Cheapest Neighborhoods in Miami, FL
Some of the cheapest neighborhoods in Miami are South Miami Heights, Liberty City, and Golden Glades. These neighborhoods offer some of the lowest rent prices in Miami, making them ideal for renters on a budget. As of July 9, 2026, the average rent in Miami is $2,244, which is 1.3% 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.
South Miami Heights
Average Rent
$1,494/Month
Year-Over-Year Rent Change
2.6%
Units Available
48 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 $1,494, while the city’s average stands at $2,244. In the last year, prices have increased by 2.6%. South Miami Heights is near FIU, Modesto Maidique, Zoo Miami, and Bill Sadowski Park.
Liberty City
Average Rent
$1,549/Month
Year-Over-Year Rent Change
0.7%
Units Available
29 Rentals
Liberty City is a top choice for budget-conscious renters for a variety of reasons. The average rent in Liberty City is $1,549 while the city average is $2,244. This is a 0.7% difference from last year. Residents enjoy convenient access to Miami Dade College, Medical, Miami International, and 5651 NW 17th Ave.
Golden Glades
Average Rent
$1,657/Month
Year-Over-Year Rent Change
0.4%
Units Available
86 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Golden Glades. The average rent is $1,657, compared to the city average of $2,244. Rent prices have increased by 0.4%. Golden Glades is convenient to 1000 N Miami Beach Blvd, 1012-1026 N Miami Beach Blvd, and Greynolds Park.
Pinewood
Average Rent
$1,710/Month
Year-Over-Year Rent Change
1%
Units Available
19 Rentals
Pinewood is an affordable neighborhood in Miami with an average rent price of $1,710. Compare this to the city average of $2,244. In the past year, rent prices have decreased by 1%. Pinewood provides easy access to School Board, Museum Park Metromover Station, and Greynolds Park.
Westchester
Average Rent
$1,804/Month
Year-Over-Year Rent Change
1.1%
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Westchester might be the perfect place! It has an average rent price of $1,804, while the city’s average stands at $2,244. In the last year, prices have increased by 1.1%. Westchester is near Univ. of Miami, Coral Gables, Gifford Arboretum, and Fairchild Tropical Botanic Garden.
Ives Estates
Average Rent
$1,813/Month
Year-Over-Year Rent Change
0.1%
Units Available
60 Rentals
Ives Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ives Estates is $1,813 while the city average is $2,244. This is a 0.1% difference from last year. Residents enjoy convenient access to RK California Club | North Miami, Miami International, and Johnson & Wales Univ., Miami.
Biscayne Gardens East
Average Rent
$1,839/Month
Year-Over-Year Rent Change
3.1%
Units Available
54 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Biscayne Gardens East. The average rent is $1,839, compared to the city average of $2,244. Rent prices have increased by 3.1%. Biscayne Gardens East is convenient to Enchanted Forest Elaine Gordon Park, 14700-14720 NE 6th Ave, and Johnson & Wales Univ., Miami.
Richmond Heights
Average Rent
$1,862/Month
Year-Over-Year Rent Change
5.1%
Units Available
14 Rentals
Richmond Heights is an affordable neighborhood in Miami with an average rent price of $1,862. Compare this to the city average of $2,244. In the past year, rent prices have decreased by 5.1%. Richmond Heights provides easy access to Bill Sadowski Park, Deering Estate, and Larry and Penny Thompson Park.
Little River
Average Rent
$1,866/Month
Year-Over-Year Rent Change
0.9%
Units Available
38 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Little River might be the perfect place! It has an average rent price of $1,866, while the city’s average stands at $2,244. In the last year, prices have increased by 0.9%. Little River is near Miami International, Little River Retail, and Gator 7800.
Andover
Average Rent
$1,905/Month
Units Available
10 Rentals
Andover is a top choice for budget-conscious renters for a variety of reasons. The average rent in Andover is $1,905 while the city average is $2,244. This is a 0% difference from last year. Residents enjoy convenient access to Saint Thomas University, Broward College, South Campus, and Miramar Pineland.
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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.