
Cheap Apartments for Rent in the New Town Neighborhood of Key West, FL from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Town area of Key West.


Sunset Marina

Total Monthly Price
1315 Laird St, Unit C

1010 Varela St

1430-1440 Grinnell St

506 Frances St

5730 4th Ave
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.

Cuban Consulate

Gato Building

1122 Simonton St

1100-1102 Margaret St

1301 Truman Ave

928 Truman Ave

Solares Hill
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.

Arrive Key West

NAS Key West Homes

Peary Court

Meridian West

Poinciana Gardens

Mariner's Cove Apartments

1212 Duval St
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.

Park Place Townhomes

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 | $2,553 | $2,300 | $2,790 |
| New Town 1 Bedroom Apartments | $2,594 | $2,300 | $3,081 |
| New Town 2 Bedroom Apartments | $3,940 | $2,799 | $9,148 |
| New Town 3 Bedroom Apartments | $3,644 | $2,999 | $4,540 |
| New Town 4 Bedroom Apartments | $5,715 | $5,715 | $5,715 |
Browse Apartments in this Neighborhood
There are currently 23 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
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arrive Key West | Apex | 1BR,1BA | $2,689 |
| Sunset Marina | 5555 College Road - 55College Rd; Unit 2 | 2BR,2BA | $3,200 |
Best Value Apartments for Rent in New Town, FL
As of July 29, 2026 the best value apartment in the New Town area is the $2.42 price per square foot 8 Hilton Haven Rd Model at 8 Hilton Haven Rd in the in the Key West Golf Club neighborhood starting from $2,900. The second greatest value New Town apartment is the 5555 College Road - 55College Rd; Unit 2 Model at Sunset Marina starting at $3,200 with a $4.00 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. |
|---|---|---|---|
| 8 Hilton Haven Rd | 8 Hilton Haven Rd | 1BR,1BA | $2.42 |
| Sunset Marina | 5555 College Road - 55College Rd; Unit 2 | 2BR,2BA | $4.00 |
| Arrive Key West | Apex | 1BR,1BA | $5.20 |
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 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.
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 $2,689 at Arrive Key West.
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 $2,799 at Arrive Key West.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.