Cheap Homes for Rent in Key West, FL from $1,400 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Key West.

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.

property at 327 Margaret St

$2,500

Studio To 1 Bedroom Rentals

Available Aug 1

327 Margaret St

Key WestFL33040
property at 1318 Duncan St

$2,675

Total Monthly Price

Total Monthly Price

Base Rent
$2,675

Total Monthly Price
$2,675

1 Bedroom, 1 Bath Condo for Rent

Available Now

1318 Duncan St, Unit #3

1318 Duncan St
Key WestFL33040

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.

property at 3312 Northside Dr

$2,800

Total Monthly Price

Total Monthly Price

Base Rent
$2,800

Total Monthly Price
$2,800

2 Bedroom, 2 Bath Condo for Rent

Available Now

3312 Northside Dr, Unit 111

3312 Northside Dr
Key WestFL33040

Key West, FL Local Guide

Cheapest Neighborhoods for Apartments in Key West, FL

Pricing Updated: 07/28/2026

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$3,377$2,30010
New Town$5,715$2,30010
White Street Gallery District$5,960$2,8005

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 ListingModel NameBed/BathPriced From
Arrive Key WestApex1BR,1BA$2,689
The QuarryCoral Shore1BR,1BA$2,850
Sunset Marina5555 College Road - 55College Rd; Unit 22BR,2BA$3,200
Lofts at Bahama VillageThree Bedroom3BR,2BA$4,370

Best Value Apartments for Rent in Key West, FL

As of July 28, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
8 Hilton Haven Rd8 Hilton Haven Rd1BR,1BA$2.42
Lofts at Bahama VillageThree Bedroom3BR,2BA$4.16
710 Whitmarsh Ln, Unit #2710 Whitmarsh Ln2BR,2BA$4.71
Sunset Marina5555 College Road - 55College Rd; Unit 22BR,2BA$4.00
The QuarryCayo Cove1BR,1BA$4.61
825 Eaton St, Unit C825 Eaton St1BR,1BA$5.48
Arrive Key WestApex1BR,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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Key West, FL Rentals by Map

View Map
Key West, FL Apartments Map
View Map
Key West, FL Rental Homes Map

Frequently Asked Questions about Key West

What type of rentals are currently available in Key West?

There are currently 71 Apartments for Rent in Key West, FL with pricing that ranges from $2,300 to $18,964. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Key West ranging from $1,400 to $18,000.

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 $1,400 to $18,000 with an average monthly rent of $6,066.

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 $2,999 to $6,838, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $15,000. Four Bedroom Single-Family rentals are also available starting from $4,500 and Four Bedroom Apartments start at $5,715.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.