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City Report · FL

Freeport

Pop. 6,689·226th most expensive in Florida·Freeport rents have dropped 6.1%, currently a renter's market
Median rent (all units)
$1,842/mo
Year-over-Year
-6.1%
Month-over-Month
-7.1%
vs US Median
-$123
Falling (Monthly)
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Most AffordableMost Expensive
Freeport · $1,842
More affordable than 51% of US cities · National median $1,965/mo
Affordability
24% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,842/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$74,000/yr
Local median income
$91,985/yr
Based on the 30%-of-income rule using Freeport's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$940
1 BR
$1,080
2 BR
$1,200
3 BR
$1,680
4 BR+
$2,020
Research median
$1,200/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,104/yr
At $1,842/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.1% YoY, -7.1% MoM), not inventory.
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Demographics

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.

Population
6,689
Median income
$91,985
Median age
36.9
Renters
28.2%
Age distribution
28.2%
17.9%
29.1%
12.6%
12.3%
Under 1828.2%
18–3417.9%
35–5429.1%
55–6412.6%
65+12.3%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
79.2%
17.1%
White79.2%
Black1.4%
Hispanic17.1%
Asian0.7%
Other1.6%
Education (25+)
22.6%
38%
32.7%
No HS diploma6.7%
HS diploma22.6%
Some college38%
Bachelor's+32.7%
Housing tenure
71.8%
28.2%
Owner71.8%
Renter28.2%

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

2023 vs 2026

How Freeport, FL has changed in 5 years

Rent
$2,023 → $1,842
down 8.9%
Income
$75,637 → $91,985
up 21.6%
Population
5,478 → 6,689
up 22.1%
Renter share
20.9% → 28.2%
+7.3 pts
Bachelor's+
33% → 32.7%
-0.3 pts
Median age
41.4 → 36.9
-4.5 yrs

Across the past five years, the going rent in Freeport, FL has shifted from $2,023 to $1,842, down 8.9% 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.

Community

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

Can you afford rent in Freeport on your salary?

At $1,842/mo, how Freeport rent compares to typical pay (30% rule).

By apartment size

Freeport rent by bedroom count

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

Local insights

Tips for renters in Freeport

About renting in Freeport, FL

Last updated: July 20, 2026

The median rent in Freeport is $1,842/mo as of July 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 24% of local median household income ($91,985/yr), Freeport ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.1% over the past year.

FAQ

Frequently asked questions

Is Freeport an affordable city for renters?

Freeport is considered very affordable for renters. At $1,842/mo, rent takes approximately 24% of the local median household income ($91,985/yr). The standard benchmark is 30%. Freeport falls comfortably within that range.

How much income do you need to rent in Freeport?

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 $1,842/mo in Freeport. The local median household income is $91,985/yr, meaning the typical Freeport household meets that threshold.

Is rent going up or down in Freeport?

Rent in Freeport has decreased 6.1% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Freeport rent compare to other cities in Florida?

Freeport is one of the more affordable cities in Florida for rent, ranking #226 out of 288 tracked cities at $1,842/mo.

What percentage of Freeport residents rent vs. own?

According to Census data, approximately 28.2% of Freeport households are renters, while 71.8% are owner-occupied. Freeport leans toward homeownership, which can mean a smaller rental inventory.

How does Freeport rent compare to the national average?

Freeport's median rent of $1,842/mo is $123 (6%) below the US national median of $1,965/mo. Within Florida, it ranks #226 out of 288 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,842/mo, rent takes ~24% of Freeport's median household income ($91,985/yr). The standard benchmark is 30%.

Freeport 24%Benchmark 30%
State income taxNone
Run the Freeport affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Freeport, FL

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