This Studio is the least expensive Short Term Rental in South Beach. Only 5 or 6 buildings in South Beach are legally allowed to rent units Short Term.. There is huge profit in Short Term Rentals Vs. annual rentals. The unit has been grossing $3,000 per m onth. It's VERY small and has no view but Budget minded guests don't mind. The unit rents for $89 weeknights and $129 weekends.. As Hotel Prices Rise so does your income. You could probably raise rates right now. Building has Direct Beach access Pool.