How to Rent Your Vacation Home or Condo in Key West, Florida

Positive vacation rental trends in Key West, Florida when you considering renting out your Key West home as a short-term rental In recent years, travelers have been steadily increasing their use of short-term vacation rentals. In fact, short-term vacation rentals have become one of the most popular ways to travel while also saving money. The main reasons that people choose to rent a short-term vacation home are convenience and cost savings. Not only can renting out your Key West home provide you with much-needed income, but it can also help you save money on lodging expenses. Plus, by renting out your Key West home as a short-term vacation rental, you can make some extra cash without having to deal with the hassles of finding and maintaining a full-time residence in Key West.

Current Vacation Rental Trends in Key West

During the month of September, Key West and areas including Stock Island, and Key West are projected to generate over $445/night for a 2 bedroom vacation rental, on average! There were 2,268 vacation active rental properties in Key West.  2,154 are renting the entire place, and 114 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Key West is booked 68% of the time, and most hosts are projected to generate $7,992 or more during the month of September! See how much you could earn with our free vacation rental income calculator.
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$445.00 Per Night*

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68% Occupied*

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$7,992.00 Per Month*

* Based on the median average of all vacation rentals in the Key West area.
Get a free estimate for your home or condo.

Vacation Rentals in Key West are Generating Record Profits with RedAwning

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Successful short-term vacation rentals in Key West, Florida

Vacation rentals have become an increasingly popular way for homeowners to earn extra income. Vacation rentals offer many benefits, including the opportunity to earn extra income, reduce your long-term costs, and provide a flexible way to enjoy your vacation. However there are a few things you should know before renting out your home. First, it is important to understand the legal requirements and regulations that apply in your state. Second, you need to decide whether you want to rent out your property short-term or long- term. Finally, it is important to be prepared for the financial and logistical challenges that come with short-term rental vacations. By following these tips, you can successfully plan a short-term vacation rental that meets all your needs and expectations.

Whether you’re a first-time short-term rental owner or an experienced short-term vacation rental host, there are a few things to keep in mind. Positive Key West short-term rental trends include: Prime location - Short-term rentals located centrally in Key West are the most popular. Location is key, as the proximity to public transportation and attractions can make it easier for guests to get around and see the sights. Convenient access - Short-term rentals can offer a convenient alternative to hotels and other lodging options in Key West. If you have an extra bedroom or two, consider renting out one to guests who need a place to stay during their visit. Smaller groups - With home rentals, you can book smaller groups of people without the hassle of hotel rooms, which means more flexibility for your vacation.

Revenue Projections for Vacation Rentals in Key West, Florida during October, 2022

Based on a 2 bedroom, which is the most common Key West vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in October. Higher bars below can command higher prices, if your Key West vacation rental is available during these days.
 
$44169%1st
 
$42068%2nd
 
$42368%3rd
 
$42268%4th
 
$41370%5th
 
$41972%6th
 
$44674%7th
 
$45074%8th
 
$43572%9th
 
$44070%10th
 
$44269%11th
 
$43770%12th
 
$43773%13th
 
$42674%14th
 
$43472%15th
 
$42269%16th
 
$42968%17th
 
$43367%18th
 
$43466%19th
 
$44367%20th
 
$53568%21st
 
$54168%22nd
 
$53268%23rd
 
$52869%24th
 
$53969%25th
 
$52671%26th
 
$50674%27th
 
$49976%28th
 
$50775%29th
 
$52568%30th
 
$47265%31st
 

Average Daily Price & Percent Occupied Next Month In Key West

Note: These averages are based on a 2 bedroom home in Key West. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Key West, Florida?

If you are a speculative home buyer or have another home in Florida, check out our other Florida Vacation Rental Management reports in Bradenton BeachBradentonBrooksvilleCape CanaveralCaptivaClearwater BeachClearwaterClermontCocoa BeachDade CityDaniaDavenportDaytona BeachEnglewoodFort LauderdaleFort MyersHaines CityHollywoodJacksonville BeachJacksonvilleJensen BeachKissimmeeMarathonMarco IslandMiami BeachOrlandoMiamiNaplesNavarreNew Port RicheyNorth Weeki WacheePalm BeachPompano BeachPunta GordaSaint PetersburgSanibelSarasotaSatellite BeachSt. AugustineSt. PetersburgStuartSurfsideTampaVero BeachWest Palm BeachFt. WaltonDestinPanama City BeachMiramarSiesta KeyPalm CoastFlagler BeachGeorgetownDatona BeachNew Smyrna BeachOak HillMelbornePalm BayFort PierceDelray BeachBoca RatonBrunswickHudsonVeniceBoca GrandeBonita SpringsEverglades CityOkaloosa IslandCape CoralDaytonaPort St. JoeCrystal RiverGainesvilleFort Myers BeachFort Walton BeachFernandina BeachSanta Rosa BeachHolmes BeachCape HazeSaint AugustineMiramar BeachTreasure IslandAnna MariaInlet BeachNavarre BeachInvernessChampions GateHollywood BeachSunny IslesPlacidaSeacrest BeachRosemary BeachHainesSunny Isles BeachIndian Rocks BeachDaytona Beach ShoresOkeechobeeLongboat KeyReunionPalm HarborProvidenceLake Buena VistaHernandoCortezOakland ParkMelbourneSeagrove BeachFour CornersFt Myers BeachOrmond Beach,  and Panama City, Florida or view all of our vacation rental market reports

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