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Cheap Apartments for Rent in Monroe County, FL from $400 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe County.
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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.
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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.
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Monroe County, FL Local Guide
Palmeras by Pablo FJ is licensed under CC BY 2.0
How much does it cost to rent an apartment in Monroe County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe County Studio Apartments | $2,552 | $2,000 | $2,910 |
| Monroe County 1 Bedroom Apartments | $2,815 | $1,975 | $4,065 |
| Monroe County 2 Bedroom Apartments | $3,344 | $2,100 | $10,000+ |
| Monroe County 3 Bedroom Apartments | $4,005 | $2,835 | $7,619 |
| Monroe County 4 Bedroom Apartments | $13,468 | $10,000 | $10,000+ |
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Cheapest Available Monroe County Apartments for Rent
The cheapest available apartment rental in Monroe County, FL is a 1 Bed unit found at Playa Apartments in the Sunset Point neighborhood priced from $1,999. Keys Lake Villas in the Garden Cove neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,250. Here is today’s list of the most affordable Monroe County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Playa Apartments | DRIFT | 1BR,1BA | $1,999 |
| Keys Lake Villas | B | 2BR,2BA | $2,250 |
| Ocean Walk | The Reef | Studio,1BA | $2,389 |
Best Value Apartments for Rent in Monroe County, FL
As of November 24, 2025 the best value apartment in the Monroe County area is the $2.10 price per square foot A1 Model at Keys Lake Villas in the in the Garden Cove neighborhood starting from $2,835. The second greatest value Monroe County apartment is the 579 Boyd Dr Model at 579 Boyd Dr starting at $2,400 with a $1.85 price per square foot in the Garden Cove neighborhood. Here is today’s list of the best values for Monroe County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Keys Lake Villas | A1 | 3BR,2BA | $2.10 |
| 579 Boyd Dr | 579 Boyd Dr | 2BR,1BA | $1.85 |
| Tarpon Harbour | 2-2.5A | 2BR,2.5BA | $2.70 |
| Little Torch Cottages | 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $3.61 |
| NAS Key West Homes | 3 Bedroom | 3BR,2BA | $3.66 |
| Playa Apartments | BREEZE | 2BR,2BA | $2.42 |
| 1505 White St, Unit Studio | 1505 White St | Studio ,1BA | $2.40 |
| CoCo Vista | 2 Bedroom 2 Bathroom | 2BR,2BA | $3.06 |
| Coco Palms | 2 Beds, 2 baths | 2BR,2BA | $3.00 |
| The Quarry | Isla Shore | 1BR,1BA | $4.08 |
Frequently Asked Questions about Cheap Monroe County Apartments
What is the price of a cheap apartment in Monroe County?
The cheapest apartment in Monroe County is Playa Apartments which is listed at $1,999, while the average apartment in Monroe County costs $14,000.
What types of apartments are the cheapest in Monroe County?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Monroe County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Monroe County?
Cheap apartments in Monroe County have an average cost of $321 which is $13,679 cheaper than the average rent for all rentals in Monroe County.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.