Cheap Apartments for Rent in Key West, FL from $2,250 (17 Rentals)

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

property at 1315 First St
$2,800 - $3,000
2 Bedroom Rentals
Available Now
Affordability

1315 First St

Key WestFL33040

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Meridian West
1 to 3 Bedroom Apartments

Meridian West

6701 Shrimp RdKey West, FL 33040
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Banyan Grove Apartments
2 to 3 Bedroom Apartments

Banyan Grove Apartments

5455 MacDonald AveKey West, FL 33040
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Flagler Village
1 to 3 Bedroom Apartments

Flagler Village

5300 Macdonald AveKey West, FL 33040
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Poinciana Gardens
Studio to 2 Bedroom Apartments

Poinciana Gardens

1664 Dunlap DrKey West, FL 33040
Senior Living
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Arrive Key West
1 to 3 Bedroom Apartments

Arrive Key West

3333 Duck AveKey West, FL 33040
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Key West, FL Local Guide

Cheapest Neighborhoods for Apartments in Key West, FL

Pricing Updated: 09/21/2026

Current apartment rentals in the Key West, FL area range in price from $2,250 to $19,161 with an overall median price of $3,370. Here is today’s list neighborhoods with the lowest median pricing for Key West Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Key West Golf Club$3,200$2,2505
New Town$3,227$2,4515
White Street Gallery District$4,150$2,6502

Cheapest Available Key West Apartments for Rent

 

The cheapest available apartment rental in Key West, FL is a 1 Bed unit found at Arrive Key West in the Key West Golf Club neighborhood priced from $2,589. The Quarry has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,670. Here is today’s list of the most affordable Key West apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arrive Key WestApex1BR, 1BA$2,589
The QuarryCayo Cove1BR, 1BA$2,670
Ocean WalkThe Wave Runner2BR, 2BA$2,894
Lofts at Bahama VillageThree Bedroom3BR, 2BA$4,370

Best Value Apartments for Rent in Key West, FL

As of September 21, 2026 the best value apartment in the Key West area is the $3.45 price per square foot 1505 White St Model at 1505 White St, Unit Large Two bedroom in the Key West Golf Club neighborhood starting from $3,800. The second greatest value Key West apartment is the Three Bedroom Model at Lofts at Bahama Village starting at $4,370 with a $4.16 price per square foot. Here is today’s list of the best values for Key West apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1505 White St, Unit Large Two bedroom1505 White St2BR, 1BA$3.45
Lofts at Bahama VillageThree Bedroom3BR, 2BA$4.16
Ocean WalkThe Wave Runner2BR, 2BA$3.45
The QuarryCayo Cove1BR, 1BA$4.32
Arrive Key WestApex1BR, 1BA$5.01

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Cheap Key West Apartments

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 $2,894 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 $3,254.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.