Cheap Apartments for Rent in Key West, FL
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Average Rent Trends in Key West, FL
Rent in Key West, FL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $4,500 |
| Jul 2025 | $4,463 |
| Aug 2025 | $4,200 |
| Sep 2025 | $4,750 |
| Oct 2025 | $5,150 |
| Nov 2025 | $5,495 |
| Dec 2025 | $5,600 |
| Jan 2026 | $4,500 |
| Feb 2026 | $6,000 |
| Mar 2026 | $5,000 |
| Apr 2026 | $4,800 |
| May 2026 | $4,500 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,850 | $4,200 | $5,000 | $11,500 | $4,000 |
| Townhomes | — | $4,200 | $4,500 | — | $4,200 |
| Apartments and Condos | $2,950 | $3,900 | $5,000 | $10,000 | $3,350 |
| Houses | $2,750 | $5,500 | $5,800 | $11,500 | $5,800 |
Frequently Asked Questions about Rentals in Key West, FL
- What is the average rent of an apartment in Key West, FL?The average rent of an apartment in Key West, FL is $3,120 per month. This is about 62% higher than the national average.
- What is the average rent of a house in Key West, FL?The average rent of a house in Key West, FL is $5,800 per month. This is about 201% higher than the national average.
- What is the average rent of a townhome in Key West, FL?The average rent of a townhome in Key West, FL is $4,200 per month. This is about 118% higher than the national average.
- When is the average rent cheapest in Key West, FL?In the last year, the average rent in Key West, FL was lowest in May 2025 when it was $4,200 per month.
- When is the average rent most expensive in Key West, FL?In the last year, the average rent in Key West, FL was highest in Jan 2025 when it was $5,900 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Key West, FL?The average rent of a 1 bedroom apartment in Key West, FL is $2,850 per month. That is about $650 more than the cost of a studio apartment.
- How many available rental listings are in Key West, FL?There are 161 available rental listings in Key West, FL.
- What are some neighborhoods in Key West, FL?Some neighborhoods in Key West, FL include: New Town, Old Town, Midtown, White Street Gallery District, Bahama Village.
- What are some zip codes in Key West, FL?
- What are some cities near Key West, FL?Some nearby cities include: Stock Island, Big Coppitt Key, Summerland Key, Ramrod Key, Big Pine Key. These cities may have more rental options to explore.