NAS Key West Homes
800 Sigsbee Rd,
Key West, FL 33040
$4,300 - $4,650
3 Beds
Living in Key West combines island paradise with rich cultural heritage in the southernmost city of the continental United States. Located just 90 nautical miles from Cuba, this island community offers housing options from historic bungalows in Old Town to contemporary condominiums in New Town. The rental market remains competitive, with average rents ranging from $2,529 for one-bedroom units to $3,636 for three-bedroom homes, reflecting a 3-6% year-over-year increase. Notable areas include the historic Old Town district, showcasing classic Conch-style architecture along Duval Street, and the Casa Marina area, home to beachfront properties near the landmark Casa Marina Hotel.
Beyond its clear waters and palm-lined streets, Key West celebrates its distinctive character. The Ernest Hemingway Home and Museum stands as a testament to the island's literary significance. Fort Zachary Taylor Historic State Park provides beaches and snorkeling spots, while the Truman Annex neighborhood surrounds the historic Little White House. The 7-square-mile island features several parks and green spaces, and the Historic Seaport maintains its working waterfront charm. Each evening, Mallory Square hosts its signature sunset celebration, where visitors gather to enjoy street performances against ocean vistas. The island's heritage reflects Bahamian, Cuban, and American influences, creating an atmosphere that defines Key West's relaxed island lifestyle.
As of March 2026, the average apartment rent in Key West, FL is $2,310 for a studio, $2,602 for one bedroom, $3,123 for two bedrooms, and $3,331 for three bedrooms. Apartment rent in Key West has decreased by -1.5% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Key West, FL is for everyday living.
Very Walkable
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
You'll likely want a car when living in this area since it has few transit options.
Very Bikeable
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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Gerald Adams Elementary School
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.