Cheap Homes for Rent in Downtown Miami Neighborhood of Miami, FL from $900 (135 Rentals)

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

property at 540 NW 46th St

540 NW 46th St

MiamiFL33127
property at 428 SW 9th St

428 SW 9th St

MiamiFL33130
property at 1021 NW 3rd St

1021 NW 3rd St

MiamiFL33128

Downtown 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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property at 815 NW 30th St

815 NW 30th St

MiamiFL33127
property at 361 SW 20th Rd

361 SW 20th Rd

MiamiFL33129
property at 920 SW 4th Ave

920 SW 4th Ave

MiamiFL33130
property at 35 Antilla Ave

35 Antilla Ave

Coral GablesFL33134
property at 3351 SW 7th St

3351 SW 7th St

MiamiFL33135
property at 979 SW 10th St

979 SW 10th St

MiamiFL33130
property at 444 SW 4th St

444 SW 4th St

MiamiFL33130
Showing Results 1-50, Page 1 of 3

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. Newly Renovated Community has the second lowest priced unit, which is a Studio apartment currently listed from $1,302. 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
Newly Renovated Community0BR/1.0BAStudio,1BA$1,302
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
1135 SW 6th St1X11BR,1BA$1,450
237 NW 30th St1x11BR,1BA$1,500
Miami Station1BR/1BA1BR,1BA$1,700

Best Value Apartments for Rent in Downtown Miami, FL

As of April 12, 2025 the best value apartment in the Downtown 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 Downtown Miami apartment is the 740 SW 9th St Model at 740 SW 9th St, Unit 1 starting at $3,500 with a $1.52 price per square foot in the Miami Riverwalk 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.
5129 NW 5th Ave, Unit 15129 NW 5th Ave3BR,2.5BA$1.32
740 SW 9th St, Unit 1740 SW 9th St1BR,1BA$1.52
1801 SW 10th St, Unit 18011801 SW 10th St3BR,2BA$1.36
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
Plum - Co-Living ApartmentsPrivate Bed/Bath in Shared 3Bed/3Bath1BR,1BA$1.57

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Frequently Asked Questions about Downtown Miami

What type of rentals are currently available in Downtown Miami?

There are currently 4212 Apartments for Rent in Downtown Miami, FL with pricing that ranges from $510 to $19,080. There are also 1975 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Miami ranging from $900 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 $900 to $85,000 with an average monthly rent of $15,188.

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 $13,040, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,550 to $25,000. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $2,400.

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.

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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.