
Cheap Apartments for Rent in Key West, FL from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Key West.

Key West, FL Local Guide

How much does it cost to rent an apartment in Key West?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Key West Studio Apartments | $2,683 | $2,100 | $2,985 |
Cheap Key West 1 Bedroom Apartments | $2,863 | $2,300 | $3,344 |
Cheap Key West 2 Bedroom Apartments | $3,424 | $3,007 | $3,841 |
Cheap Key West 3 Bedroom Apartments | $4,183 | $3,813 | $4,661 |
Browse Top Apartments in Key West
See all Apartments in Key WestExplore Key West
Key West, FL Local Guide
- Key West Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Neighborhoods for Apartments in Key West, FL
Pricing Updated: 03/21/2025Current apartment rentals in the Key West, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Key West Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
White Street Gallery District | $3,600 | $2,300 | 22 |
Key West Golf Club | $3,927 | $2,100 | 191 |
New Town | $3,927 | $2,100 | 191 |
Cheapest Available Key West Apartments for Rent
 Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ocean Walk | The Reef | Studio,1BA | $2,524 |
Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $3,600 |
Best Value Apartments for Rent in Key West, FL
As of March 21, 2025 the best value apartment in the Key West area is the $4.50 price per square foot 5555 College Road - 5531 College Rd; Unit 2 553... Model at Sunset Marina in the in the Key West Golf Club neighborhood starting from $3,600. The second greatest value Key West apartment is the 1005 Flagler Ave Model at 1005 Flagler Ave, Unit 2 starting at $2,300 with a $4.18 price per square foot in the Key West Golf Club neighborhood. Here is today’s list of the best values for Key West apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sunset Marina | 5555 College Road - 5531 College Rd; Unit 2 553... | 2BR,2BA | $4.50 |
1005 Flagler Ave, Unit 2 | 1005 Flagler Ave | 1BR,1BA | $4.18 |
Ocean Walk | The Reef | Studio ,1BA | $5.05 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Key West, FL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Key West, FL Rentals by Map
See the most popular apartments and homes in Key West, FL
Getting Around Key West, FL
Walk Score®
76 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
86 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
25 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Key West Apartments
What is the Cheapest Studio apartment in Key West?
Currently the most affordable Cheap Studio Apartment in Key West is at Ocean Walk listed at $2,524.
How much is rent for a Cheap One Bedroom Key West Apartment?
The lowest price for a Cheap One Bedroom Key West Apartment is $2,781 at Ocean Walk.
What is the lowest price for a Cheap Two Bedroom Key West Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Key West is starting from $3,007 at Ocean Walk.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.