7

Studio Apartments for Rent in Key West, FL

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    Starting at $2,417 Per Month

    • Studio - 3 Beds

    3900 S Roosevelt Blvd, Key West, FL 33040

    Ocean Walk apartments are located on the peaceful Atlantic side of the island, nestled among lush natural vegetation, just steps away from the beach. Ideally located just minutes from the best dining, shopping and entertainment Key West has to offer, Ocean Walk Apartment Homes boast spacious one, two, and three bedroom apartments, spectacular views, and first-rate amenities. Each recently

    Ocean Walk

    3900 S Roosevelt Blvd, Key West, FL 33040
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    $2,500 Per Month

    • Studio
    • 1 Bath
    • 587 Sq Ft
    • Furnished Studio Apartment in Old Town

    327 Margaret St, Key West, FL 33040

    Beautiful second floor studio for two on the second floor of the historic Sailmaker's House. - Incredible location in Historic Old Town!This property is located 1.5 blocks from the Historic Seaport and 4.5 blocks from Duval Street.The open floor plan maximizes the space in this airy tree top studio. Comfortable Queen size bed will inspire sweet dreams and the large built

    327 Margaret St, Key West, FL 33040

Why Live in Key West

Key West, located at the southernmost tip of Florida, is a small island community known for its vibrant nightlife and bustling tourism industry. Positioned at mile 0 of U.S. Route 1, it offers a unique blend of historic charm and modern attractions. The island's economy thrives on tourism, food services, and a notable presence of military and marine science sectors. The College of the Florida Keys is a key educational institution, attracting students interested in marine biology and renewable energy. Local businesses, such as the family-owned Fausto's Food Palace, add to the community's close-knit feel. Key West's historic Old Town district, centered around Duval Street and Mallory Square, is famous for its eclectic bars, Cuban eateries, and seafood restaurants. The nightly Sunset Celebration at Mallory Square features live performances and local vendors. Outdoor activities abound, with Fort Zachary Taylor Historic State Park offering biking, hiking, and snorkeling. The Key West Butterfly & Nature Conservatory showcases native species and tropical plants. Housing options range from small beach cottages to multimillion-dollar estates, with many homes dating from 1920 to 1980. The Monroe County School District serves local students, with highly rated schools like Sigsbee Charter School providing specialized marine sciences education. While the island's remoteness can be challenging, it fosters a strong sense of community among residents.

Frequently Asked Questions

How much does it cost to rent a home in Key West, FL?
The median rent for a home in Key West, FL is $3,300 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Key West, FL?
To comfortably afford the median rent in Key West, FL, a household needs to earn roughly $132,000 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 $3,300 per month in Key West, FL, renters typically need to show $9,900 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 West, FL?
In Key West, FL, the price-to-rent ratio is 29.0, 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.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$3,300
Median Single Family Home Rent
$3,550
Median Townhouse Rent
$4,700
Median Condo Rent
$3,200
How to Rent a Home