51 Cheap Apartments for rent in Miami, FL

Last updated August 17 at 10:06am UTC
Sunset Way
15385 Southwest 73rd Terrace Circle
Miami, FL
Updated August 17 at 3:27am UTC
Studio
$915
1 Bedroom
$950
2 Bedrooms
$1,480
Centre Lake
15754 Northwest 7th Avenue
Miami, FL
Updated August 17 at 6:16am UTC
Studio
$880
1 Bedroom
$870
2 Bedrooms
Ask
18801 NE 2nd Ave
Miami
Miami, FL
Updated August 17 at 10:06am UTC
Studio
$850
1060 NW 47th St
Model City
Miami, FL
Updated August 17 at 9:53am UTC
1 Bedroom
$950
14 NE 59th Ter
Little Haiti
Miami, FL
Updated August 16 at 3:00am UTC
1 Bedroom
$950
3810 SW 88th Ct
Westchester
Miami, FL
Updated August 15 at 9:51am UTC
Studio
$900
1968 NW 24th Ave
Allapattah
Miami, FL
Updated August 15 at 2:36am UTC
Studio
$900
4870 NW 184th Ter
Miami
Miami, FL
Updated August 14 at 6:33pm UTC
1 Bedroom
$950
605 SW 19th Ave
Little Havana
Miami, FL
Updated August 14 at 10:15am UTC
Studio
$900
561 NW 189th Ter
Norwood
Miami, FL
Updated August 14 at 2:36am UTC
1 Bedroom
$950
271 NW 177th St
Cloverleaf Estates
Miami, FL
Updated August 11 at 10:23am UTC
Studio
$850
251 NW 177th St
Cloverleaf Estates
Miami, FL
Updated August 11 at 6:55am UTC
Studio
$850
1265 SW 6th St
Little Havana
Miami, FL
Updated August 11 at 2:43am UTC
Studio
$1,000
2662 NE 212th Ter
Miami
Miami, FL
Updated August 9 at 10:24pm UTC
1 Bedroom
$900
620 NE 178th St
Windward
Miami, FL
Updated August 9 at 6:41am UTC
Studio
$850
1045 NE 80th St
Upper East Side
Miami, FL
Updated August 9 at 6:40am UTC
Studio
$750
619 NE 88th St
Miami Shores
Miami, FL
Updated August 8 at 6:28am UTC
Studio
$950
699 NE 86th St
Miami
Miami, FL
Updated August 8 at 6:28am UTC
1 Bedroom
$1,000
20210 NE 2nd Ave
Andover Lakes
Miami, FL
Updated August 8 at 6:25am UTC
1 Bedroom
$1,050
18707 NE 2nd Ave
Miami
Miami, FL
Updated August 8 at 2:25am UTC
1 Bedroom
$980
1811 NW 18th street
Allapattah
Miami, FL
Updated August 7 at 6:21am UTC
Studio
$850
554 NE 68th St
MiMo District
Miami, FL
Updated August 15 at 5:19pm UTC
Studio
$865
160 NW 30th St
Wynwood
Miami, FL
Updated August 12 at 5:21pm UTC
1 Bedroom
$800
430 NE 38th St
Upper East Side
Miami, FL
Updated August 12 at 5:20pm UTC
1 Bedroom
$650

August 2018 Miami Rent Report

Welcome to the August 2018 Miami Rent Report. Miami rents declined over the past month. In this report, we'll evaluate trends in the Miami rental market, including comparisons to cities throughout the metro, state, and nation.

View full Miami Rent Report
Rent Report
Miami

August 2018 Miami Rent Report

Welcome to the August 2018 Miami Rent Report. Miami rents declined over the past month. In this report, we'll evaluate trends in the Miami rental market, including comparisons to cities throughout the metro, state, and nation.

Miami rents decline sharply over the past month

Miami rents have declined 0.8% over the past month, but have increased marginally by 0.9% in comparison to the same time last year. Currently, median rents in Miami stand at $1,070 for a one-bedroom apartment and $1,360 for a two-bedroom. Miami's year-over-year rent growth lags the state average of 2.1%, as well as the national average of 1.2%.

Rents rising across the Miami Metro

Throughout the past year, rent increases have been occurring not just in the city of Miami, but across the entire metro. Of the largest 10 cities that we have data for in the Miami metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Miami Beach has seen rents fall by 1.8% over the past year, the biggest drop in the metro. It also has the least expensive rents in the Miami metro, with a two-bedroom median of $1,280.
  • Hialeah has seen the fastest rent growth in the metro, with a year-over-year increase of 3.2%. The median two-bedroom there costs $1,400, while one-bedrooms go for $1,110.
  • Pembroke Pines has the most expensive rents of the largest cities in the Miami metro, with a two-bedroom median of $2,410; rents were up 0.8% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Miami

As rents have increased marginally in Miami, a few large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Miami is less affordable for renters.

  • Rents increased moderately in other cities across the state, with Florida as a whole logging rent growth of 2.1% over the past year. For example, rents have grown by 4.4% in Tampa and 2.3% in Jacksonville.
  • Miami's median two-bedroom rent of $1,360 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 0.9% increase in Miami.
  • While Miami's rents rose marginally over the past year, the city of Seattle saw a decrease of 2.4%.
  • Renters will generally find more expensive prices in Miami than most large cities. For example, Memphis has a median 2BR rent of $830, where Miami is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Miami $1,070 $1,360 -0.8% 0.9%
Hialeah $1,110 $1,400 -0.3% 3.2%
Fort Lauderdale $1,140 $1,450 -0.2% 1.0%
Pembroke Pines $1,900 $2,410 -0.0% 0.8%
Hollywood $1,110 $1,410 -0.6% 1.2%
West Palm Beach $1,070 $1,360 0.2% 2.5%
Pompano Beach $1,150 $1,460 -0.5% 1.6%
Miami Beach $1,010 $1,280 1.8% -1.8%
Boca Raton $1,440 $1,820 -0.4% 1.5%
Deerfield Beach $1,180 $1,500 -0.7% 0.3%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.