Cheap Apartments for Rent in the Watson Island Neighborhood of Miami, FL from $700 (70 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Watson Island area of 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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property at 1829 NW 2nd Ct

1829 NW 2nd Ct

MiamiFL33136
property at 365 NW 8th St

365 NW 8th St

MiamiFL33136
property at 212 NW 15th St

212 NW 15th St

MiamiFL33136
property at 548 NW 30th St

548 NW 30th St

MiamiFL33127
property at 1710 NW 1st Ct

1710 NW 1st Ct

MiamiFL33136
property at 459 SW 4th St

459 SW 4th St

MiamiFL33130
property at 46 NW 35th St

46 NW 35th St

MiamiFL33127
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1212 NW 1 Pl
1 Bedroom Apartments

1212 NW 1 Pl

1212 NW 1 PlMiami, FL 33136
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West Brickell Tower
1 to 2 Bedroom Apartments

West Brickell Tower

1026 SW 2nd AveMiami, FL 33130
Senior Living
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2211 SW 3rd Ave
Studio Apartments

2211 SW 3rd Ave

2211 SW 3rd AveMiami, FL 33129
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West Brickell View
1 to 2 Bedroom Apartments

West Brickell View

144 SW 8th StMiami, FL 33130
Senior Living
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Temple Court
1 Bedroom Apartments

Temple Court

431-453 NW 3rd StMiami, FL 33128
Senior Living
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Labre Place
Studio to 1 Bedroom Apartments

Labre Place

350 NW 4th StMiami, FL 33128
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540 NW 7th St
Studio to 2 Bedroom Apartments

540 NW 7th St

540 NW 7th StMiami, FL 33136
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City Crossings
1 to 3 Bedroom Apartments

City Crossings

230-250 SW 12th StMiami, FL 33130
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Audy Apartments
1 Bedroom Apartments

Audy Apartments

601 NE 22nd StMiami, FL 33137
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Brickell Roads
1 Bedroom Apartments

Brickell Roads

1228 SW 3rd AveMiami, FL 33130
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Watson Island, Miami, FL Local Guide

Cheapest Available Watson Island Apartments for Rent

 

The cheapest available apartment rental in the Watson Island area of Miami, FL is a 2 Beds unit found at Sawyer’s Walk priced from $1,333. Newly Renovated Community has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Watson Island apartments for rent in Miami, FL:

Apartment ListingModel NameBed/BathPriced From
Sawyer’s WalkTwo Bedroom2BR,2BA$1,333
Newly Renovated Community0BR/1.0BAStudio,1BA$1,450
237 NW 30th St1x11BR,1BA$1,500
Miami Station1BR/1BA1BR,1BA$1,700
555 SW 4Th ST1BR/1.0BA1BR,1BA$1,780
Ram Miami River South Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,919
Bay Park Towers712Studio,1BA$1,925

Best Value Apartments for Rent in Watson Island, FL

As of April 05, 2025 the best value apartment in the Watson Island 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 Watson Island apartment is the 186 NW 13th St Model at 186 NW 13th St, Unit B2 starting at $2,900 with a $1.53 price per square foot in the Downtown Miami neighborhood. Here is today’s list of the best values for Watson Island 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
186 NW 13th St, Unit B2186 NW 13th St2BR,2BA$1.53
999 Brickell Bay Dr, Unit 1510999 Brickell Bay Dr2BR,2BA$2.46
Pacific Ocean Partners LLC2BR/1.0BA2BR,1BA$2.25
Sawyer’s WalkTwo Bedroom2BR,2BA$1.33
Camelot Court2b/1bath2BR,1BA$2.40
i5 Wynwood Co-LivingRent-By-Bedroom | C11BR,1BA$1.60
720 SW 7th Ave, Unit 2720 SW 7th Ave2BR,1BA$2.44
Otto - Co-Living ApartmentsPrivate Room in Two Bed Two Bath1BR,1BA$1.90
Aerie - Co-Living ApartmentsPrivate Bedroom in Shared 2Bd Apartment1BR,1BA$1.67

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Watson Island, Miami, FL

Ranked #1

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
Watson Island, Miami, FL

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including 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 filtering automatically for easy access to the parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Watson Island Apartments

What is a cheap apartment in Watson Island?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Watson Island is under $1,925.

What is the price of a cheap apartment in Watson Island?

The cheapest apartment in Watson Island is 237 NW 30th St which is listed at $1,500, while the average apartment in Watson Island costs $27,082.

What types of apartments are the cheapest in Watson Island?

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 99 regular apartments in Watson Island 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 Watson Island?

Cheap apartments in Watson Island have an average cost of $308 which is $26,774 cheaper than the average rent for all rentals in Watson Island.

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.

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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.