How much does it cost to rent in Homestead, FL?

As of July 2026, the median monthly rent in Homestead, FL is $2,444. This figure is based on aggregated data from public sources and community-submitted rents.

Is Homestead cheaper than other Florida cities?

Homestead is one of the pricier cities in Florida, ranking #80 out of 288 cities tracked at $2,444/mo.

When was Homestead rent data last updated?

Homestead rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Homestead

Name: Average Rent Prices in Homestead, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 82,807·80th most expensive in Florida·Rental market data updated monthly for Homestead, FL

Median rent (all units)

$2,444/mo

Year-over-Year

+1.0%

Month-over-Month

+1.5%

vs US Median

+$479

Rising (Monthly)

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Most AffordableMost Expensive

Homestead · $2,444

More expensive than 78% of US cities · National median $1,965/mo

Rent Reality Score

74/100

Good value

OverheatedFairGreat value

Rents are 12% below what Homestead's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,444/mo

Expected by trend

$2,778/mo

The Rent Reality Score compares today's median rent to where Homestead's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,625

1 BR

$1,810

2 BR

$2,228

3 BR

$2,888

4 BR+

$3,403

Research median

$2,228/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

$29,328/yr

At $2,444/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.0% YoY, +1.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Homestead, FL is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 24.9% of residents hold a bachelor's degree or higher.

Population

82,807

Median income

$65,423

Median age

32.5

Renters

51.7%

Age distribution

29.5%

25.1%

28.6%

Under 1829.5%

18–3425.1%

35–5428.6%

55–648.3%

65+8.5%

Gender

50.7%

49.3%

Male50.7%

Female49.3%

Race & ethnicity

34.6%

19.4%

67.4%

White34.6%

Black19.4%

Hispanic67.4%

Asian0.7%

Education (25+)

23%

26.8%

25.2%

24.9%

No HS diploma23%

HS diploma26.8%

Some college25.2%

Bachelor's+24.9%

Housing tenure

48.3%

51.7%

Owner48.3%

Renter51.7%

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

2021 vs 2026

How Homestead, FL has changed in 5 years

Rent

$1,653 → $2,444

up 47.9%

Income

$52,334 → $65,423

up 25.0%

Population

78,885 → 82,807

up 5.0%

Renter share

55.8% → 51.7%

-4.1 pts

Bachelor's+

24.1% → 24.9%

+0.8 pts

Median age

31.2 → 32.5

+1.3 yrs

Since 2021, the typical rent in Homestead, FL has increased from $1,653 to $2,444, a 47.9% change over five years. Median household income rose from $52,334 to $65,423 between 2021 and 2024, a 25.0% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.0% since 2021, moving from about 78,885 residents to roughly 82,807. Renters now make up 51.7% of households, compared with 55.8% five years ago. Taken together, the five-year picture in Homestead, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Homestead

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View Homestead rent history (2015–2026) →

Salary vs rent

Can you afford rent in Homestead on your salary?

At $2,444/mo, how Homestead rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 33.4% income

stretched

Elementary School Teacher

Avg $62,384/yr · Rent = 47% income

rent-burdened

Police Officer

Avg $71,861/yr · Rent = 40.8% income

rent-burdened

Software Developer

Avg $128,442/yr · Rent = 22.8% income

affordable

Lawyer

Avg $164,117/yr · Rent = 17.9% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 50.2% income

severely rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 55.6% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 45.1% income

rent-burdened

By apartment size

Homestead rent by bedroom count

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

Local insights

Tips for renters in Homestead

About renting in Homestead, FL

Last updated: July 20, 2026

The median rent in Homestead is $2,444/mo as of July 2026. A studio apartment averages $1,625/mo while a 2-bedroom runs $2,228/mo. One-bedroom apartments average $1,810/mo and 3-bedroom units go for $2,888/mo.

At 45% of local median household income ($65,423/yr), Homestead ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

Is Homestead an affordable city for renters?

Homestead is considered stretched for renters. At $2,444/mo, rent takes approximately 45% of the local median household income ($65,423/yr). The standard benchmark is 30%. Homestead significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Homestead?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,444/mo in Homestead. The local median household income is $65,423/yr, meaning the typical Homestead household falls short of that threshold.

Is rent going up or down in Homestead?

Rent in Homestead has increased 1.0% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Homestead neighborhoods have the lowest rent?

The most affordable ZIP codes in Homestead are 33030 ($2,242/mo), 33035 ($2,366/mo), and 33033 ($2,506/mo). Citywide, the median rent in Homestead is $2,444/mo.

How does Homestead rent compare to other cities in Florida?

Homestead is one of the pricier cities in Florida for rent, ranking #80 out of 288 tracked cities at $2,444/mo.

What percentage of Homestead residents rent vs. own?

According to Census data, approximately 51.7% of Homestead households are renters, while 48.3% are owner-occupied. With a majority renter population, Homestead has a strong rental market.

How does Homestead rent compare to the national average?

Homestead's median rent of $2,444/mo is $479 (24%) above the US national median of $1,965/mo. Within Florida, it ranks #80 out of 288 tracked cities.

Income Affordability

45%

STRETCHED

At $2,444/mo, rent takes ~45% of Homestead's median household income ($65,423/yr). The standard benchmark is 30%.

Homestead 45%Benchmark 30%

State income taxNone

Run the Homestead affordability calculator →

Nearby cities