Cheapest Neighborhoods in Miami, FL
Some of the cheapest neighborhoods in Miami are North Liberty City, Liberty Square, and Edison Heights. These neighborhoods offer some of the lowest rent prices in Miami, making them ideal for renters on a budget. As of August 23, 2026, the average rent in Miami is $2,247, 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.
North Liberty City
Average Rent
$1,206/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Miami, North Liberty City might be the perfect place! It has an average rent price of $1,206, while the city’s average stands at $2,247. North Liberty City is near Miami Dade College, Medical, Adrienne Arsht Center, and Museum Park Metromover Station.
Liberty Square
Average Rent
$1,276/Month
Units Available
13 Rentals
Liberty Square is a top choice for budget-conscious renters for a variety of reasons. The average rent in Liberty Square is $1,276 while the city average is $2,247. Residents enjoy convenient access to Arch Creek Park & Nature Center, Fort Lauderdale/Hollywood International, and Barry University.
Edison Heights
Average Rent
$1,276/Month
Units Available
13 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Edison Heights. The average rent is $1,276, compared to the city average of $2,247. Edison Heights is convenient to Miami Dade College, North, Univ. of Miami, Uhealth, and Arch Creek Park & Nature Center.
King Heights
Average Rent
$1,359/Month
Units Available
12 Rentals
King Heights is an affordable neighborhood in Miami with an average rent price of $1,359. Compare this to the city average of $2,247. King Heights provides easy access to Eleventh Street, Barry University, and Shoppes Of Liberty City.
Liberty City
Average Rent
$1,448/Month
Year-Over-Year Rent Change
1.6%
Units Available
26 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Liberty City might be the perfect place! It has an average rent price of $1,448, while the city’s average stands at $2,247. In the last year, prices have increased by 1.6%. Liberty City is near Miami Dade College, Medical, School Board, and Miami Science Museum - Closed.
Cloverleaf Estates
Average Rent
$1,499/Month
Units Available
14 Rentals
Cloverleaf Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cloverleaf Estates is $1,499 while the city average is $2,247. Residents enjoy convenient access to Miami International, Fort Lauderdale/Hollywood International, and 18405 NW 7th Ave.
North Ridge
Average Rent
$1,499/Month
Units Available
14 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out North Ridge. The average rent is $1,499, compared to the city average of $2,247. North Ridge is convenient to Miami International, Miramar Pineland, and Saint Thomas University.
Arch Creek Estates
Average Rent
$1,505/Month
Units Available
17 Rentals
Arch Creek Estates is an affordable neighborhood in Miami with an average rent price of $1,505. Compare this to the city average of $2,247. Arch Creek Estates provides easy access to 1520-1534 NE 147th St, Enchanted Forest Elaine Gordon Park, and Eleventh Street.
South Miami Heights
Average Rent
$1,553/Month
Year-Over-Year Rent Change
2.9%
Units Available
59 Rentals
If you’re looking for a great, affordable neighborhood in Miami, South Miami Heights might be the perfect place! It has an average rent price of $1,553, while the city’s average stands at $2,247. In the last year, prices have increased by 2.9%. South Miami Heights is near Castellow Hammock Preserve/Nature Center, Miami International, and Larry and Penny Thompson Park.
West Perrine
Average Rent
$1,563/Month
Year-Over-Year Rent Change
32.8%
Units Available
176 Rentals
West Perrine is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Perrine is $1,563 while the city average is $2,247. This is a 32.8% difference from last year. Residents enjoy convenient access to Castellow Hammock Preserve/Nature Center, FIU, Modesto Maidique, and S Miami Heights Shopping Center.
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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.