Most Affordable Neighborhoods in Miami, FL
Some of the cheapest neighborhoods in Miami are The Hammocks, Kendale Lakes/Kendall West, and Flagami. These neighborhoods offer some of the lowest rent prices in Miami, making them ideal for renters on a budget. As of April 29, 2025, the average rent in Miami is $2,162, 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.
The Hammocks
Average Rent
$2,236/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
27/100
Units Available
376 Rentals
If you’re looking for a great, affordable neighborhood in Miami, The Hammocks might be the perfect place! It has an average rent price of $2,236, while the city’s average stands at $2,162. In the last year, prices have increased by 1.1%. The Hammocks is near Bill Sadowski Park, Fort Lauderdale/Hollywood International, and Miami Dade College, Kendall.
Kendale Lakes/Kendall West
Average Rent
$2,241/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
25/100
Units Available
324 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 $2,241 while the city average is $2,162. This is a 3.3% difference from last year. Residents enjoy convenient access to Miller West Plaza, FIU, Modesto Maidique, and Zoo Miami. The neighborhood is considered somewhat walkable with a WalkScore® of 56.
Flagami
Average Rent
$2,337/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
36/100
Units Available
182 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Flagami. The average rent is $2,337, compared to the city average of $2,162. Rent prices have increased by 1.2%. Flagami is convenient to Miami Science Museum - Closed, USAHS, and Gifford Arboretum. The community is walkable with a WalkScore® of 75.
Allapattah
Average Rent
$2,380/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
59/100
Units Available
261 Rentals
Allapattah is an affordable neighborhood in Miami with an average rent price of $2,380. Compare this to the city average of $2,162. In the past year, rent prices have decreased by 1.6%. Allapattah provides easy access to Vizcaya Museum and Gardens, Jungle Island, and AI Miami. It’s a walkable neighborhood with a WalkScore® of 80.
Glenvar Heights
Average Rent
$2,478/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
34/100
Units Available
153 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Glenvar Heights might be the perfect place! It has an average rent price of $2,478, while the city’s average stands at $2,162. In the last year, prices have decreased by 0.2%. Glenvar Heights is near Dadeland North Shopping Center, The Kampong, and Miami Intl Airport Ground Level.
Little Havana
Average Rent
$2,524/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
59/100
Units Available
605 Rentals
Little Havana is a top choice for budget-conscious renters for a variety of reasons. The average rent in Little Havana is $2,524 while the city average is $2,162. This is a 0.8% difference from last year. Residents enjoy convenient access to Beta Shopping Center, Miami Dade Coll., InterAm., and Miami Avenue. The neighborhood is considered walkable with a WalkScore® of 87.
Downtown Kendall
Average Rent
$2,541/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
57/100
Units Available
204 Rentals
When you’re looking for a great Miami neighborhood on a budget, check out Downtown Kendall. The average rent is $2,541, compared to the city average of $2,162. Rent prices have increased by 1%. Downtown Kendall is convenient to Fairchild Tropical Botanic Garden, Brickell (Metromover), and Miami International. The community is walkable with a WalkScore® of 76.
Coral Way
Average Rent
$2,730/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
47/100
Units Available
188 Rentals
Coral Way is an affordable neighborhood in Miami with an average rent price of $2,730. Compare this to the city average of $2,162. In the past year, rent prices have increased by 1.1%. Coral Way provides easy access to Financial District, USAHS, and Coral Way Shoppes. It’s a walkable neighborhood with a WalkScore® of 88.
Northeast Coconut Grove
Average Rent
$2,947/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
52/100
Units Available
205 Rentals
If you’re looking for a great, affordable neighborhood in Miami, Northeast Coconut Grove might be the perfect place! It has an average rent price of $2,947, while the city’s average stands at $2,162. In the last year, prices have increased by 0.4%. Northeast Coconut Grove is near The Barnacle Historic State Park, Grove Center, and USAHS.
Media & Entertainment District
Average Rent
$3,135/Month
Year-Over-Year Rent Change
3.8%
TransitScore® Rating
85/100
Units Available
238 Rentals
Media & Entertainment District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Media & Entertainment District is $3,135 while the city average is $2,162. This is a 3.8% difference from last year. Residents enjoy convenient access to Museum Park Metromover Station, Adrienne Arsht Center, and Miami Science Museum - Closed. The neighborhood is considered walkable with a WalkScore® of 93.
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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.