11

Studio Apartments for Rent in Key West, FL

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    Starting at $2,393 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

    (786) 971-2112

    3900 S Roosevelt Blvd, Key West, FL 33040
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    $2,200

    Total Monthly Price

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

    1505 White St Unit Efficiency, Key West, FL 33040

    This unit is unique at 1505 White large one bedroom and one bathroom, with private mini deck & outdoor bar sink & grillLocated two blocks from ocean The unit comes furnished and includes air conditioning for climate control. The smoke-free environment ensures a healthy living space. Exterior amenities include a gated entry for added security, a grill for outdoor cooking, and a deck for

    1505 White St Unit Efficiency, 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 $3,200 per month, though prices vary by neighborhood, size, and property type. As of May 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 $128,000 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 $3,200 per month in Key West, FL, renters typically need to show $9,600 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 30.2, 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 in Key West, FL

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$3,200
Median Single Family Home Rent
$3,500
Median Townhouse Rent
$5,900
Median Condo Rent
$3,200
How to Rent a Home