What's the average rent in Key West, FL?

Rental Market Trends in Key West, FL

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Key West, FL is $5,000 per month, which is 159% higher than the national average rent of $1,932 per month.

AVERAGE RENT

$5,000
0.0%
No change month over month
-4.8%
-$250 decrease year-over-year

AVAILABLE RENTALS

130

APARTMENTS

$3,266

HOUSES

$6,500

TOWNHOUSES

$4,200
As of November 2026, apartments are the most affordable rental option in Key West, FL at $3,266 per month, while houses are the most expensive at $6,500 per month. Townhomes average $4,200 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan typeAverage rent
1 Bedroom$2,800
2 Bedrooms$4,600
3 Bedrooms$6,617
4 Bedrooms$11,500
All$5,000
As of November 2026, the average rent for a 1 bedroom rental in Key West, FL is $2,800 per month, followed by $4,600 for a 2 bedroom rental, $6,617 for a 3 bedroom rental, and $11,500 for a 4 bedroom rental.

Average rent trends and rent ranges

Average rent price over time

In the past year, rent has decreased by -9% compared to the previous year, which is a $495 decrease.
This year (2026)
Last year (2025)

Rent distribution

33% of rentals have rent of $5,000 and above/month

Rental price range

The price range for rentals is $1,500 to $50,000.
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