStudio,1BA$1,450
Discover Comfort and Convenience1BR/1.0BA1BR,1BA$1,500
237 NW 30th St1x11BR,1BA$1,500

Best Value Apartments for Rent in Downtown Miami, FL

As of March 25, 2025 the best value apartment in the Downtown Miami 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 Downtown Miami apartment is the 215 SW 32nd Court Rd Model at 215 SW 32nd Court Rd, Unit 1 starting at $4,000 with a $1.95 price per square foot in the Little Havana 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.
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
215 SW 32nd Court Rd, Unit 1215 SW 32nd Court Rd3BR,2BA$1.95
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
3403 SW 12th St, Unit 34033403 SW 12th St3BR,1BA$1.57
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
Aerie - Co-Living ApartmentsPrivate Bedroom in Shared 2Bd Apartment1BR,1BA$1.67
Otto - Co-Living ApartmentsPrivate Room in Two Bed Two Bath1BR,1BA$1.90
Plum - Co-Living ApartmentsPrivate Bed/Bath in Shared 3Bed/3Bath1BR,1BA$1.57

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown Miami

What type of rentals are currently available in Downtown Miami?

There are currently 4195 Apartments for Rent in Downtown Miami, FL with pricing that ranges from $510 to $19,392. There are also 1914 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Miami ranging from $1,000 to $85,000.

What is the current price range for Rental Homes in Downtown Miami?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Miami ranges from $1,000 to $85,000 with an average monthly rent of $13,463.

How much are larger Three and Four Bedroom Rentals in Downtown Miami?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Miami range from $619 to $14,939, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $25,000. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $3,495.

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.

decorative image for The 10 Best Affordable Neighborhoods in Miami, FL article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.