Rents are 11% below what Niceville'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 $2,150 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
January. Asking rents in Niceville usually run 1.9% below trend in January and 1.7% above it in May, about $77 a month apart at today's median. Based on 10 years of data.
Rent in Niceville is 0.5% below its high of $2,160 in August 2026, at $2,150 as of September 2026.
Rent in Niceville changed +2.8% 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 Niceville rose 39.9% while median household income rose 33.3% ($76,823 to $102,409). Rent outpaced income.
Rent in Niceville is 42.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($102,409) is $2,560 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,860); a 3-bedroom is $2,590.
Valparaiso, 3 miles away, rents for 11% less ($1,915/mo), about $2,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Niceville. 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
Niceville, FL is majority owner-occupied, has a median income above the national average, 38.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Niceville, FL has changed in 5 years
The median rent in Niceville, FL stood at $1,650 in 2021 and currently runs about $2,150, reflecting a 30.3% increase over the period. Census figures show median household income at $102,409 today, compared with $84,097 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 6.5% since 2021, moving from about 15,532 residents to roughly 16,544. Renters now make up 26.4% of households, compared with 33% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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At $2,150/mo, how Niceville rent compares to typical pay (30% rule).
Niceville rent by bedroom count
Median rent for each apartment size in Niceville. Click any size for full breakdown.
Tips for renters in Niceville
Last updated: October 17, 2026
The median rent in Niceville is $2,150/mo as of October 2026. A studio apartment averages $1,440/mo while a 2-bedroom runs $1,860/mo. One-bedroom apartments average $1,660/mo and 3-bedroom units go for $2,590/mo.
At 25% of local median household income ($102,409/yr), Niceville ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Niceville?
At $2,150/mo, rent takes ~25% of Niceville's median household income ($102,409/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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