1012 Watson St
Key WestFL33040
Cheap Apartments for Rent in Monroe County, FL from $400 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Monroe County.
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1 to 3 Bedroom Apartments
Sea Grape Apartments
7159 Overseas HwyMarathon, FL 33050
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1 to 3 Bedroom Apartments
Meridian West
6701 Shrimp RdKey West, FL 33040
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3 Bedroom Apartments
Wet Net Villas
81101 Overseas HwyIslamorada, FL 33036
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.
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2 to 3 Bedroom Apartments
Banyan Grove Apartments
5455 MacDonald AveKey West, FL 33040
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1 to 3 Bedroom Apartments
Flagler Village
5300 Macdonald AveKey West, FL 33040
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2 Bedroom Apartments
Atlantic Pines Apartments
400 County RdBig Pine Key, FL 33043
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1 to 3 Bedroom Apartments
Tradewinds Hammocks
100 Hammocks TrlKey Largo, FL 33037
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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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 | $2,291 | $2,200 | $2,623 |
| Monroe County 1 Bedroom Apartments | $2,658 | $2,036 | $3,221 |
| Monroe County 2 Bedroom Apartments | $3,684 | $1,600 | $10,000+ |
| Monroe County 3 Bedroom Apartments | $4,316 | $2,849 | $10,000+ |
| Monroe County 4 Bedroom Apartments | $15,819 | $8,796 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $2,085. Coco Palms has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,500. 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 | $2,085 |
| Coco Palms | 2BR/2.0BA | 2BR,2BA | $2,500 |
| Ocean Walk | The Beach Comber | 2BR,1BA | $2,567 |
Best Value Apartments for Rent in Monroe County, FL
As of April 20, 2026 the best value apartment in the Monroe County area is the $2.18 price per square foot A1 Model at Keys Lake Villas in the in the Garden Cove neighborhood starting from $2,935. The second greatest value Monroe County apartment is the 2/2.5 Model at Tarpon Harbour starting at $3,450 with a $3.16 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. |
|---|---|---|---|
| Keys Lake Villas | A1 | 3BR,2BA | $2.18 |
| Tarpon Harbour | 2/2.5 | 2BR,2.5BA | $3.16 |
| 3930 S Roosevelt Blvd, Unit N204 | 3930 S Roosevelt Blvd | 3BR,2BA | $3.45 |
| Lofts at Bahama Village | Three Bedroom | 3BR,2BA | $3.77 |
| 8 Hilton Haven Rd | 8 Hilton Haven Rd | 1BR,1BA | $3.15 |
| Coco Palms | 2BR/2.0BA | 2BR,2BA | $2.78 |
| Sunset Marina | 5555 College Road - 5571College Road; Unit #1 5571 | 2BR,2BA | $4.75 |
| Ocean Walk | The Sand Dollar | 1BR,1BA | $4.52 |
| Seaward Landing | 1 | 1BR,1BA | $3.92 |
| Arrive Key West | Apex | 1BR,1BA | $5.01 |
Frequently Asked Questions about Cheap Monroe County Apartments
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 3 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 $661 which is $15,158 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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.