Cheap Apartments for Rent in Islamorada, FL from $500 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in Islamorada.

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Wet Net Villas
3 Bedroom Apartments

Wet Net Villas

81101 Overseas HwyIslamorada, FL 33036
  • Utilities Included
property at 87455 Old Hwy

$2,900 - $5,500

2 Bedroom Rentals

Available Now

87455 Old Hwy

IslamoradaFL33036

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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The Olivia
Rent Specials
$1,766 - $3,815
Total Monthly Price

Total Monthly Price

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$1,766 - $3,815
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1 to 3 Bedroom Apartments Available Now

The Olivia

14981 SW 283rd StHomestead, FL 33033
Affordability
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  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Resia Biscayne Drive
Rent Specials
$1,769 - $3,338
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$1,769 - $3,338
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1 to 3 Bedroom Apartments Available Now

Resia Biscayne Drive

14155 SW 288th StHomestead, FL 33033
Corporate Housing
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  • Low Income
  • 3D Tour
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Casa Princeton
Rent Specials
$1,925 - $3,042
Total Monthly Price

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$1,925 - $3,042
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1 to 3 Bedroom Apartments Available Now

Casa Princeton

12835 SW 246th TerHomestead, FL 33032
Affordability
  • Verified
  • 3D Tour

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Cordova Estates
1 to 3 Bedroom Apartments

Cordova Estates

301 E Davis PkyFlorida City, FL 33034
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Windmill Farms
1 to 3 Bedroom Apartments

Windmill Farms

12871 SW 242nd StHomestead, FL 33032
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Fair Oaks
1 to 2 Bedroom Apartments

Fair Oaks

29003 S Dixie HwyHomestead, FL 33033
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Islamorada, FL Local Guide

Cheapest Available Islamorada Apartments for Rent

 

The cheapest available apartment rental in Islamorada, FL is a 1 Bed unit found at Cabana Club in the Outer Homestead South Dade neighborhood priced from $1,092. Mango Way Apartments in the Outer Homestead South Dade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. Here is today’s list of the most affordable Islamorada apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cabana Club1 Bedroom1BR,1BA$1,092
Mango Way ApartmentsSTUDIOStudio,1BA$1,245
Gardens of Homestead1 Bed 1 Bath1BR,1BA$1,274
Orchid Grove1x11BR,1BA$1,297
Riverwalk I Apartments1 Bed 1 Bath1BR,1BA$1,349
Lanai Landings1/11BR,1BA$1,500
Woodland Grove1 Bedrooms A1BR,1BA$1,541
Winchester Gardens2 Bed 1 Bath2BR,1BA$1,541
Jubilee Courtyards2BR2BR,2BA$1,562
Verbena1 Bed, 1 bath1BR,1BA$1,566

Best Value Apartments for Rent in Islamorada, FL

As of April 11, 2026 the best value apartment in the Islamorada area is the $1.59 price per square foot TH3 Model at Seascape Pointe Townhomes in the in the Outer Homestead South Dade neighborhood starting from $2,200. The second greatest value Islamorada apartment is the 3 Beds, 2 baths Model at Ambar Trail starting at $2,099 with a $1.71 price per square foot in the Modello neighborhood. Here is today’s list of the best values for Islamorada apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Seascape Pointe TownhomesTH33BR,2.5BA$1.59
Ambar Trail3 Beds, 2 baths3BR,2BA$1.71
Venice At Crystal LakesPicasso II2BR,2BA$1.84
Riverwalk I Apartments2 Bed 1 Bath2BR,1BA$1.90
Jubilee Courtyards2BR2BR,2BA$1.91
Winchester Gardens2 Bed 1 Bath2BR,1BA$2.04
Woodland Grove1 Bedrooms A1BR,1BA$2.05
Gardens of Homestead1 Bed 1 Bath1BR,1BA$1.85
Orchid Grove1x11BR,1BA$1.96
Cabana Club1 Bedroom1BR,1BA$1.70

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Islamorada Apartments

How much is rent for a Cheap One Bedroom Islamorada Apartment?

The lowest price for a Cheap One Bedroom Islamorada Apartment is $1,092 at Cabana Club.

What is the lowest price for a Cheap Two Bedroom Islamorada Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Islamorada is starting from $1,541 at Winchester Gardens.

What is the most affordable Islamorada Three Bedroom Apartment?

The best deal on a cheap Islamorada Three Bedroom Apartment rental is at Orchid Grove and starts from $1,804.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.