How much does it cost to rent in Boca Raton, FL?

As of July 2026, the median monthly rent in Boca Raton, FL is $2,940. This figure is based on aggregated data from public sources and community-submitted rents.

Is Boca Raton cheaper than other Florida cities?

Boca Raton is one of the pricier cities in Florida, ranking #32 out of 288 cities tracked at $2,940/mo.

When was Boca Raton rent data last updated?

Boca Raton rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Boca Raton

Name: Average Rent Prices in Boca Raton, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 100,234·32nd most expensive in Florida·One of the pricier rental markets in the US

Median rent (all units)

$2,940/mo

Year-over-Year

+2.6%

Month-over-Month

-0.5%

vs US Median

+$975

Falling (Monthly)

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Most AffordableMost Expensive

Boca Raton · $2,940

More expensive than 90% of US cities · National median $1,965/mo

Rent Reality Score

70/100

Good value

OverheatedFairGreat value

Rents are 10% below what Boca Raton's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,940/mo

Expected by trend

$3,272/mo

The Rent Reality Score compares today's median rent to where Boca Raton's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$2,051

1 BR

$2,291

2 BR

$2,738

3 BR

$3,576

4 BR+

$4,274

Research median

$2,738/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$35,280/yr

At $2,940/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+2.6% YoY, -0.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Boca Raton, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 61.8% of residents hold a bachelor's degree or higher.

Population

100,234

Median income

$106,273

Median age

Renters

34.3%

Age distribution

16.2%

22.2%

22.6%

14.4%

24.6%

Under 1816.2%

18–3422.2%

35–5422.6%

55–6414.4%

65+24.6%

Gender

46.8%

53.2%

Male46.8%

Female53.2%

Race & ethnicity

74.7%

15.7%

White74.7%

Black5.6%

Hispanic15.7%

Asian2.8%

Other1.2%

Education (25+)

12.2%

22.1%

61.8%

No HS diploma3.8%

HS diploma12.2%

Some college22.1%

Bachelor's+61.8%

Housing tenure

65.7%

34.3%

Owner65.7%

Renter34.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Boca Raton, FL has changed in 5 years

Rent

$2,114 → $2,940

up 39.1%

Income

$89,776 → $106,273

up 18.4%

Population

95,347 → 100,234

up 5.1%

Renter share

32.1% → 34.3%

+2.2 pts

Bachelor's+

58.3% → 61.8%

+3.5 pts

Median age

47.4 → 46

-1.4 yrs

Rent in Boca Raton, FL has increased 39.1% since 2021, going from about $2,114 per month to roughly $2,940 today. Household income in the area moved from $89,776 to $106,273 across the same window, up 18.4% versus 2021. Rent outpaced income growth by roughly 20.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 95,347 to 100,234 between 2021 and 2024, a 5.1% change. About 34.3% of households rent today, against 32.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 58.3% to 61.8%. Reading these numbers side by side helps frame whether current listings in Boca Raton, FL look reasonable against where the market sat half a decade ago.

Community

Discussions about Boca Raton

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View Boca Raton rent history (2015–2026) →

Salary vs rent

Can you afford rent in Boca Raton on your salary?

At $2,940/mo, how Boca Raton rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 40.2% income

rent-burdened

Elementary School Teacher

Avg $62,384/yr · Rent = 56.6% income

severely rent-burdened

Police Officer

Avg $71,861/yr · Rent = 49.1% income

rent-burdened

Software Developer

Avg $128,442/yr · Rent = 27.5% income

affordable

Lawyer

Avg $164,117/yr · Rent = 21.5% income

affordable

Firefighter

Avg $58,413/yr · Rent = 60.4% income

severely rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 66.9% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 54.3% income

severely rent-burdened

By apartment size

Boca Raton rent by bedroom count

Median rent for each apartment size in Boca Raton. Click any size for full breakdown.

Local insights

Tips for renters in Boca Raton

About renting in Boca Raton, FL

Last updated: July 20, 2026

The median rent in Boca Raton is $2,940/mo as of July 2026. A studio apartment averages $2,051/mo while a 2-bedroom runs $2,738/mo. One-bedroom apartments average $2,291/mo and 3-bedroom units go for $3,576/mo.

At 33% of local median household income ($106,273/yr), Boca Raton ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.

FAQ

Frequently asked questions

Is Boca Raton an affordable city for renters?

Boca Raton is considered moderate for renters. At $2,940/mo, rent takes approximately 33% of the local median household income ($106,273/yr). The standard benchmark is 30%. Boca Raton slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Boca Raton?

To keep rent at or below 30% of gross income, you would need to earn at least $118,000/year (~$57/hour full-time) to afford the median rent of $2,940/mo in Boca Raton. The local median household income is $106,273/yr, meaning the typical Boca Raton household falls short of that threshold.

Is rent going up or down in Boca Raton?

Rent in Boca Raton has increased 2.6% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Boca Raton neighborhoods have the lowest rent?

The most affordable ZIP codes in Boca Raton are 33486 ($2,588/mo), 33433 ($2,636/mo), and 33428 ($2,736/mo). Citywide, the median rent in Boca Raton is $2,940/mo.

How does Boca Raton rent compare to other cities in Florida?

Boca Raton is one of the pricier cities in Florida for rent, ranking #32 out of 288 tracked cities at $2,940/mo.

Which nearby cities are cheaper to rent in than Boca Raton?

Several nearby cities have lower median rents than Boca Raton ($2,940/mo): Coconut Creek ($2,329/mo), Deerfield Beach ($2,440/mo), Delray Beach ($2,788/mo).

What percentage of Boca Raton residents rent vs. own?

According to Census data, approximately 34.3% of Boca Raton households are renters, while 65.7% are owner-occupied. Boca Raton leans toward homeownership, which can mean a smaller rental inventory.

How does Boca Raton rent compare to the national average?

Boca Raton's median rent of $2,940/mo is $975 (50%) above the US national median of $1,965/mo. Within Florida, it ranks #32 out of 288 tracked cities.

Income Affordability

33%

MODERATE

At $2,940/mo, rent takes ~33% of Boca Raton's median household income ($106,273/yr). The standard benchmark is 30%.

Boca Raton 33%Benchmark 30%

State income taxNone

Run the Boca Raton affordability calculator →

Nearby cities