NAS Key West Homes
800 Sigsbee Rd,
Key West, FL 33040
$3,900 - $4,650
3 Beds
Rental Market Trends in Key West, FL
What is the average rent in Key West, FL?
$2,547/month
Average Rent
639 Sq Ft
Average Apartment Size
-1%
Decrease in the Last Year
As of December 2025, the average rent in Key West, FL is $2,547 per month. This is 56% higher than the national average rent price of $1,631/month, making Key West one of the most expensive cities in the US. When you rent an apartment in Key West, you can expect to pay about $2,469 per month for a studio, $2,547 for a one-bedroom apartment, and around $3,038 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,562 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Key West, FL?
In the past year, rent has decreased by 1%, which averages out to $25 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2025
Legend
2024
2025
Rent Ranges in Key West, FL
Last Updated December 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
11%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
78%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Key West?
Based on current rent prices, Las Salinas Condominiums is the most affordable neighborhood in Key West.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Key West?
Based on current rent prices, Las Salinas Condominiums is the most expensive neighborhood in Key West.
Neighborhood
Average Rent
Average Sq Ft
Which Key West neighborhoods have the most rentals available?
The neighborhood in Key West with the most apartments available is Las Salinas Condominiums .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Key West, FL?
Because the average rent in Key West is $2,547, you’ll want to make about $8,490 per month or $101,880 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 West, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Key West, 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.
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Two Bedroom
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Three Bedroom
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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.