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

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

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Meridian West
1 to 3 Bedroom Apartments

Meridian West

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

Wet Net Villas

81101 Overseas HwyIslamorada, FL 33036
  • Utilities Included
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Banyan Grove Apartments
2 to 3 Bedroom Apartments

Banyan Grove Apartments

5455 MacDonald AveKey West, FL 33040
  • Utilities Included

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.

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Flagler Village
1 to 3 Bedroom Apartments

Flagler Village

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

Tradewinds Hammocks

100 Hammocks TrlKey Largo, FL 33037
  • Utilities Included

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.

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 ListingModel NameBed/BathPriced From
Keys Lake VillasB2BR,2BA$2,241
Seaward Landing11BR,1BA$2,340
Coco Palms2BR/2.0BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Keys Lake VillasA13BR,2BA$2.19
8 Hilton Haven Rd8 Hilton Haven Rd1BR,1BA$2.42
Tarpon Harbour2-2.5A2BR,2.5BA$2.61
Lofts at Bahama VillageThree Bedroom3BR,2BA$4.16
Playa ApartmentsBREEZE2BR,2BA$2.63
CoCo Vista2 Bedroom 2 Bathroom2BR,2BA$3.50
Coco Palms2BR/2.0BA2BR,2BA$2.78
Sunset Marina5555 College Road - 55College Rd; Unit 22BR,2BA$4.00
The QuarryCayo Cove1BR,1BA$4.61
Seaward Landing11BR,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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.