Most Affordable Neighborhoods in Miami Beach, FL
Some of the cheapest neighborhoods in Miami Beach are Biscayne Beach, Normandy Shores, and Normandy Isles. These neighborhoods offer some of the lowest rent prices in Miami Beach, making them ideal for renters on a budget. As of February 16, 2025, the average rent in Miami Beach is $2,014, which is 1.8% 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.
Biscayne Beach
Average Rent
$1,961/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
47/100
Units Available
39 Rentals
Enjoy stunning waterfront living at Biscayne Beach. This neighborhood provides easy access to Biscayne Bay and recreational activities like boating and kayaking. Enjoy a serene atmosphere just minutes from Miami Beach's fun-filled nightlife. Biscayne Beach offers a variety of rentals, from condos and apartments to single-family homes.
Normandy Shores
Average Rent
$2,038/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
46/100
Units Available
13 Rentals
Normandy Shores is known for its golf course and scenic views of Biscayne Bay. Renters in Normandy Shores appreciate the proximity to parks, local shops, and restaurants. The area provides a tranquil setting with easy access to nearby beaches and downtown Miami.
Normandy Isles
Average Rent
$2,055/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
44/100
Units Available
82 Rentals
Normandy Isles is a charming waterfront neighborhood that provides beautiful parks and the Normandy Shores Golf Course. Renters appreciate the neighborhood's top-rated schools, peaceful lifestyle, and quick access to Miami Beach and the mainland.
Faena
Average Rent
$2,200/Month
TransitScore® Rating
58/100
Units Available
4 Rentals
Faena is an affordable neighborhood in Miami Beach with an average rent price of $2,200. Compare this to the city average of $2,014. Faena provides easy access to New Rex Plaza/Inres, Virginia Key Beach and Park, and Adrienne Arsht Center. It’s a walkable neighborhood with a WalkScore® of 84.
Nautilus
Average Rent
$2,409/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
55/100
Units Available
27 Rentals
Nautilus, an elegant neighborhood near the Miami Beach Golf Club, provides quiet, tree-lined streets and easy access to the shops and restaurants along 41st Street. Residents enjoy paddleboarding, boating, kayaking, and strolling along scenic trails in this waterfront neighborhood.
Lummus Park
Average Rent
$2,822/Month
TransitScore® Rating
53/100
Units Available
18 Rentals
Lummus Park is known for its beachfront location and proximity to Ocean Drive. Enjoy historic Art Deco buildings and modern apartments with easy access to the park, beach, and nightlife. The area is ideal for renters seeking an active, urban lifestyle by the sea.
Flamingo
Average Rent
$2,924/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
54/100
Units Available
426 Rentals
Named for the famous Flamingo Hotel, the Flamingo neighborhood still retains the elegance inspired by the 1920s hotel. While the hotel no longer exists, Flamingo is a delightful community near the shops, restaurants, and entertainment venues along Lincoln Road.
North Shore
Average Rent
$3,094/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
50/100
Units Available
212 Rentals
North Shore is a quiet, residential neighborhood minutes from the ocean and North Shore Open Space Park. Enjoy a laid-back beach lifestyle with easy access to the shops and restaurants along Collins Avenue. Renting in North Shore offers a peaceful retreat with plenty of outdoor activities.
La Gorce
Average Rent
$3,127/Month
TransitScore® Rating
48/100
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Miami Beach, La Gorce might be the perfect place! It has an average rent price of $3,127, while the city’s average stands at $2,014. La Gorce is near Park West, Arch Creek Park & Nature Center, and Miami Children's Museum.
Allison Island
Average Rent
$3,300/Month
TransitScore® Rating
50/100
Units Available
3 Rentals
Allison Island is a top choice for budget-conscious renters for a variety of reasons. The average rent in Allison Island is $3,300 while the city average is $2,014. Residents enjoy convenient access to Miami Children's Museum, Museum Park Metromover Station, and FIU, Biscane Bay. The neighborhood is considered somewhat walkable with a WalkScore® of 56.
Ready to make your move to Miami Beach? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.