How much does it cost to rent in Callaway, FL?

As of August 2026, the median monthly rent in Callaway, FL is $1,861. This figure is based on aggregated data from public sources and community-submitted rents.

Is Callaway cheaper than other Florida cities?

Callaway is among the more affordable cities in Florida, ranking #225 out of 291 cities at $1,861/mo.

When was Callaway rent data last updated?

Callaway rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Callaway, FL?

HUD sets the Fair Market Rent for a two-bedroom home in Callaway, FL at $1,319 per month, which is 29% below the $1,861 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · FL

Callaway

Name: Average Rent Prices in Callaway, FL
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 13,496·225th most expensive in Florida·Rental market data updated monthly for Callaway, FL

Median rent (all units)

$1,861/mo

Year-over-Year

-1.9%

Month-over-Month

+5.8%

vs US Median

-$101

Rising (Monthly)

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Most AffordableMost Expensive

Callaway · $1,861

More expensive than 50% of US cities · National median $1,962/mo

Rent Reality Score

57/100

Fairly priced

OverheatedFairGreat value

Rents are 3% below what Callaway's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,861/mo

Expected by trend

$1,926/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,116

1 BR

$1,207

2 BR

$1,319

3 BR

$1,947

4 BR+

$1,488

Fair Market Rent (HUD)

$1,319/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,861 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$22,332/yr

At $1,861/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 1.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (-1.9% YoY, +5.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

13,496

Median income

$65,609

Median age

35.2

Renters

41.3%

Age distribution

23.8%

25.8%

23.2%

15.3%

Under 1823.8%

18–3425.8%

35–5423.2%

55–6415.3%

65+11.9%

Gender

52.9%

47.1%

Male52.9%

Female47.1%

Race & ethnicity

59.2%

20.5%

13.7%

White59.2%

Black20.5%

Hispanic13.7%

Asian4.3%

Other2.3%

Education (25+)

12.3%

27.7%

35.4%

24.6%

No HS diploma12.3%

HS diploma27.7%

Some college35.4%

Bachelor's+24.6%

Housing tenure

58.7%

41.3%

Owner58.7%

Renter41.3%

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

2022 vs 2026

How Callaway, FL has changed in 5 years

Rent

$1,563 → $1,861

up 19.1%

Income

$55,543 → $65,609

up 18.1%

Population

13,656 → 13,496

down 1.2%

Renter share

38.7% → 41.3%

+2.6 pts

Bachelor's+

14.9% → 24.6%

+9.7 pts

Median age

40.4 → 35.2

-5.2 yrs

Five years ago, renters in Callaway, FL paid around $1,563 a month. That figure now sits near $1,861, up 19.1% from the 2022 baseline. Median household income climbed from $55,543 to $65,609 between 2021 and 2024, a 18.1% shift. 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.

Community

Discussions about Callaway

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View Callaway rent history (2015–2026) →

Salary vs rent

Can you afford rent in Callaway on your salary?

At $1,861/mo, how Callaway rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 25.4% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 35.8% income

stretched

Police Officer

Avg $71,861/yr · Rent = 31.1% income

stretched

Software Developer

Avg $128,442/yr · Rent = 17.4% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 13.6% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 38.2% income

stretched

Truck Driver

Avg $52,740/yr · Rent = 42.3% income

rent-burdened

Electrician

Avg $65,007/yr · Rent = 34.4% income

stretched

By apartment size

Callaway rent by bedroom count

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

Local insights

Tips for renters in Callaway

About renting in Callaway, FL

Last updated: August 17, 2026

The median rent in Callaway is $1,861/mo as of August 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 34% of local median household income ($65,609/yr), Callaway ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

Is Callaway an affordable city for renters?

Callaway is considered moderate for renters. At $1,861/mo, rent takes approximately 34% of the local median household income ($65,609/yr). The standard benchmark is 30%. Callaway slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Callaway?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,861/mo in Callaway. The local median household income is $65,609/yr, meaning the typical Callaway household falls short of that threshold.

Is rent going up or down in Callaway?

Rent in Callaway has decreased 1.9% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Callaway rent compare to other cities in Florida?

Callaway is one of the more affordable cities in Florida for rent, ranking #225 out of 291 tracked cities at $1,861/mo.

Which nearby cities are cheaper to rent in than Callaway?

Several nearby cities have lower median rents than Callaway ($1,861/mo): Springfield ($1,320/mo), Panama City Beach ($1,704/mo), Panama City ($1,744/mo).

What percentage of Callaway residents rent vs. own?

According to Census data, approximately 41.3% of Callaway households are renters, while 58.7% are owner-occupied. Callaway leans toward homeownership, which can mean a smaller rental inventory.

How does Callaway rent compare to the national average?

Callaway's median rent of $1,861/mo is $101 (5%) below the US national median of $1,962/mo. Within Florida, it ranks #225 out of 291 tracked cities.

Income Affordability

34%

MODERATE

At $1,861/mo, rent takes ~34% of Callaway's median household income ($65,609/yr). The standard benchmark is 30%.

Callaway 34%Benchmark 30%

State income taxNone

Run the Callaway affordability calculator →

Nearby cities