$10,800 Per Month
- 3 Beds
- 2.5 Baths
- 1,730 Sq Ft
- Condo for Rent
50 Ocean Lane Dr Unit PH603, Key Biscayne, FL 33149
50 Ocean Lane Dr Unit PH603, Key Biscayne, FL 33149
Frequently Asked Questions
How much does it cost to rent a condo in Key Biscayne, FL?
The median rent for a condo in Key Biscayne, FL is $6,750 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Key Biscayne, FL?
To comfortably afford the median rent in Key Biscayne, FL, a household needs to earn roughly $359,960 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $8,999 per month in Key Biscayne, FL, renters typically need to show $26,997 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Key Biscayne, FL?
In Key Biscayne, FL, the price-to-rent ratio is 16.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Key Biscayne, FL are best for renting a condo?
The best neighborhood for renting in Key Biscayne, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Northeast Coconut Grove, Brickell, The Roads, Coral Way and Sunrise Point, each with its own character and price range.
