11 Best Cheap Hotels in Key West FL

No matter what you’re in the city for, you’ll always have a good time in Key West. This quirky city is known for its free-spirited independence. Aside from being a party town, it also features historical gems and funky boutique properties. Better yet, Key West is great any time of year! However, like many other travel destinations, finding a cheap hotel in Key West, FL, can be challenging. Though there’s no shortage of options, some cheap hotels in Florida Key West aren’t worth it. To ensure you stay at a nice, affordable hotel, we’ve compiled 11 of the best options! These best budget hotels in Key West will surely give you a memorable trip. Want to know more about them? Keep scrolling!

Island City House

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Opened in 1889, did you know that Island City House is one of the oldest guesthouses in the city? Though old, this three-star hotel is also one of Florida Key West’s most charming, cheap hotels. Surrounded by lush landscape, this cheap hotel in Key West, FL, comprises three separate buildings: the Cigar House, the Island City House, and the Arch House. There’s also a resident cat named Burt that’ll welcome you!

A comfy seating area, en suite bathroom, and hardwood floors can all be found in each Victorian-style guestroom. Other in-room amenities include a flat-screen TV, towels, a coffee maker, and a mini-fridge. You’re probably chillaxing in the outdoor pool when you’re not in your room. Want to take a look around the neighborhood? We recommend visiting Nancy Forrester’s Secret Garden, Ripley’s Believe It or Not, Key West Aquarium, and Duval Street.

Alexander’s Gay Lesbian Guesthouse

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Are you looking for an inclusive hotel? Look no further than Alexander’s Gay Lesbian Guesthouse! This gay-friendly hotel in Key West is set in a three-story, conch-style home. This guesthouse features plenty of praise-worthy amenities to ensure you have a memorable stay. Every morning guests can enjoy a poolside continental breakfast before taking a dip in the refreshing outdoor pool or hot tub. Aside from that, concierge services are also available to assist with your needs. However, our favorite is the early evening cocktail hour which serves wine, spirits, and specialty cocktails!

Additionally, all the guestrooms at this cheap hotel in Key West, FL, are big and airy! Free Wi-Fi, air conditioning, a flat-screen TV, and a bathrobe are all standards. If you’re the type that loves watching movies in the middle of the night, feel free to rent a DVD from the on-site library! Meanwhile, those who want to venture out will be thrilled to know that Duval Street, Red Barn Theater, Key West Aquarium, Dog Beach, and more are in the vicinity.

Speakeasy Inn & Rum Bar

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As the name implies, this Key West hotel is a rum bar and a bed and breakfast combined. Located on the iconic Duval Street, the Speakeasy Inn & Rum Bar is another cheap hotel in Key West, FL, that’ll blow your mind. Cozy up at the rum bar during your spare time and give the famous root juice a try! Apart from the bar, we also love the friendly staff, making your stay even more enjoyable. Plus, the yummy continental breakfast is a huge bonus!

We’re not kidding when we say each guestroom on this property is pretty! Just look at the picture below! Plus, every room boasts free Wi-Fi, a coffee maker, a refrigerator, a microwave, and a toaster. Though the room sizes vary, all of them are affordable. Not to mention, staying here means you’ll be moments away from places like Mallory Square, Sloppy Joes, and other hotspots.

Caribbean House

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As one of the best budget hotels in Key West, the Caribbean House sure doesn’t disappoint. Though on the smaller side, its brightly-colored rooms are immaculately clean! On top of that, each of them opens to a balcony. Regarding the in-room amenities, you can expect things like a flat-screen TV, air conditioning, an eye-catching bed, a small refrigerator, and a spotless bathroom. Even the cheapest accommodation, which is the King Room, is comfy!

Of course, like many other cheap hotels in Florida Key West, this hotel also offers many freebies. Guests can connect their phones to the free Wi-Fi 24/7 and park their vehicles free in the designated parking area. Though not free, the sumptuous continental breakfast is to die for! Plus, its location is hard to beat, with the Hemingway House, Mallory Square, and Duval Street only moments away. Finally, this hotel is also named one of the best pet-friendly hotels in Key West!

