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City Report · FL

Longboat Key

Pop. 7,539·4th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$8,209/mo
Year-over-Year
Stable
Month-over-Month
+13.9%
vs US Median
+$6,244
Rising (Monthly)
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Most AffordableMost Expensive
Longboat Key · $8,209
More expensive than 100% of US cities · National median $1,965/mo
Affordability
62% of income
EXPENSIVE
0%30% benchmark60%+

At $8,209/mo, rent takes about 62% of the local median household income, well above the 30% benchmark.

Income to afford
$328,000/yr
Local median income
$158,030/yr
Based on the 30%-of-income rule using Longboat Key's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$98,508/yr
At $8,209/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, +13.9% MoM), not inventory.
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Demographics

Who lives here

Longboat Key, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 70.3% of residents hold a bachelor's degree or higher.

Population
7,539
Median income
$158,030
Median age
71.2
Renters
6.4%
Age distribution
21.1%
68.4%
Under 180.9%
18–340.8%
35–548.7%
55–6421.1%
65+68.4%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
94.2%
White94.2%
Black0.8%
Hispanic3.1%
Asian0.8%
Other1%
Education (25+)
19.5%
70.3%
No HS diploma1.1%
HS diploma9.2%
Some college19.5%
Bachelor's+70.3%
Housing tenure
93.6%
Owner93.6%
Renter6.4%

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

2021 vs 2026

How Longboat Key, FL has changed in 5 years

Income
$121,797 → $158,030
up 29.7%
Population
7,446 → 7,539
up 1.2%
Renter share
6.2% → 6.4%
+0.2 pts
Bachelor's+
66.8% → 70.3%
+3.5 pts

On the earnings side, the typical household in Longboat Key, FL now reports about $158,030, up from $121,797 in 2021. Census counts show Longboat Key, FL adding about 93 residents over the five-year window, up 1.2% on net. Bachelor's-degree-or-higher attainment moved from 66.8% to 70.3% across the same window.

Community

Discussions about Longboat Key

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View Longboat Key rent history (2015–2026) →
Salary vs rent

Can you afford rent in Longboat Key on your salary?

At $8,209/mo, how Longboat Key rent compares to typical pay (30% rule).

By apartment size

Longboat Key rent by bedroom count

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

Local insights

Tips for renters in Longboat Key

About renting in Longboat Key, FL

Last updated: June 22, 2026

The median rent in Longboat Key is $8,209/mo as of June 2026.

At 62% of local median household income ($158,030/yr), Longboat Key ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Longboat Key an affordable city for renters?

Longboat Key is considered expensive for renters. At $8,209/mo, rent takes approximately 62% of the local median household income ($158,030/yr). The standard benchmark is 30%. Longboat Key significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Longboat Key?

To keep rent at or below 30% of gross income, you would need to earn at least $328,000/year (~$158/hour full-time) to afford the median rent of $8,209/mo in Longboat Key. The local median household income is $158,030/yr, meaning the typical Longboat Key household falls short of that threshold.

Is rent going up or down in Longboat Key?

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

How does Longboat Key rent compare to other cities in Florida?

Longboat Key is one of the pricier cities in Florida for rent, ranking #4 out of 294 tracked cities at $8,209/mo.

Which nearby cities are cheaper to rent in than Longboat Key?

Several nearby cities have lower median rents than Longboat Key ($8,209/mo): Bradenton ($1,850/mo), Ellenton ($2,014/mo), Sarasota ($2,218/mo).

What percentage of Longboat Key residents rent vs. own?

According to Census data, approximately 6.4% of Longboat Key households are renters, while 93.6% are owner-occupied. Longboat Key leans toward homeownership, which can mean a smaller rental inventory.

How does Longboat Key rent compare to the national average?

Longboat Key's median rent of $8,209/mo is $6,244 (318%) above the US national median of $1,965/mo. Within Florida, it ranks #4 out of 294 tracked cities.
Income Affordability
62%
EXPENSIVE

At $8,209/mo, rent takes ~62% of Longboat Key's median household income ($158,030/yr). The standard benchmark is 30%.

Longboat Key 62%Benchmark 30%
State income taxNone
Run the Longboat Key affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Longboat Key, FL

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