At $2,716/mo, rent takes about 43% of the local median household income, well above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,716 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
Is your rent fair?
Compare your rent to the local median.
Who lives here
Paramount, CA is majority renter-occupied, has a large share of families with children, 14.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Paramount, CA has changed in 5 years
Local incomes tracked alongside that move, going from a median of $60,456 in 2021 to $75,250 more recently. Census counts show Paramount, CA losing about 1,854 residents over the five-year window, down 3.4% on net. Bachelor's-degree-or-higher attainment moved from 11.6% to 14.9% across the same window.
Discussions about Paramount
No discussions yet. Start the conversation.
Can you afford rent in Paramount on your salary?
At $2,716/mo, how Paramount rent compares to typical pay (30% rule).
Paramount rent by bedroom count
Median rent for each apartment size in Paramount. Click any size for full breakdown.
Tips for renters in Paramount
Last updated: August 17, 2026
The median rent in Paramount is $2,716/mo as of August 2026. A studio apartment averages $1,630/mo while a 2-bedroom runs $2,300/mo. One-bedroom apartments average $1,820/mo and 3-bedroom units go for $2,940/mo.
At 43% of local median household income ($75,250/yr), Paramount ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.8% over the past year.
Frequently asked questions
Is Paramount an affordable city for renters?
How much income do you need to rent in Paramount?
Is rent going up or down in Paramount?
How does Paramount rent compare to other cities in California?
Which nearby cities are cheaper to rent in than Paramount?
What percentage of Paramount residents rent vs. own?
How does Paramount rent compare to the national average?
At $2,716/mo, rent takes ~43% of Paramount's median household income ($75,250/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Paramount.
No discussions yet.
