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Cheap Apartments for Rent in Miami, FL - 93 Rentals available

Apartments Under $900

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Renting a Cheap Apartment in Miami

Miami is the envy of cities worldwide for its beautiful beaches, clean streets and fun-loving citizens. Florida’s warm tropical climate encourages outdoor activities like fishing, sunbathing, snorkeling, boating, diving and much more. Miami’s gung-ho economy is driven by banking and investment firms, TV and media, tourism, trade and real estate. This is a melting pot where people from all over the globe come to live. With hundreds of nightlife and dining options, there’s no reason to be bored for a minute in Miami.

Miami, FL Demographics

  • Total Population443,007
  • Female 219,009
    Male 223,998
  • Median Age40

Average Rent in Miami, FL

  • Miami, FL Average Rental Price, December 2019 $1,707 /mo

    Miami, FL Apartment Rent Ranges

    • $701-$1,0006%
    • $1,001-$1,50034%
    • $1,501-$2,00035%
    • > $2,00024%

    Miami, FL Rent Trends

    Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Dec / 2019
    Miami, FL $1,553 $1,564 $1,575 $1,604 $1,619 $1,662 $1,666 $1,685 $1,729 $1,703 $1,707
    National $1,354 $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,473 $1,474
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    Average rent is projected to grow by 2% in 2019 compared to 2018.

    Please note that projected rent growth is calculated at city level.

    Check out the average rent prices in Miami by neighborhood.

    Miami, FL Households

    • Total Number of Households164,734
    • Family 90,505
      Non-family 74,229
    • Children 41,343
      No Children 123,391
    • Average People Per Household2.63
    • Median Household Income$33,999
    • Median Housing Costs Per Month$1,082

    Miami, FL Education Statistics

    • No High School13%
    • Some High School39%
    • Some College17%
    • Associate Degree7%
    • Bachelor Degree15%
    • Graduate Degree9%

    Looking for a cheap apartment for rent in Miami, FL? With RENTCafé, finding an affordable apartment in Miami, FL has never been easier. We feature 96 low-priced rentals directly from property managers, with rents lower than the Miami, FL average. What is a cheap rent in Miami, FL? The average apartment rent in Miami is $1,707 per month so any rental south of $1,366 would be considered cheap here. On RENTCafé, Miami, FL rents go as low as $451/mo.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!