
Cheap Apartments for Rent in Key West, FL from $500 (3 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.

3430 Eagle Ave
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 | $2,667 | $2,400 | $2,928 |
| Cheap Key West 1 Bedroom Apartments | $3,047 | $2,500 | $5,082 |
| Cheap Key West 2 Bedroom Apartments | $3,983 | $2,748 | $10,000+ |
| Cheap Key West 3 Bedroom Apartments | $4,238 | $3,156 | $8,452 |
| Cheap Key West 4 Bedroom Apartments | $18,900 | $10,000 | $10,000+ |
Browse Top Apartments in Key West
See all Apartments in Key WestExplore Key West
Key West, FL Local Guide
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Cheapest Neighborhoods for Apartments in Key West, FL
Pricing Updated: 10/28/2025Current 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 | $3,690 | $2,400 | 29 |
| New Town | $18,900 | $2,400 | 29 |
| White Street Gallery District | $18,900 | $2,400 | 4 |
Best Value Apartments for Rent in Key West, FL
As of October 28, 2025 the best value apartment in the Key West area is the $3.66 price per square foot 3 Bedroom Model at NAS Key West Homes in the in the Key West Golf Club neighborhood starting from $3,900. The second greatest value Key West apartment is the 1505 White St Model at 1505 White St, Unit Studio starting at $2,400 with a $2.40 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. |
|---|---|---|---|
| NAS Key West Homes | 3 Bedroom | 3BR,2BA | $3.66 |
| 1505 White St, Unit Studio | 1505 White St | Studio ,1BA | $2.40 |
| 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 |
| 1005 Flagler Ave, Unit 4 | 1005 Flagler Ave | 1BR,1BA | $4.55 |
| Arrive Key West | Apex | 1BR,1BA | $5.20 |
| Ocean Walk | The Reef | Studio ,1BA | $5.00 |
| 1104 Grinnell St, Unit Grinnell 2 | 1104 Grinnell St | 1BR,1BA | $8.00 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Key West, FL
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 Cheapest Studio apartment in Key West?
Currently the most affordable Cheap Studio Apartment in Key West is at Ocean Walk listed at $2,498.
How much is rent for a Cheap One Bedroom Key West Apartment?
The lowest price for a Cheap One Bedroom Key West Apartment is $2,651 at Ocean Walk.
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 $2,748 at The Quarry.
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 $3,156.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.
