Rent in Key West, FL
Across Key West's 3 ZIP codes, a 2-bedroom typically rents for about $2,254 a month, with figures from $2,214–$2,254. The highest typical rent is in 33045 ($2,254) and the lowest in 33040 ($2,214). 1 ZIP has ZIP-level figures from HUD or Census; the other 2 use the county Fair Market Rent. Owner-occupied homes in Monroe County pay about 0.53% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,554 | $1,260–$1,554 | 3 |
| 1 bed | $1,990 | $1,990–$2,057 | 3 |
| 2 beds | $2,254 | $2,214–$2,254 | 3 |
| 3 beds | $2,973 | $2,730–$2,973 | 3 |
| 4 beds | $2,984 | $2,984 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Key West ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Key West, FL?
- About $2,254 a month: the median of the typical rents in 3 ZIP codes, which range from $2,214–$2,254. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Key West, FL?
- About $1,990 a month: the median of the typical rents in 3 ZIP codes, which range from $1,990–$2,057. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Key West, FL?
- About $2,973 a month: the median of the typical rents in 3 ZIP codes, which range from $2,730–$2,973. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Key West, FL?
- About $1,554 a month: the median of the typical rents in 3 ZIP codes, which range from $1,260–$1,554. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Key West, FL?
- About $2,984 a month: the median of the typical rents in 3 ZIP codes, which range from $2,984. Figures are gross rent (rent plus tenant-paid utilities).
- Which Key West ZIP code has the highest rent?
- For a 2-bedroom, 33045 has the highest typical rent at $2,254 a month, and 33040 the lowest at $2,214.
- What is the property tax rate in Key West, FL?
- Owner-occupied homes in Monroe County pay a typical 0.53% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Key West rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).