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Rental Market Trends in Key Largo, FL

What is the average rent in Key Largo, FL?

$2,309/month

Average Rent

898 Sq Ft

Average Apartment Size

-2.2%

Decrease in the Last Year

As of July 2025, the average rent in Key Largo, FL is $2,309 per month. This is 41% higher than the national average rent price of $1,636/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, $2,309 for a one-bedroom apartment, and around $2,622 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
One Bedroom
$2,309/month
898 Sq Ft
Two Bedroom
$2,622/month
1,067 Sq Ft
Three Bedroom
$2,936/month
1,348 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,881/month
1,085 Sq Ft
Three Bedroom
$5,820/month
1,572 Sq Ft
Four Bedroom
$13,821/month
2,699 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 2.2%, which averages out to $50 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
Market Trends Over Time
Rent Ranges in Key Largo, FL
Last Updated July 2025
Above $2,000
Most rental prices fall within this range
Rent Ranges in Key Largo, FL
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 $2,309, you’ll want to make about $7,696 per month or $92,352 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.

City

Key Largo, FL

77 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Key Largo, FL

Apartment Averages

Apartment communities in Key Largo we think you'll love

Playa Apartments

Playa Apartments

21 1st Ave,
Key Largo, FL 33037

1-2 Beds | $2,309 - $3,222

Keys Lake Villas

Keys Lake Villas

106003 Overseas Hwy,
Key Largo, FL 33037

2-3 Beds | $2,650 - $2,935

549 Plante St

549 Plante St

549 Plante St,
Key Largo, FL 33037

1 Bed | $2,200

123 Point Pleasant Dr

123 Point Pleasant Dr

123 Point Pleasant Dr,
Key Largo, FL 33037

3 Beds | $5,000

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United States Florida Key Largo Rental Trends

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.

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Equal Housing Opportunity