Rents are 10% below what Hollywood's 10-year trend predicts — a better deal than its own history suggests.
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 $2,341 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: August 17, 2026
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Who lives here
Hollywood, FL is majority owner-occupied, 33.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hollywood, FL has changed in 5 years
Rent in Hollywood, FL has increased 45.4% since 2021, going from about $1,610 per month to roughly $2,341 today. Census figures show median household income at $67,203 today, compared with $56,912 five years earlier. Rent outpaced income growth by roughly 27.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 152,597 to 155,082 between 2021 and 2024, a 1.6% change. About 41.1% of households rent today, against 43.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 29.9% to 33.8%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Can you afford rent in Hollywood on your salary?
At $2,341/mo, how Hollywood rent compares to typical pay (30% rule).
Hollywood rent by bedroom count
Median rent for each apartment size in Hollywood. Click any size for full breakdown.
Tips for renters in Hollywood
Last updated: August 17, 2026
The median rent in Hollywood is $2,341/mo as of August 2026. A studio apartment averages $1,820/mo while a 2-bedroom runs $2,457/mo. One-bedroom apartments average $1,983/mo and 3-bedroom units go for $3,390/mo.
At 42% of local median household income ($67,203/yr), Hollywood ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.
Frequently asked questions
Is Hollywood an affordable city for renters?
How much income do you need to rent in Hollywood?
Is rent going up or down in Hollywood?
Which Hollywood neighborhoods have the lowest rent?
How does Hollywood rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Hollywood?
What percentage of Hollywood residents rent vs. own?
How does Hollywood rent compare to the national average?
At $2,341/mo, rent takes ~42% of Hollywood's median household income ($67,203/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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