Key Largo, FL

City

Rent in Key Largo

Median Gross Rent

$1,887

Rent-to-Income Ratio

33.8%

Renter Share

23.8%

Median Renter Income

$68,920

Avg Household Size

2.7

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

1 Bedroom: $1,434
2 Bedrooms: $2,046
3 Bedrooms: $1,994

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 3.8%
$1,000-$1,500: 10.0%
$1,500-$2,000: 35.9%
$2,000-$2,500: 12.8%
$2,500+: 20.7%
No Cash Rent: 16.8%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 12.7%
20-30% (moderate): 21.5%
30-50% (cost-burdened): 20.9%
50%+ (severely cost-burdened): 24.2%
Not Computed: 20.8%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $88,304
Renter Households: $68,920

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 5.0%
$1,000-$1,500: 15.6%
$1,500-$2,000: 32.5%
$2,000-$2,500: 17.6%
$2,500+: 12.6%
No Cash Rent: 16.8%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Key Largo

Neighborhood

Monroe, FL

Trail City / The Watson Place

Grayvik / North Key Largo

Newport / Key Largo Park

Rock Harbor / Thompson

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources