Low Income Apartments and Affordable Housing For Rent in Key West, FL

Discover affordable housing in Key West where there are 16+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Marty's Place

1515 Bertha Street, Key West, Florida 33040

Martys Place

1909 Venetia St, Key West, Florida 33040

Mariners Cove Apartments

3330 Northside Dr, Key West, Florida 33040

Cayo Del Mar

5501 3rd Ave, Key West, Florida 33040

Mccarthy Rogers Residence

1213 William St, Key West, Florida 33040

Harvey House

1215 Catherine St, Key West, Florida 33040

Poinciana Gardens Senior Living Community

1664 Dunlap Dr, Key West, Florida 33040

Flagler Village

5300 Macdonald Ave, Key West, Florida 33040

The Quarry

10 Betty Rose Dr, Key West, Florida 33040

Meridian West

6701 Shrimp Rd, Key West, Florida 33040

Douglass Square

800 Emma St, Key West, Florida 33040

Senior Citizens Plaza

1400 Kennedy Dr, Key West, Florida 33040

Garden View Apartments

5220-5224 College Rd, Key West, Florida 33040

Poinciana Royale

1341 McCarthy Ln, Key West, Florida 33040

Key Plaza 97hr008

Robert Gabriel Ext, Key West, Florida 33040

Joseph Y Porter Pl

1200 1st St, Key West, Florida 33040

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Key West, Florida
$40.51/hour
$28.51 (+238%) more than Florida minimum wage and $33.26 (+459%) more than the Federal minimum wage.
Learn More About Key West, Florida Affordable Housing ↓

What HUD offices serve Key West, Florida?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Key West, Florida.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Key West, Florida.

Go to the Florida Public Housing and Low-Income Apartments Waiting Lists page for openings near Key West.

How many renters live in Key West, Florida?

The City of Key West has 26,078 people living in 11,161 households.

There are 13,321 renters living in 6,001 renter households in this City. Renters make up 51.08 percent of the population living in Key West.

What is the rental market like in Key West, Florida?

There are an estimated 14,482 housing units in the Key West area. Of these, 7,169 units are rental homes, making up 50 percent of the housing market. For every renter household in Key West, Florida, there are 1 rental units.

What is the vacancy rate for rentals in Key West?

The rental vacancy rate in Key West is 16 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Key West for each bedroom size?

Occupied Rental Units by Size in Key West
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
538 1,536 2,458 1,235 223
Occupied Rental Units by Size in Key West

A large number of apartments in Key West have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Key West are overburdened by housing costs?

Among renter households in this market, 60 percent have housing cost burden. Further, 29 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Key West

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,556 to $3,426. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,556
One BR $1,730
Two BR $2,139
Three BR $2,812
Four BR $3,426
2024 Fair Market Rents in Key West, Florida

How many units are rented at Fair Market Rent (FMR) in Key West?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 334 62 percent
One BR 459 30 percent
Two BR 689 28 percent
Rental Units Below FMR in Key West, Florida

How many affordable rental units are in Key West?

There are a variety of federal affordable housing programs serving households in Key West, Florida including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 288
Public Housing 588
Section 8 Project-Based Rental Assistance 24
Section 236 Rental Assistance 3
Section 811 Supportive Housing for Persons with Disabilities 19
Tracked Units by Federal Program in Key West, Florida

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Key West, Florida

Key West features 734 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Key West, Florida

There are 521 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Key West.

Housing Choice Vouchers in Key West, Florida

On average, Section 8 Housing Choice vouchers pay Key West landlords $1,000 per month towards rent. The average voucher holder contributes $600 towards rent in Key West.

The maximum amount a voucher would pay on behalf of a low-income tenant in Key West, Florida for a two-bedroom apartment is between $1,925 and $2,353.

Sourced from federal housing data and AffordableHousingOnline.com research.