Rents are 10% below what Boca Raton's 10-year trend predicts — a better deal than its own history suggests.
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 $2,967 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: October 17, 2026
What the numbers show
May. Asking rents in Boca Raton usually run 0.5% below trend in May and 0.6% above it in November, about $33 a month apart at today's median. Based on 11 years of data.
Rent in Boca Raton is at its highest level since Zillow's records here began in January 2015.
Rent in Boca Raton changed +3.2% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in Boca Raton rose 52.9% while median household income rose 27.9% ($83,114 to $106,273). Rent outpaced income.
Rent in Boca Raton is 53.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 12 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($106,273) is $2,657 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,291); a 2-bedroom is $2,738.
The priciest of 9 ZIP codes in Boca Raton, 33498 ($4,983/mo), costs 2.1 times the cheapest, 33434 ($2,417/mo).
Deerfield Beach, 5 miles away, rents for 19% less ($2,418/mo), about $6,600 a year in savings.
From Zillow's monthly rent index (ZORI) for Boca Raton. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Boca Raton, FL has changed in 5 years
Rent in Boca Raton, FL has increased 38.6% since 2021, going from about $2,140 per month to roughly $2,967 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 20.2 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.
Discussions about Boca Raton
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Can you afford rent in Boca Raton on your salary?
At $2,967/mo, how Boca Raton rent compares to typical pay (30% rule).
Boca Raton rent by bedroom count
Median rent for each apartment size in Boca Raton. Click any size for full breakdown.
Tips for renters in Boca Raton
Last updated: October 17, 2026
The median rent in Boca Raton is $2,967/mo as of October 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 34% of local median household income ($106,273/yr), Boca Raton ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Boca Raton?
At $2,967/mo, rent takes ~34% of Boca Raton's median household income ($106,273/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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