Most Affordable Neighborhoods in Miami, FL
Some of the cheapest neighborhoods in Miami are Kendale Lakes/Kendall West, The Hammocks, and Westchester/Tamiami. These neighborhoods offer some of the lowest rent prices in Miami, making them ideal for renters on a budget. As of November 25, 2024, the average rent in Miami is $2,105, which is 1.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Kendale Lakes/Kendall West
Average Rent
$2,042/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
25/100
Units Available
167 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Kendale Lakes/Kendall West. The average rent is $2,042, compared to the city average of $2,105. Rent prices have increased by 1.9%. Kendale Lakes/Kendall West is convenient to Deering Estate, Fort Lauderdale/Hollywood International, and Zoo Miami. The community is somewhat walkable with a WalkScore® of 56.
The Hammocks
Average Rent
$2,050/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
27/100
Units Available
196 Rentals
The Hammocks is an affordable neighborhood in Miami with an average rent price of $2,050. Compare this to the city average of $2,105. In the past year, rent prices have increased by 0.4%. The Hammocks provides easy access to Fort Lauderdale/Hollywood International, West Kendall Town Center, and Larry and Penny Thompson Park. It’s a somewhat walkable neighborhood with a WalkScore® of 50.
Westchester/Tamiami
Average Rent
$2,236/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
25/100
Units Available
182 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Westchester/Tamiami might be the perfect place! It has an average rent price of $2,236, while the city’s average stands at $2,105. In the last year, prices have increased by 2.6%. Westchester/Tamiami is near Montgomery Botanical Center, FIU, Modesto Maidique, and Miami International.
Upper East Side North
Average Rent
$2,385/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
52/100
Units Available
165 Rentals
Upper East Side North is a top choice for budget-conscious renters for a variety of reasons. The average rent in Upper East Side North is $2,385 while the city average is $2,105. This is a 3.7% difference from last year. Residents enjoy convenient access to Arch Creek Park & Nature Center, Johnson & Wales Univ., Miami, and Barry University. The neighborhood is considered walkable with a WalkScore® of 87.
Allapattah
Average Rent
$2,400/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
59/100
Units Available
393 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Allapattah. The average rent is $2,400, compared to the city average of $2,105. Rent prices have increased by 5.3%. Allapattah is convenient to Miami Children's Museum, The Barnacle Historic State Park, and Miami Dade Coll., InterAm.. The community is walkable with a WalkScore® of 80.
Little Havana
Average Rent
$2,513/Month
Year-Over-Year Rent Change
2.9%
TransitScore® Rating
59/100
Units Available
551 Rentals
Little Havana is an affordable neighborhood in Miami with an average rent price of $2,513. Compare this to the city average of $2,105. In the past year, rent prices have increased by 2.9%. Little Havana provides easy access to 454 Plaza, Univ. of Miami, Uhealth, and Third Street. It’s a walkable neighborhood with a WalkScore® of 87.
Glenvar Heights
Average Rent
$2,539/Month
Year-Over-Year Rent Change
4.7%
TransitScore® Rating
34/100
Units Available
192 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Glenvar Heights might be the perfect place! It has an average rent price of $2,539, while the city’s average stands at $2,105. In the last year, prices have increased by 4.7%. Glenvar Heights is near Gifford Arboretum, Tenth Street/Promenade, and Brickell (Metromover).
Downtown Kendall
Average Rent
$2,573/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
57/100
Units Available
201 Rentals
Downtown Kendall is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Kendall is $2,573 while the city average is $2,105. This is a 0.8% difference from last year. Residents enjoy convenient access to Financial District, Eighth Street, and Univ. of Miami, Coral Gables. The neighborhood is considered walkable with a WalkScore® of 76.
Coral Way
Average Rent
$2,817/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
47/100
Units Available
136 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Coral Way. The average rent is $2,817, compared to the city average of $2,105. Rent prices have increased by 3.1%. Coral Way is convenient to Coral Way Shoppes, Fort Lauderdale/Hollywood International, and Brickell (Metromover). The community is walkable with a WalkScore® of 88.
Southeast Gables
Average Rent
$3,212/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
58/100
Units Available
174 Rentals
Southeast Gables is an affordable neighborhood in Miami with an average rent price of $3,212. Compare this to the city average of $2,105. In the past year, rent prices have decreased by 4%. Southeast Gables provides easy access to The Barnacle Historic State Park, Brickell (Metromover), and Fort Lauderdale/Hollywood International. It’s a walkable neighborhood with a WalkScore® of 88.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.