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Affordable apartments in Key West, Florida

8 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

8 lihtc

Buildings

CAYO DEL MAR

LIHTC
5501 THIRD AVE, KEY WEST, FL, 33040
Income-restricted units
130 of 130
Year placed in service
2005
Bedroom mix
8 1BR · 89 2BR · 33 3BR

Estimated total housing cost: $2,059 rent + $169 utilities = $2,228/mo

Contact property management for current availability. Waitlists may apply.

MERIDIAN WEST

LIHTC
6701 SHRIMP RD, KEY WEST, FL, 33040
Income-restricted units
102 of 102
Year placed in service
2004
Bedroom mix
17 1BR · 68 2BR · 17 3BR

Estimated total housing cost: $2,059 rent + $169 utilities = $2,228/mo

Contact property management for current availability. Waitlists may apply.

MARINER'S COVE - KEY WEST

LIHTC
3314 NORTHSIDE DR, KEY WEST, FL, 33040
Income-restricted units
78 of 78
Year placed in service
1996
Bedroom mix
36 1BR · 33 2BR · 9 3BR

Estimated total housing cost: $2,059 rent + $169 utilities = $2,228/mo

Contact property management for current availability. Waitlists may apply.

POINCIANA ROYALE

LIHTC
1341 MCCARTHY LN, KEY WEST, FL, 33040
Income-restricted units
50 of 50
Year placed in service
2011
Bedroom mix
50 1BR

Estimated total housing cost: $2,059 rent + $169 utilities = $2,228/mo

Contact property management for current availability. Waitlists may apply.

FLAGLER VILLAGE

LIHTC
5300 MACDONALD AVE, KEY WEST, FL, 33040
Income-restricted units
49 of 49
Year placed in service
2011
Bedroom mix
1 1BR · 26 2BR · 22 3BR

Estimated total housing cost: $2,059 rent + $169 utilities = $2,228/mo

Contact property management for current availability. Waitlists may apply.

MARTY'S PLACE

LIHTC
1909 VENETIA STREET, KEY WEST, FL, 33040
Income-restricted units
47 of 47
Year placed in service
2020
Bedroom mix
47 1BR

Estimated total housing cost: $2,059 rent + $169 utilities = $2,228/mo

Contact property management for current availability. Waitlists may apply.

DOUGLASS SQUARE

LIHTC
800 EMMA ST, KEY WEST, FL, 33040
Income-restricted units
17 of 50
Year placed in service
8888

Estimated total housing cost: $2,059 rent + $169 utilities = $2,228/mo

Contact property management for current availability. Waitlists may apply.

QUARRY

LIHTC
RIVIERA DRIVE AND PUERTA DRIVE, KEY WEST, FL, 33040
Income-restricted units
Not reported of 96
Year placed in service
2019
Bedroom mix
24 1BR · 64 2BR · 8 3BR

Estimated total housing cost: $2,059 rent + $169 utilities = $2,228/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Florida

Residential electricity in Florida runs about 15.43¢/kWh, with a typical monthly residential electric bill near $169. Natural gas runs about $28.02/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Key West, FL

Metro-level
BedroomsLocal FMRNational median
Studio$1,750n/a
1 bedroom$1,956n/a
2 bedroom$2,059$1,502
3 bedroom$2,677n/a
4 bedroom$3,089n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Monroe County, FL

FY2025. Area median income: $118,000.

Household size30% AMI50% AMI80% AMI
1 person$27,400$45,650$73,000
2 people$31,300$52,100$83,400
3 people$35,200$58,650$93,850
4 people$39,100$65,150$104,250
5 people$42,250$70,350$112,600
6 people$45,400$75,550$120,950
7 people$48,650$80,800$129,300
8 people$54,150$86,000$137,650

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Florida cities

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About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Key West cost-of-living and Fair Market Rent overview