
Cheap Homes for Rent in Miami, NM from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Miami.


913 S 6th St

37497 HWY 350
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.

6894 CO-12

5B Maple St

236 Waverly Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1000 NM-76

941 Calle Mejia

1042 Smith Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

305 E Baca St
Miami, NM Local Guide

How much does it cost to rent a home in Miami?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Miami 2 Bedroom Homes for Rent | $2,384 | $1,200 | $4,000 |
Miami 3 Bedroom Homes for Rent | $2,638 | $1,250 | $4,550 |
Miami 4 Bedroom Homes for Rent | $2,325 | $1,650 | $3,000 |
Miami 5 Bedroom Homes for Rent | $1,525 | $1,400 | $1,650 |
Browse Top Homes for Rent in Miami
Explore Miami
Miami, NM Local Guide
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Cheapest Available Miami Apartments for Rent and Nearby
 The cheapest available apartment rental in Miami, NM is a Studio unit found at Santa Fe Suites in the Arroyo Chamiso neighborhood priced from $950. Sierra Blanca Apartments in the Arroyo Chamiso neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Miami apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Santa Fe Suites | Studio | Studio,1BA | $950 |
Sierra Blanca Apartments | Studio | Studio,1BA | $1,100 |
Canyon Walk Income Restricted | One Bedroom | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Miami, NM and Nearby
As of May 18, 2025 the best value apartment in the Miami area is the $1.88 price per square foot 2x2 Model at Casa Loma Apartments in the in the Don Digeo neighborhood starting from $1,925. The second greatest value Miami apartment is the 2 Bedroom 2 Bath Townhome Model at Bluffs at Tierra Contenta starting at $1,800 with a $1.76 price per square foot in the Tiempo Lindo neighborhood. Here is today’s list of the best values for Miami apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Casa Loma Apartments | 2x2 | 2BR,2BA | $1.88 |
Bluffs at Tierra Contenta | 2 Bedroom 2 Bath Townhome | 2BR,2BA | $1.76 |
Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $2.06 |
Canyon Walk Income Restricted | One Bedroom | 1BR,1BA | $1.27 |
Talavera Apartment Homes | Sage | 2BR,2BA | $1.99 |
Cielo Luxury Living Apartments | One Bedroom | 1BR,1BA | $2.30 |
San Miguel Court | 2x1 | 2BR,1BA | $2.37 |
South Meadows | Rio Chama | 1BR,1BA | $2.24 |
Vista Linda | 1 Bedroom | 1 Bath | 1BR,1BA | $2.29 |
Vizcaya | Chama | 1BR,1BA | $2.20 |
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.
Frequently Asked Questions about Miami
What type of rentals are currently available in Miami?
There are currently 33 Apartments for Rent in Miami, NM with pricing that ranges from $950 to $4,600. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Miami ranging from $735 to $4,550.
What is the current price range for Rental Homes in Miami?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Miami ranges from $735 to $4,550 with an average monthly rent of $1,909.
How much are larger Three and Four Bedroom Rentals in Miami?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Miami range from $1,574 to $4,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $4,550. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $2,420.
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.

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.

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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.