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Rental Market Trends in Key Biscayne, FL

Updated July 2026

The average rent in Key Biscayne, FL is $2,726/month.

Rent in Key Biscayne is 64% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.

$2,726/month

Average Rent

950 Sq Ft

Average Size

+1.1%

Change / Year

177

Available Apartments

Key Biscayne rent varies by unit size and layout:

  • Studio apartments in Key Biscayne average per month.
  • One-bedroom apartments in Key Biscayne average $2,726 per month.
  • Two-bedroom apartments in Key Biscayne average $3,670 per month.
  • Three-bedroom apartments in Key Biscayne average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,726/month
950 Sq Ft
Two Bedroom
$3,670/month
1,000 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$9,910/month
1,786 Sq Ft
Four Bedroom
$45,568/month
4,534 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$3,662/month
860 Sq Ft
Two Bedroom
$8,193/month
1,468 Sq Ft
Three Bedroom
$12,295/month
2,022 Sq Ft
View Key Biscayne Apartments

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

In the past year, rent has increased by 1.1%, which averages out to $31 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Key Biscayne, FL

July 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

  • 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
$4,035/month
797 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
$4,035/month
797 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
$4,035/month
797 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 $2,726, you’ll want to make about $9,086 per month or $109,032 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

177 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.

View the Key Biscayne Area Guide

Apartment Averages

Village of Key Biscayne

Key Biscayne, FL

Village of Key Biscayne

Key Biscayne, FL

Studio
-
-
One Bedroom
$2,729/month
$2,729/month
Two Bedroom
$3,673/month
$3,673/month
Three Bedroom
-
-
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Coconut Grove

    Coconut Grove

  • Coral Gables

    Coral Gables

  • Miami

    Miami

  • South Miami

    South Miami

  • Miami Beach

    Miami Beach

  • West Miami

    West Miami

Apartment Communities in Key Biscayne We Think You'll Love

791 Crandon Blvd

791 Crandon Blvd

791 Crandon Blvd,
Key Biscayne, FL 33149

3 Beds | $20,000

101 Crandon Blvd

101 Crandon Blvd

101 Crandon Blvd,
Key Biscayne, FL 33149

2 Beds | $9,200

455 Grand Bay Dr

455 Grand Bay Dr

455 Grand Bay Dr,
Key Biscayne, FL 33149

1 Bed | $8,454

455 Grand Bay Dr

455 Grand Bay Dr

455 Grand Bay Dr,
Key Biscayne, FL 33149

Studio | $6,657

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Frequently Asked Questions

What is the average rent in Key Biscayne?

The average rent in Key Biscayne is $2,726 per month, which is 63.9% higher than the national average of $1,663.

What is the average rent for a house in Key Biscayne?

The average rent for a house in Key Biscayne, FL is $9,910 per month.

What is the average rent for a condo in Key Biscayne?

The average rent for a condo in Key Biscayne, FL is $3,662 per month.

Are rents going up or down in Key Biscayne?

Rents in Key Biscayne, FL are increasing, with prices up 1.1% year-over-year and $31 more per month.

What rent range is most common in Key Biscayne?

In Key Biscayne, FL, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity