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City Report · FL

Islamorada

·53rd most expensive in Florida·Rents have been falling, good time to negotiate
Median rent (all units)
$2,664/mo
Year-over-Year
Stable
Month-over-Month
-19.2%
vs US Median
+$699
Falling (Monthly)
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Most AffordableMost Expensive
Islamorada · $2,664
More expensive than 84% of US cities · National median $1,965/mo
Affordability
44% of income
STRETCHED
0%30% benchmark60%+

At $2,664/mo, rent takes about 44% of the US median household income, well above the 30% benchmark.

Income to afford
$107,000/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
Research median
$2,130/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
$31,968/yr
At $2,664/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -19.2% 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 $2,664/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: July 20, 2026

The median rent in Islamorada is $2,664/mo as of July 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 44% of estimated US median household income ($72,000/yr), Islamorada ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Islamorada an affordable city for renters?

Islamorada is considered stretched for renters. At $2,664/mo, rent takes approximately 44% of the US median household income ($72,000/yr). The standard benchmark is 30%. Islamorada significantly exceeds that threshold, making it challenging for many renters.

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 $107,000/year (~$51/hour full-time) to afford the median rent of $2,664/mo in Islamorada.

Is rent going up or down in Islamorada?

Rent in Islamorada has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Islamorada rent compare to other cities in Florida?

Islamorada is one of the pricier cities in Florida for rent, ranking #53 out of 288 tracked cities at $2,664/mo.

Which nearby cities are cheaper to rent in than Islamorada?

Several nearby cities have lower median rents than Islamorada ($2,664/mo): Homestead ($2,444/mo), Florida City ($2,486/mo).

How does Islamorada rent compare to the national average?

Islamorada's median rent of $2,664/mo is $699 (36%) above the US national median of $1,965/mo. Within Florida, it ranks #53 out of 288 tracked cities.
Income Affordability
44%
STRETCHED

At $2,664/mo, rent takes ~44% of US median household income ($72,000/yr). The standard benchmark is 30%.

Islamorada 44%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Islamorada, FL

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