RentDataNowRentDataNow
City Report · FL

Cutler Bay

Pop. 45,070·36th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$2,855/mo
Year-over-Year
+0.6%
Month-over-Month
+3.9%
vs US Median
+$893
Rising (Monthly)
Be the first to discuss Cutler Bay rents ↓
Most AffordableMost Expensive
Cutler Bay · $2,855
More expensive than 88% of US cities · National median $1,962/mo
Rent Reality Score
64/100
Good value
OverheatedFairGreat value

Rents are 7% below what Cutler Bay's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,855/mo
Expected by trend
$3,066/mo
The Rent Reality Score compares today's median rent to where Cutler Bay's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,660
1 BR
$1,840
2 BR
$2,260
3 BR
$2,920
4 BR+
$3,420
Fair Market Rent (HUD)
$2,260/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,855 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
$34,260/yr
At $2,855/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.6% YoY, +3.9% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Cutler Bay, FL is majority owner-occupied, 34% of residents hold a bachelor's degree or higher.

Population
45,070
Median income
$89,244
Median age
41.8
Renters
30.3%
Age distribution
22.4%
18.2%
29.7%
12.7%
16.9%
Under 1822.4%
18–3418.2%
35–5429.7%
55–6412.7%
65+16.9%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
34.9%
64%
White34.9%
Black9.4%
Hispanic64%
Asian1.6%
Education (25+)
12.2%
26.1%
27.8%
34%
No HS diploma12.2%
HS diploma26.1%
Some college27.8%
Bachelor's+34%
Housing tenure
69.7%
30.3%
Owner69.7%
Renter30.3%

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

2021 vs 2026

How Cutler Bay, FL has changed in 5 years

Rent
$1,956 → $2,855
up 46.0%
Income
$73,075 → $89,244
up 22.1%
Population
44,865 → 45,070
up 0.5%
Renter share
34.5% → 30.3%
-4.2 pts
Bachelor's+
31.6% → 34%
+2.4 pts
Median age
39.5 → 41.8
+2.3 yrs

The median rent in Cutler Bay, FL stood at $1,956 in 2021 and currently runs about $2,855, reflecting a 46.0% increase over the period. Census figures show median household income at $89,244 today, compared with $73,075 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 30.3% of households, compared with 34.5% five years ago. College-educated residents now make up 34% of adults here, versus 31.6% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Cutler Bay

No discussions yet. Start the conversation.

View Cutler Bay rent history (2015–2026) →
Salary vs rent

Can you afford rent in Cutler Bay on your salary?

At $2,855/mo, how Cutler Bay rent compares to typical pay (30% rule).

By apartment size

Cutler Bay rent by bedroom count

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

Local insights

Tips for renters in Cutler Bay

About renting in Cutler Bay, FL

Last updated: August 17, 2026

The median rent in Cutler Bay is $2,855/mo as of August 2026. A studio apartment averages $1,660/mo while a 2-bedroom runs $2,260/mo. One-bedroom apartments average $1,840/mo and 3-bedroom units go for $2,920/mo.

At 38% of local median household income ($89,244/yr), Cutler Bay ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.6% over the past year.

FAQ

Frequently asked questions

Is Cutler Bay an affordable city for renters?

Cutler Bay is considered moderate for renters. At $2,855/mo, rent takes approximately 38% of the local median household income ($89,244/yr). The standard benchmark is 30%. Cutler Bay slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Cutler Bay?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (~$55/hour full-time) to afford the median rent of $2,855/mo in Cutler Bay. The local median household income is $89,244/yr, meaning the typical Cutler Bay household falls short of that threshold.

Is rent going up or down in Cutler Bay?

Rent in Cutler Bay has increased 0.6% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Cutler Bay neighborhoods have the lowest rent?

The most affordable ZIP codes in Cutler Bay are 33189 ($2,715/mo), and 33190 ($2,824/mo). Citywide, the median rent in Cutler Bay is $2,855/mo.

How does Cutler Bay rent compare to other cities in Florida?

Cutler Bay is one of the pricier cities in Florida for rent, ranking #36 out of 291 tracked cities at $2,855/mo.

Which nearby cities are cheaper to rent in than Cutler Bay?

Several nearby cities have lower median rents than Cutler Bay ($2,855/mo): Homestead ($2,454/mo), The Hammocks ($2,497/mo), The Crossings ($2,623/mo).

What percentage of Cutler Bay residents rent vs. own?

According to Census data, approximately 30.3% of Cutler Bay households are renters, while 69.7% are owner-occupied. Cutler Bay leans toward homeownership, which can mean a smaller rental inventory.

How does Cutler Bay rent compare to the national average?

Cutler Bay's median rent of $2,855/mo is $893 (46%) above the US national median of $1,962/mo. Within Florida, it ranks #36 out of 291 tracked cities.
Income Affordability
38%
MODERATE

At $2,855/mo, rent takes ~38% of Cutler Bay's median household income ($89,244/yr). The standard benchmark is 30%.

Cutler Bay 38%Benchmark 30%
State income taxNone
Run the Cutler Bay affordability calculator →
Lowest-rent ZIP codes in Cutler Bay
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Cutler Bay, FL

Recent submissions

Be the first to submit your rent for Cutler Bay.

Recent discussions

No discussions yet.

Add RentDataNow as a preferred source on Google