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City Report · FL

Okeechobee

Pop. 5,479·228th most expensive in Florida·Rental market data updated monthly for Okeechobee, FL
Median rent (all units)
$1,833/mo
Year-over-Year
Stable
Month-over-Month
+12.3%
vs US Median
-$132
Rising (Monthly)
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Most AffordableMost Expensive
Okeechobee · $1,833
More affordable than 52% of US cities · National median $1,965/mo
Affordability
39% of income
MODERATE
0%30% benchmark60%+

At $1,833/mo, rent takes about 39% of the local median household income, slightly above the 30% benchmark.

Income to afford
$73,000/yr
Local median income
$57,044/yr
Based on the 30%-of-income rule using Okeechobee's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,160
1 BR
$1,160
2 BR
$1,420
3 BR
$1,960
4 BR+
$2,190
Research median
$1,420/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
$21,996/yr
At $1,833/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +12.3% MoM), not inventory.
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Demographics

Who lives here

Okeechobee, FL is majority owner-occupied, has a median income below the national average, 21.1% of residents hold a bachelor's degree or higher.

Population
5,479
Median income
$57,044
Median age
38.4
Renters
44.9%
Age distribution
24.1%
22.3%
27.6%
19.2%
Under 1824.1%
18–3422.3%
35–5427.6%
55–646.8%
65+19.2%
Gender
53.9%
46.1%
Male53.9%
Female46.1%
Race & ethnicity
70.8%
34%
White70.8%
Black8.6%
Hispanic34%
Asian0.9%
Education (25+)
14.2%
37%
27.7%
21.1%
No HS diploma14.2%
HS diploma37%
Some college27.7%
Bachelor's+21.1%
Housing tenure
55.1%
44.9%
Owner55.1%
Renter44.9%

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

2021 vs 2026

How Okeechobee, FL has changed in 5 years

Income
$40,149 → $57,044
up 42.1%
Population
5,279 → 5,479
up 3.8%
Renter share
38.2% → 44.9%
+6.7 pts
Bachelor's+
23.7% → 21.1%
-2.6 pts

Median household income grew from $40,149 to $57,044 between 2021 and 2024, a 42.1% shift. Headcount in the area went from 5,279 to 5,479 between 2021 and 2024, a 3.8% change. About 44.9% of households rent today, against 38.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 23.7% to 21.1%.

Community

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

Can you afford rent in Okeechobee on your salary?

At $1,833/mo, how Okeechobee rent compares to typical pay (30% rule).

By apartment size

Okeechobee rent by bedroom count

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

Local insights

Tips for renters in Okeechobee

About renting in Okeechobee, FL

Last updated: July 20, 2026

The median rent in Okeechobee is $1,833/mo as of July 2026. A studio apartment averages $1,160/mo while a 2-bedroom runs $1,420/mo. One-bedroom apartments average $1,160/mo and 3-bedroom units go for $1,960/mo.

At 39% of local median household income ($57,044/yr), Okeechobee ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Okeechobee an affordable city for renters?

Okeechobee is considered moderate for renters. At $1,833/mo, rent takes approximately 39% of the local median household income ($57,044/yr). The standard benchmark is 30%. Okeechobee slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Okeechobee?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,833/mo in Okeechobee. The local median household income is $57,044/yr, meaning the typical Okeechobee household falls short of that threshold.

Is rent going up or down in Okeechobee?

Rent in Okeechobee has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Okeechobee rent compare to other cities in Florida?

Okeechobee is one of the more affordable cities in Florida for rent, ranking #228 out of 288 tracked cities at $1,833/mo.

Which nearby cities are cheaper to rent in than Okeechobee?

Several nearby cities have lower median rents than Okeechobee ($1,833/mo): Sebring ($1,489/mo), Lake Placid ($1,659/mo).

What percentage of Okeechobee residents rent vs. own?

According to Census data, approximately 44.9% of Okeechobee households are renters, while 55.1% are owner-occupied. Okeechobee leans toward homeownership, which can mean a smaller rental inventory.

How does Okeechobee rent compare to the national average?

Okeechobee's median rent of $1,833/mo is $132 (7%) below the US national median of $1,965/mo. Within Florida, it ranks #228 out of 288 tracked cities.
Income Affordability
39%
MODERATE

At $1,833/mo, rent takes ~39% of Okeechobee's median household income ($57,044/yr). The standard benchmark is 30%.

Okeechobee 39%Benchmark 30%
State income taxNone
Run the Okeechobee affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Okeechobee, FL

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