Stock Island Apartments — Resident Reviews, Pros & Cons
Stock Island, Stock Island, FL · What renters actually say about living here, distilled from public reviews. Updated Jul 2026.
Address
5501 3rd Ave, Key West, FL 33040
Floor plans
1-3 BR
Advertised rents
Income-restricted (HUD / Florida Housing Finance Corporation subsidized) (as of 2026-07, per public listings)
Year built
1995
Pet friendly
No
What residents like
- ✓One of the only multifamily apartment communities located genuinely within the Stock Island CDP boundary, rather than nearby Key West
- ✓Deeply affordable relative to the rest of the Keys thanks to HUD and Florida Housing Finance Corporation subsidies
- ✓Sizable property (130 units) for a small community, offering more availability than typical small-town options
Common complaints
- ✕Income-restricted, so most renters must qualify under HUD/area median income limits — not an option for market-rate renters
- ✕Waiting lists are typical for subsidized housing in the highly cost-burdened Keys rental market
- ✕Little published information on unit condition, finishes, or community amenities
Our take
Stock Island Apartments is a 130-unit income-restricted rental community built in 1995 and funded through HUD and the Florida Housing Finance Corporation. It's a rare source of deeply affordable housing on Stock Island, a part of the Lower Keys where market-rate rents are among the highest in Florida.
About these pros & cons
How we build these pages: we read publicly available resident reviews (Google, ApartmentRatings, Yelp, Reddit and similar) for each community and summarize the recurring themes in our own words. We don't copy review text, we don't display star ratings we didn't compute, and no complex has paid to appear or to have anything removed. Cons reflect what residents report — experiences vary. Rent ranges come from public listings and change often; always confirm current pricing, fees and policies with the property directly.