Where To Stay On A Budget In Key West, Florida - Updated 2024

Sowmya
Sowmya  
Updated
| 4 min read

A dream vacation destination, Key West in Florida offers a heady mix of enthralling beaches, exciting water sports, and buzzing nightlife. Its ample natural beauty and laid back vibe make it an ideal place to rejuvenate. Lounging in its pristine beaches, exploring the range of water sports, and enjoying nightlife are popular activities. An unmissable experience is watching the sunset from Mallory Square and soaking in the festive spirit. Must-see historical landmarks include Ernest Hemingway’s House and Little White House. Key West has much more to offer, and if you are wondering where to stay on a budget in Key West, Florida, then look no further! Read on for a curated list of best vacation rental options!

We handpicked these listings carefully, considering (wherever possible) Superhost status, recent guest reviews, location, accommodation type, prices, availability of dates, decor, and amenities. The image galleries get refreshed with the latest updates regularly. They were last updated on April 09, 2024.

1. Cosy, bright guest house close to landmarks (from USD 97)

Offering a warm and cheery ambience, this house is a charming option that can sleep up to four guests. The house features two bedrooms and its open-plan layout includes a well-furnished living room and dining space. You can relax in the small front porch and enjoy the Key West weather. Restaurants, bars and stores are all within easy walking distance. Please note that this rental has a booking requirement of minimum 28 nights or longer.

Stayed at this property?
Key West, FL, US
391 meters (0.3 ft) from The Hemingway Home and Museum
8 reviews  
House 4 Guests 1 Bedroom 1 Bathroom

Accommodates: 4
Minimum Nights: 28
Refund Policy : 100% refund if you cancel at least 30 days before check-in.

Top guest reviews
Amenities & Room:
we like the privacy of a cottage along with a full kitchen
Host:

the staff was helpful and the whole experience was exceptional
Location:
most of all though it was close to everything exciting on key west
if you're flying in and have no rental car it is a wonderful location
Read more reviews
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2. Stylish studio apartment in New Town (from USD 377)

Elegantly furnished and with sophisticated decor, this studio apartment located in the New Town section can sleep up to four guests. The suite includes a bedroom, a living room with a pull-out sofa and a full kitchen. There’s a private deck attached to the unit where guests can relax. Guests also have access to the pool which is shared with the property owners. The house is around 2 mi (3.2 km) from Duval Street.

Stayed at this property?
Key West, Florida, United States
4.45 km (2.8 mi) from The Hemingway Home and Museum
15 reviews   Superhost Wifi Available
ENTIRE HOME 4 Beds 10 Guests 4 Bedrooms 3 Bathrooms

Accommodates: 10

Top guest reviews
Amenities & Room:
the furnishings our upscale and the queen bed is so comfortable
little extras like breakfast bars coffee water and creamer were greatly appreciated
the pool area was so nice to sit an relax in completely private from neighbors
Cleanliness:
quiet neighborhood clean and private accommodations
apartment was clean very nicely decorated and had everything we could have needed
Host:
the owner is so nice and an exceptional host
pj is extremely responsive and the host (larry) was available to answer any questions
beautiful accommodations with the added bonus of a kind and attentive host—why would we go anywhere else
larry was an amazing host—full of local recommendations and committed to making our stay comfortable and relaxing
larry’s place is a hidden gem he was the best host and pj was so responsive
Location:
the location is ideal
Read more reviews

3. Studio apartment in Old Town neighbourhood (from USD 135)

Offering a chic coastal vibe this well-planned studio suite can sleep up to two guests. Though located within the main house the suite comes with a private entrance that opens into a front porch which is available for the guests’ exclusive use. The suite itself features a double bed, a small kitchenette fitted up with essentials like microwave along with an updated bathroom with walk-in shower. The suite is a short distance from Duval Street and the Harbor.

Stayed at this property?
Key West, Florida, United States
874 meters (0.6 ft) from The Hemingway Home and Museum
29 reviews   Superhost Wifi Available
ENTIRE RENTAL UNIT 1 Bed 2 Guests 1 Bedroom 1 Bathroom

Accommodates: 2

Top guest reviews
Amenities & Room:
plenty of space and nice little kitchen area
sophisticated design beautiful location spacious bathroom wonderful view from terrace
Cleanliness:
apartment very clean and very well located
Host:
julie was very communicative as well accommodating
julie was very responsive and was there when i needed any help
very friendly and pleasant people
i definitely recommend it for your vacation thank you for hosting us)
Location:
this location is perfect you can literally walk to anywhere from the beach to downtown
easy walk to duval street and beach
had a great experience at julie's place already making plans to return in the very near future
her place is great
Read more reviews

4. Spacious apartment with pool access (from USD 205)

Located on the second floor or a large condo building, this apartment comes with two bedrooms and can sleep up to six guests. Furnished in modern style, the apartment offers several facilities such as a roomy living and dining area, a fully equipped kitchen and a wrap-around deck that overlooks the surrounding garden and a pool. Guests have shared access to the pool. The house is located in a quiet residential area within Old Town, a 15-minute walk to Duval Street.

Stayed at this property?
Key West, Florida, United States
1.24 km (0.8 mi) from The Hemingway Home and Museum
16 reviews   Superhost Wifi Available
ENTIRE CONDO 2 Beds 4 Guests 2 Bedrooms 2 Bathrooms

Accommodates: 4

Top guest reviews
Location:
marlene’s place is a great find in the meadows area of key west
well designed nice pool nice people walkable to everything
Read more reviews

5. No-frills studio apartment for two (from USD 129)

Located in Bahama Village, this studio apartment can accommodate up to two guests. The facilities available for use include a compact kitchen with basics, a bathroom and access to a communal pool. The apartment is within easy reach of Duval Street (two blocks away). This is a perfect getaway for couples or solo travellers.

