Rents are 3% below what Callaway'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 $1,907 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
Rent in Callaway is 0.1% below its high of $1,909 in June 2026, at $1,907 as of September 2026.
Rent in Callaway changed +1.5% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($65,609) is $1,640 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,488).
Springfield, 2 miles away, rents for 29% less ($1,362/mo), about $6,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Callaway. 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
Callaway, FL is majority owner-occupied, has a median income below the national average, 24.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Callaway, FL has changed in 5 years
Five years ago, renters in Callaway, FL paid around $1,699 a month. That figure now sits near $1,907, up 12.2% from the 2022 baseline. Median household income climbed from $55,543 to $65,609 between 2021 and 2024, a 18.1% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Callaway, FL losing about 160 residents over the five-year window, down 1.2% on net. The renter share has risen from 38.7% to 41.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 14.9% to 24.6% across the same window. Taken together, the five-year picture in Callaway, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Callaway on your salary?
At $1,907/mo, how Callaway rent compares to typical pay (30% rule).
Callaway rent by bedroom count
Median rent for each apartment size in Callaway. Click any size for full breakdown.
Tips for renters in Callaway
Last updated: October 17, 2026
The median rent in Callaway is $1,907/mo as of October 2026. A studio apartment averages $1,116/mo while a 2-bedroom runs $1,319/mo. One-bedroom apartments average $1,207/mo and 3-bedroom units go for $1,947/mo.
At 35% of local median household income ($65,609/yr), Callaway ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.
Frequently asked questions
How much income do you need to rent in Callaway?
Is rent going up or down in Callaway?
How does Callaway rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Callaway?
At $1,907/mo, rent takes ~35% of Callaway's median household income ($65,609/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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