
Cheap Apartments for Rent in Monroe County, FL from $1,700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe County.


322 Little Miss Muffett Ln

101 Caloosa St, Unit 3

88500 Overseas Hwy, Unit 433

Total Monthly Price
6800 Maloney Ave

Keys Lake Villas

Playa Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

300 Ocean Dr

Ocean Walk

127 Adobe Casa Ct Dr

127 Adobe Casa Ct Dr

710 Barcelona Rd

Sea Grape Apartments

Meridian West
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Wet Net Villas

Banyan Grove Apartments

Flagler Village

Atlantic Pines Apartments

Tradewinds Hammocks

3430 Eagle Ave

Poinciana Gardens
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

121 Dove Lake Dr

6099 Overseas Hwy

75 Coral Dr

Seaward Landing

4 Transylvania Ave

10 Silver Springs Dr

1129 Pebble Beach Ln
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.

Arrive Key West
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 | $2,724 | $2,451 | $2,949 |
| Monroe County 1 Bedroom Apartments | $2,590 | $1,700 | $3,147 |
| Monroe County 2 Bedroom Apartments | $4,090 | $2,275 | $10,000+ |
| Monroe County 3 Bedroom Apartments | $5,271 | $2,750 | $10,000+ |
| Monroe County 4 Bedroom Apartments | $8,279 | $3,362 | $10,000+ |
Browse Apartments in Monroe County
See all Apartments in MonroeExplore Monroe County
Cheapest Available Monroe County Apartments for Rent
 The cheapest available apartment rental in Monroe County, FL is a 2 Beds unit found at Keys Lake Villas in the Garden Cove neighborhood priced from $2,275. Playa Apartments in the Sunset Point neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,349. Here is today’s list of the most affordable Monroe County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Keys Lake Villas | B | 2BR, 2BA | $2,275 |
| Playa Apartments | DRIFT | 1BR, 1BA | $2,349 |
| Arrive Key West | Apex | 1BR, 1BA | $2,589 |
| Seaward Landing | 2 | 2BR, 2BA | $2,665 |
| The Quarry | Cayo Cove | 1BR, 1BA | $2,670 |
| CoCo Vista | 2 Bedroom 2 Bathroom | 2BR, 2BA | $2,699 |
| Ocean Walk | The Wave Runner | 2BR, 2BA | $2,894 |
| Little Torch Cottages | 2 Bedroom 2.5 Bath Townhome | 2BR, 2BA | $3,299 |
| Lofts at Bahama Village | Three Bedroom | 3BR, 2BA | $4,370 |
Best Value Apartments for Rent in Monroe County, FL
As of September 21, 2026 the best value apartment in the Monroe County area is the $5.73 price per square foot 4 Bed 3 Bath Single Family Home Waterview Model at Little Torch Cottages starting from $12,040. The second greatest value Monroe County apartment is the B Model at Keys Lake Villas in the Garden Cove neighborhood starting at $2,275 with a $2.06 price per square foot. 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. |
|---|---|---|---|
| Little Torch Cottages | 4 Bed 3 Bath Single Family Home Waterview | 4BR, 4BA | $5.73 |
| Keys Lake Villas | B | 2BR, 2.5BA | $2.06 |
| 1505 White St, Unit Large Two bedroom | 1505 White St | 2BR, 1BA | $3.45 |
| Lofts at Bahama Village | Three Bedroom | 3BR, 2BA | $4.16 |
| Seaward Landing | 2 | 2BR, 2BA | $2.76 |
| CoCo Vista | 2 Bedroom 2 Bathroom | 2BR, 2BA | $2.95 |
| Playa Apartments | DRIFT | 1BR, 1BA | $2.62 |
| Ocean Walk | The Wave Runner | 2BR, 2BA | $3.45 |
| The Quarry | Cayo Cove | 1BR, 1BA | $4.32 |
| Arrive Key West | Apex | 1BR, 1BA | $5.01 |
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 $2,349, while the average apartment in Monroe County costs $3,200.
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 6 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 $331 which is $2,869 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.