Rents are 14% below what Lutz's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,046 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
March. Asking rents in Lutz usually run 1.4% below trend in March and 0.9% above it in July, about $47 a month apart at today's median. Based on 11 years of data.
Rent in Lutz is 0.3% below its high of $2,052 in July 2025, at $2,046 as of September 2026.
Rent in Lutz changed +1.7% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in Lutz rose 44.5% while median household income rose 41.2% ($85,000 to $120,031). Rent outpaced income.
Rent in Lutz is 42.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($120,031) is $3,001 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,768); a 4-bedroom is $3,368.
The priciest of 4 ZIP codes in Lutz, 33558 ($2,155/mo), costs 7% more than the cheapest, 33559 ($2,011/mo).
Temple Terrace, 9 miles away, rents for 15% less ($1,737/mo), about $3,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Lutz. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Lutz, FL is majority owner-occupied, has a median income above the national average, 49.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lutz, FL has changed in 5 years
The median rent in Lutz, FL stood at $1,615 in 2021 and currently runs about $2,046, reflecting a 26.7% increase over the period. Household income in the area moved from $96,792 to $120,031 across the same window, up 24.0% versus 2021. The population has grown by 13.8% since 2021, moving from about 23,827 residents to roughly 27,106. Renters now make up 21.5% of households, compared with 16.2% five years ago. Reading these numbers side by side helps frame whether current listings in Lutz, FL look reasonable against where the market sat half a decade ago.
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Can you afford rent in Lutz on your salary?
At $2,046/mo, how Lutz rent compares to typical pay (30% rule).
Lutz rent by bedroom count
Median rent for each apartment size in Lutz. Click any size for full breakdown.
Tips for renters in Lutz
Last updated: October 17, 2026
The median rent in Lutz is $2,046/mo as of October 2026. A studio apartment averages $1,708/mo while a 2-bedroom runs $2,160/mo. One-bedroom apartments average $1,840/mo and 3-bedroom units go for $2,768/mo.
At 20% of local median household income ($120,031/yr), Lutz ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Lutz?
At $2,046/mo, rent takes ~20% of Lutz's median household income ($120,031/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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