Most Affordable Neighborhoods in Miami Beach, FL
Some of the cheapest neighborhoods in Miami Beach are Biscayne Beach, Isle of Normandy Miami View, 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 July 28, 2025, the average rent in Miami Beach is $1,965, which is 1.5% 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.
Biscayne Beach
Average Rent
$1,852/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
47/100
Units Available
50 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.
Isle of Normandy Miami View
Average Rent
$1,932/Month
TransitScore® Rating
38/100
Units Available
36 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out Isle of Normandy Miami View. The average rent is $1,932, compared to the city average of $1,965. Isle of Normandy Miami View is convenient to School Board, Eleventh Street, and AI Miami. The community is somewhat walkable with a WalkScore® of 56.
Tatum Waterway
Average Rent
$1,958/Month
TransitScore® Rating
50/100
Units Available
62 Rentals
Tatum Waterway is an affordable neighborhood in Miami Beach with an average rent price of $1,958. Compare this to the city average of $1,965. Tatum Waterway provides easy access to School Board, Greynolds Park, and Park West. It’s a somewhat walkable neighborhood with a WalkScore® of 66.
Normandy Shores
Average Rent
$1,985/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
46/100
Units Available
27 Rentals
Normandy Shores is known for its golf course and scenic views of Biscayne Bay. Renters in Normandy Shores appreciate the proximity to parks, local shops, and restaurants. The area provides a tranquil setting with easy access to nearby beaches and downtown Miami.
Haynsworth Beach
Average Rent
$2,010/Month
TransitScore® Rating
47/100
Units Available
43 Rentals
If you’re looking for a great, affordable neighborhood in Miami Beach, Haynsworth Beach might be the perfect place! It has an average rent price of $2,010, while the city’s average stands at $1,965. Haynsworth Beach is near Barry University, Greynolds Park, and Enchanted Forest Elaine Gordon Park.
Normandy Isles
Average Rent
$2,053/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
44/100
Units Available
97 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.
Isle of Normandy Ocean Side
Average Rent
$2,063/Month
TransitScore® Rating
49/100
Units Available
83 Rentals
Isle of Normandy Ocean Side is a top choice for budget-conscious renters for a variety of reasons. The average rent in Isle of Normandy Ocean Side is $2,063 while the city average is $1,965. Residents enjoy convenient access to School Board, AI Miami, and Park West. The neighborhood is considered walkable with a WalkScore® of 89.
Beach Bay
Average Rent
$2,081/Month
TransitScore® Rating
46/100
Units Available
46 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out Beach Bay. The average rent is $2,081, compared to the city average of $1,965. Beach Bay is convenient to Arch Creek Park & Nature Center, Park West, and FIU, Biscane Bay. The community is somewhat walkable with a WalkScore® of 54.
Orchard
Average Rent
$2,188/Month
TransitScore® Rating
59/100
Units Available
12 Rentals
Orchard is an affordable neighborhood in Miami Beach with an average rent price of $2,188. Compare this to the city average of $1,965. Orchard provides easy access to School Board, Miami Dade College, Wolfson, and Park West. It’s a walkable neighborhood with a WalkScore® of 88.
The Aviator
Average Rent
$2,210/Month
TransitScore® Rating
51/100
Units Available
50 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 $2,210, while the city’s average stands at $1,965. The Aviator is near Miami Children's Museum, AI Miami, and Miami International.
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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.