Rents are right about where Odessa's 10-year trend predicts.
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 $2,031 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
June. Asking rents in Odessa usually run 1.5% below trend in June and 1.2% above it in October, about $55 a month apart at today's median. Based on 5 years of data.
Rent in Odessa is 1.1% below its high of $2,053 in January 2025, at $2,031 as of September 2026.
Rent in Odessa changed +1.7% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent rose in 6 of the last 12 months.
30% of the median household income ($117,806) is $2,945 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,800); a 4-bedroom is $3,410.
New Port Richey, 9 miles away, rents for 12% less ($1,790/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Odessa. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Odessa, FL has changed in 5 years
Across the past five years, the going rent in Odessa, FL has shifted from $1,914 to $2,031, up 6.1% 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.
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Can you afford rent in Odessa on your salary?
At $2,031/mo, how Odessa rent compares to typical pay (30% rule).
Odessa rent by bedroom count
Median rent for each apartment size in Odessa. Click any size for full breakdown.
Tips for renters in Odessa
Last updated: October 17, 2026
The median rent in Odessa is $2,031/mo as of October 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 21% of local median household income ($117,806/yr), Odessa 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 Odessa?
At $2,031/mo, rent takes ~21% of Odessa's median household income ($117,806/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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