2102 Staples Ave
Key WestFL33040
Cheap Apartments for Rent in Key West, FL from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Key West.
51 Barcelona Dr
Key WestFL33040
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$2,200
Total Monthly Price
Studio Apartment Available NowTotal Monthly Price
Base Rent
$2,200
Total Monthly Price
$2,200
1505 White St, Unit Efficiency
1505 White StKey West, FL 33040
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Rent Specials
$2,393 - $4,482Studio to 3 Bedroom Apartments Available Now
Ocean Walk
3900 S Roosevelt BlvdKey West, FL 33040
2120 Harris Ave
Key WestFL33040
1318 Duncan St, Unit #3
1318 Duncan St
Key WestFL33040
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 3 Bedroom Apartments
Meridian West
6701 Shrimp RdKey West, FL 33040
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2 to 3 Bedroom Apartments
Banyan Grove Apartments
5455 MacDonald AveKey West, FL 33040
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1 to 3 Bedroom Apartments
Flagler Village
5300 Macdonald AveKey West, FL 33040
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Studio to 2 Bedroom Apartments
Poinciana Gardens
1664 Dunlap DrKey West, FL 33040
3430 Eagle Ave
Key WestFL33040
327 Margaret St
Key WestFL33040
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.
2601 S Roosevelt Blvd
Key WestFL33040
725 Southard St
Key WestFL33040
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1 to 3 Bedroom Apartments
Arrive Key West
3333 Duck AveKey West, FL 33040
3312 Northside Dr
Key WestFL33040
1306 Eliza St
Key WestFL33040
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$2,300Studio Apartments Available Now
34G Miriam St, Unit Studio for rent
34G Miriam StStock Island, FL 33040
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.
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$2,5001 Bedroom Apartments Available Now
34G Miriam St, Unit 34 Miriam st stock Island
34G Miriam StStock Island, FL 33040
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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 | $2,464 | $2,200 | $2,717 |
| Cheap Key West 1 Bedroom Apartments | $2,964 | $2,500 | $3,146 |
| Cheap Key West 2 Bedroom Apartments | $3,839 | $2,410 | $10,000+ |
| Cheap Key West 3 Bedroom Apartments | $3,845 | $3,177 | $4,482 |
| Cheap Key West 4 Bedroom Apartments | $7,590 | $7,590 | $7,590 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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: 06/21/2026Current 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 | $3,611 | $2,200 | 13 |
| New Town | $7,590 | $2,200 | 13 |
| White Street Gallery District | $7,590 | $2,200 | 3 |
Cheapest Available Key West Apartments for Rent
The cheapest available apartment rental in Key West, FL is a 1 Bed unit found at Ocean Walk in the Key West Golf Club neighborhood priced from $2,520. 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 $2,689. 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 Sand Dollar | 1BR,1BA | $2,520 |
| Arrive Key West | Apex | 1BR,1BA | $2,689 |
| The Quarry | Cayo Cove | 1BR,1BA | $3,146 |
| Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $3,300 |
| Lofts at Bahama Village | Three Bedroom | 3BR,2BA | $4,370 |
Best Value Apartments for Rent in Key West, FL
As of June 21, 2026 the best value apartment in the Key West area is the $4.16 price per square foot Three Bedroom Model at Lofts at Bahama Village in the starting from $4,370. The second greatest value Key West apartment is the 8 Hilton Haven Rd Model at 8 Hilton Haven Rd starting at $3,000 with a $3.00 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. |
|---|---|---|---|
| Lofts at Bahama Village | Three Bedroom | 3BR,2BA | $4.16 |
| 8 Hilton Haven Rd | 8 Hilton Haven Rd | 1BR,1BA | $3.00 |
| Sunset Marina | 5555 College Road - 5571College Road; Unit #1 5571 | 2BR,2BA | $4.75 |
| Ocean Walk | The Sand Dollar | 1BR,1BA | $3.90 |
| The Quarry | Cayo Cove | 1BR,1BA | $5.09 |
| Arrive Key West | Apex | 1BR,1BA | $5.20 |
| 1505 White St, Unit Efficiency | 1505 White St | Studio ,1BA | $5.50 |
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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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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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.
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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!
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
How much is rent for a Cheap One Bedroom Key West Apartment?
The lowest price for a Cheap One Bedroom Key West Apartment is $2,520 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 $2,804 at Ocean Walk.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.