What is the median rent in Key West, FL?

Name: Median rent in Key West, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Key West, FL is $2,220 (±$210) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 5,302 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Key West, the median gross rent went from $1,816 in 2015–2019 to $2,220 in 2020–2024 (+22.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $2,220 (±$210)
Rented homes: 5,302 (±463)
$2,000 or more: 55.6%
Since 2015–2019: +22.2%

How much rent costs in Key West

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Key West	Monroe County	Florida	United States
Less than $500	6.4% (±2.6 points)	4.4%	3.6%	6.3%
$500 to $999	7.5% (±3.3 points)	5.8%	10.7%	20.2%
$1,000 to $1,499	11.1% (±3.9 points)	14.0%	26.0%	28.1%
$1,500 to $1,999	19.3% (±5.3 points)	25.9%	28.8%	21.1%
$2,000 to $2,499	12.8% (±3.4 points)	16.7%	17.4%	12.0%
$2,500 to $2,999	17.2% (±4.7 points)	13.3%	7.2%	5.5%
$3,000 or more	25.6% (±5.9 points)	20.0%	6.3%	6.8%

The most common range is $3,000 or more, paid by 25.6% of renting households.

55.6% of rented homes in Key West cost $2,000 or more a month.

Key West against Monroe County, its state and the nation

Estimate (90% margin of error)
	Key West	Monroe County	Florida	United States
Median gross rent	$2,220 (±$210)	$1,999 (±$108)	$1,669 (±$5)	$1,413
Rented homes paying rent	5,302 (±463)	11,000 (±608)	2,716,443 (±16,958)	42,849,984

In Key West, median gross rent is not measurably different from Monroe County ($1,999).

It is also higher than in Florida ($1,669).

It is higher than the national figure ($1,413).

In Monroe County, Key West ranks 2 of 11 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 83 of 793.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Key West has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,816 (±$71)	$2,220 (±$210)	+22.2%	No measurable change after inflation
Households that rent	59.3% (±2.4 points)	50.8% (±3.6 points)	−8.5 percentage points	Measurable decrease
Rental vacancy rate	15.3% (±2.8 points)	13.1% (±3.3 points)	−2.2 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Key West

Nearest places with a published estimate, compared with Key West
Place	Distance	Median gross rent	Compared with this place
Key West	—	$2,220 (±$210)	—
Stock Island	2.2 mi	$2,013 (±$239)	Not measurably different
Big Coppitt Key	7.8 mi	$2,420 (±$392)	Not measurably different
Cudjoe Key	19 mi	$1,864 (±$165)	Lower
Big Pine Key	27 mi	$1,724 (±$144)	Lower
Marathon	49 mi	$1,633 (±$175)	Lower
Key Colony Beach	49 mi	$1,929 (±$232)	Not measurably different
Layton	63 mi	$1,833 (±$843)	Not measurably different
Islamorada	83 mi	$1,882 (±$263)	Lower

Nearby places with a measurably lower figure: Cudjoe Key, FL ($1,864), Big Pine Key, FL ($1,724), Marathon, FL ($1,633).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Monroe County, place by place

Rank	Place	Median gross rent
1	Big Coppitt Key	$2,420 (±$392)
2	Key West	$2,220 (±$210)
3	Stock Island	$2,013 (±$239)
4	Tavernier	$1,966 (±$245)
5	Key Colony Beach	$1,929 (±$232)
6	Key Largo	$1,887 (±$147)
7	Islamorada	$1,882 (±$263)
8	Cudjoe Key	$1,864 (±$165)

Showing 8 of 11 places in Monroe County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Key West

What is the average rent in Key West, FL?

The Census Bureau publishes the median rather than the average: the median gross rent in Key West is $2,220 (±$210) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Key West?

In Key West, the median gross rent went from $1,816 in 2015–2019 to $2,220 in 2020–2024 (+22.2%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Key West cost more than $2,000 a month?

55.6% of rented homes in Key West have a gross rent of $2,000 or more a month, and 6.4% cost less than $500.

Is rent in Key West higher than in Monroe County?

In Key West, median gross rent is not measurably different from Monroe County ($1,999).

It is also higher than in Florida ($1,669).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Key West city, Florida (place:36550, in state:12).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.