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Rental Market Trends in Key Biscayne, FL

What is the average rent in Key Biscayne, FL?

$2,716/month

Average Rent

950 Sq Ft

Average Apartment Size

+1.2%

Increase in the Last Year

As of April 2026, the average rent in Key Biscayne, FL is $2,716 per month. This is 66% higher than the national average rent price of $1,641/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, $2,716 for a one-bedroom apartment, and around $3,656 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
$2,716/month
950 Sq Ft
Two Bedroom
$3,656/month
1,000 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$49,278/month
4,845 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,574/month
901 Sq Ft
Two Bedroom
$8,059/month
1,499 Sq Ft
Three Bedroom
$12,634/month
2,076 Sq Ft
Four Bedroom
$20,214/month
2,836 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 1.2%, which averages out to $32 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Key Biscayne, FL
Last Updated April 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 and Key Colony Condominiums" are the most affordable neighborhoods in Key Biscayne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Village of Key Biscayne
$3,720/month
897 Sq Ft
Key Colony Condominiums
$3,986/month
993 Sq Ft

What are the most expensive neighborhoods in Key Biscayne?

Based on current rent prices, Key Colony Condominiums and Village of Key Biscayne" are the most expensive neighborhoods in Key Biscayne.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Key Colony Condominiums
$3,986/month
993 Sq Ft
Village of Key Biscayne
$3,720/month
897 Sq Ft

Which Key Biscayne neighborhoods have the most rentals available?

The neighborhoods in Key Biscayne with the most apartments available are Village of Key Biscayne and Key Colony Condominiums" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Village of Key Biscayne
$3,720/month
897 Sq Ft
Key Colony Condominiums
$3,986/month
993 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 $2,716, you’ll want to make about $9,053 per month or $108,636 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

219 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

Key Colony Condominiums

Key Biscayne, FL

Studio
-
-
One Bedroom
$2,718/month
-
Two Bedroom
$3,659/month
-
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

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Apartment communities in Key Biscayne we think you'll love

791 Crandon Blvd

791 Crandon Blvd

791 Crandon Blvd,
Key Biscayne, FL 33149

$20,000 Total Monthly Price

3 Beds

201 Crandon Blvd

201 Crandon Blvd

201 Crandon Blvd,
Key Biscayne, FL 33149

$4,000 Total Monthly Price

1 Bed

101 Crandon Blvd

101 Crandon Blvd

101 Crandon Blvd,
Key Biscayne, FL 33149

$9,200 Total Monthly Price

2 Beds

611 Ocean Dr

611 Ocean Dr

611 Ocean Dr,
Key Biscayne, FL 33149

$7,950 Total Monthly Price

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 February 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