Rentometer, Inc. | Data as of 10/22/2025
Key West’s vibrant island atmosphere and historic charm make it a coveted destination for both short‑term visitors and long‑term residents. Nestled at the southernmost tip of Florida, the city offers an eclectic mix of waterfront promenades, lively Duval Street nightlife, and iconic landmarks such as Mallory Square and the Ernest Hemingway Home. Neighborhoods like Old Town, Bahama Village, and the Historic Seaport each provide a distinct sense of community, from quiet, tree‑lined streets to bustling arts districts, ensuring renters can find an environment that matches their lifestyle.
The rental market reflects Key West’s diverse housing inventory, with modern apartments and classic single‑family homes available across a range of sizes. One‑bedroom apartments typically fall in the $1,500‑$2,000 range, while two‑bedroom units often command around $3,500. For those seeking more space, one‑bedroom houses are generally priced near $2,600‑$2,900, and two‑bedroom homes range from $5,300‑$5,600. Larger family homes, including three‑bedroom properties, are priced in the $5,800‑$5,900 bracket, and premium four‑plus‑bedroom houses command rates in the $12,000‑$13,000 range. These figures highlight the strong demand for both compact urban dwellings and spacious residences that accommodate the island’s active, outdoor‑oriented lifestyle.
Beyond the numbers, Key West rentals provide easy access to world‑class snorkeling, fishing charters, and sunset celebrations at the famed pier. Proximity to boutique shops, eclectic cafés, and cultural festivals ensures that renters enjoy a seamless blend of relaxation and excitement. Whether you’re drawn to the historic allure of Old Town, the artistic vibe of Bahama Village, or the coastal serenity of the Seaport, Key West offers a rental experience that is as unique as the island itself.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,977 | $1,460 | $900 - $4,250 | $1,335 - $2,808 |
| Apartment | 2 Bedroom | $3,543 | $3,500 | $2,993 - $4,000 | $3,300 - $3,950 |
| House | 1 Bedroom | $2,861 | $2,650 | $1,600 - $4,500 | $2,350 - $3,200 |
| House | 2 Bedroom | $5,324 | $5,550 | $3,100 - $8,500 | $3,995 - $6,000 |
| House | 3 Bedroom | $5,894 | $5,800 | $305 - $12,000 | $4,950 - $6,500 |
| House | 4+ Bedroom | $13,648 | $12,000 | $330 - $30,000 | $8,100 - $17,008 |
In the current period, the average rent in Key West was
$2,234 for 1 Bedroom,
$5,020 for 2 Bedroom,
$5,775 for 3 Bedroom, and
$11,459 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.