Cheap Homes for Rent in Monroe County, FL from $1,200 (20 Rentals)

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

property at 1012 Watson St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

Studio, 1 Bath Home for Rent

Available Now

1012 Watson St

Key WestFL33040

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.

property at 3312 Northside Dr

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

1 Bedroom, 1 Bath Condo for Rent

Available May 1

3312 Northside Dr, Unit 712, Unit 712

3312 Northside Dr
Key WestFL33040
property at 701 124th Street Gulf

$2,645

Total Monthly Price

Total Monthly Price

Base Rent
$2,645

Total Monthly Price
$2,645

2 Bedroom, 1 Bath Home for Rent

Available Now

701 124th Street Gulf

MarathonFL33050
property at 50 Orange Dr

$2,750

Total Monthly Price

Total Monthly Price

Base Rent
$2,750

Total Monthly Price
$2,750

2 Bedroom, 1 Bath Townhome for Rent

Available Now

50 Orange Dr

Key LargoFL33037

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.

property at 2406 Harris Ave

$2,900

Total Monthly Price

Total Monthly Price

Base Rent
$2,900

Total Monthly Price
$2,900

2 Bedroom, 1 Bath Condo for Rent

Available Jun 15

2406 Harris Ave, Unit 2406, Unit 2406

2406 Harris Ave
Key WestFL33040

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 87455 Old Hwy

$2,900 - $5,500

2 Bedroom Rentals

Available Now

87455 Old Hwy

IslamoradaFL33036

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 ListingModel NameBed/BathPriced From
Seaward Landing11BR,1BA$2,085
Coco Palms2BR/2.0BA2BR,2BA$2,500
Ocean WalkThe Beach Comber2BR,1BA$2,567
Arrive Key WestApex1BR,1BA$2,589
Keys Lake VillasA13BR,2BA$2,935

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Keys Lake VillasA13BR,2BA$2.18
Tarpon Harbour2/2.52BR,2.5BA$3.16
3930 S Roosevelt Blvd, Unit N2043930 S Roosevelt Blvd3BR,2BA$3.45
Lofts at Bahama VillageThree Bedroom3BR,2BA$3.77
8 Hilton Haven Rd8 Hilton Haven Rd1BR,1BA$3.15
Coco Palms2BR/2.0BA2BR,2BA$2.78
Sunset Marina5555 College Road - 5571College Road; Unit #1 55712BR,2BA$4.75
Ocean WalkThe Sand Dollar1BR,1BA$4.52
Seaward Landing11BR,1BA$3.92
Arrive Key WestApex1BR,1BA$5.01

Frequently Asked Questions about Monroe County

What type of rentals are currently available in Monroe County?

There are currently 149 Apartments for Rent in Monroe County, FL with pricing that ranges from $1,600 to $22,843. There are also 133 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe County ranging from $1,250 to $28,000.

What is the current price range for Rental Homes in Monroe County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Monroe County ranges from $1,250 to $28,000 with an average monthly rent of $9,744.

How much are larger Three and Four Bedroom Rentals in Monroe County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Monroe County range from $2,849 to $11,480, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,850 to $18,000. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $8,796.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.