
Cheap Homes for Rent in Key West, FL from $1,400 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Key West.


3430 Eagle Ave

51 Barcelona Dr

5D 10th Ave
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.

34 Dondi Rd

34G Miriam St, Unit Studio for rent

327 Margaret St

1440 17th 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.

2601 S Roosevelt Blvd
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 | $4,414 | $2,000 | $10,000+ |
| Key West 3 Bedroom Homes for Rent | $6,037 | $3,900 | $10,000+ |
| Key West 4 Bedroom Homes for Rent | $8,923 | $5,200 | $10,000+ |
| Key West 5 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
| Key West 6 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
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: 06/04/2026Current 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 | $3,565 | $1,800 | 19 |
| New Town | $7,590 | $1,800 | 19 |
| 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 2 Beds unit found at Ocean Walk in the Key West Golf Club neighborhood priced from $2,410. The Quarry has the second lowest priced unit, which is a 1 Bed apartment currently listed from $3,146. 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 Wave Runner | 2BR,2BA | $2,410 |
| The Quarry | Coral Shore | 1BR,1BA | $3,146 |
| Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $3,300 |
Best Value Apartments for Rent in Key West, FL
As of June 04, 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 |
| Arrive Key West | Darlington | 3BR,2BA | $4.22 |
| Ocean Walk | The Wave Runner | 2BR,2BA | $2.87 |
| Sunset Marina | 5555 College Road - 5571College Road; Unit #1 5571 | 2BR,2BA | $4.75 |
| 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.
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 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 $1,800 to $19,161. There are also 60 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 $6,476.
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 $3,040 to $6,451, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,900 to $10,000. Four Bedroom Single-Family rentals are also available starting from $5,200 and Four Bedroom Apartments start at $7,590.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.