
Cheap Apartments for Rent in Monroe County, FL from $400 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe County.


Sea Grape Apartments

Meridian West

Wet Net Villas
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.

Banyan Grove Apartments

Flagler Village

Atlantic Pines Apartments

Tradewinds Hammocks
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.

Poinciana Gardens
Monroe County, FL Local Guide

How much does it cost to rent an apartment in Monroe County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe County Studio Apartments | $2,484 | $2,200 | $2,753 |
| Monroe County 1 Bedroom Apartments | $2,804 | $2,100 | $3,147 |
| Monroe County 2 Bedroom Apartments | $3,798 | $2,410 | $10,000+ |
| Monroe County 3 Bedroom Apartments | $4,671 | $2,820 | $10,000+ |
| Monroe County 4 Bedroom Apartments | $10,611 | $3,064 | $10,000+ |
Browse Apartments in Monroe County
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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 Seaward Landing priced from $2,395. Keys Lake Villas in the Garden Cove neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,450. Here is today’s list of the most affordable Monroe County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Seaward Landing | 1 | 1BR,1BA | $2,395 |
| Keys Lake Villas | B | 2BR,2BA | $2,450 |
| Coco Palms | 2BR/2.0BA | 2BR,2BA | $2,500 |
Best Value Apartments for Rent in Monroe County, FL
As of June 07, 2026 the best value apartment in the Monroe County area is the $2.17 price per square foot 44 Gumbo Limbo Ave Model at 44 Gumbo Limbo Ave, Unit Upstairs in the in the Sunset Point neighborhood starting from $2,600. The second greatest value Monroe County apartment is the B Model at Keys Lake Villas starting at $2,450 with a $2.22 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. |
|---|---|---|---|
| 44 Gumbo Limbo Ave, Unit Upstairs | 44 Gumbo Limbo Ave | 2BR,2BA | $2.17 |
| Keys Lake Villas | B | 2BR,2.5BA | $2.22 |
| Little Torch Cottages | 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $3.70 |
| Lofts at Bahama Village | Three Bedroom | 3BR,2BA | $4.16 |
| 8 Hilton Haven Rd | 8 Hilton Haven Rd | 1BR,1BA | $3.00 |
| Coco Palms | 2BR/2.0BA | 2BR,2BA | $2.78 |
| Arrive Key West | Darlington | 3BR,2BA | $4.22 |
| 88901 Old Hwy, Unit B top floor | 88901 Old Hwy | 1BR,1BA | $2.47 |
| Ocean Walk | The Sand Dollar | 1BR,1BA | $3.90 |
| Seaward Landing | 1 | 1BR,1BA | $4.50 |
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 Seaward Landing which is listed at $2,395, while the average apartment in Monroe County costs $16,750.
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 1 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 $220 which is $16,530 cheaper than the average rent for all rentals in Monroe County.
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.