
Cheap Apartments for Rent in Key West, FL from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Key West.


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.
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.
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 | $2,725 | $2,280 | $3,028 |
Cheap Key West 1 Bedroom Apartments | $2,612 | $2,300 | $3,061 |
Cheap Key West 2 Bedroom Apartments | $3,415 | $2,769 | $3,900 |
Cheap Key West 3 Bedroom Apartments | $3,755 | $3,075 | $4,950 |
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: 06/24/2025Current 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 | $3,450 | $2,280 | 3 |
Key West Golf Club | $4,139 | $2,300 | 10 |
New Town | $4,139 | $2,300 | 9 |
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 $2,678. Arrive Key West in the Key West Golf Club neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,820. 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 | $2,678 |
Arrive Key West | Apex | 1BR,1BA | $2,820 |
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 June 24, 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 $3,300 with a $4.71 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 | $4.71 |
1026 White St, Unit #4 | 1026 White St | 1BR,1BA | $4.06 |
Arrive Key West | Apex | 1BR,1BA | $5.45 |
Ocean Walk | The Reef | Studio ,1BA | $5.36 |
626 Josephine Parker Rd, Unit 1 | 626 Josephine Parker Rd | Studio ,1BA | $6.51 |
Quick Rent Budget Calculator
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Best Local Schools in Key West, FL
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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 $2,769 at Ocean Walk.
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.