Authors Key West Guesthouse

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Located in the Old Town district, Authors Key West Guesthouse is tucked away near the Historic Seaport. Featuring eclectic decor and concierge services, this non-smoking hotel has everything you need and more. Those who want to beat the heat can take a refreshing dip in the outdoor swimming pool. Also, guests are invited to spend some time in the lush garden. You can enjoy the hotel’s free Wi-Fi, free parking, and complimentary breakfast when it comes to freebies.

At this cheap hotel in Key West, FL, every room is fitted with a wardrobe, flat-screen TV, air conditioning, and a spotless private bathroom complete with complimentary toiletries. If you’re okay with spending a little bit more, you can choose a room with a seating area that is perfect for larger groups. Not to mention, there are also family rooms for you and your loved ones, making this property one of the best family hotels in Key West.

Duval Gardens

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Duval Gardens is another amazing option for those looking for cheap hotels in Key West on Duval Street. At this Nantucket-style hotel, each guestroom is equipped with a hand-quilted bedspread, cozy ambiance, marble ceiling bathroom, and canopy bed, setting this hotel apart from other best budget hotels in Key West. Most of the rooms on the property can easily accommodate two people or lovers, making it one of the most romantic hotels in Key West. However, those under 16 aren’t allowed at this cheap hotel in Key West, FL.

Once you wake up, wash your face and enjoy the complimentary continental breakfast served on the veranda facing Duval Beach! After that, feel free to burn calories in the heated swimming pool. Or, you can also connect your phone to the free Wi-Fi and catch up on your favorite series. Though on-site parking is limited, we’re glad there’s free street parking nearby.

Alexander Palms Court

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Are you looking for the best cheap hotels in Key West on Duval Street? If so, you should take a look at the Alexander Palms Court. This cheap hotel in Key West, FL, only two blocks away from Duval Street and the beach, has nine guestrooms grouped around a small swimming pool and a sunbathing area. Though compact, the rooms at this hotel come complete with a flat-screen TV, air conditioning, and a private bathroom with a shower and hairdryer. Some even offer a comfy seating area!

Furthermore, continental breakfast is served every morning in the garden, which is the best way to start your day! That’s not all. Guests who can’t spend an hour without munching something will appreciate that the hotel is surrounded by plenty of eateries! Better yet, many can be reached on foot in less than 10 minutes. Apart from that, you can also take advantage of the free Wi-Fi and parking. No wonder it’s one of the best budget hotels in Key West!

Eden House

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Located in the historic Old Town, Eden House is a Key West mainstay. Featuring a complimentary cocktail hour, it’s easily considered one of the best cheap hotels in Florida Key West. Speaking of which, this non-smoking hotel is also home to the Azur Restaurant, which offers delectable Mediterranean dishes. Like some of the best budget hotels in Key West, parking and Wi-Fi are free here. Not to mention, bored guests can have fun in the pristine outdoor swimming pool or soak up the sun on the elevated sundeck.

Each guestroom at this cheap hotel in Key West, FL, is spacious and cozy. Even the smallest room is amazing. It’s fitted with a desk, a plush double bed, a private bathroom, and complimentary toiletries. The air conditioning will ensure a good night’s sleep, and a DVD player keeps you entertained. Moreover, the helpful concierge service can arrange many activities for you. Or, you can also explore the surrounding area with a rental bike!

NYAH – Adult Exclusive

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Why stay at a basic hotel when you can spend your nights at NYAH – Adult Exclusive? For those who are wondering, NYAH stands for “Not Your Average Hotel.” As one of the best budget hotels in Key West, it features 36 uniquely appointed guestrooms, which are great for groups of travelers. Living up to its name, it has a “Build Your Own Room” concept, allowing you to stay and add additional beds in the same room for free! It’s truly not your average hotel!

At this cheap hotel in Key West, FL, there’s also a daily happy hour that guests can enjoy at 4.20 PM. Other freebies include free Wi-Fi and free access to the pristine outdoor swimming pool. Or, you can unwind by taking a stroll through the garden. Aside from that, guests can also ask the tour desk for area recommendations. If it’s up to us, we highly recommend visiting Simonton Street Beach or South Beach, both near the hotel. Other must-visit attractions include the Key West Aquarium, Duval Street, and Ernest Hemingway Home and Museum.

