Best Affordable Neighborhoods in Miami Beach, FL
Some of the cheapest neighborhoods in Miami Beach are Isle of Normandy Miami View, Normandy Isles, and Normandy Shores. These neighborhoods offer some of the lowest rent prices in Miami Beach, making them ideal for renters on a budget. As of March 20, 2026, the average rent in Miami Beach is $2,084, which is 0.8% 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
$1,828/Month
Units Available
39 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 $1,828, compared to the city average of $2,084. Isle of Normandy Miami View is convenient to Adrienne Arsht Center, Museum Park Metromover Station, and El Novillo.
Normandy Isles
Average Rent
$1,928/Month
Year-Over-Year Rent Change
0.9%
Units Available
78 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.
Normandy Shores
Average Rent
$1,947/Month
Year-Over-Year Rent Change
1%
Units Available
20 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
$1,952/Month
Year-Over-Year Rent Change
1.6%
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.
Orchard
Average Rent
$2,076/Month
Units Available
11 Rentals
Orchard is an affordable neighborhood in Miami Beach with an average rent price of $2,076. Compare this to the city average of $2,084. Orchard provides easy access to Univ. of Miami, Uhealth, Miami Seaquarium, and Museum Park Metromover Station.
The Aviator
Average Rent
$2,229/Month
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 $2,229, while the city’s average stands at $2,084. The Aviator is near Fort Lauderdale/Hollywood International, Miami Dade College, Wolfson, and College/Bayside.
Surprise Lake
Average Rent
$2,563/Month
Units Available
14 Rentals
Surprise Lake is a top choice for budget-conscious renters for a variety of reasons. The average rent in Surprise Lake is $2,563 while the city average is $2,084. Residents enjoy convenient access to Miami Children's Museum, Lincoln & Collins, and Miami International.
Beach Bay
Average Rent
$2,568/Month
Units Available
33 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out Beach Bay. The average rent is $2,568, compared to the city average of $2,084. Beach Bay is convenient to AHM 71st Street, Bal Harbour Shops, and Eleventh Street.
Lenox Manor
Average Rent
$2,903/Month
Units Available
101 Rentals
Lenox Manor is an affordable neighborhood in Miami Beach with an average rent price of $2,903. Compare this to the city average of $2,084. Lenox Manor provides easy access to AI Miami, Miami Children's Museum, and Jungle Island.
Lummus Park
Average Rent
$3,028/Month
Units Available
19 Rentals
Lummus Park is known for its beachfront location and proximity to Ocean Drive. Enjoy historic Art Deco buildings and modern apartments with easy access to the park, beach, and nightlife. The area is ideal for renters seeking an active, urban lifestyle by the sea.
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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.