City Report · FL

Islamorada

·28th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$3,250/mo
Year-over-Year
Stable
Month-over-Month
+22.0%
vs US Median
+$1,318
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Islamorada · $3,250
More expensive than 94% of US cities · National median $1,932/mo
Affordability
54% of income
EXPENSIVE
0%30% benchmark60%+

At $3,250/mo, rent takes about 54% of the US median household income, well above the 30% benchmark.

Income to afford
$130,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Islamorada's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,780
2 BR
$2,130
3 BR
$2,830
4 BR+
$3,130
Fair Market Rent (HUD)
$2,130/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,250 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 →

Rent trends

12-month history

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Last updated: September 25, 2026

Annual cost
$39,000/yr
At $3,250/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +22.0% MoM), not inventory.
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Community

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

Can you afford rent in Islamorada on your salary?

At $3,250/mo, how Islamorada rent compares to typical pay (30% rule).

By apartment size

Islamorada rent by bedroom count

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

Local insights

Tips for renters in Islamorada

About renting in Islamorada, FL

Last updated: September 25, 2026

The median rent in Islamorada is $3,250/mo as of September 2026. A studio apartment averages $1,470/mo while a 2-bedroom runs $2,130/mo. One-bedroom apartments average $1,780/mo and 3-bedroom units go for $2,830/mo.

At 54% of estimated US median household income ($72,000/yr), Islamorada ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Islamorada?

To keep rent at or below 30% of gross income, you would need to earn at least $130,000/year (about $63/hour full-time) to afford the median rent of $3,250/mo in Islamorada.

Is rent going up or down in Islamorada?

Rent in Islamorada has been roughly flat over the past year, a 0.0% change.

How does Islamorada rent compare to other cities in Florida?

Islamorada is one of the pricier among Florida cities for rent, ranking #28 of 292 tracked cities at $3,250/mo.

Which nearby cities are cheaper to rent in than Islamorada?

Nearby cities with lower median rent than Islamorada ($3,250/mo) include Homestead ($2,447/mo), and Florida City ($2,553/mo).
Income Affordability
54%
EXPENSIVE

At $3,250/mo, rent takes ~54% of US median household income ($72,000/yr). The standard benchmark is 30%.

Islamorada 54%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

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Public schools near Islamorada, FL

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