Cheap Homes for Rent in Key West, FL from $1,400 (9 Rentals)

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

property at 51 Barcelona Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

6 Bedroom, 6.5 Bath Townhome for Rent

Available Now

51 Barcelona Dr

Key WestFL33040
property at 5D 10th Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1 Bath Home for Rent

Available Now

5D 10th Ave

Stock IslandFL33040

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.

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.

Key West, FL Local Guide

Cheapest Neighborhoods for Apartments in Key West, FL

Pricing Updated: 06/04/2026

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$3,565$1,80019
New Town$7,590$1,80019
White Street Gallery District$7,590$2,2003

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 ListingModel NameBed/BathPriced From
Ocean WalkThe Wave Runner2BR,2BA$2,410
The QuarryCoral Shore1BR,1BA$3,146
Sunset Marina5555 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts at Bahama VillageThree Bedroom3BR,2BA$4.16
8 Hilton Haven Rd8 Hilton Haven Rd1BR,1BA$3.00
Arrive Key WestDarlington3BR,2BA$4.22
Ocean WalkThe Wave Runner2BR,2BA$2.87
Sunset Marina5555 College Road - 5571College Road; Unit #1 55712BR,2BA$4.75
1505 White St, Unit Efficiency1505 White StStudio ,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.

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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.

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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.

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

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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

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

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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.

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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.

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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.