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 January 26, 2025, the average rent in Miami is $2,136, which is 0.8% 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
$2,104/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
25/100
Units Available
175 Rentals
Kendale Lakes/Kendall West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kendale Lakes/Kendall West is $2,104 while the city average is $2,136. This is a 2.8% difference from last year. Residents enjoy convenient access to Zoo Miami, Eighth Street, and Miami Intl Airport Ground Level. The neighborhood is considered somewhat walkable with a WalkScore® of 56.
The Hammocks
Average Rent
$2,205/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
27/100
Units Available
200 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out The Hammocks. The average rent is $2,205, compared to the city average of $2,136. Rent prices have increased by 2%. The Hammocks is convenient to Kendall Shoppes, Monkey Jungle, and Fort Lauderdale/Hollywood International. The community is somewhat walkable with a WalkScore® of 50.
Westchester/Tamiami
Average Rent
$2,227/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
25/100
Units Available
176 Rentals
Westchester/Tamiami is an affordable neighborhood in Miami with an average rent price of $2,227. Compare this to the city average of $2,136. In the past year, rent prices have increased by 1%. Westchester/Tamiami provides easy access to Financial District, Birdside Centre, and Zoo Miami. It’s a walkable neighborhood with a WalkScore® of 70.
Flagami
Average Rent
$2,241/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
36/100
Units Available
141 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Flagami might be the perfect place! It has an average rent price of $2,241, while the city’s average stands at $2,136. In the last year, prices have increased by 0.5%. Flagami is near Gifford Arboretum, The Barnacle Historic State Park, and Arena/State Plaza.
Allapattah
Average Rent
$2,448/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
59/100
Units Available
343 Rentals
Allapattah is a top choice for budget-conscious renters for a variety of reasons. The average rent in Allapattah is $2,448 while the city average is $2,136. This is a 3.2% difference from last year. Residents enjoy convenient access to The Barnacle Historic State Park, Miami Children's Museum, and AI Miami. The neighborhood is considered walkable with a WalkScore® of 80.
Little Havana
Average Rent
$2,520/Month
TransitScore® Rating
59/100
Units Available
541 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Little Havana. The average rent is $2,520, compared to the city average of $2,136. Rent prices have decreased by 0%. Little Havana is convenient to Fort Lauderdale/Hollywood International, Jungle Island, and Miami Dade College, Medical. The community is walkable with a WalkScore® of 87.
Glenvar Heights
Average Rent
$2,521/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
34/100
Units Available
157 Rentals
Glenvar Heights is an affordable neighborhood in Miami with an average rent price of $2,521. Compare this to the city average of $2,136. In the past year, rent prices have decreased by 0.1%. Glenvar Heights provides easy access to Miami Dade College, Kendall, Brickell (Metromover), and Matheson Hammock Park and Beach. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Downtown Kendall
Average Rent
$2,556/Month
Year-Over-Year Rent Change
6.9%
TransitScore® Rating
57/100
Units Available
191 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Downtown Kendall might be the perfect place! It has an average rent price of $2,556, while the city’s average stands at $2,136. In the last year, prices have decreased by 6.9%. Downtown Kendall is near Pinecrest Retail Center, Miami Dade College, Kendall, and Fairchild Tropical Botanic Garden.
Coral Way
Average Rent
$2,758/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
47/100
Units Available
137 Rentals
Coral Way is a top choice for budget-conscious renters for a variety of reasons. The average rent in Coral Way is $2,758 while the city average is $2,136. This is a -0.3% difference from last year. Residents enjoy convenient access to Miami Dade College, Medical, The Barnacle Historic State Park, and Fort Lauderdale/Hollywood International. The neighborhood is considered walkable with a WalkScore® of 88.
Northeast Coconut Grove
Average Rent
$3,217/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
52/100
Units Available
161 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Northeast Coconut Grove. The average rent is $3,217, compared to the city average of $2,136. Rent prices have increased by 4%. Northeast Coconut Grove is convenient to Miami Dade College, Wolfson, Fifth Street, and Financial District. The community is walkable with a WalkScore® of 86.
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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.