Playa Apartments
21 1st Ave,
Key Largo, FL 33037
1-2 Beds | $2,277 - $3,222
Rental Market Trends in Key Largo, FL
What is the average rent in Key Largo, FL?
$2,287/month
Average Rent
898 Sq Ft
Average Apartment Size
-3.1%
Decrease in the Last Year
As of July 2025, the average rent in Key Largo, FL is $2,287 per month. This is 40% higher than the national average rent price of $1,637/month, making Key Largo one of the most expensive cities in the US. When you rent an apartment in Key Largo, you can expect to pay about per month for a studio, $2,287 for a one-bedroom apartment, and around $2,582 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,936 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Key Largo, FL?
In the past year, rent has decreased by 3.1%, which averages out to $72 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Key Largo, FL
Last Updated July 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in Key Largo, FL?
Because the average rent in Key Largo is $2,287, you’ll want to make about $7,623 per month or $91,476 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Key Largo, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Key Largo, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.