Rentometer, Inc. | Data as of 10/22/2025
The Key West‑Key Largo metro area is a dynamic coastal region where laid‑back island culture meets historic elegance. From the pastel‑colored streets of Old Town Key West and the lively Duval Street promenade to the serene marinas of Key Largo, residents enjoy world‑class fishing, sailing, and coral‑reef diving. Iconic landmarks such as the Ernest Hemingway Home, Mallory Square sunset celebrations, and John Pennekamp Coral Reef State Park provide endless leisure opportunities, while a growing dining and arts scene makes everyday life feel like a vacation. Neighborhoods like Old Town, Bahama Village, and the Upper Keys each offer distinct vibes, from bustling walkable districts to quieter waterfront enclaves.
The rental market reflects this diverse appeal, offering a range of apartments and single‑family homes suited to both short‑term visitors and long‑term residents. One‑bedroom apartments typically fall in the $1500s to $1900s, while two‑bedroom units hover around the $3300 range, and three‑bedroom apartments often reach the mid‑$3000s. Houses provide more space, with one‑bedroom homes averaging roughly $2700, two‑bedroom homes near $4800, and three‑bedroom homes around $5850. Larger family homes with four or more bedrooms command premium rates in the $12,000‑$13,000 bracket, reflecting their expansive layouts and prime waterfront locations. Whether you’re seeking a boutique condo steps from Duval Street or a spacious house with a private dock, the Key West‑Key Largo rental market offers options that balance island lifestyle with modern comfort.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,937 | $1,556 | $900 - $4,250 | $1,335 - $2,600 |
| Apartment | 2 Bedroom | $3,330 | $3,300 | $2,275 - $4,000 | $3,036 - $3,600 |
| Apartment | 3 Bedroom | $3,182 | $3,242 | $2,072 - $3,805 | $2,935 - $3,798 |
| House | 1 Bedroom | $2,774 | $2,575 | $1,600 - $4,500 | $2,300 - $3,200 |
| House | 2 Bedroom | $4,827 | $4,650 | $1,050 - $8,500 | $3,500 - $6,000 |
| House | 3 Bedroom | $5,856 | $5,800 | $305 - $12,000 | $4,500 - $7,000 |
| House | 4+ Bedroom | $13,344 | $11,750 | $330 - $30,000 | $10,000 - $17,008 |
In the current period, the average rent in Key West-Key Largo, FL was
$2,142 for 1 Bedroom,
$4,444 for 2 Bedroom,
$5,500 for 3 Bedroom, and
$11,313 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.