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Studio Apartment for Rent in Key Biscayne, FL

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    $9,088

    Total Monthly Price

    • Studio
    • 1 Bath
    • 419 Sq Ft
    • Condo for Rent

    455 Grand Bay Dr Unit SI FL3-ID1022329P, Key Biscayne, FL 33149

    The advertised rate of $9,088/month is the lowest available price, based on a 1 month(s) stay with a move-in date of September 6, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can

    (786) 589-8423

    455 Grand Bay Dr Unit SI FL3-ID1022329P, Key Biscayne, FL 33149

Why Live in Key Biscayne

Key Biscayne, Florida, is a barrier island connected to Miami via the Rickenbacker Causeway, offering residents stunning ocean views and abundant natural beauty. With a population of over 14,000, the area features a mix of Spanish Revival, ranch-style, and modern homes, along with condos, some of which are HOA-controlled. Key Biscayne is known for its higher housing costs, with median prices significantly above the national average. The island is home to several attractions, including Bill Baggs Cape Florida State Park, which offers fishing spots, trails, and the historic Cape Florida Lighthouse. Crandon Park, located on the northern edge, is popular for kayaking, sailing, birdwatching, and tennis. Crandon Golf at Key Biscayne provides an 18-hole layout with ocean views. Village Green Park in the island's center has soccer fields and walking paths. Dining options are concentrated along Crandon Boulevard, featuring diverse cuisines such as Italian-Argentinian fusion at Milanezza Kitchen and Bar, Mediterranean dishes at Costa Med Bistro + Wine, and Latin breakfast and lunch at Mestizo Latin Cuisine. Shopping includes boutique stores and a Winn-Dixie. Students attend highly rated Miami-Dade County Public Schools, with elementary and middle schools on the island and high schools in nearby areas. Key Biscayne faces hurricane and flooding risks, but homes are built to withstand severe weather. Metro Bus service connects the island to downtown Miami, and Miami International Airport is the closest commercial airport, 7 miles away. Crime rates in Miami-Dade County have seen a significant decrease, making the area safer than the national average.

Frequently Asked Questions

How much does it cost to rent a home in Key Biscayne, FL?
The median rent for a home in Key Biscayne, FL is $8,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Key Biscayne, FL?
To comfortably afford the median rent in Key Biscayne, FL, a household needs to earn roughly $340,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $8,500 per month in Key Biscayne, FL, renters typically need to show $25,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Key Biscayne, FL?
In Key Biscayne, FL, the price-to-rent ratio is 17.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Key Biscayne, FL are best for renting a home?
The best neighborhood for renting in Key Biscayne, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Miami, Flamingo, Miami Beach Boardwalk, Brickell and Northeast Coconut Grove, each with its own character and price range.

Rental Home Trends in Key Biscayne, FL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$8,500
Median Single Family Home Rent
$20,000
Median Townhouse Rent
$14,000
Median Condo Rent
$6,700
How to Rent a Home