What's the average rent in Key West, FL?
Rental Market Trends in Key West, FL
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SOURCE: TRULIA DATA
Rental market highlights
As of August 2026, the average rent in Key West, FL is $4,000 per month, which is 104% higher than the national average rent of $1,965 per month.
AVERAGE RENT
$4,000
2.6%$100 increase month-over-month
-4.8%-$200 decrease year-over-year
AVAILABLE RENTALS
126
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, apartments are the most affordable rental option in Key West, FL at $3,194 per month, while houses are the most expensive at $5,495 per month. Townhomes average $3,667 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $2,900 |
| 2 Bedrooms | $4,000 |
| 3 Bedrooms | $5,500 |
| 4 Bedrooms | $11,500 |
| All | $4,000 |
As of August 2026, the average rent for a 1 bedroom rental in Key West, FL is $2,900 per month, followed by $4,000 for a 2 bedroom rental, $5,500 for a 3 bedroom rental, and $11,500 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $3,667 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $3,667 |
As of August 2026, the average rent for a 2 bedroom townhome in Key West, FL is $3,667 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $2,965 |
| 2 Bedrooms | $3,900 |
| 3 Bedrooms | $6,325 |
| 4 Bedrooms | $10,000 |
| All | $3,600 |
As of August 2026, the average rent for a 1 bedroom apartment in Key West, FL is $2,965 per month, followed by $3,900 for a 2 bedroom apartment, $6,325 for a 3 bedroom apartment, and $10,000 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $4,900 |
| 3 Bedrooms | $5,495 |
| 4 Bedrooms | $11,500 |
| All | $5,495 |
As of August 2026, the average rent for a 1 bedroom house in Key West, FL is $1,400 per month, followed by $4,900 for a 2 bedroom house, $5,495 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 decreased by -7% compared to the previous year, which is a $300 decrease.
This year (2026)
Last year (2025)
Rent distribution
30% of rentals have rent of $3,800-$4,999/month
Rental price range
The price range for rentals is $1,400 to $21,000.