Rent in Florida
The median 2-bedroom Fair Market Rent in Florida is $1,658/mo, ranking #15 out of 51 states for highest rent. This is $408 above the national median of $1,250/mo. Florida has a population of 21.9M. About 32.7% of households rent their homes. Fair Market Rent data covers 30 areas across the state.
Highlights
All 30 Areas in Florida
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Miami-Miami Beach-Kendall Pop. 6.1M | $1,828 | $1,995 | $2,436 | $3,127 | 39.8% | +4.8% |
| Fort Lauderdale Pop. 6.1M | $1,737 | $1,900 | $2,333 | $3,216 | 38.1% | +11% |
| West Palm Beach-Boca Raton Pop. 6.1M | $1,788 | $1,901 | $2,254 | $2,920 | 36.8% | +1.3% |
| Naples-Marco Island Pop. 388K | $1,396 | $1,797 | $1,986 | $2,581 | 27.7% | - |
| Tampa-St. Petersburg-Clearwater Pop. 3.2M | $1,593 | $1,696 | $1,977 | $2,527 | 33.3% | +6.8% |
| Orlando-Kissimmee-Sanford Pop. 2.7M | $1,650 | $1,731 | $1,972 | $2,476 | 31.3% | +6.2% |
| Cape Coral-Fort Myers Pop. 793K | $1,629 | $1,638 | $1,961 | $2,560 | 32.2% | +16.9% |
| North Port-Bradenton-Sarasota Pop. 865K | $1,418 | $1,686 | $1,958 | $2,537 | 30% | - |
| Palm Coast Pop. 690K | $1,278 | $1,433 | $1,806 | $2,468 | 32.1% | +23.3% |
| Crestview-Fort Walton Beach-Destin Pop. 294K | $1,362 | $1,581 | $1,785 | $2,448 | 27.1% | +17% |
| Port St. Lucie Pop. 507K | $1,455 | $1,467 | $1,757 | $2,421 | 29.1% | +11.7% |
| Palm Bay-Melbourne-Titusville Pop. 621K | $1,266 | $1,478 | $1,709 | $2,330 | 27% | +19.2% |
| Deltona-Daytona Beach-Ormond Beach Pop. 690K | $1,205 | $1,385 | $1,700 | $2,241 | 30.2% | +20.3% |
| Panama City Pop. 207K | $1,426 | $1,480 | $1,682 | $2,169 | 29.8% | +10.4% |
| Jacksonville Pop. 1.6M | $1,355 | $1,382 | $1,658 | $2,043 | 25.8% | +3.4% |
| Sebastian-Vero Beach-West Vero Corridor Pop. 164K | $1,214 | $1,222 | $1,604 | $1,956 | 27.1% | - |
| Lakeland-Winter Haven Pop. 761K | $1,226 | $1,230 | $1,497 | $2,023 | 28.2% | +19.8% |
| Gainesville Pop. 345K | $1,154 | $1,246 | $1,493 | $1,868 | 30.4% | +6.9% |
| Pensacola-Ferry Pass-Brent Pop. 517K | $1,112 | $1,257 | $1,471 | $1,952 | 24% | +15.1% |
| Punta Gorda Pop. 195K | $1,159 | $1,167 | $1,470 | $2,041 | 26.7% | +6.5% |
| Ocala Pop. 388K | $1,126 | $1,172 | $1,373 | $1,772 | 28.1% | +8.5% |
| Walton County Pop. 80K | $1,058 | $1,244 | $1,364 | $1,897 | 20.6% | +14.5% |
| Tallahassee Pop. 388K | $1,097 | $1,204 | $1,352 | $1,674 | 25.7% | +1% |
| Wildwood-The Villages Pop. 138K | $1,076 | $1,139 | $1,328 | $1,655 | 21.7% | - |
| Sebring Pop. 104K | $876 | $1,006 | $1,271 | $1,538 | 27.4% | +13.8% |
| Homosassa Springs Pop. 159K | $981 | $988 | $1,225 | $1,704 | 26.6% | +9.8% |
| Wakulla County Pop. 35K | $979 | $1,073 | $1,199 | $1,561 | 19.4% | +2% |
| Baker County Pop. 28K | $903 | $922 | $1,103 | $1,512 | 18.7% | +4% |
| Washington County Pop. 25K | $866 | $928 | $1,017 | $1,257 | 23.1% | - |
| Levy County Pop. 44K | $735 | $831 | $974 | $1,238 | 21.7% | +7.6% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Florida is $1,658 per month. Rents range from $974/mo in Levy County to $2,436/mo in Miami-Miami Beach-Kendall. The actual median gross rent statewide is $1,564/mo according to Census data.
Florida ranks #15 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,658/mo is $408 above the national median of $1,250/mo.
The average rent burden across Florida is 28%, meaning a typical household would spend 28% of income on a 2-bedroom at Fair Market Rent. 10 of 30 areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $71,711.
The most affordable area in Florida is Levy County with a 2-bedroom Fair Market Rent of $974/mo. The median household income there is $53,805.
The most expensive area in Florida is Miami-Miami Beach-Kendall with a 2-bedroom Fair Market Rent of $2,436/mo. The median household income there is $73,481.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.