At $1,371/mo, rent takes about 51% of the local median household income, well above the 30% benchmark.
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 $1,371 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 Palatka changed -7.1% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent has fallen 4 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($32,021) is $801 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($790); a 2-bedroom is $1,030.
From Zillow's monthly rent index (ZORI) for Palatka. 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
Palatka, FL is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 10.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Palatka, FL has changed in 5 years
On the earnings side, the typical household in Palatka, FL now reports about $32,021, up from $28,082 in 2021. The population has grown by 2.4% since 2021, moving from about 10,399 residents to roughly 10,650. Renters now make up 49.2% of households, compared with 52.7% five years ago.
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Can you afford rent in Palatka on your salary?
At $1,371/mo, how Palatka rent compares to typical pay (30% rule).
Palatka rent by bedroom count
Median rent for each apartment size in Palatka. Click any size for full breakdown.
Tips for renters in Palatka
Last updated: October 17, 2026
The median rent in Palatka is $1,371/mo as of October 2026. A studio apartment averages $780/mo while a 2-bedroom runs $1,030/mo. One-bedroom apartments average $790/mo and 3-bedroom units go for $1,310/mo.
At 51% of local median household income ($32,021/yr), Palatka ranks as expensive compared to the national benchmark of 30%. Rents have decreased 7.0% over the past year.
Frequently asked questions
How much income do you need to rent in Palatka?
Is rent going up or down in Palatka?
How does Palatka rent compare to other cities in Florida?
At $1,371/mo, rent takes ~51% of Palatka's median household income ($32,021/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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