Cheap Homes for Rent in Key West, FL from $1,500 (7 Rentals)

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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.

Key West, FL Local Guide

Cheapest Neighborhoods for Apartments in Key West, FL

Pricing Updated: 01/04/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Key West Golf Club$3,710$2,39633
New Town$16,500$2,39633
White Street Gallery District$16,500$2,5003

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 $2,500. 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 $2,719. Here is today’s list of the most affordable Key West apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ocean WalkThe Sand Dollar1BR,1BA$2,500
Arrive Key WestApex1BR,1BA$2,719
Lofts at Bahama VillageOne Bedroom1BR,1BA$2,854

Best Value Apartments for Rent in Key West, FL

As of January 04, 2026 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 5555 College Road - 5571College Road; Unit #1 5571 Model at Sunset Marina starting at $3,800 with a $4.75 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 ListingModel NameBed/BathPrice Per Sq.Ft.
NAS Key West Homes3 Bedroom3BR,2BA$3.66
Sunset Marina5555 College Road - 5571College Road; Unit #1 55712BR,2BA$4.75
1209 Pearl St, Unit upstairs1209 Pearl St1BR,1BA$4.21
Ocean WalkThe Sand Dollar1BR,1BA$3.87
Lofts at Bahama VillageOne Bedroom1BR,1BA$4.73
1005 Flagler Ave, Unit 41005 Flagler Ave1BR,1BA$4.55
Arrive Key WestApex1BR,1BA$5.26

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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The 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.

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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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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Key West, FL Rentals by Map

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Frequently Asked Questions about Key West

What type of rentals are currently available in Key West?

There are currently 68 Apartments for Rent in Key West, FL with pricing that ranges from $2,396 to $16,500. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Key West ranging from $1,500 to $20,000.

What is the current price range for Rental Homes in Key West?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Key West ranges from $1,500 to $20,000 with an average monthly rent of $7,774.

How much are larger Three and Four Bedroom Rentals in Key West?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Key West range from $3,299 to $8,470, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,750 to $14,000. Four Bedroom Single-Family rentals are also available starting from $7,000 and Four Bedroom Apartments start at $10,000.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!