Playa Apartments
21 1st Ave,
Key Largo, FL 33037
1-2 Beds | $2,422 - $2,664
Rental Market Trends in Key Largo, FL
Updated July 2026
What is the average rent in Key Largo, FL?
$2,422/month
Average Rent
898 Sq Ft
Average Size
+8.8%
Change / Year
63
Available Apartments
Key Largo, FL Rental Market Overview
The average rent in Key Largo, FL is $2,422 per month. This is 46% higher than the national average rent price of $1,662/month, making Key Largo one of the most expensive cities in the US.
- Studio apartments in Key Largo average per month.
- One-bedroom apartments in Key Largo average $2,422 per month.
- Two-bedroom apartments in Key Largo average $2,288 per month.
- Three-bedroom apartments in Key Largo average $2,762 or more per month.
Data Updated: July 1, 2026
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Key Largo, FL?
In the past year, rent has increased by 8.8%, which averages out to $212 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Key Largo, FL
July 2026
Above $2,000
Most rental prices fall within this range
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
What salary do I need to live comfortably in Key Largo, FL?
Because the average rent in Key Largo is $2,422, you’ll want to make about $8,073 per month or $96,876 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.
How does Key Largo, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Key Largo, 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 Largo Area GuideApartment Communities in Key Largo We Think You'll Love
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Frequently Asked Questions
What is the average rent in Key Largo?
The average rent in Key Largo is $2,422 per month, which is 45.7% higher than the national average of $1,662.
What is the average rent for a house in Key Largo?
The average rent for a house in Key Largo, FL is $5,117 per month.
Are rents going up or down in Key Largo?
Rents in Key Largo, FL are increasing, with prices up 8.8% year-over-year and $212 more per month.
What rent range is most common in Key Largo?
In Key Largo, FL, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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.