Airbnb Pricing in Key West, FL
Key West commands some of the highest STR rates in Florida. Limited supply and strong winter demand create premium pricing. Fantasy Fest in October is the top event driver.
75% avg occupancy+1.5% YoY ADR6 key neighborhoods
High Season — Apr 2026
Demand is 10% above average. Prices should be adjusted upward.
Average Nightly Rates in Key West
Base rates by property type. Adjust for season, events, and amenities.
| Property Type | Avg Rate | This Month |
|---|---|---|
| Studio | $160 | $176 |
| 1 Bedroom | $220 | $242 |
| 2 Bedrooms | $310 | $341 |
| 3 Bedrooms | $430 | $473 |
| 4+ Bedrooms | $580 | $638 |
| Private Room | $95 | $105 |
Seasonal Pricing Trends
Monthly demand multipliers. 1.0x = average, above = high demand.
1.25xJan
1.3xFeb
1.25xMar
1.1xApr
0.85xMay
0.75xJun
0.8xJul
0.7xAug
0.65xSep
0.85xOct
1xNov
1.15xDec
High season Average Low season Current month
Events That Affect Pricing
Major events in Key West that drive short-term rental demand.
Fantasy Fest
Oct · Book 45+ days ahead
New Year's Eve Drop
Dec · Book 30+ days ahead
Hemingway Days
Jul · Book 14+ days ahead
Top Neighborhoods in Key West
Old TownNew TownDuval StreetTruman AnnexCasa MarinaStock Island
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Market Snapshot
- Avg Occupancy
- 75%
- YoY ADR Change
- +1.5%
- Supply Growth
- +-1%
- Season (now)
- 1.1x
Pricing Guides
Frequently Asked Questions
What is the average Airbnb nightly rate in Key West?
The average nightly rate for a 1-bedroom entire place in Key West, FL is $220. A 2-bedroom averages $310 and a 3-bedroom averages $430. Private rooms average $95 per night.
What is the best time for Airbnb hosts in Key West?
The highest-demand months in Key West are February, January, March. During peak season, hosts can charge 20-50% above their base rate. Year-over-year ADR growth in Key West is +1.5%.
What events drive Airbnb prices up in Key West?
The biggest pricing events in Key West are Fantasy Fest (+120%), New Year's Eve Drop (+80%), Hemingway Days (+30%). Hosts should adjust pricing 45 days in advance to capture early bookings at premium rates.
What is the average Airbnb occupancy rate in Key West?
The average Airbnb occupancy rate in Key West is 75%. Listing supply has changed by -1% year-over-year, which keeps the market relatively stable.
How much should I charge for a 2-bedroom Airbnb in Key West?
A 2-bedroom entire place in Key West averages $310 per night. Adjust up during peak months (February, January) and during major events. Properties in top neighborhoods like Old Town and New Town can command higher rates.