Studio Apartment Rent in Key West, FL
Median asking rent for a studio apartment in Key West, Florida as of July 2026. That's +51% lower than the citywide median of $3,351 and +27% above the national studio median of $1,290.
Income needed for a studio in Key West
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Key West
Compare Key West's median rent across every apartment size.
Cheapest cities for a studio in Florida
| # | City | Studio rent |
|---|---|---|
| 1 | Pinewood | $360 |
| 2 | Palatka | $780 |
| 3 | Lake City | $840 |
| 4 | Belleview | $860 |
| 5 | Hernando | $860 |
| 6 | Crystal River | $865 |
| 7 | Treasure Island | $872 |
| 8 | Sebring | $875 |
| 9 | Auburndale | $910 |
| 10 | Bartow | $910 |
| 11 | Ocklawaha | $910 |
| 12 | Lake Alfred | $920 |
| 13 | Lake Placid | $930 |
| 14 | Cape Canaveral | $940 |
| 15 | Freeport | $940 |
Most expensive cities for a studio in Florida
| # | City | Studio rent |
|---|---|---|
| 1 | Key Biscayne | $2,560 |
| 2 | Weston | $2,547 |
| 3 | Doral | $2,450 |
| 4 | Aventura | $2,390 |
| 5 | Loxahatchee | $2,380 |
| 6 | Parkland | $2,365 |
| 7 | Windermere | $2,360 |
| 8 | Lithia | $2,350 |
| 9 | Coral Gables | $2,235 |
| 10 | West Miami | $2,220 |
| 11 | Pembroke Pines | $2,220 |
| 12 | Miami Beach | $2,203 |
| 13 | Royal Palm Beach | $2,178 |
| 14 | The Hammocks | $2,170 |
| 15 | Apollo Beach | $2,170 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Key West.
| City | Distance | Studio rent | vs Key West |
|---|---|---|---|
| Islamorada, FL | 84.5 mi | $1,470 | $-170 (-10%) |
| Marco Island, FL | 93.8 mi | $1,590 | $-50 (-3%) |
| Florida City, FL | 99.7 mi | $1,520 | $-120 (-7%) |
| Naples, FL | 112.4 mi | $1,441 | $-199 (-12%) |
| Key Largo, FL | 112.9 mi | $1,540 | $-100 (-6%) |
| Homestead, FL | 119.2 mi | $1,625 | $-15 (-1%) |
| The Hammocks, FL | 122.4 mi | $2,170 | +$530 (+32%) |
| Bonita Springs, FL | 123.9 mi | $1,630 | $-10 (-1%) |
| The Crossings, FL | 126.8 mi | $2,110 | +$470 (+29%) |
| Cutler Bay, FL | 127.3 mi | $1,660 | +$20 (+1%) |
| Estero, FL | 127.5 mi | $2,010 | +$370 (+23%) |
| Pinecrest, FL | 133.8 mi | $2,050 | +$410 (+25%) |
Studio rent in Key West — common questions
How much is a studio apartment in Key West?
As of July 2026, the median studio apartment rent in Key West, Florida is $1,640 per month. This is +51% below the citywide median of $3,351.
What income do you need to afford a studio in Key West?
Using the standard 30% rent-to-income rule, you would need an annual income of about $65,600 ($5,467/month gross), which works out to roughly $31.54/hour at a full-time job.
Is Key West expensive for a studio compared to the rest of the US?
Key West's studio median of $1,640 is +27% above the national studio median of $1,290. It ranks in the 73th percentile of US cities tracked.
How does Key West rank for studio rent in Florida?
Among the 261 cities in Florida with studio data, Key West ranks #164 from cheapest to most expensive.
Are there cheaper studio options near Key West?
Yes — nearby cities with cheaper studio rents include Islamorada ($1,470), Marco Island ($1,590), Florida City ($1,520).