Cheap Apartments for Rent in Monroe County, FL from $400 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Monroe County.

close
View Me
Meridian West
1 to 3 Bedroom Apartments

Meridian West

6701 Shrimp RdKey West, FL 33040
close
View Me
Wet Net Villas
3 Bedroom Apartments

Wet Net Villas

81101 Overseas HwyIslamorada, FL 33036
  • Utilities Included

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.

close
View Me
Banyan Grove Apartments
2 to 3 Bedroom Apartments

Banyan Grove Apartments

5455 MacDonald AveKey West, FL 33040
  • Utilities Included
close
View Me
Flagler Village
1 to 3 Bedroom Apartments

Flagler Village

5300 Macdonald AveKey West, FL 33040
  • Utilities Included
close
View Me
Tradewinds Hammocks
1 to 3 Bedroom Apartments

Tradewinds Hammocks

100 Hammocks TrlKey Largo, FL 33037
  • Utilities Included

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.

close
View Me
Poinciana Gardens
Studio to 2 Bedroom Apartments

Poinciana Gardens

1664 Dunlap DrKey West, FL 33040
Senior Living

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 ListingModel NameBed/BathPriced From
Seaward Landing11BR,1BA$2,395
Keys Lake VillasB2BR,2BA$2,450
Coco Palms2BR/2.0BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
44 Gumbo Limbo Ave, Unit Upstairs44 Gumbo Limbo Ave2BR,2BA$2.17
Keys Lake VillasB2BR,2.5BA$2.22
Little Torch Cottages2 Bedroom 2.5 Bath Townhome2BR,2.5BA$3.70
Lofts at Bahama VillageThree Bedroom3BR,2BA$4.16
8 Hilton Haven Rd8 Hilton Haven Rd1BR,1BA$3.00
Coco Palms2BR/2.0BA2BR,2BA$2.78
Arrive Key WestDarlington3BR,2BA$4.22
88901 Old Hwy, Unit B top floor88901 Old Hwy1BR,1BA$2.47
Ocean WalkThe Sand Dollar1BR,1BA$3.90
Seaward Landing11BR,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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.