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City Report · FL

Dunnellon

Pop. 2,216·239th most expensive in Florida·Dunnellon rents are up 5.5% over the past year
Median rent (all units)
$1,796/mo
Year-over-Year
+5.5%
Month-over-Month
-1.2%
vs US Median
-$166
Falling (Monthly)
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Most AffordableMost Expensive
Dunnellon · $1,796
More affordable than 54% of US cities · National median $1,962/mo
Affordability
53% of income
EXPENSIVE
0%30% benchmark60%+

At $1,796/mo, rent takes about 53% of the local median household income, well above the 30% benchmark.

Income to afford
$72,000/yr
Local median income
$40,545/yr
Based on the 30%-of-income rule using Dunnellon's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,063
1 BR
$1,090
2 BR
$1,357
3 BR
$1,853
4 BR+
$2,160
Fair Market Rent (HUD)
$1,357/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,796 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
$21,552/yr
At $1,796/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.5% YoY, -1.2% MoM), not inventory.
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Demographics

Who lives here

Dunnellon, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 11.6% of residents hold a bachelor's degree or higher.

Population
2,216
Median income
$40,545
Median age
60.7
Renters
24.4%
Age distribution
14.3%
27%
37.1%
Under 1810.1%
18–3411.5%
35–5414.3%
55–6427%
65+37.1%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
82.9%
White82.9%
Black4.3%
Hispanic4.7%
Asian0.9%
Other7.2%
Education (25+)
32.1%
46.3%
No HS diploma10.1%
HS diploma32.1%
Some college46.3%
Bachelor's+11.6%
Housing tenure
75.6%
24.4%
Owner75.6%
Renter24.4%

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

2023 vs 2026

How Dunnellon, FL has changed in 5 years

Rent
$1,730 → $1,796
up 3.8%
Income
$34,348 → $40,545
up 18.0%
Population
2,262 → 2,216
down 2.0%
Renter share
29% → 24.4%
-4.6 pts
Bachelor's+
20.1% → 11.6%
-8.5 pts

Rent in Dunnellon, FL has increased 3.8% since 2023, going from about $1,730 per month to roughly $1,796 today. On the earnings side, the typical household in Dunnellon, FL now reports about $40,545, up from $34,348 in 2021. Income growth outran rent by about 14.2 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 2,262 to 2,216 between 2021 and 2024, a 2.0% change. About 24.4% of households rent today, against 29% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 20.1% to 11.6%. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Dunnellon, FL reflects that arc in its own way.

Community

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

Can you afford rent in Dunnellon on your salary?

At $1,796/mo, how Dunnellon rent compares to typical pay (30% rule).

By apartment size

Dunnellon rent by bedroom count

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

Local insights

Tips for renters in Dunnellon

About renting in Dunnellon, FL

Last updated: August 17, 2026

The median rent in Dunnellon is $1,796/mo as of August 2026. A studio apartment averages $1,063/mo while a 2-bedroom runs $1,357/mo. One-bedroom apartments average $1,090/mo and 3-bedroom units go for $1,853/mo.

At 53% of local median household income ($40,545/yr), Dunnellon ranks as expensive compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.

FAQ

Frequently asked questions

Is Dunnellon an affordable city for renters?

Dunnellon is considered expensive for renters. At $1,796/mo, rent takes approximately 53% of the local median household income ($40,545/yr). The standard benchmark is 30%. Dunnellon significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Dunnellon?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,796/mo in Dunnellon. The local median household income is $40,545/yr, meaning the typical Dunnellon household falls short of that threshold.

Is rent going up or down in Dunnellon?

Rent in Dunnellon has increased 5.5% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Dunnellon neighborhoods have the lowest rent?

The most affordable ZIP codes in Dunnellon are 34434 ($1,742/mo), 34433 ($1,851/mo), and 34432 ($2,295/mo). Citywide, the median rent in Dunnellon is $1,796/mo.

How does Dunnellon rent compare to other cities in Florida?

Dunnellon is one of the more affordable cities in Florida for rent, ranking #239 out of 291 tracked cities at $1,796/mo.

Which nearby cities are cheaper to rent in than Dunnellon?

Several nearby cities have lower median rents than Dunnellon ($1,796/mo): Inverness ($1,580/mo), Lecanto ($1,700/mo), Homosassa ($1,732/mo).

What percentage of Dunnellon residents rent vs. own?

According to Census data, approximately 24.4% of Dunnellon households are renters, while 75.6% are owner-occupied. Dunnellon leans toward homeownership, which can mean a smaller rental inventory.

How does Dunnellon rent compare to the national average?

Dunnellon's median rent of $1,796/mo is $166 (8%) below the US national median of $1,962/mo. Within Florida, it ranks #239 out of 291 tracked cities.
Income Affordability
53%
EXPENSIVE

At $1,796/mo, rent takes ~53% of Dunnellon's median household income ($40,545/yr). The standard benchmark is 30%.

Dunnellon 53%Benchmark 30%
State income taxNone
Run the Dunnellon affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Dunnellon, FL

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