Most Affordable Neighborhoods in Miami Beach, FL
Some of the cheapest neighborhoods in Miami Beach are Isle of Normandy Miami View, Tatum Waterway, and Haynsworth Beach. These neighborhoods offer some of the lowest rent prices in Miami Beach, making them ideal for renters on a budget. As of November 1, 2025, the average rent in Miami Beach is $2,016, which is 1.2% 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.
Isle of Normandy Miami View
Average Rent
$1,872/Month
TransitScore® Rating
38/100
Units Available
40 Rentals
If you’re looking for a great, affordable neighborhood in Miami Beach, Isle of Normandy Miami View might be the perfect place! It has an average rent price of $1,872, while the city’s average stands at $2,016. Isle of Normandy Miami View is near Museum Park Metromover Station, FIU, Biscane Bay, and Miami International.
Tatum Waterway
Average Rent
$1,918/Month
TransitScore® Rating
50/100
Units Available
66 Rentals
Tatum Waterway is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tatum Waterway is $1,918 while the city average is $2,016. Residents enjoy convenient access to Arch Creek Park & Nature Center, Adrienne Arsht Center, and Fort Lauderdale/Hollywood International. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
Haynsworth Beach
Average Rent
$1,925/Month
TransitScore® Rating
47/100
Units Available
48 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out Haynsworth Beach. The average rent is $1,925, compared to the city average of $2,016. Haynsworth Beach is convenient to Barry University, Arch Creek Park & Nature Center, and Bal Harbour Shops. The community is somewhat walkable with a WalkScore® of 61.
Biscayne Beach
Average Rent
$1,927/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
47/100
Units Available
45 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.
Normandy Shores
Average Rent
$1,951/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
46/100
Units Available
22 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.
Normandy Isles
Average Rent
$1,995/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
44/100
Units Available
86 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
$2,056/Month
TransitScore® Rating
49/100
Units Available
62 Rentals
Isle of Normandy Ocean Side is an affordable neighborhood in Miami Beach with an average rent price of $2,056. Compare this to the city average of $2,016. Isle of Normandy Ocean Side provides easy access to Oleta River State Park, School Board, and Adrienne Arsht Center. It’s a walkable neighborhood with a WalkScore® of 89.
Orchard
Average Rent
$2,093/Month
TransitScore® Rating
59/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Miami Beach, Orchard might be the perfect place! It has an average rent price of $2,093, while the city’s average stands at $2,016. Orchard is near Museum Park Metromover Station, Adrienne Arsht Center, and Miami Seaquarium.
The Aviator
Average Rent
$2,222/Month
TransitScore® Rating
51/100
Units Available
65 Rentals
The Aviator is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Aviator is $2,222 while the city average is $2,016. Residents enjoy convenient access to Miami Seaquarium, Miami International, and Bayfront Park. The neighborhood is considered walkable with a WalkScore® of 97.
Beach Bay
Average Rent
$2,421/Month
TransitScore® Rating
46/100
Units Available
43 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out Beach Bay. The average rent is $2,421, compared to the city average of $2,016. Beach Bay is convenient to Enchanted Forest Elaine Gordon Park, Bal Harbour Shops, and FIU, Biscane Bay. The community is somewhat walkable with a WalkScore® of 54.
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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.