The Most and Least Expensive Areas to Rent in Key Biscayne, FL

Key Biscayne renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.

 

Key Biscayne, FL of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in Key Biscayne is about $3,216 per month. This puts it in the 99th percentile compared to the state average cost of rent, which is $1,453. Households in Key Biscayne have a median income of $15,297 per month so the average renter in Key Biscayne is spending roughly 21% of their earnings on housing.

Nationally, and in Key Biscayne, home values are the data point most closely correlated with the cost of rent. The median price of a home in Key Biscayne is $1,364,105 right now, which is higher than nearby cities, meaning that rents in Key Biscayne also tend to be higher versus these nearby cities.

Higher rent prices are common in the northeastern parts of Key Biscayne while lower rent rates are often available in northwestern areas.

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