Rents are 10% below what Oviedo'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 $2,158 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
February. Asking rents in Oviedo usually run 1% below trend in February and 1.6% above it in August, about $56 a month apart at today's median. Based on 11 years of data.
Rent in Oviedo is 0.1% below its high of $2,161 in August 2026, at $2,158 as of September 2026.
Rent in Oviedo changed +1.4% 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 Oviedo rose 36.7% while median household income rose 22% ($95,935 to $117,070). Rent outpaced income.
Rent in Oviedo is 38.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 7 of the last 12 months.
30% of the median household income ($117,070) is $2,927 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,500); a 3-bedroom is $3,170.
Casselberry, 12 miles away, rents for 15% less ($1,825/mo), about $4,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Oviedo. 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
Oviedo, FL is majority owner-occupied, has a large share of families with children, has a median income above the national average, 55.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Oviedo, FL has changed in 5 years
Compared with 2021, rent in Oviedo, FL has increased by $504 per month, settling near $2,158 after starting the period at $1,654. Median household income grew from $103,882 to $117,070 between 2021 and 2024, a 12.7% shift. Rent outpaced income growth by roughly 17.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 39,405 to 40,599 between 2021 and 2024, a 3.0% change. About 23.3% of households rent today, against 21.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 53.5% to 55.5%. Taken together, the five-year picture in Oviedo, 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 Oviedo on your salary?
At $2,158/mo, how Oviedo rent compares to typical pay (30% rule).
Oviedo rent by bedroom count
Median rent for each apartment size in Oviedo. Click any size for full breakdown.
Tips for renters in Oviedo
Last updated: October 17, 2026
The median rent in Oviedo is $2,158/mo as of October 2026. A studio apartment averages $2,090/mo while a 2-bedroom runs $2,500/mo. One-bedroom apartments average $2,205/mo and 3-bedroom units go for $3,170/mo.
At 22% of local median household income ($117,070/yr), Oviedo ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Oviedo?
At $2,158/mo, rent takes ~22% of Oviedo's median household income ($117,070/yr). The standard benchmark is 30%.
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