What's the average rent in Key West, FL?
Rental Market Trends in Key West, FL
SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Key West, FL is $4,500 per month, which is 136% higher than the national average rent of $1,910 per month.
AVERAGE RENT
$4,500
-4.3%-$200 decrease month-over-month
7.1%$300 increase year-over-year
AVAILABLE RENTALS
162
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Key West, FL at $3,217 per month, while houses are the most expensive at $6,000 per month. Townhomes average $4,200 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $3,000 |
| 2 Bedrooms | $4,500 |
| 3 Bedrooms | $5,800 |
| 4 Bedrooms | $11,500 |
| All | $4,400 |
As of May 2026, the average rent for a 1 bedroom rental in Key West, FL is $3,000 per month, followed by $4,500 for a 2 bedroom rental, $5,800 for a 3 bedroom rental, and $11,500 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $4,200 |
| 3 Bedrooms | $5,000 |
| 4 Bedrooms | — |
| All | $4,278 |
As of May 2026, the average rent for a 2 bedroom townhome in Key West, FL is $4,200 per month, followed by $5,000 for a 3 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $3,000 |
| 2 Bedrooms | $4,000 |
| 3 Bedrooms | $5,100 |
| 4 Bedrooms | $10,000 |
| All | $3,500 |
As of May 2026, the average rent for a 1 bedroom apartment in Key West, FL is $3,000 per month, followed by $4,000 for a 2 bedroom apartment, $5,100 for a 3 bedroom apartment, and $10,000 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $3,622 |
| 2 Bedrooms | $5,594 |
| 3 Bedrooms | $6,000 |
| 4 Bedrooms | $11,500 |
| All | $6,000 |
As of May 2026, the average rent for a 1 bedroom house in Key West, FL is $3,622 per month, followed by $5,594 for a 2 bedroom house, $6,000 for a 3 bedroom house, and $11,500 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +7% compared to the previous year, which is a +$300 increase.
This year (2026)
Last year (2025)
Rent distribution
31% of rentals have rent of $3,800-$4,999/month
Rental price range
The price range for rentals is $1,500 to $28,000.