Cheap Apartments for Rent in Monroe County, FL from $400 (6 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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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Wet Net Villas
3 Bedroom Apartments

Wet Net Villas

81101 Overseas HwyIslamorada, FL 33036
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Tradewinds Hammocks
2 to 3 Bedroom Apartments

Tradewinds Hammocks

100 Hammocks TrlKey Largo, FL 33037
  • Utilities Included

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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 $2,400. Keys Lake Villas in the Garden Cove neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,650. Here is today’s list of the most affordable Monroe County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Seaward Landing11BR,1BA$2,400
Keys Lake VillasB2BR,2BA$2,650
Tarpon Harbour2-2.5A2BR,2BA$2,800

Best Value Apartments for Rent in Monroe County, FL

As of May 17, 2025 the best value apartment in the Monroe County area is the $2.40 price per square foot B Model at Keys Lake Villas in the in the Garden Cove neighborhood starting from $2,650. The second greatest value Monroe County apartment is the 2/2.5 Model at Tarpon Harbour starting at $3,350 with a $3.07 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 VillasB2BR,2.5BA$2.40
Tarpon Harbour2/2.52BR,2.5BA$3.07
Little Torch Cottages2 Bedroom 2.5 Bath Townhome2BR,2.5BA$3.66
549 Plante St, Unit 549 plante549 Plante St2BR,1BA$2.30
700 Amelia St, Unit Tropical Garden Oasis700 Amelia St2BR,1.5BA$3.90
Ocean WalkThe Wave Runner2BR,2BA$3.86
Sunset Marina5555 College Road - 5531 College Rd; Unit 2 553...2BR,2BA$4.50
10 Seagate Blvd, Unit 210 Seagate Blvd1BR,1BA$4.10
2929 Patterson Ave, Unit 12929 Patterson Ave2BR,1BA$4.71
Seaward Landing11BR,1BA$4.51

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 11 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 $989 which is $2,361 cheaper than the average rent for all rentals in Monroe County.

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.

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