Stayed at this property?

287 meters (0.2 ft) from The Hemingway Home and Museum
221 reviews   Wifi Available
studio 2 Guests 0 Bedrooms 1 Bathroom

Accommodates: 2
Minimum Nights: 3
Refund Policy : 100% refund if you cancel at least 60 days before check-in.

Top guest reviews
Amenities & Room:
and the bathroom is a joke the sink is the size of a powder room sink
our studio room was the perfect rental for our 8 day stay
the room was perfect for two people
the location was perfect had all the ammenities you could need and the air conditioner worked well
the pool is very nice and was perfect temperature for being cooler out
Cleanliness:
it was clean and well put together
clean quiet room the pool was a great place to recover
it was clean and within walking distance of everything
Host:
the owner responded quickly before & during our stay with helpful local information such as bike rental
Location:
great location and everything you need to get by
walking distance to everything in key west relaxing pool quite neighborhood
the rental was located close to all attractions we wanted to visit
we would love to stay here again it was close to everything
the location was perfect the room was just as described
Read more reviews
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6. Tastefully decorated residence for long stays (from USD 119)

Suitable for long stays, this rental option is a large house in a residential neighbourhood just two blocks away from Duval Street. The two-bedroom house can sleep up to four guests, and features a living room, a full kitchen and a front porch perfect for relaxing. With simple and elegant furnishings done up in traditional style, the house has an appealing character. Please note that the rental period needs to be at least a month, though the actual stay can be shorter.

Stayed at this property?
Key West, FL, US
4 Guests 1 Bedroom 1 Bathroom
Earn OneKeyCash for every dollar spent on eligible hotels, vacation rentals, flights, car rentals, and more when you book across our family of brands.

7. Compact studio unit near Duval Street

The studio is located on the first floor of a huge house in a residential area and offers a double bed, a small kitchenette, and a bathroom. Guests have shared access to the pool on grounds, common living space, and seating area adjoining the pool and the front porch. The room is furnished in bright colours with simple elegance and features all essential amenities. The location of the unit is its biggest advantage - several of Key West’s landmarks are within easy reach including Ernest Hemingway Home and Museum, Mallory Square and Duval Street.

Stayed at this property?
Key West, Florida, United States
139 meters (455.1 ft) from The Hemingway Home and Museum
72 reviews  
Entire apartment 1 Bed 0 Bedrooms 1 Bathroom
Top guest reviews
Amenities & Room:
we got incredible sleep the bed was really comfortable and ac was nice and cool
the a/c unit kept us nice and cold considering it was very hot outside
it's clean and the air conditioner works fine
however the bed is super comfortable there is a fridge a small stove a tv and a sink
the space is quite small but the bed was very comfortable
Cleanliness:
everything was very clean
it was a clean room
linens and towels were clean and bed was very comfortable
space was quite small but clean
very comfy clean and cool
Host:
the host provided great information about the facility
our host provided wonderful little amenities within the unit and it was very clean
Location:
location was great and everything was walking distance
the location is great it‘s very close to everyting
location was nice and quiet
everything is very close just take a nice walk
this was such a cute little place
Read more reviews

8. Luxe sailboat experience

If you have ever wondered about living aboard a sailboat, then this option is for you! Offering a unique experience, here you will have use of a 32-foot (9.7 m) sailboat docked on the marina, just off a boutique hotel. The boat offers one bedroom but can accommodate up to four guests. There are a host of amenities available inside the boat including a double bed, berth beds, a small kitchenette with a fridge, microwave and coffee maker. The boat also offers a full bathroom. The guests additionally have access to the hotel’s amenities such as pools, restaurants, free kayaks and free shuttle to town.

Stayed at this property?
Key West, Florida, United States
6.46 km (4.1 mi) from The Hemingway Home and Museum
322 reviews   Superhost Wifi Available
Boat 4 Beds 4 Guests 1 Bedroom 1 Bathroom

Accommodates: 4

Top guest reviews
Amenities & Room:
the pools and the marina are very pretty
the hot water to wash up in was pleasant and the air conditioning worked well
the boat is real cute and cozy with all amenities that you need
there was ample space for the 4 of us and we were all comfortable
the sleeping arrangements are tight (hey it's a sailboat ) but comfortable
Cleanliness:
excellent boat and very clean
and it’s sparkling clean
the boat was clean had all the advertised amenities
it was very clean and was ready before our arrival
it had everything we needed it was clean and the marina was amazing
Host:
james is a wonderful host
james is a great host
james was a great host
james is an excellent host
host was easy to communicate with me
Location:
very interesting place to stay
the location is excellent quiet and calm
the location is excellent quiet and calm
great stay in key west perfect location
great location close to all the action in key west and it was fun to stay on a boat
Read more reviews

Enjoy Key West's at an affordable price

A Key West vacation is a special experience indeed. Its scenic beauty, tropical climate and welcoming ambience are sure to charm you. Consider taking walking tours of the Old Town to enjoy its appeal and appreciate its history. These affordable rentals are the perfect choice for those travelling on a budget.

Any must-sees we missed? Tell us about them in the comments section or write a post here to help out fellow travelers!
Disclosure: Trip101 selects the listings in our articles independently. Some of the listings in this article contain affiliate links.

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Writing and travelling both bring joy to Sowmya's life. Her favourite destination so far is Bhutan - a land of incredible beauty! And her favourite style of travelling is solo backpacking!...Read more

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