At $1,969/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.
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 $1,969 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 Freeport is 1.6% below its high of $2,002 in March 2024, at $1,969 as of September 2026.
Rent in Freeport changed -0.5% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent rose in 4 of the last 12 months.
30% of the median household income ($91,985) is $2,300 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,020).
Panama City Beach, 25 miles away, rents for 11% less ($1,759/mo), about $2,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Freeport. 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
Freeport, FL is majority owner-occupied, has a large share of families with children, has a median income above the national average, 32.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Freeport, FL has changed in 5 years
Across the past five years, the going rent in Freeport, FL has shifted from $1,930 to $1,969, up 2.0% since 2023. On the earnings side, the typical household in Freeport, FL now reports about $91,985, up from $75,637 in 2021. 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 Freeport, FL adding about 1,211 residents over the five-year window, up 22.1% on net. The renter share has risen from 20.9% to 28.2%, with owner-occupied housing accounting for the remainder. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Freeport, FL reflects that arc in its own way.
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Can you afford rent in Freeport on your salary?
At $1,969/mo, how Freeport rent compares to typical pay (30% rule).
Freeport rent by bedroom count
Median rent for each apartment size in Freeport. Click any size for full breakdown.
Tips for renters in Freeport
Last updated: October 17, 2026
The median rent in Freeport is $1,969/mo as of October 2026. A studio apartment averages $940/mo while a 2-bedroom runs $1,200/mo. One-bedroom apartments average $1,080/mo and 3-bedroom units go for $1,680/mo.
At 26% of local median household income ($91,985/yr), Freeport ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.
Frequently asked questions
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Is rent going up or down in Freeport?
How does Freeport rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Freeport?
At $1,969/mo, rent takes ~26% of Freeport's median household income ($91,985/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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