Cheap Apartments for Rent in Key Biscayne, FL from $1,000 (15 Rentals)

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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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723 2nd St
Studio Apartments

723 2nd St

723 2nd StMiami Beach, FL 33139

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3201 Aviation Avenue
Studio to 1 Bedroom Apartments

3201 Aviation Avenue

3201 Aviation AveCoconut Grove, FL 33133
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Legacy at The Roads
1 to 2 Bedroom Apartments

Legacy at The Roads

2110 SW 3rd AveMiami, FL 33129
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555 SW 4Th ST
1 to 2 Bedroom Apartments

555 SW 4Th ST

555 SW 4th StMiami, FL 33130

Miami Unfiltered: A Born-and-Raised Local Experts Guide to Where Locals Love to Live

Miami is huge! Explore the best places to live, from booming Miami Gardens and North Miami to trendy Brickell and Little Havana, with a true local's expert advice.

Key Biscayne, FL Local Guide

Cheapest Neighborhoods for Apartments in Key Biscayne, FL

Pricing Updated: 01/23/2026

Current apartment rentals in the Key Biscayne, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Key Biscayne Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Bill Baggs Cape Florida State Park$80,000$3,2004

Cheapest Available Key Biscayne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Key Biscayne, FL is a Studio unit found at Gibraltar Apartments in the Coral Way neighborhood priced from $1,600. 3270 West Trade Avenue in the Golden Pines neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,890. Here is today’s list of the most affordable Key Biscayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gibraltar ApartmentsSTUDIOStudio,1BA$1,600
3270 West Trade Avenue1/11BR,1BA$1,890
3201 Aviation Avenue0BR/1.0BAStudio,1BA$1,940
East River Living – Elevated in Little Havana.0 Bedroom 1 BathroomStudio,1BA$1,979
Ram Miami River South Apartments1 Bedroom, 1 Bathroom1BR,1BA$2,120

Best Value Apartments for Rent in Key Biscayne, FL and Nearby

As of January 23, 2026 the best value apartment in the Key Biscayne area is the $2.95 price per square foot 2 Bedroom Model at Silver Bluff Underline in the in the East Coconut Grove neighborhood starting from $2,998. The second greatest value Key Biscayne apartment is the One Bed Model at Montserrat Apartments starting at $2,250 with a $2.37 price per square foot in the Coral Way neighborhood. Here is today’s list of the best values for Key Biscayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Silver Bluff Underline2 Bedroom2BR,2BA$2.95
Montserrat ApartmentsOne Bed1BR,1BA$2.37
Grove Station TowerD1BR,1BA$3.43
Ram Miami River South Apartments1 Bedroom, 1 Bathroom1BR,1BA$2.85
Legacy at BrickellModel A21BR,1BA$3.23
1550 Brickell Ave1 Bedroom/1 Bathroom1BR,1BA$3.93
The Vibe MiamiA51BR,1BA$3.79
Grand Station1 Bed 1 Bath (1B-1)1BR,1BA$3.56
Legacy at The RoadsModel A11BR,1BA$3.39
Gibraltar ApartmentsSTUDIOStudio ,1BA$3.76

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Student Living Made Easy: Great Miami Neighborhoods to Rent Near Campus

A Local Expert’s Guide to Student Friendly Neighborhoods Near Colleges and Universities in Miami. Find your perfect Miami, FL area student apartment, condo, or rental home today at ApartmentHomeliving.com

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

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Frequently Asked Questions about Cheap Key Biscayne Apartments

What is the Cheapest Studio apartment in Key Biscayne?

Currently the most affordable Cheap Studio Apartment in Key Biscayne is at Gibraltar Apartments listed at $1,600.

How much is rent for a Cheap One Bedroom Key Biscayne Apartment?

The lowest price for a Cheap One Bedroom Key Biscayne Apartment is $2,120 at Ram Miami River South Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Key Biscayne is starting from $2,550 at Gibraltar Apartments.

What is the most affordable Key Biscayne Three Bedroom Apartment?

The best deal on a cheap Key Biscayne Three Bedroom Apartment rental is at Gibraltar Apartments and starts from $2,950.

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.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Miami, FL

Written by: Kelly Reising

I’m Kelly, your ApartmentHomeLiving.com local expert from Miami, Florida. I’ve lived in Miami for a while now, and it’s truly one of the most exciting, vibrant, and beautiful places to live.

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Student Living Made Easy: Great Miami Neighborhoods to Rent Near Campus

Written by: Allaire Williams

Whether you’re starting your first semester or just need a change of scenery, finding the right place to live during college makes a difference.

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Miami Unfiltered: A Born-and-Raised Guide to Where Locals Love to Live

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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.

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Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.