Homes & Apartments for Rent in Key West, FL

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What to Know About

Life in Key West & Beyond

Key West shares many of the great qualities that make Florida a desirable place to live.

Florida is a sunshine-filled state known for its beautiful beaches, warm weather, and world-famous theme parks like Walt Disney World, Universal Studios, and Sea World. From its iconic beaches to vibrant cities, you have a unique blend of outdoor adventure and urban excitement. Explore the state's past by visiting attractions like the Kennedy Space Center, the Museum of Florida History, or the Perez Art Museum Miami. In addition, Florida is home to renowned universities such as the University of Florida and Florida State University, University of Miami.

With hundreds of miles of sandy beaches, crystal-clear springs, and lush everglades, Florida is a paradise for visitors and residents alike. The state is also home to several professional sports teams, including the Miami Dolphins (NFL), Tampa Bay Buccaneers (NFL), Florida Panthers (NHL), Tampa Lighting (NHL), Miami Marlins (MLB), Orlando Magic (NBA), and Miami Heat (NBA). Experience all that Florida has to offer, from its stunning beaches and vibrant atmosphere to its rich traditions and thriving economy.

Discover the magic of living in Florida, where the sun shines bright, the economy thrives, and the quality of life is unparalleled, making it the perfect place to call home.

Rental Market Trends

Key West, FL

As of May 2026, Key West's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Key West's average rent is 56.8% ($1,206) higher than the Florida average of $2,125 and 86.2% ($1,542) higher than the U.S. average of $1,789.

Average Rent
$3,331
Monthly ChangeMonth Over Month Change
Increased4.6% ($145)
Yearly ChangeYear Over Year Change
Decreased0.4% ($12)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,968 Increased6.6% ($184) Increased10.3% ($276)
2 Beds $3,599 Increased5% ($171) Decreased3.1% ($115)
3 Beds $4,843 Increased3.5% ($166) Increased7.3% ($329)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Key West Rental Market FAQs

Explore rental prices, market trends, and availability in Key West, FL.

The average rent in Key West, FL is $3,331 per month.
Homes in Key West typically rent for between $2,078 and $6,296 per month, with an average of $3,331 per month.
In Key West, the average rent for a 1-bedroom home is $2,968 per month, for a 2-bedroom home, $3,599 per month, and a 3-bedroom home is $4,843 per month.
The average rent in Key West is 86.2% ($1,542) higher than the national average of $1,789 per month.
The average rent in Key West has increased by 4.6% ($145) in the last month and decreased by 0.4% ($12) over the past year.
The rental market in Key West, FL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Key West, FL, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 25 rental properties available in Key West, FL.
Based on the current averages, a household would need an annual income of $143,960 to comfortably afford a 2-bedroom home in Key West.
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