Cheap Apartments for Rent in the New Town Neighborhood of Key West, FL from $506 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in the New Town area of Key West.

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1010 Varela St
Studio Apartments

1010 Varela St

1010 Varela StKey West, FL 33040
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506 Frances St
1 Bedroom Apartments

506 Frances St

506 Frances StKey West, FL 33040
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5730 4th Ave
Studio Apartments

5730 4th Ave

5730 4th AveKey West, FL 33040
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Cuban Consulate
1 Bedroom Apartments

Cuban Consulate

1001 Eaton StKey West, FL 33040

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.

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Gato Building
1 to 2 Bedroom Apartments

Gato Building

1209 Virginia StKey West, FL 33040
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1122 Simonton St
Studio to 2 Bedroom Apartments

1122 Simonton St

1122 Simonton StKey West, FL 33040
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1301 Truman Ave
1 Bedroom Apartments

1301 Truman Ave

1301 Truman AveKey West, FL 33040
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928 Truman Ave
Studio to 3 Bedroom Apartments

928 Truman Ave

928 Truman AveKey West, FL 33040
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Solares Hill
1 Bedroom Apartments

Solares Hill

649 William StKey West, FL 33040
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Arrive Key West
1 to 3 Bedroom Apartments

Arrive Key West

3333 Duck AveKey West, FL 33040
Military

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.

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NAS Key West Homes
2 to 4 Bedroom Apartments

NAS Key West Homes

800 Sigsbee RdKey West, FL 33040
  • Utilities Included
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Peary Court
2 Bedroom Apartments

Peary Court

119-131 Peary CtKey West, FL 33040
Corporate Housing
  • Utilities Included
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Meridian West
1 to 3 Bedroom Apartments

Meridian West

6701 Shrimp RdKey West, FL 33040
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Poinciana Gardens
Studio to 2 Bedroom Apartments

Poinciana Gardens

1664 Dunlap DrKey West, FL 33040
Senior Living
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1212 Duval St
1 Bedroom Apartments

1212 Duval St

1212 Duval StKey West Nas, FL 33040

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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5176 Suncrest Rd
1 Bedroom Apartments

5176 Suncrest Rd

5176 Suncrest RdStock Island, FL 33040

New Town, Key West, FL Local Guide

Cheapest Available New Town Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Arrive Key WestApex1BR,1BA$2,589
Ocean WalkThe Schooner3BR,2BA$3,254

Best Value Apartments for Rent in New Town, FL

As of September 13, 2026 the best value apartment in the New Town area is the $3.45 price per square foot 1505 White St Model at 1505 White St, Unit Large Two bedroom in the in the Key West Golf Club neighborhood starting from $3,800. The second greatest value New Town apartment is the The Schooner Model at Ocean Walk starting at $3,254 with a $3.03 price per square foot in the Key West Golf Club neighborhood. Here is today’s list of the best values for New Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1505 White St, Unit Large Two bedroom1505 White St2BR,1BA$3.45
Ocean WalkThe Schooner3BR,2BA$3.03
Arrive Key WestApex1BR,1BA$5.01

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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Pet Friendly Lifestyle
New Town, Key West, FL

Ranked #1

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.