RentDataNowRentDataNow
City Report · FL

Key Largo

Pop. 13,026·33rd most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$2,935/mo
Year-over-Year
-4.8%
Month-over-Month
-0.3%
vs US Median
+$970
Stable (Monthly)
Be the first to discuss Key Largo rents ↓
Most AffordableMost Expensive
Key Largo · $2,935
More expensive than 89% of US cities · National median $1,965/mo
Affordability
41% of income
STRETCHED
0%30% benchmark60%+

At $2,935/mo, rent takes about 41% of the local median household income, well above the 30% benchmark.

Income to afford
$117,000/yr
Local median income
$85,778/yr
Based on the 30%-of-income rule using Key Largo's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,540
1 BR
$1,870
2 BR
$2,240
3 BR
$2,980
4 BR+
$3,290
Research median
$2,240/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$35,220/yr
At $2,935/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 4.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-4.8% YoY, -0.3% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Key Largo, FL is majority owner-occupied, has a large retiree population, 39% of residents hold a bachelor's degree or higher.

Population
13,026
Median income
$85,778
Median age
49.6
Renters
23.8%
Age distribution
15.4%
15.2%
26.9%
15.5%
27%
Under 1815.4%
18–3415.2%
35–5426.9%
55–6415.5%
65+27%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
68.6%
33%
White68.6%
Black1.9%
Hispanic33%
Education (25+)
28.3%
26.1%
39%
No HS diploma6.6%
HS diploma28.3%
Some college26.1%
Bachelor's+39%
Housing tenure
76.2%
23.8%
Owner76.2%
Renter23.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Key Largo, FL has changed in 5 years

Income
$66,463 → $85,778
up 29.1%
Population
10,854 → 13,026
up 20.0%
Renter share
24.9% → 23.8%
-1.1 pts
Bachelor's+
34.6% → 39%
+4.4 pts
Median age
52 → 49.6
-2.4 yrs

Census figures show median household income at $85,778 today, compared with $66,463 five years earlier. Census counts show Key Largo, FL adding about 2,172 residents over the five-year window, up 20.0% on net. Bachelor's-degree-or-higher attainment moved from 34.6% to 39% across the same window.

Community

Discussions about Key Largo

No discussions yet. Start the conversation.

View Key Largo rent history (2015–2026) →
Salary vs rent

Can you afford rent in Key Largo on your salary?

At $2,935/mo, how Key Largo rent compares to typical pay (30% rule).

By apartment size

Key Largo rent by bedroom count

Median rent for each apartment size in Key Largo. Click any size for full breakdown.

Local insights

Tips for renters in Key Largo

About renting in Key Largo, FL

Last updated: July 20, 2026

The median rent in Key Largo is $2,935/mo as of July 2026. A studio apartment averages $1,540/mo while a 2-bedroom runs $2,240/mo. One-bedroom apartments average $1,870/mo and 3-bedroom units go for $2,980/mo.

At 41% of local median household income ($85,778/yr), Key Largo ranks as moderate compared to the national benchmark of 30%. Rents have decreased 4.8% over the past year.

FAQ

Frequently asked questions

Is Key Largo an affordable city for renters?

Key Largo is considered stretched for renters. At $2,935/mo, rent takes approximately 41% of the local median household income ($85,778/yr). The standard benchmark is 30%. Key Largo significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Key Largo?

To keep rent at or below 30% of gross income, you would need to earn at least $117,000/year (~$56/hour full-time) to afford the median rent of $2,935/mo in Key Largo. The local median household income is $85,778/yr, meaning the typical Key Largo household falls short of that threshold.

Is rent going up or down in Key Largo?

Rent in Key Largo has decreased 4.8% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Key Largo rent compare to other cities in Florida?

Key Largo is one of the pricier cities in Florida for rent, ranking #33 out of 288 tracked cities at $2,935/mo.

Which nearby cities are cheaper to rent in than Key Largo?

Several nearby cities have lower median rents than Key Largo ($2,935/mo): Homestead ($2,444/mo), The Hammocks ($2,467/mo), Florida City ($2,486/mo).

What percentage of Key Largo residents rent vs. own?

According to Census data, approximately 23.8% of Key Largo households are renters, while 76.2% are owner-occupied. Key Largo leans toward homeownership, which can mean a smaller rental inventory.

How does Key Largo rent compare to the national average?

Key Largo's median rent of $2,935/mo is $970 (49%) above the US national median of $1,965/mo. Within Florida, it ranks #33 out of 288 tracked cities.
Income Affordability
41%
STRETCHED

At $2,935/mo, rent takes ~41% of Key Largo's median household income ($85,778/yr). The standard benchmark is 30%.

Key Largo 41%Benchmark 30%
State income taxNone
Run the Key Largo affordability calculator →
Lowest-rent ZIP codes in Key Largo
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Key Largo, FL

Recent submissions

Be the first to submit your rent for Key Largo.

Recent discussions

No discussions yet.