Cheap Apartments for Rent in Key Largo, FL from $500 (20 Rentals)

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Tradewinds Hammocks
1 to 3 Bedroom Apartments

Tradewinds Hammocks

100 Hammocks TrlKey Largo, FL 33037
  • Utilities Included

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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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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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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Windmill Farms
1 to 3 Bedroom Apartments

Windmill Farms

12871 SW 242nd StHomestead, FL 33032
Showing Results 1-20, Page 1 of 1

Key Largo, FL Local Guide

Cheapest Neighborhoods for Apartments in Key Largo, FL

Pricing Updated: 01/22/2026

Current apartment rentals in the Key Largo, 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 Largo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Garden Cove$2,835$2,2005
Sunset Point$17,017$1,7004

Cheapest Available Key Largo Apartments for Rent

 

The cheapest available apartment rental in Key Largo, FL is a 2 Beds unit found at Naranja Grand II in the Modello neighborhood priced from $512. Winchester Gardens in the Outer Homestead South Dade neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,053. Here is today’s list of the most affordable Key Largo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Naranja Grand IITwo Bedrooms2BR,2BA$512
Winchester GardensPlan A1BR,1BA$1,053
Cabana Club1 Bedroom1BR,1BA$1,092
Riverwalk I ApartmentsOne Bedroom1BR,1BA$1,109
Mango Way ApartmentsSTUDIOStudio,1BA$1,235

Best Value Apartments for Rent in Key Largo, FL

As of January 22, 2026 the best value apartment in the Key Largo area is the $1.77 price per square foot TH4 Renovated Model at Seascape Pointe Townhomes in the in the Outer Homestead South Dade neighborhood starting from $2,650. The second greatest value Key Largo 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 Key Largo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Seascape Pointe TownhomesTH4 Renovated4BR,3BA$1.77
Ambar Trail3 Beds, 2 baths3BR,2BA$1.71
Ambar Key Homes2 Beds, 2.5 baths2BR,2.5BA$1.59
Venice At Crystal LakesPicasso II2BR,2BA$1.89
Riverwalk I ApartmentsThree Bedroom Farmworker3BR,2BA$1.95
Naranja Grand IITwo Bedrooms2BR,2BA$0.56
Cordova Estates1 Bed, 1 bath1BR,1BA$1.80
Fair OaksA-11BR,1BA$1.88
Gardens of Homestead1 Bed 1 Bath1BR,1BA$1.85
Cabana Club1 Bedroom1BR,1BA$1.70

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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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

Explore Key Largo, FL Rentals by Map

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Frequently Asked Questions about Cheap Key Largo Apartments

What is a cheap apartment in Key Largo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Key Largo is under $1,350.

What is the price of a cheap apartment in Key Largo?

The cheapest apartment in Key Largo is Winchester Gardens which is listed at $1,053, while the average apartment in Key Largo costs $9,926.

What types of apartments are the cheapest in Key Largo?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Key Largo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Key Largo?

Cheap apartments in Key Largo have an average cost of $796 which is $9,130 cheaper than the average rent for all rentals in Key Largo.

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

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

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

Written by: Christine Leonard, Esq.

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.