The Perry Hotel & Marina Key West

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Only a short drive from downtown Key West, The Perry Hotel & Marina Key West is another cheap hotel in Key West, FL, that’s worth your attention. Opened in 2017, this hotel is relatively new. However, it manages to stand toe to toe with other best cheap hotels in Florida Key West. Set at the Stock Island Marina, this hotel has three on-site dockside restaurants, which is good news for food lovers! But if you’re not in the mood to dine on-site, you can explore the surrounding area’s restaurants. Apart from that, there are also numerous beaches within easy reach. Want to visit the lively Duval Street? It’s only five miles from the hotel!

Named one of the best budget hotels in Key West, guests can park their vehicles here for free. Aside from that. There’s also a complimentary shuttle service to Old Town and free Wi-Fi to help you update your socials. Not to mention, access to the outdoor swimming pools (there are two) and fitness center is also free. When it’s time to chillax, head back to your oversized room! All the hotel rooms are fitted with standard amenities like a flat-screen TV, artisanal bath products, and plush bedding. Some even come with a huge private balcony!

Old Town Manor

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Those searching for the best cheap hotels in Key West on Duval Street should look at the Old Town Manor. It’s only a block away from Duval Street and some of the city’s hotspots like Sloppy Joe’s and Margaritaville. Formerly the Eaton Lodge, this Victorian manor house is also pet-friendly, which is another reason you should spend your nights here. At this cheap hotel in Key West, FL, you’ll be able to enjoy plenty of free perks. They include a daily breakfast, pastries, organic fruit, and deserts! Apart from that, there’s also free high-speed Wi-Fi in all areas to help you stay connected.

As one of the best budget hotels in Key West, you’re guaranteed an enjoyable stay at this hotel. Each room on the property is equipped with a flat-screen TV with cable channels and a DVD player to keep you entertained. Some rooms even come with a mini-bar as well as a private balcony. Aside from the sun terrace, guests are invited to lounge in the courtyard and garden. If you want to explore the surrounding area, we highly recommend renting this Key West boutique hotel‘s bike, so you don’t have to walk.

Top Affordable Bars in Key West FL

• Smallest Bar in Key West – Quirky, cheap, and small; what’s not to like about this bar? The prices are cheaper than many other bars on the street. Plus, the bartenders are awesome!
• Don’s Place – Opened in 1998, this drinking spot features a tiki bar, a pool table, darts, and foosball. Though not fancy, the drinks are incredibly cheap. Your experience here is made more enjoyable by the bartenders.
• Willie T’s – Set on Duval Street, you’ll love drinking at this place. It’s famous for its live music, daily drink specials, and friendly service.

Top Affordable Restaurants in Key West FL

• Harpoon Harry’s – This cash-only diner offers hearty American comfort food in a bright atmosphere with quirky accents. Our favorite is its Pork Chops and Eggs, which are less than 15 USD.
• Kim’s Kuban – Looking for Cuban and Mexican dishes? Stop by this restaurant for a quick bite! The food here is extremely cheap. You must order the Picadillo Special, which is only 12.95 USD when you’re here.
• Frita’s Cuban Burger – Only steps away from Duval Street, this place offers yummy traditional Cuban and fusion sandwiches and tacos. Don’t also forget to order a glass of sangria!

Free Things To Do in Key West FL

• Higgs Beach – Not too far from Duval Street, this beach is a popular and free spot to soak in some rays and chillax. There are many free amenities, including volleyball courts, a children’s playground, and a dog park.
• Key West Wildlife Center – This small rescue and rehabilitation facility offers a nature trail. It includes a freshwater pond and two aviaries. We love how the lush vegetation attracts many migratory raptors, shorebirds, warblers, and songbirds.
• Sunset celebration at Mallory Square Dock – Don’t leave the city without seeing the nightly Sunset Celebration at Mallory Square Dock. You’ll see jugglers, tight-rope walkers, psychics, and musicians compete for your attention here.