How much does it cost to rent in Odessa, FL?

As of August 2026, the median monthly rent in Odessa, FL is $2,266. This figure is based on aggregated data from public sources and community-submitted rents.

Is Odessa cheaper than other Florida cities?

Odessa falls in the middle range for Florida, ranking #116 out of 291 cities at $2,266/mo.

When was Odessa rent data last updated?

Odessa rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Odessa, FL?

HUD sets the Fair Market Rent for a two-bedroom home in Odessa, FL at $2,190 per month, which is 3% below the $2,266 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · FL

Odessa

Name: Average Rent Prices in Odessa, FL
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 8,381·116th most expensive in Florida·Odessa rents are up 15.1% over the past year

Median rent (all units)

$2,266/mo

Year-over-Year

+15.1%

Month-over-Month

+2.0%

vs US Median

+$304

Rising (Monthly)

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Most AffordableMost Expensive

Odessa · $2,266

More expensive than 71% of US cities · National median $1,962/mo

Rent Reality Score

24/100

Overpriced

OverheatedFairGreat value

Rents are 13% above what Odessa's 10-year trend predicts — running hotter than its own history.

Actual rent

$2,266/mo

Expected by trend

$2,004/mo

The Rent Reality Score compares today's median rent to where Odessa's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,730

1 BR

$1,870

2 BR

$2,190

3 BR

$2,800

4 BR+

$3,410

Fair Market Rent (HUD)

$2,190/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,266 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

Loading…

Last updated: August 17, 2026

Annual cost

$27,192/yr

At $2,266/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 15.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+15.1% YoY, +2.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Odessa, FL is majority owner-occupied, has a median income above the national average, 49.1% of residents hold a bachelor's degree or higher.

Population

8,381

Median income

$117,806

Median age

37.5

Renters

29.8%

Age distribution

23.8%

23.7%

26.7%

14.3%

Under 1823.8%

18–3423.7%

35–5426.7%

55–6411.5%

65+14.3%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

63.1%

22.5%

White63.1%

Black4.9%

Hispanic22.5%

Asian6.1%

Other3.4%

Education (25+)

21.4%

26.4%

49.1%

No HS diploma3.1%

HS diploma21.4%

Some college26.4%

Bachelor's+49.1%

Housing tenure

70.2%

29.8%

Owner70.2%

Renter29.8%

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

2022 vs 2026

How Odessa, FL has changed in 5 years

Rent

$1,939 → $2,266

up 16.9%

Income

$96,444 → $117,806

up 22.1%

Population

7,682 → 8,381

up 9.1%

Renter share

25.8% → 29.8%

+4.0 pts

Bachelor's+

44.5% → 49.1%

+4.6 pts

Median age

40.9 → 37.5

-3.4 yrs

Across the past five years, the going rent in Odessa, FL has shifted from $1,939 to $2,266, up 16.9% since 2022. Median household income climbed from $96,444 to $117,806 between 2021 and 2024, a 22.1% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Odessa, FL adding about 699 residents over the five-year window, up 9.1% on net. The renter share has risen from 25.8% to 29.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 44.5% to 49.1% across the same window. Taken together, the five-year picture in Odessa, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Odessa

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View Odessa rent history (2015–2026) →

Salary vs rent

Can you afford rent in Odessa on your salary?

At $2,266/mo, how Odessa rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 30.9% income

stretched

Elementary School Teacher

Avg $62,384/yr · Rent = 43.6% income

rent-burdened

Police Officer

Avg $71,861/yr · Rent = 37.8% income

stretched

Software Developer

Avg $128,442/yr · Rent = 21.2% income

affordable

Lawyer

Avg $164,117/yr · Rent = 16.6% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 46.6% income

rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 51.6% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 41.8% income

rent-burdened

By apartment size

Odessa rent by bedroom count

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

Local insights

Tips for renters in Odessa

About renting in Odessa, FL

Last updated: August 17, 2026

The median rent in Odessa is $2,266/mo as of August 2026. A studio apartment averages $1,730/mo while a 2-bedroom runs $2,190/mo. One-bedroom apartments average $1,870/mo and 3-bedroom units go for $2,800/mo.

At 23% of local median household income ($117,806/yr), Odessa ranks as affordable compared to the national benchmark of 30%. Rents have increased 15.1% over the past year.

FAQ

Frequently asked questions

Is Odessa an affordable city for renters?

Odessa is considered very affordable for renters. At $2,266/mo, rent takes approximately 23% of the local median household income ($117,806/yr). The standard benchmark is 30%. Odessa falls comfortably within that range.

How much income do you need to rent in Odessa?

To keep rent at or below 30% of gross income, you would need to earn at least $91,000/year (~$44/hour full-time) to afford the median rent of $2,266/mo in Odessa. The local median household income is $117,806/yr, meaning the typical Odessa household meets that threshold.

Is rent going up or down in Odessa?

Rent in Odessa has increased 15.1% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Odessa rent compare to other cities in Florida?

Odessa is middle-of-the-pack for Florida for rent, ranking #116 out of 291 tracked cities at $2,266/mo.

Which nearby cities are cheaper to rent in than Odessa?

Several nearby cities have lower median rents than Odessa ($2,266/mo): Greater Carrollwood ($1,735/mo), Oldsmar ($1,882/mo), Lutz ($2,027/mo).

What percentage of Odessa residents rent vs. own?

According to Census data, approximately 29.8% of Odessa households are renters, while 70.2% are owner-occupied. Odessa leans toward homeownership, which can mean a smaller rental inventory.

How does Odessa rent compare to the national average?

Odessa's median rent of $2,266/mo is $304 (15%) above the US national median of $1,962/mo. Within Florida, it ranks #116 out of 291 tracked cities.

Income Affordability

23%

VERY AFFORDABLE

At $2,266/mo, rent takes ~23% of Odessa's median household income ($117,806/yr). The standard benchmark is 30%.

Odessa 23%Benchmark 30%

State income taxNone

Run the Odessa affordability calculator →

Nearby cities