Cheap Homes for Rent in Watson Island Neighborhood of Miami, FL from $1,500 (139 Rentals)

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

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 1250 West Ave

1250 West Ave

Miami BeachFL33139

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 1300 Lincoln Rd

1300 Lincoln Rd

Miami BeachFL33139
property at 501 SW 1st St

501 SW 1st St

MiamiFL33130
Showing Results 1-50, Page 1 of 3

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
Discover Comfort and Convenience1BR/1.0BA1BR,1BA$1,500
237 NW 30th St1x11BR,1BA$1,500
Miami Station1BR/1BA1BR,1BA$1,700
555 SW 4Th ST1BR/1.0BA1BR,1BA$1,780
Sophisticated Living: Efficient Design2BR/1.0BA2BR,1BA$1,850

Best Value Apartments for Rent in Watson Island, FL

As of March 22, 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
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 ApartmentsPrivate Room in Two Bed Two Bath1BR,1BA$1.90
AERIE ApartmentsPrivate Bedroom in Shared 2Bd Apartment1BR,1BA$1.67
237 NW 30th St1x11BR,1BA$2.50

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Frequently Asked Questions about Watson Island

What type of rentals are currently available in Watson Island?

There are currently 1330 Apartments for Rent in Watson Island, FL with pricing that ranges from $1,192 to $50,000. There are also 1493 Single Family Homes for rent, Condos, and Townhome rentals currently available in Watson Island ranging from $1,500 to $100,000.

What is the current price range for Rental Homes in Watson Island?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Watson Island ranges from $1,500 to $100,000 with an average monthly rent of $34,888.

How much are larger Three and Four Bedroom Rentals in Watson Island?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Watson Island range from $2,150 to $15,757, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,750 to $40,000. Four Bedroom Single-Family rentals are also available starting from $2,990 and Four Bedroom Apartments start at $4,574.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.