Rents are right about where Pace'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 $1,929 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
Rent in Pace is 0.4% below its high of $1,937 in August 2026, at $1,929 as of September 2026.
Rent in Pace changed +1.9% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent rose in 9 of the last 12 months.
30% of the median household income ($80,701) is $2,018 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,540); a 3-bedroom is $2,060.
Pensacola, 16 miles away, rents for 15% less ($1,640/mo), about $3,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Pace. 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
Pace, FL is majority owner-occupied, has a large share of families with children, 31.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Pace, FL has changed in 5 years
The median rent in Pace, FL stood at $1,765 in 2022 and currently runs about $1,929, reflecting a 9.3% increase over the period. Median household income rose from $67,500 to $80,701 between 2021 and 2024, a 19.6% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 11.7% since 2021, moving from about 23,527 residents to roughly 26,282. Renters now make up 17% of households, compared with 18.6% five years ago. College-educated residents now make up 31.3% of adults here, versus 27.8% in 2021. Taken together, the five-year picture in Pace, 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 Pace on your salary?
At $1,929/mo, how Pace rent compares to typical pay (30% rule).
Pace rent by bedroom count
Median rent for each apartment size in Pace. Click any size for full breakdown.
Tips for renters in Pace
Last updated: October 17, 2026
The median rent in Pace is $1,929/mo as of October 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,540/mo. One-bedroom apartments average $1,310/mo and 3-bedroom units go for $2,060/mo.
At 29% of local median household income ($80,701/yr), Pace ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.
Frequently asked questions
How much income do you need to rent in Pace?
Is rent going up or down in Pace?
How does Pace rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Pace?
At $1,929/mo, rent takes ~29% of Pace's median household income ($80,701/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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