
Cheap Apartments for Rent in Key West, FL from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Key West.


Ocean Walk

1318 Duncan St, Unit #3

Total Monthly Price
1315 Laird St, Unit C

3312 Northside Dr, Unit 111

Meridian West

Banyan Grove Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Flagler Village

2102 Staples Ave

3430 Eagle Ave

Poinciana Gardens

327 Margaret St

725 Southard St

210 Angela St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Arrive Key West

3708 Duck Ave

307 Elizabeth St

4D 10th Ave

40G Miriam St

D4 10th Ave, Unit B unit

34G Miriam St, Unit 34 Miriam st stock Island
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.
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 | $2,432 | $1,800 | $2,765 |
| Cheap Key West 1 Bedroom Apartments | $2,673 | $1,400 | $3,145 |
| Cheap Key West 2 Bedroom Apartments | $4,764 | $2,799 | $10,000+ |
| Cheap Key West 3 Bedroom Apartments | $3,856 | $2,999 | $6,838 |
| Cheap Key West 4 Bedroom Apartments | $5,715 | $5,715 | $5,715 |
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: 08/05/2026Current apartment rentals in the Key West, FL area range in price from $1,400 to $18,964 with an overall median price of $3,210. 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 | $3,075 | $1,400 | 10 |
| New Town | $3,149 | $1,400 | 10 |
| White Street Gallery District | $3,600 | $2,675 | 5 |
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 $2,689. The Quarry has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,850. 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 | $2,689 |
| The Quarry | Isla Shore | 1BR,1BA | $2,850 |
| Ocean Walk | The Catamaran | 3BR,2BA | $2,999 |
| Sunset Marina | 5555 College Road - College Road; Unit #1 5571 | 2BR,2BA | $3,200 |
| Lofts at Bahama Village | Three Bedroom | 3BR,2BA | $4,370 |
Best Value Apartments for Rent in Key West, FL
As of August 05, 2026 the best value apartment in the Key West area is the $2.42 price per square foot 8 Hilton Haven Rd Model at 8 Hilton Haven Rd in the in the Key West Golf Club neighborhood starting from $2,900. 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. |
|---|---|---|---|
| 8 Hilton Haven Rd | 8 Hilton Haven Rd | 1BR,1BA | $2.42 |
| Lofts at Bahama Village | Three Bedroom | 3BR,2BA | $4.16 |
| Ocean Walk | The Catamaran | 3BR,2BA | $2.86 |
| 710 Whitmarsh Ln, Unit #2 | 710 Whitmarsh Ln | 2BR,2BA | $4.71 |
| Sunset Marina | 5555 College Road - College Road; Unit #1 5571 | 2BR,2BA | $4.00 |
| The Quarry | Cayo Cove | 1BR,1BA | $4.61 |
| 1315 Laird St, Unit C | 1315 Laird St | 1BR,1BA | $4.86 |
| 825 Eaton St, Unit C | 825 Eaton St | 1BR,1BA | $5.48 |
| Arrive Key West | Apex | 1BR,1BA | $5.20 |
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.
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
School data provided by Great Schools
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 $2,689 at Arrive Key West.
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 $2,799 at Arrive Key West.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.