Cheap Homes for Rent in New Town Neighborhood of Key West, FL from $1,400 (6 Rentals)

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

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.

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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.

New Town, Key West, FL Local Guide

Cheapest Available New Town Apartments for Rent

 

The cheapest available apartment rental in the New Town area of Key West, FL is a 2 Beds unit found at Ocean Walk priced from $2,410. Sunset Marina has the second lowest priced unit, which is a 2 Beds apartment currently listed from $3,300. Here are the most affordable New Town apartments for rent in Key West, FL:

Apartment ListingModel NameBed/BathPriced From
Ocean WalkThe Wave Runner2BR,2BA$2,410
Sunset Marina5555 College Road - 5531 College Rd; Unit 2 553...2BR,2BA$3,300
Arrive Key WestDarlington3BR,2BA$3,689

Best Value Apartments for Rent in New Town, FL

As of June 06, 2026 the best value apartment in the New Town area is the $2.90 price per square foot The Catamaran Model at Ocean Walk in the in the Key West Golf Club neighborhood starting from $3,040. The second greatest value New Town 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 New Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ocean WalkThe Catamaran3BR,2BA$2.90
8 Hilton Haven Rd8 Hilton Haven Rd1BR,1BA$3.00
Arrive Key WestDarlington3BR,2BA$4.22
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

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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

3.0
Pet Friendly

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Frequently Asked Questions about New Town

What type of rentals are currently available in New Town?

There are currently 49 Apartments for Rent in New Town, FL with pricing that ranges from $2,200 to $9,364. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Town ranging from $1,400 to $14,000.

What is the current price range for Rental Homes in New Town?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Town ranges from $1,400 to $14,000 with an average monthly rent of $5,074.

How much are larger Three and Four Bedroom Rentals in New Town?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Town range from $3,040 to $4,482, while Three Bedroom Homes, Condos, and Townhomes for rent range from $5,900 to $14,000. 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

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.