
Cheap Apartments for Rent in Key West, FL from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Key West.


Ocean Walk

The Quarry
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.
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.
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.
Key West, FL Local Guide

How much does it cost to rent an apartment in Key West?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Key West Studio Apartments | $2,915 | $2,660 | $3,223 |
Cheap Key West 1 Bedroom Apartments | $3,011 | $2,735 | $3,475 |
Cheap Key West 2 Bedroom Apartments | $3,503 | $2,975 | $5,000 |
Cheap Key West 3 Bedroom Apartments | $4,124 | $3,715 | $4,666 |
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Key West, FL Local Guide
- Key West Neighborhoods
- Nearby Cities
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- Local Counties
Cheapest Neighborhoods for Apartments in Key West, FL
Pricing Updated: 07/25/2025Current apartment rentals in the Key West, 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 West Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Key West Golf Club | $4,105 | $2,309 | 16 |
New Town | $4,105 | $2,309 | 16 |
Cheapest Available Key West Apartments for Rent
 The cheapest available apartment rental in Key West, FL is a 1 Bed unit found at The Quarry priced from $2,735. Ocean Walk in the Key West Golf Club neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,781. Here is today’s list of the most affordable Key West apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Quarry | Cayo Cove | 1BR,1BA | $2,735 |
Ocean Walk | The Sand Dollar | 1BR,1BA | $2,781 |
Arrive Key West | Apex | 1BR,1BA | $3,050 |
Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $3,600 |
Best Value Apartments for Rent in Key West, FL
As of July 25, 2025 the best value apartment in the Key West area is the $4.50 price per square foot 5555 College Road - 5531 College Rd; Unit 2 553... Model at Sunset Marina in the in the Key West Golf Club neighborhood starting from $3,600. The second greatest value Key West apartment is the 2929 Patterson Ave Model at 2929 Patterson Ave, Unit 1 starting at $2,975 with a $4.25 price per square foot in the Key West Golf Club neighborhood. Here is today’s list of the best values for Key West apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $4.50 |
2929 Patterson Ave, Unit 1 | 2929 Patterson Ave | 2BR,1BA | $4.25 |
Ocean Walk | The Sand Dollar | 1BR,1BA | $4.30 |
The Quarry | Cayo Cove | 1BR,1BA | $4.22 |
Arrive Key West | Apex | 1BR,1BA | $5.90 |
Quick Rent Budget Calculator
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Best Local Schools in Key West, FL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Key West, FL Rentals by Map
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Getting Around Key West, FL
Walk Score®
76 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
86 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
25 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Key West Apartments
How much is rent for a Cheap One Bedroom Key West Apartment?
The lowest price for a Cheap One Bedroom Key West Apartment is $2,606 at The Quarry.
What is the lowest price for a Cheap Two Bedroom Key West Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Key West is starting from $3,062 at Ocean Walk.
What is the most affordable Key West Three Bedroom Apartment?
The best deal on a cheap Key West Three Bedroom Apartment rental is at Ocean Walk and starts from $3,785.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.