Most Affordable Neighborhoods in Miami Beach, FL
Some of the cheapest neighborhoods in Miami Beach are Normandy Shores, Biscayne Beach, and Isle of Normandy Miami View. These neighborhoods offer some of the lowest rent prices in Miami Beach, making them ideal for renters on a budget. As of September 12, 2025, the average rent in Miami Beach is $1,990, which is 2.5% 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.
Normandy Shores
Average Rent
$1,903/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
46/100
Units Available
23 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.
Biscayne Beach
Average Rent
$1,922/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
47/100
Units Available
52 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
$1,926/Month
TransitScore® Rating
38/100
Units Available
37 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 $1,926, while the city’s average stands at $1,990. Isle of Normandy Miami View is near Enchanted Forest Elaine Gordon Park, FIU, Biscane Bay, and Miami International.
Tatum Waterway
Average Rent
$1,950/Month
TransitScore® Rating
50/100
Units Available
68 Rentals
Tatum Waterway is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tatum Waterway is $1,950 while the city average is $1,990. Residents enjoy convenient access to Barry University, Eleventh Street, and Bal Harbour Shops. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
Haynsworth Beach
Average Rent
$1,954/Month
TransitScore® Rating
47/100
Units Available
43 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out Haynsworth Beach. The average rent is $1,954, compared to the city average of $1,990. Haynsworth Beach is convenient to Eleventh Street, Bal Harbour Shops, and Oleta River State Park. The community is somewhat walkable with a WalkScore® of 61.
Normandy Isles
Average Rent
$1,976/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
44/100
Units Available
83 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
$2,000/Month
TransitScore® Rating
49/100
Units Available
65 Rentals
Isle of Normandy Ocean Side is an affordable neighborhood in Miami Beach with an average rent price of $2,000. Compare this to the city average of $1,990. Isle of Normandy Ocean Side provides easy access to Johnson & Wales Univ., Miami, Miami Children's Museum, and Village Square Plaza. It’s a walkable neighborhood with a WalkScore® of 89.
Orchard
Average Rent
$2,157/Month
TransitScore® Rating
59/100
Units Available
18 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 $2,157, while the city’s average stands at $1,990. Orchard is near New Rex Plaza/Inres, 1212 Lincoln Road, and Adrienne Arsht Center.
Beach Bay
Average Rent
$2,266/Month
TransitScore® Rating
46/100
Units Available
40 Rentals
Beach Bay is a top choice for budget-conscious renters for a variety of reasons. The average rent in Beach Bay is $2,266 while the city average is $1,990. Residents enjoy convenient access to Arch Creek Park & Nature Center, FIU, Biscane Bay, and Jungle Island. The neighborhood is considered somewhat walkable with a WalkScore® of 54.
The Aviator
Average Rent
$2,269/Month
TransitScore® Rating
51/100
Units Available
59 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out The Aviator. The average rent is $2,269, compared to the city average of $1,990. The Aviator is convenient to Bayfront Park, Fort Lauderdale/Hollywood International, and Miami Seaquarium. The community is walkable with a WalkScore® of 97.
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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.