Top 10 Economy Hotels in Miami

Miami isn’t just glitz, glam, and luxury. It’s also home to some of the most charming and affordable places to stay. Whether you’re a solo adventurer or a family of four, there’s an economy hotel in Miami ready to welcome you. These spots combine comfort, convenience, and character. They prove you don’t have to break the bank to enjoy the city’s sun and soul. From cheap hotels in Miami near the beach to budget hotels in Miami downtown, this list covers them all.

Selina Miami River

Selina Miami River blends affordability with tropical flair. Nestled in East Little Havana, this artsy gem is full of surprises. It features shared and private rooms, a cozy garden, and a pool shaded by palm trees. You’ll also find a café, co-working space, and yoga sessions. It’s a top pick for travelers looking for relaxation and culture on a budget. Everything here screams chill vibes with community spirit. Despite being a budget hotel in Miami, it doesn’t skimp on style. And with the Miami River nearby, peaceful walks are a bonus.

• Rating: 3 Star
• Neighborhood: Little Havana
• Price Range: $80 – $150
• Best for: Solo travelers, digital nomads
• Nearby Attractions: Calle Ocho, Brickell City Centre, Miami Riverwalk

The Tropics Hotel and Hostel

Located in South Beach, this colorful spot is a hotspot for beachgoers. It’s just a short walk from the ocean. You’ll love the palm-lined pool and laid-back vibes. The rooms are simple, but clean and comfortable. This place is perfect if you want to explore Miami Beach without splurging. The Tropics offers shared dorms and private rooms. Plus, you get a communal kitchen to cook your own meals. It’s a great pick for people who love freedom and social energy. Cheap hotels in Miami rarely put you this close to the sand.

• Rating: 2 Star
• Neighborhood: South Beach
• Price Range: $60 – $130
• Best for: Backpackers, solo travelers
• Nearby Attractions: Ocean Drive, Lummus Park, Art Deco Historic District

Freehand Miami

Freehand Miami feels like a cool beach retreat. It’s a boutique hostel with tons of charm. Located just off Indian Creek, it features a lush courtyard and a trendy bar. The Broken Shaker bar is famous among locals. Rooms range from shared bunks to private king suites. It blends affordability with elegance. This is a prime example of how affordable hotels in Miami can feel upscale. The place bursts with life, color, and creativity. It’s ideal for travelers who want to meet people and still enjoy quality lodging.

• Rating: 3 Star
• Neighborhood: Mid-Beach
• Price Range: $70 – $160
• Best for: Young couples, groups of friends
• Nearby Attractions: Miami Beach Boardwalk, Bass Museum of Art, Lincoln Road Mall

The Julia Hotel

The Julia is an adults-only boutique hotel in South Beach. It offers peace and privacy in a stylish setting. Just a block from the beach, you’ll wake up to salty air and ocean vibes. Rooms are small but smartly designed. The hotel provides a continental breakfast, free Wi-Fi, and designer décor. It’s an ideal economy hotel in Miami for romantic getaways. Every corner of this place feels cozy and curated. You get beach-town romance without the high price. It’s quiet, clean, and incredibly photogenic.

• Rating: 3 Star
• Neighborhood: South of Fifth (SoFi)
• Price Range: $90 – $180
• Best for: Couples, honeymooners
• Nearby Attractions: South Pointe Park, Joe’s Stone Crab, Nikki Beach

YVE Hotel Miami

This trendy downtown hotel brings together modern design and comfort. Located near Bayfront Park, YVE is close to everything. Whether you’re catching a cruise or heading to the arena, it’s all nearby. Rooms feature city or bay views. The on-site bar is lively and perfect for evening drinks. You also get easy access to transit and shopping. For business travelers and tourists alike, it hits the sweet spot. It’s stylish yet budget-friendly. It’s one of the best economy hotels in Miami for access and ambiance.

