Cheapest Neighborhoods in Miami Beach, FL
Some of the cheapest neighborhoods in Miami Beach are Isle of Normandy Miami View, Biscayne Beach, and Tatum Waterway. These neighborhoods offer some of the lowest rent prices in Miami Beach, making them ideal for renters on a budget. As of August 3, 2026, the average rent in Miami Beach is $2,066, which is 0.4% lower 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.
Isle of Normandy Miami View
Average Rent
$1,840/Month
Units Available
21 Rentals
Isle of Normandy Miami View is an affordable neighborhood in Miami Beach with an average rent price of $1,840. Compare this to the city average of $2,066.
Biscayne Beach
Average Rent
$1,908/Month
Year-Over-Year Rent Change
0.6%
Units Available
26 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.
Tatum Waterway
Average Rent
$1,957/Month
Units Available
29 Rentals
If you’re looking for a great, affordable neighborhood in Miami Beach, Tatum Waterway might be the perfect place! It has an average rent price of $1,957, while the city’s average stands at $2,066.
Normandy Isles
Average Rent
$2,040/Month
Year-Over-Year Rent Change
1.5%
Units Available
34 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.
Haynsworth Beach
Average Rent
$2,081/Month
Units Available
20 Rentals
Haynsworth Beach is a top choice for budget-conscious renters for a variety of reasons. The average rent in Haynsworth Beach is $2,081 while the city average is $2,066.
Isle of Normandy Ocean Side
Average Rent
$2,123/Month
Units Available
32 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out Isle of Normandy Ocean Side. The average rent is $2,123, compared to the city average of $2,066.
Orchard
Average Rent
$2,212/Month
Units Available
11 Rentals
Orchard is an affordable neighborhood in Miami Beach with an average rent price of $2,212. Compare this to the city average of $2,066.
The Aviator
Average Rent
$2,386/Month
Units Available
39 Rentals
If you’re looking for a great, affordable neighborhood in Miami Beach, The Aviator might be the perfect place! It has an average rent price of $2,386, while the city’s average stands at $2,066.
Lenox Manor
Average Rent
$2,898/Month
Units Available
83 Rentals
Lenox Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lenox Manor is $2,898 while the city average is $2,066.
Flamingo
Average Rent
$3,170/Month
Year-Over-Year Rent Change
1.6%
Units Available
374 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.
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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.