
Cheap Apartments for Rent in Key West, FL from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Key West.

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.
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 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.
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.
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 | $2,693 | $1,600 | $3,030 |
Cheap Key West 1 Bedroom Apartments | $2,978 | $2,853 | $3,247 |
Cheap Key West 2 Bedroom Apartments | $3,396 | $2,500 | $4,400 |
Cheap Key West 3 Bedroom Apartments | $3,978 | $3,699 | $4,528 |
Browse Top Apartments in Key West
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Key West, FL Local Guide
- Key West Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Key West, FL
Pricing Updated: 09/09/2025Current 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 |
---|---|---|---|
White Street Gallery District | $3,000 | $2,500 | 2 |
Key West Golf Club | $3,774 | $1,600 | 13 |
New Town | $3,774 | $1,600 | 14 |
Cheapest Available Key West Apartments for Rent
 The cheapest available apartment rental in Key West, FL is a Studio unit found at Ocean Walk in the Key West Golf Club neighborhood priced from $2,565. The Quarry has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,853. Here is today’s list of the most affordable Key West apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ocean Walk | The Reef | Studio,1BA | $2,565 |
The Quarry | Isla Shore | 1BR,1BA | $2,853 |
Lofts at Bahama Village | One Bedroom | 1BR,1BA | $2,854 |
Arrive Key West | Apex | 1BR,1BA | $2,875 |
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 September 09, 2025 the best value apartment in the Key West area is the $4.75 price per square foot 5555 College Road - 5571College Road; Unit #1 5571 Model at Sunset Marina in the in the Key West Golf Club neighborhood starting from $3,800. The second greatest value Key West apartment is the Isla Shore Model at The Quarry starting at $2,853 with a $4.08 price per square foot . 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 - 5571College Road; Unit #1 5571 | 2BR,2BA | $4.75 |
The Quarry | Isla Shore | 1BR,1BA | $4.08 |
1504 Flagler Ave, Unit 1# | 1504 Flagler Ave | 2BR,1BA | $4.29 |
Lofts at Bahama Village | One Bedroom | 1BR,1BA | $4.73 |
1209 William St, Unit 1 | 1209 William St | 2BR,1BA | $4.46 |
Arrive Key West | Apex | 1BR,1BA | $5.56 |
Ocean Walk | The Reef | Studio ,1BA | $5.13 |
3407 Eagle Ave, Unit Eagle Cottage | 3407 Eagle Ave | Studio ,1BA | $3.37 |
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Best Local Schools in Key West, FL
School data provided by Great Schools
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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
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 $2,953 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 The Quarry and starts from $3,699.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.