
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.


Meridian West

Wet Net Villas

Banyan Grove 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.

Flagler Village

Atlantic Pines Apartments

Tradewinds Hammocks

2102 Staples Ave
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.

3430 Eagle Ave
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 | $2,550 | $2,300 | $2,790 |
| Monroe County 1 Bedroom Apartments | $2,634 | $1,900 | $3,145 |
| Monroe County 2 Bedroom Apartments | $3,921 | $2,091 | $10,000+ |
| Monroe County 3 Bedroom Apartments | $5,335 | $2,950 | $10,000+ |
| Monroe County 4 Bedroom Apartments | $11,030 | $3,451 | $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 $2,241. Seaward Landing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,340. 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 | $2,241 |
| Seaward Landing | 1 | 1BR,1BA | $2,340 |
| Coco Palms | 2BR/2.0BA | 2BR,2BA | $2,500 |
Best Value Apartments for Rent in Monroe County, FL
As of July 28, 2026 the best value apartment in the Monroe County area is the $2.19 price per square foot A1 Model at Keys Lake Villas in the in the Garden Cove neighborhood starting from $2,950. The second greatest value Monroe County apartment is the 8 Hilton Haven Rd Model at 8 Hilton Haven Rd starting at $2,900 with a $2.42 price per square foot in the Key West Golf Club 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 | $2.19 |
| 8 Hilton Haven Rd | 8 Hilton Haven Rd | 1BR,1BA | $2.42 |
| Tarpon Harbour | 2-2.5A | 2BR,2.5BA | $2.61 |
| Lofts at Bahama Village | Three Bedroom | 3BR,2BA | $4.16 |
| Playa Apartments | BREEZE | 2BR,2BA | $2.63 |
| CoCo Vista | 2 Bedroom 2 Bathroom | 2BR,2BA | $3.50 |
| Coco Palms | 2BR/2.0BA | 2BR,2BA | $2.78 |
| Sunset Marina | 5555 College Road - 55College Rd; Unit 2 | 2BR,2BA | $4.00 |
| The Quarry | Cayo Cove | 1BR,1BA | $4.61 |
| Seaward Landing | 1 | 1BR,1BA | $4.40 |
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 $2,340, while the average apartment in Monroe County costs $19,500.
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 2 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 $243 which is $19,257 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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.