
Cheap Homes for Rent in New Town Neighborhood of Key West, FL from $1,400 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the New Town area of Key West.


3430 Eagle Ave

5D 10th Ave
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.

34G Miriam St, Unit Studio for rent

1440 17th St

2601 S Roosevelt Blvd
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.
New Town, Key West, FL Local Guide

How much does it cost to rent a home in New Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Town 2 Bedroom Homes for Rent | $3,546 | $2,000 | $5,900 |
| New Town 3 Bedroom Homes for Rent | $8,800 | $5,900 | $10,000+ |
| New Town 4 Bedroom Homes for Rent | $5,350 | $5,200 | $5,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ocean Walk | The Wave Runner | 2BR,2BA | $2,410 |
| Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $3,300 |
| Arrive Key West | Darlington | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ocean Walk | The Catamaran | 3BR,2BA | $2.90 |
| 8 Hilton Haven Rd | 8 Hilton Haven Rd | 1BR,1BA | $3.00 |
| Arrive Key West | Darlington | 3BR,2BA | $4.22 |
| Sunset Marina | 5555 College Road - 5571College Road; Unit #1 5571 | 2BR,2BA | $4.75 |
| 1505 White St, Unit Efficiency | 1505 White St | Studio ,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.
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
3.0Pet Friendly
Best Local Schools in New Town, Key West, FL
School data provided by Great Schools
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

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.

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.

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.

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.