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Apartments under $500 for Rent in Miami, FL

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Living & Renting in Miami

Miami at a Glance

Average Rent

$2,162
(All bedrooms and property types)
Learn more about
Average Rent in Miami
10

School Rating

out of 10 Rating
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Schools in Miami
40

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Miami
59

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Miami

Miami, FL Apartments for Rent

Miami offers city energy and tropical atmosphere for those seeking apartments for rent in Miami. Known as the "Magic City" for its rapid growth and transformation, Miami features a stunning skyline with over 300 high-rises set against the turquoise waters of Biscayne Bay. The city's rental market spans across numerous neighborhoods, from Brickell and Downtown to Little Havana and Allapattah. With average rents ranging from $2,044 for studios to $2,727 for two-bedroom apartments, Miami's rental market has seen modest growth with approximately 2% year-over-year increases across most unit types.

Apartments for rent in Miami provide residents access to exceptional amenities and a rich cultural scene. The city's position as a gateway to Latin America has created a multicultural atmosphere with outstanding dining, arts, and entertainment options. Popular rental locations include Brickell, Coconut Grove with its tree-lined streets and historic architecture, and Edgewater near the Design District. Miami's public transportation system, including Metrorail and Metromover, connects major areas, while six causeways provide access to Miami Beach and Key Biscayne. With year-round warm weather averaging 80°F during winter months, residents can enjoy outdoor activities at numerous parks and beaches just minutes from most apartment communities.

Why Miami?

  • Exciting nightlife offerings, from Downtown Miami and Brickell to Wynwood and South Miami
  • The bustling cruise capital of the world
  • The tropical atmosphere with palm-tree-lined streets and ocean breezes
  • International flair influenced by Latin American and Caribbean cultures
  • Rich economy

Renting in Miami

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Miami

(For 1 bedroom apartments)

Getting Around Miami

Transportation

71

Very Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
59

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
40

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

10
Terra Environmental Research Institute
out of 10 Rating
Public | Grades 9- 12 | 1,619 Students
10
Design & Architecture Senior High
out of 10 Rating
Public | Grades 9- 12 | 489 Students
10
Herbert A. Ammons Middle School
out of 10 Rating
Public | Grades 6- 8 | 1,005 Students
School data provided by Great Schoolsⓘ
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