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City Report · FL

Inverness

Pop. 7,770·281st most expensive in Florida·Rental market data updated monthly for Inverness, FL
Median rent (all units)
$1,555/mo
Year-over-Year
+3.7%
Month-over-Month
-4.4%
vs US Median
-$410
Falling (Monthly)
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Most AffordableMost Expensive
Inverness · $1,555
More affordable than 72% of US cities · National median $1,965/mo
Affordability
43% of income
STRETCHED
0%30% benchmark60%+

At $1,555/mo, rent takes about 43% of the local median household income, well above the 30% benchmark.

Income to afford
$62,000/yr
Local median income
$43,523/yr
Based on the 30%-of-income rule using Inverness's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$965
1 BR
$975
2 BR
$1,225
3 BR
$1,715
4 BR+
$2,055
Research median
$1,225/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
$18,660/yr
At $1,555/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 3.7% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+3.7% YoY, -4.4% MoM), not inventory.
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Demographics

Who lives here

Inverness, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 19.9% of residents hold a bachelor's degree or higher.

Population
7,770
Median income
$43,523
Median age
59.3
Renters
29%
Age distribution
14.3%
19.5%
12.3%
42.2%
Under 1811.7%
18–3414.3%
35–5419.5%
55–6412.3%
65+42.2%
Gender
43%
57%
Male43%
Female57%
Race & ethnicity
85.7%
White85.7%
Black2.9%
Hispanic6.4%
Asian3.7%
Other1.4%
Education (25+)
34.9%
37.8%
19.9%
No HS diploma7.4%
HS diploma34.9%
Some college37.8%
Bachelor's+19.9%
Housing tenure
71%
29%
Owner71%
Renter29%

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

2021 vs 2026

How Inverness, FL has changed in 5 years

Income
$39,532 → $43,523
up 10.1%
Population
7,423 → 7,770
up 4.7%
Renter share
34.6% → 29%
-5.6 pts
Bachelor's+
15.1% → 19.9%
+4.8 pts
Median age
58.5 → 59.3
+0.8 yrs

Census figures show median household income at $43,523 today, compared with $39,532 five years earlier. Census counts show Inverness, FL adding about 347 residents over the five-year window, up 4.7% on net. The renter share has eased from 34.6% to 29%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 15.1% to 19.9% across the same window.

Community

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

Can you afford rent in Inverness on your salary?

At $1,555/mo, how Inverness rent compares to typical pay (30% rule).

By apartment size

Inverness rent by bedroom count

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

Local insights

Tips for renters in Inverness

About renting in Inverness, FL

Last updated: July 20, 2026

The median rent in Inverness is $1,555/mo as of July 2026. A studio apartment averages $965/mo while a 2-bedroom runs $1,225/mo. One-bedroom apartments average $975/mo and 3-bedroom units go for $1,715/mo.

At 43% of local median household income ($43,523/yr), Inverness ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.

FAQ

Frequently asked questions

Is Inverness an affordable city for renters?

Inverness is considered stretched for renters. At $1,555/mo, rent takes approximately 43% of the local median household income ($43,523/yr). The standard benchmark is 30%. Inverness significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Inverness?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,555/mo in Inverness. The local median household income is $43,523/yr, meaning the typical Inverness household falls short of that threshold.

Is rent going up or down in Inverness?

Rent in Inverness has increased 3.7% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Inverness neighborhoods have the lowest rent?

The most affordable ZIP codes in Inverness are 34452 ($1,484/mo), and 34453 ($1,533/mo). Citywide, the median rent in Inverness is $1,555/mo.

How does Inverness rent compare to other cities in Florida?

Inverness is one of the more affordable cities in Florida for rent, ranking #281 out of 288 tracked cities at $1,555/mo.

What percentage of Inverness residents rent vs. own?

According to Census data, approximately 29% of Inverness households are renters, while 71% are owner-occupied. Inverness leans toward homeownership, which can mean a smaller rental inventory.

How does Inverness rent compare to the national average?

Inverness's median rent of $1,555/mo is $410 (21%) below the US national median of $1,965/mo. Within Florida, it ranks #281 out of 288 tracked cities.
Income Affordability
43%
STRETCHED

At $1,555/mo, rent takes ~43% of Inverness's median household income ($43,523/yr). The standard benchmark is 30%.

Inverness 43%Benchmark 30%
State income taxNone
Run the Inverness affordability calculator →
Lowest-rent ZIP codes in Inverness
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Inverness, FL

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