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Rental Market Trends in Key Biscayne, FL

What is the average rent in Key Biscayne, FL?

$2,708/month

Average Rent

950 Sq Ft

Average Apartment Size

+1.4%

Increase in the Last Year

As of January 2026, the average rent in Key Biscayne, FL is $2,708 per month. This is 67% higher than the national average rent price of $1,624/month, making Key Biscayne one of the most expensive cities in the US. When you rent an apartment in Key Biscayne, you can expect to pay about per month for a studio, $2,708 for a one-bedroom apartment, and around $3,645 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,708/month
950 Sq Ft
Two Bedroom
$3,645/month
1,000 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$38,943/month
4,659 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,575/month
881 Sq Ft
Two Bedroom
$7,484/month
1,430 Sq Ft
Three Bedroom
$12,684/month
2,171 Sq Ft
Four Bedroom
$16,977/month
2,790 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Key Biscayne, FL?

In the past year, rent has increased by 1.4%, which averages out to $38 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Key Biscayne, FL
Last Updated January 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Key Biscayne, FL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Key Biscayne?

Based on current rent prices, Village of Key Biscayne is the most affordable neighborhood in Key Biscayne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Village of Key Biscayne
$3,697/month
875 Sq Ft

What are the most expensive neighborhoods in Key Biscayne?

Based on current rent prices, Village of Key Biscayne is the most expensive neighborhood in Key Biscayne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Village of Key Biscayne
$3,697/month
875 Sq Ft

Which Key Biscayne neighborhoods have the most rentals available?

The neighborhood in Key Biscayne with the most apartments available is Village of Key Biscayne .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Village of Key Biscayne
$3,697/month
875 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Key Biscayne, FL?

Because the average rent in Key Biscayne is $2,708, you’ll want to make about $9,026 per month or $108,312 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Key Biscayne, FL

227 Available Apartments for Rent

Search for Nearby Apartments

How does Key Biscayne, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Key Biscayne, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Key Biscayne, FL

Apartment Averages

Village of Key Biscayne

Key Biscayne, FL

Village of Key Biscayne

Key Biscayne, FL

Studio
-
-
One Bedroom
$2,708/month
$2,708/month
Two Bedroom
$3,645/month
$3,645/month
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Coconut Grove Average Rent
  • Coral Gables Average Rent
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  • South Miami Average Rent
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  • Pinecrest Average Rent
  • West Miami Average Rent

Apartment communities in Key Biscayne we think you'll love

290 Sunrise Dr

290 Sunrise Dr

290 Sunrise Dr,
Key Biscayne, FL 33149

$3,300

1 Bed

350 Ocean Dr

350 Ocean Dr

350 Ocean Dr,
Key Biscayne, FL 33149

$21,000

2 Beds

705 Crandon Blvd

705 Crandon Blvd

705 Crandon Blvd,
Key Biscayne, FL 33149

$10,000

2 Beds

705 Crandon Blvd

705 Crandon Blvd

705 Crandon Blvd,
Key Biscayne, FL 33149

$12,000

2 Beds

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United States Florida Key Biscayne Rental Trends

Methodology

† 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 November 2025.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity