Key West, Florida rent by ZIP (HUD Small Area FMRs, FY2027)
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom in Key West is $2,520 a month for ZIP 33040 (HUD, effective Oct 1, 2026; verified Oct 22, 2026).
Last updated Oct 22, 2026 · Last verified Oct 22, 2026
Data: HUD FY2027 (effective Oct 1, 2026)
How much is rent for a 2-bedroom in Key West?
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom in Key West, Florida is $2,520 a month, including utilities (ZIP 33040).
| Unit size | FY2027 rent | FY2026 rent | Change |
|---|---|---|---|
| Studio (0-bedroom) | $1,740 | $1,930 | −$190 (-9.8%) |
| 1-bedroom | $2,230 | $2,470 | −$240 (-9.7%) |
| 2-bedroom | $2,520 | $2,800 | −$280 (-10.0%) |
| 3-bedroom | $3,330 | $3,690 | −$360 (-9.8%) |
| 4-bedroom | $3,340 | $3,710 | −$370 (-10.0%) |
What is rent by ZIP code in Key West?
HUD sets a separate Small Area FMR for each ZIP code.
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 33040 | $1,740 | $2,230 | $2,520 | $3,330 | $3,340 |
Is rent in Key West higher than in Monroe County overall?
Key West's 2-bedroom figure is $266 above Monroe County's FY2027 Fair Market Rent of $2,254.
How does Key West compare with Monroe County?
Key West's figures are HUD Small Area FMRs; the county column is HUD's countywide Fair Market Rent.
| Unit size | Key West | Monroe County | Difference |
|---|---|---|---|
| Studio (0-bedroom) | $1,740 | $1,554 | +$186 |
| 1-bedroom | $2,230 | $1,990 | +$240 |
| 2-bedroom | $2,520 | $2,254 | +$266 |
| 3-bedroom | $3,330 | $2,973 | +$357 |
| 4-bedroom | $3,340 | $2,984 | +$356 |
Compare Key West with another place →
What is a Small Area Fair Market Rent?
A Small Area Fair Market Rent (SAFMR) is the same estimate calculated for a single ZIP code, so it shows how rents differ inside a metro area.
Monroe County rent → · More about Monroe County →
Sources
- HUD FY2027 Small Area Fair Market Rents data file (effective Oct 1, 2026) (verified Oct 22, 2026)
- Federal Register notice of FY2027 FMRs (91 FR 56156): effective October 1, 2026 (verified Oct 22, 2026)
- HUD: FY2027 FMR reevaluation requests (no Florida areas listed) (verified Oct 22, 2026)
- HUD FY2027 Fair Market Rents, county-level data file (effective Oct 1, 2026) (verified Oct 22, 2026)
- HUD USER: Fair Market Rents (definitions and documentation) (verified Oct 22, 2026)
- HUD FY2026 Small Area FMRs data file (revised; prior-year column) (verified Oct 22, 2026)
- Census 2020 ZCTA-to-place relationship file (verified Oct 22, 2026)
Last updated: Oct 22, 2026 · Next review: Jan 15, 2027 · Download CSV (county FMRs) · Download CSV (ZIP and city SAFMRs) · Methodology