City Report · FL

Clearwater

Pop. 117,247·205th most expensive in Florida·Rental market data updated monthly for Clearwater, FL
Median rent (all units)
$1,939/mo
Year-over-Year
-2.6%
Month-over-Month
-1.2%
vs US Median
-$23
Falling (Monthly)
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Most AffordableMost Expensive
Clearwater · $1,939
More expensive than 55% of US cities · National median $1,962/mo
Rent Reality Score
85/100
Great value
OverheatedFairGreat value

Rents are 17% below what Clearwater's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,939/mo
Expected by trend
$2,347/mo
The Rent Reality Score compares today's median rent to where Clearwater's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,697
1 BR
$1,827
2 BR
$2,144
3 BR
$2,746
4 BR+
$3,342
Fair Market Rent (HUD)
$2,144/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,939 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

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Last updated: August 17, 2026

Annual cost
$23,268/yr
At $1,939/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 2.6% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-2.6% YoY, -1.2% MoM), not inventory.
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Demographics

Who lives here

Clearwater, FL is majority owner-occupied, has a large retiree population, 32.6% of residents hold a bachelor's degree or higher.

Population
117,247
Median income
$66,381
Median age
46.6
Renters
41.4%
Age distribution
16.9%
19.7%
24.4%
15%
24.1%
Under 1816.9%
18–3419.7%
35–5424.4%
55–6415%
65+24.1%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
68.4%
17.1%
White68.4%
Black10.7%
Hispanic17.1%
Asian2.8%
Other1.1%
Education (25+)
30.1%
28.2%
32.6%
No HS diploma9.1%
HS diploma30.1%
Some college28.2%
Bachelor's+32.6%
Housing tenure
58.6%
41.4%
Owner58.6%
Renter41.4%

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

2021 vs 2026

How Clearwater, FL has changed in 5 years

Rent
$1,449 → $1,939
up 33.8%
Income
$54,182 → $66,381
up 22.5%
Population
116,616 → 117,247
up 0.5%
Renter share
41.8% → 41.4%
-0.4 pts
Bachelor's+
32.1% → 32.6%
+0.5 pts
Median age
45.8 → 46.6
+0.8 yrs

Five years ago, renters in Clearwater, FL paid around $1,449 a month. That figure now sits near $1,939, up 33.8% from the 2021 baseline. Census figures show median household income at $66,381 today, compared with $54,182 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Clearwater rent history (2015–2026) →
Salary vs rent

Can you afford rent in Clearwater on your salary?

At $1,939/mo, how Clearwater rent compares to typical pay (30% rule).

By apartment size

Clearwater rent by bedroom count

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

Local insights

Tips for renters in Clearwater

About renting in Clearwater, FL

Last updated: August 17, 2026

The median rent in Clearwater is $1,939/mo as of August 2026. A studio apartment averages $1,697/mo while a 2-bedroom runs $2,144/mo. One-bedroom apartments average $1,827/mo and 3-bedroom units go for $2,746/mo.

At 35% of local median household income ($66,381/yr), Clearwater ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.6% over the past year.

FAQ

Frequently asked questions

Is Clearwater an affordable city for renters?

Clearwater is considered moderate for renters. At $1,939/mo, rent takes approximately 35% of the local median household income ($66,381/yr). The standard benchmark is 30%. Clearwater slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Clearwater?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,939/mo in Clearwater. The local median household income is $66,381/yr, meaning the typical Clearwater household falls short of that threshold.

Is rent going up or down in Clearwater?

Rent in Clearwater has decreased 2.6% over the past year as of August 2026, offering some relief compared to 12 months ago.

Which Clearwater neighborhoods have the lowest rent?

The most affordable ZIP codes in Clearwater are 33765 ($1,615/mo), 33761 ($1,772/mo), and 33756 ($1,789/mo). Citywide, the median rent in Clearwater is $1,939/mo.

How does Clearwater rent compare to other cities in Florida?

Clearwater is one of the more affordable cities in Florida for rent, ranking #205 out of 291 tracked cities at $1,939/mo.

Which nearby cities are cheaper to rent in than Clearwater?

Several nearby cities have lower median rents than Clearwater ($1,939/mo): South Highpoint ($1,758/mo), Largo ($1,826/mo), Oldsmar ($1,882/mo).

What percentage of Clearwater residents rent vs. own?

According to Census data, approximately 41.4% of Clearwater households are renters, while 58.6% are owner-occupied. Clearwater leans toward homeownership, which can mean a smaller rental inventory.

How does Clearwater rent compare to the national average?

Clearwater's median rent of $1,939/mo is $23 (1%) below the US national median of $1,962/mo. Within Florida, it ranks #205 out of 291 tracked cities.
Income Affordability
35%
MODERATE

At $1,939/mo, rent takes ~35% of Clearwater's median household income ($66,381/yr). The standard benchmark is 30%.

Clearwater 35%Benchmark 30%
State income taxNone
Run the Clearwater affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Clearwater, FL

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