
Cheap Homes for Rent in Key West, FL from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Key West.


34 Dondi Rd

1127 Washington St
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.

532 Fleming St

55 Boca Chica Rd

327 Margaret St
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.

1515 Josephine St
Key West, FL Local Guide

How much does it cost to rent a home in Key West?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Key West 2 Bedroom Homes for Rent | $5,092 | $2,900 | $10,000+ |
| Key West 3 Bedroom Homes for Rent | $6,182 | $3,750 | $10,000+ |
| Key West 4 Bedroom Homes for Rent | $9,928 | $7,000 | $10,000+ |
| Key West 5 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Key West
Explore Key West
Key West, FL Local Guide
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Cheapest Neighborhoods for Apartments in Key West, FL
Pricing Updated: 01/04/2026Current 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 | $3,710 | $2,396 | 33 |
| New Town | $16,500 | $2,396 | 33 |
| White Street Gallery District | $16,500 | $2,500 | 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 $2,500. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ocean Walk | The Sand Dollar | 1BR,1BA | $2,500 |
| Arrive Key West | Apex | 1BR,1BA | $2,719 |
| Lofts at Bahama Village | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| NAS Key West Homes | 3 Bedroom | 3BR,2BA | $3.66 |
| Sunset Marina | 5555 College Road - 5571College Road; Unit #1 5571 | 2BR,2BA | $4.75 |
| 1209 Pearl St, Unit upstairs | 1209 Pearl St | 1BR,1BA | $4.21 |
| Ocean Walk | The Sand Dollar | 1BR,1BA | $3.87 |
| Lofts at Bahama Village | One Bedroom | 1BR,1BA | $4.73 |
| 1005 Flagler Ave, Unit 4 | 1005 Flagler Ave | 1BR,1BA | $4.55 |
| Arrive Key West | Apex | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
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 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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!