5 Affordable Neighborhoods in Miami, FL
Enchanted by the Magic City? These five affordable Miami neighborhoods make living in this sun-drenched city spellbinding.
Located in the heart of southeastern Florida, Miami is a vibrant city with a distinct international appeal. Miami’s diversity is evident in its neighborhoods, from the artistic allure of Wynwood and the financial prowess of Brickell to the dance halls of Little Havana and the tranquil vibe of Coconut Grove. Downtown Miami is at the city’s core, boasting the third-tallest skyline in the U.S. alongside the picturesque Biscayne Bay.
Miami’s rental options are also incredibly diverse, from luxury apartments and beachfront condos in the city center to cozy townhomes and spacious houses in the suburbs. Miami offers plenty to do outside the home. Residents and visitors alike enjoy perusing the extensive exhibits at the Perez Art Museum, Phillip and Patricia Frost Museum of Science, Miami Children’s Museum, and Vizcaya Museum and Gardens. Miami loves their sports, cheering on the MLB Marlins at LoanDepot Park, NBA Heat at Miami-Dade Arena, and NFL Dolphins at Hard Rock Stadium in Miami Gardens. Shopping and dining options are also abundant in Miami, with mainstays like Bayside Marketplace, CocoWalk, Shops at Merrick Park, Calle Ocho, and many more.
Miami is home to several prominent universities, such as the University of Miami, Florida International University, and Barry University as well as Miami Dade College. Miami residents enjoy easy beach access in neighboring Miami Beach and on Key Biscayne. Although the city is working on increasing access to public transit with the Tri-Rail, Metromover, and Metrobuses, getting around by car is still the most common mode of transportation.
The Miami skyline on a cloudy day
Cruising along the coast of Miami
A dramatic Miami sunset
The historic Vizcaya Museum and Gardens is located in the Coconut Grove neighborhood
A pedestrian walkway in the Design District
Shopping in the Design District
As of December 2025, the average apartment rent in Miami, FL is $2,070 for a studio, $2,200 for one bedroom, $2,762 for two bedrooms, and $3,538 for three bedrooms. Apartment rent in Miami has increased by 0.8% in the past year.
The cost of living in Miami, FL is 20.1% higher than the national average. Generally, housing in Miami is 58.5% more expensive than the national average, with rent falling between $2,073 - $3,539. You can expect to pay 10.0% more for groceries, 3.1% more for utilities, and 0.5% less for transportation.
Enchanted by the Magic City? These five affordable Miami neighborhoods make living in this sun-drenched city spellbinding.
Thinking about moving to Miami? Locals share everything you need to know about life in the Magic City, from traffic to festivals and from jobs to the weather.
Looking for a great apartment in Miami? Here are some tips on how to find your perfect home.
Thinking about moving to Miami? Here are some pros and cons of living in the Magic City to help you decide.
Want a peek into the lives of the rich and famous? Here are the top five most lavish rentals in Miami.
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Norma Butler Bossard Elementary School
Public
Grades PK-5
1,042 Students
Public
Grades PK-5
915 Students
Public
Grades PK-5
770 Students
Kendale Lakes Elementary School
Public
Grades PK-5
693 Students
Public
Grades PK-5
666 Students
Herbert A. Ammons Middle School
Public
Grades 6-8
1,005 Students
Public
Grades 8-12
3,243 Students
Public
Grades 6-12
1,788 Students
Public
Grades PK-8
1,204 Students
Public
Grades 6-8
1,024 Students
Terra Environmental Research Institute
Public
Grades 9-12
1,619 Students
School For Advanced Studies - South
Public
Grades 11-12
284 Students
School For Advanced Studies North
Public
Grades 11-12
132 Students
School For Advanced Studies-Wolfson
Public
Grades 11-12
129 Students
Public
Grades 8-12
3,243 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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883
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159
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10
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.