• Rating: 3 Star
• Neighborhood: Downtown Miami
• Price Range: $100 – $200
• Best for: Business travelers, cruise passengers
• Nearby Attractions: Bayside Marketplace, Kaseya Center, Freedom Tower

Hotel Shelley

Hotel Shelley is a budget boutique hotel with art deco charm. It’s in the heart of South Beach, steps from the ocean. Rooms have minimalist designs and comfy beds. It offers free airport shuttle service and a lively happy hour. This hotel is ideal for travelers who want location and fun. It’s not fancy, but it delivers value. And it’s within walking distance to nightlife and cafes. Among cheap Miami hotels, this one gets you the most nightlife for your buck.

• Rating: 2 Star
• Neighborhood: South Beach
• Price Range: $70 – $140
• Best for: Partygoers, solo tourists
• Nearby Attractions: Española Way, Lincoln Road, Miami Beach

The Vagabond Hotel

This retro-style hotel is a nod to 1950s Miami. Located in the MiMo District, it’s stylish and fun. The rooms are colorful, modern, and spacious. You’ll find a funky pool, outdoor bar, and vintage décor. It used to be a motel, but now it’s a boutique stay. Travelers who love design and value will adore this spot. It’s a unique mix of cool and comfort. Budget hotels in Miami rarely look this good. Plus, it’s in a quieter area with plenty of charm.

• Rating: 3 Star
• Neighborhood: Miami Modern (MiMo) District
• Price Range: $110 – $190
• Best for: Design lovers, couples
• Nearby Attractions: Upper East Side, Design District, Biscayne Bay

Albion Hotel

Located just off Lincoln Road, the Albion is a modern hotel with a vintage soul. It features an art deco façade, rooftop pool, and stylish rooms. It’s walking distance to shopping, food, and nightlife. Guests love the poolside lounge chairs and calm ambiance. Despite its elegance, it remains an affordable hotel in Miami. Service is friendly and rooms are well-kept. It’s ideal for those who want both relaxation and access to the action.

• Rating: 3 Star
• Neighborhood: South Beach
• Price Range: $90 – $170
• Best for: Families, leisure travelers
• Nearby Attractions: Lincoln Road Mall, The Fillmore, South Beach

Life House, Little Havana

This boutique hotel in Little Havana is full of culture and class. With Cuban-inspired décor and rooftop views, it feels like home. Rooms are elegant yet earthy. You’ll find vintage books, handmade furniture, and tropical touches. It offers a rooftop café, library, and community vibe. This is one of the most unique budget hotels in Miami. Guests enjoy its immersive experience and quiet charm. It’s perfect for a soulful stay in a lively neighborhood.

• Rating: 4 Star
• Neighborhood: Little Havana
• Price Range: $120 – $200
• Best for: Culture lovers, couples
• Nearby Attractions: Domino Park, Ball & Chain, Tower Theater

Riviera Hotel South Beach

The Riviera offers a tropical escape with a splash of glam. Located in South Beach, it has lush courtyards and rooftop pools. Rooms feature sleek designs and kitchenettes. You get beach access, a garden lounge, and a rooftop bar. It’s a favorite among guests looking for style and space. Though upscale in vibe, it’s a cheap Miami hotel by local standards. It’s vibrant, polished, and close to all the action. If you love elegance without the price tag, this one’s for you.

• Rating: 4 Star
• Neighborhood: South Beach
• Price Range: $130 – $210
• Best for: Couples, weekend getaways
• Nearby Attractions: Miami Beach Convention Center, Bass Museum, Collins Park

Conclusion

Miami is bursting with personality, and so are its economy hotels. From cheap Miami hotels to affordable hotels in Miami Beach, there’s something for every kind of traveler. Whether you’re here for sun, fun, or culture, these places let you stay smart. They bring the heart of the city closer without emptying your wallet. So next time you visit, consider skipping the pricey resorts. Choose charm, community, and convenience instead. Stay in one of these budget hotels in Miami and enjoy the best of both worlds. Affordable luxury is just a booking away!