
Cheap Apartments for Rent in Key West, FL from $2,250 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Key West.


Ocean Walk

Total Monthly Price
1106 Olivia St, Unit Upstairs Apt

The Quarry

1315 First St
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Total Monthly Price
1208 Pearl St, Unit 1209 Pearl St upstairs

Meridian West

Banyan Grove Apartments

Flagler Village

3430 Eagle Ave
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Poinciana Gardens

Arrive Key West

725 Southard St

1108 White St

2601 S Roosevelt Blvd
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.

6099 Overseas Hwy

265 15th St
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 | $2,724 | $2,451 | $2,949 |
| Cheap Key West 1 Bedroom Apartments | $2,744 | $2,250 | $3,145 |
| Cheap Key West 2 Bedroom Apartments | $4,909 | $2,475 | $10,000+ |
| Cheap Key West 3 Bedroom Apartments | $4,046 | $3,104 | $6,617 |
| Cheap Key West 4 Bedroom Apartments | $6,690 | $6,690 | $6,690 |
Browse Top Apartments in Key West
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Key West, FL Local Guide
- Key West Neighborhoods
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Cheapest Neighborhoods for Apartments in Key West, FL
Pricing Updated: 09/21/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Key West Golf Club | $3,200 | $2,250 | 5 |
| New Town | $3,227 | $2,451 | 5 |
| White Street Gallery District | $4,150 | $2,650 | 2 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arrive Key West | Apex | 1BR, 1BA | $2,589 |
| The Quarry | Cayo Cove | 1BR, 1BA | $2,670 |
| Ocean Walk | The Wave Runner | 2BR, 2BA | $2,894 |
| Lofts at Bahama Village | Three Bedroom | 3BR, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1505 White St, Unit Large Two bedroom | 1505 White St | 2BR, 1BA | $3.45 |
| Lofts at Bahama Village | Three Bedroom | 3BR, 2BA | $4.16 |
| Ocean Walk | The Wave Runner | 2BR, 2BA | $3.45 |
| The Quarry | Cayo Cove | 1BR, 1BA | $4.32 |
| Arrive Key West | Apex | 1BR, 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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Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Key West, FL
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Key West, FL Rentals by Map
See the most popular apartments and homes in Key West, FL
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

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.

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.

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.

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.