City Report · FL

Odessa

Pop. 8,381·127th most expensive in Florida·Odessa rents are up 12.7% over the past year
Median rent (all units)
$2,221/mo
Year-over-Year
+12.7%
Month-over-Month
+6.3%
vs US Median
+$256
Rising (Monthly)
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Most AffordableMost Expensive
Odessa · $2,221
More expensive than 70% of US cities · National median $1,965/mo
Rent Reality Score
28/100
Overpriced
OverheatedFairGreat value

Rents are 11% above what Odessa's 10-year trend predicts — running hotter than its own history.

Actual rent
$2,221/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
Research median
$2,190/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$26,652/yr
At $2,221/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.7% YoY, +6.3% MoM), not inventory.
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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 → $2,221
up 14.5%
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 $2,221, up 14.5% 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

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View Odessa rent history (2015–2026) →
Salary vs rent

Can you afford rent in Odessa on your salary?

At $2,221/mo, how Odessa rent compares to typical pay (30% rule).

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: July 20, 2026

The median rent in Odessa is $2,221/mo as of July 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 12.7% over the past year.

FAQ

Frequently asked questions

Is Odessa an affordable city for renters?

Odessa is considered very affordable for renters. At $2,221/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 $89,000/year (~$43/hour full-time) to afford the median rent of $2,221/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 12.7% over the past year as of July 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 #127 out of 288 tracked cities at $2,221/mo.

Which nearby cities are cheaper to rent in than Odessa?

Several nearby cities have lower median rents than Odessa ($2,221/mo): Greater Carrollwood ($1,735/mo), Oldsmar ($1,990/mo), Lutz ($2,016/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 $2,221/mo is $256 (13%) above the US national median of $1,965/mo. Within Florida, it ranks #127 out of 288 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $2,221/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
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Odessa, FL

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