
Cheap Apartments for Rent in the New Town Neighborhood of Key West, FL from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Town area of Key West.


Ocean Walk

Sunset Marina

1010 Varela St

1430-1440 Grinnell St

506 Frances St

5730 4th Ave
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.

Cuban Consulate

Gato Building

1122 Simonton St

1100-1102 Margaret St

1301 Truman Ave

928 Truman Ave

Solares Hill
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.

Arrive Key West

Peary Court

Meridian West

Poinciana Gardens

Mariner's Cove Apartments

1212 Duval St

Park Place Townhomes
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

5176 Suncrest Rd
New Town, Key West, FL Local Guide

How much does it cost to rent an apartment in New Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Town Studio Apartments | $2,308 | $2,100 | $2,542 |
| New Town 1 Bedroom Apartments | $2,705 | $2,200 | $3,232 |
| New Town 2 Bedroom Apartments | $3,059 | $2,500 | $3,909 |
| New Town 3 Bedroom Apartments | $4,036 | $2,999 | $8,470 |
| New Town 4 Bedroom Apartments | $13,514 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the New Town Neighborhood of Key West, FL.
See all Apartments in Key WestExplore Key West
New Town, Key West, FL Local Guide
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Cheapest Available New Town Apartments for Rent
 The cheapest available apartment rental in the New Town area of Key West, FL is a Studio unit found at Ocean Walk priced from $2,100. Arrive Key West has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,859. Here are the most affordable New Town apartments for rent in Key West, FL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ocean Walk | The Reef | Studio,1BA | $2,100 |
| Arrive Key West | Apex | 1BR,1BA | $2,859 |
| Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $3,300 |
| NAS Key West Homes | 3 Bedroom | 3BR,2BA | $4,300 |
Best Value Apartments for Rent in New Town, FL
As of January 26, 2026 the best value apartment in the New Town area is the $4.03 price per square foot 3 Bedroom Model at NAS Key West Homes in the in the Key West Golf Club neighborhood starting from $4,300. The second greatest value New Town apartment is the 1505 White St Model at 1505 White St, Unit Efficiency starting at $2,200 with a $2.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| NAS Key West Homes | 3 Bedroom | 3BR,2BA | $4.03 |
| 1505 White St, Unit Efficiency | 1505 White St | Studio ,1BA | $2.20 |
| Sunset Marina | 5555 College Road - 5571College Road; Unit #1 5571 | 2BR,2BA | $4.75 |
| 1220 3rd St, Unit UP | 1220 3rd St | 2BR,1BA | $3.94 |
| Arrive Key West | Apex | 1BR,1BA | $5.53 |
| Ocean Walk | The Reef | Studio ,1BA | $4.20 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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.
Pet Friendly LifestyleNew Town, Key West, FL
Ranked #1
Among cities in Florida for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in New Town, Key West, FL
School data provided by Great Schools
Frequently Asked Questions about Cheap New Town Apartments
How much is rent for a Cheap One Bedroom New Town Apartment?
The lowest price for a Cheap One Bedroom New Town Apartment is $2,200 at Ocean Walk.
What is the lowest price for a Cheap Two Bedroom New Town Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Town is starting from $2,500 at Ocean Walk.
What is the most affordable New Town Three Bedroom Apartment?
The best deal on a cheap New Town Three Bedroom Apartment rental is at Ocean Walk and starts from $2,999.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.