
Cheap Apartments for Rent in the New Town Neighborhood of Key West, FL from $500 (2 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Town area of Key West.

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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $2,752 | $2,600 | $3,055 |
New Town 1 Bedroom Apartments | $3,032 | $2,200 | $3,800 |
New Town 2 Bedroom Apartments | $3,684 | $3,205 | $5,000 |
New Town 3 Bedroom Apartments | $4,167 | $3,785 | $4,549 |
Browse Apartments in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the New Town Neighborhood of Key West, FL.
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New Town, Key West, FL Local Guide
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Best Value Apartments for Rent in New Town, FL
As of May 26, 2025 the best value apartment in the New Town area is the $3.90 price per square foot 700 Amelia St Model at 700 Amelia St, Unit Tropical Garden Oasis in the in the New Town neighborhood starting from $3,900. The second greatest value New Town apartment is the 5555 College Road - 5531 College Rd; Unit 2 553... Model at Sunset Marina starting at $3,600 with a $4.50 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. |
---|---|---|---|
700 Amelia St, Unit Tropical Garden Oasis | 700 Amelia St | 2BR,1.5BA | $3.90 |
Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $4.50 |
1916 Roosevelt Dr, Unit 2 | 1916 Roosevelt Dr | 2BR,2BA | $4.93 |
1301 United St, Unit Palm Cottage | 1301 United St | 1BR,1BA | $5.41 |
2929 Patterson Ave, Unit 1 | 2929 Patterson Ave | 2BR,1BA | $4.71 |
Arrive Key West | Apex | 1BR,1BA | $5.46 |
Ocean Walk | The Reef | Studio ,1BA | $5.36 |
1505 White St, Unit Studio Apt B | 1505 White St | Studio ,1BA | $6.50 |
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.
Pet Friendly LifestyleNew Town, Key West, FL
Ranked #2
Among neighborhoods in Key West, FL 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
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 $3,245 at Ocean Walk.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.