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
Isle of Normandy Miami View is an affordable neighborhood in Miami Beach with an average rent price of $1,828. Compare this to the city average of $2,084. Isle of Normandy Miami View provides easy access to Fort Lauderdale/Hollywood International, Johnson & Wales Univ., Miami, and School Board.
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
1.1%
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
1.7%
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
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 $2,076, while the city’s average stands at $2,084. Orchard is near Arch Creek Park & Nature Center, Park West, and School Board.
The Aviator
Average Rent
$2,229/Month
Units Available
50 Rentals
The Aviator is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Aviator is $2,229 while the city average is $2,084. Residents enjoy convenient access to Adrienne Arsht Center, The Gateway to Miami Beach, and Museum Park Metromover Station.
Surprise Lake
Average Rent
$2,563/Month
Units Available
14 Rentals
When you’re looking for a great Miami Beach neighborhood on a budget, check out Surprise Lake. The average rent is $2,563, compared to the city average of $2,084. Surprise Lake is convenient to Ocean Steps Retail, Adrienne Arsht Center, and Miami Dade College, Medical.
Beach Bay
Average Rent
$2,568/Month
Units Available
33 Rentals
Beach Bay is an affordable neighborhood in Miami Beach with an average rent price of $2,568. Compare this to the city average of $2,084. Beach Bay provides easy access to Miami International, Eleventh Street, and Adrienne Arsht Center.
Lenox Manor
Average Rent
$2,903/Month
Units Available
101 Rentals
If you’re looking for a great, affordable neighborhood in Miami Beach, Lenox Manor might be the perfect place! It has an average rent price of $2,903, while the city’s average stands at $2,084. Lenox Manor is near Jungle Island, Bayfront Park, and Adrienne Arsht Center.
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.