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City Report · FL

Parkland

Pop. 37,178·9th most expensive in Florida·Parkland rents are up 13.8% over the past year
Median rent (all units)
$5,237/mo
Year-over-Year
+13.8%
Month-over-Month
+2.8%
vs US Median
+$3,275
Rising (Monthly)
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Most AffordableMost Expensive
Parkland · $5,237
More expensive than 99% of US cities · National median $1,962/mo
Affordability
32% of income
MODERATE
0%30% benchmark60%+

At $5,237/mo, rent takes about 32% of the local median household income, slightly above the 30% benchmark.

Income to afford
$209,000/yr
Local median income
$198,669/yr
Based on the 30%-of-income rule using Parkland's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,365
1 BR
$2,580
2 BR
$3,195
3 BR
$4,410
4 BR+
$5,365
Fair Market Rent (HUD)
$3,195/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $5,237 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$62,844/yr
At $5,237/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.8% YoY, +2.8% MoM), not inventory.
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Demographics

Who lives here

Parkland, FL is majority owner-occupied, has a large share of families with children, has a median income above the national average, 71% of residents hold a bachelor's degree or higher.

Population
37,178
Median income
$198,669
Median age
37.9
Renters
14.9%
Age distribution
30.3%
15.6%
28.3%
12.7%
13%
Under 1830.3%
18–3415.6%
35–5428.3%
55–6412.7%
65+13%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
57.7%
13.5%
16.5%
White57.7%
Black13.5%
Hispanic16.5%
Asian7.2%
Other5.1%
Education (25+)
12.9%
14.8%
71%
No HS diploma1.2%
HS diploma12.9%
Some college14.8%
Bachelor's+71%
Housing tenure
85.1%
14.9%
Owner85.1%
Renter14.9%

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

2022 vs 2026

How Parkland, FL has changed in 5 years

Rent
$4,580 → $5,237
up 14.3%
Income
$174,295 → $198,669
up 14.0%
Population
33,772 → 37,178
up 10.1%
Renter share
13.6% → 14.9%
+1.3 pts
Bachelor's+
66.7% → 71%
+4.3 pts
Median age
39.4 → 37.9
-1.5 yrs

The median rent in Parkland, FL stood at $4,580 in 2022 and currently runs about $5,237, reflecting a 14.3% increase over the period. Household income in the area moved from $174,295 to $198,669 across the same window, up 14.0% versus 2021. The population has grown by 10.1% since 2021, moving from about 33,772 residents to roughly 37,178. College-educated residents now make up 71% of adults here, versus 66.7% in 2021. Reading these numbers side by side helps frame whether current listings in Parkland, FL look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in Parkland on your salary?

At $5,237/mo, how Parkland rent compares to typical pay (30% rule).

By apartment size

Parkland rent by bedroom count

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

Local insights

Tips for renters in Parkland

About renting in Parkland, FL

Last updated: August 17, 2026

The median rent in Parkland is $5,237/mo as of August 2026. A studio apartment averages $2,365/mo while a 2-bedroom runs $3,195/mo. One-bedroom apartments average $2,580/mo and 3-bedroom units go for $4,410/mo.

At 32% of local median household income ($198,669/yr), Parkland ranks as moderate compared to the national benchmark of 30%. Rents have increased 13.8% over the past year.

FAQ

Frequently asked questions

Is Parkland an affordable city for renters?

Parkland is considered moderate for renters. At $5,237/mo, rent takes approximately 32% of the local median household income ($198,669/yr). The standard benchmark is 30%. Parkland slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Parkland?

To keep rent at or below 30% of gross income, you would need to earn at least $209,000/year (~$100/hour full-time) to afford the median rent of $5,237/mo in Parkland. The local median household income is $198,669/yr, meaning the typical Parkland household falls short of that threshold.

Is rent going up or down in Parkland?

Rent in Parkland has increased 13.8% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Parkland neighborhoods have the lowest rent?

The most affordable ZIP codes in Parkland are 33067 ($2,459/mo), and 33076 ($3,900/mo). Citywide, the median rent in Parkland is $5,237/mo.

How does Parkland rent compare to other cities in Florida?

Parkland is one of the pricier cities in Florida for rent, ranking #9 out of 291 tracked cities at $5,237/mo.

Which nearby cities are cheaper to rent in than Parkland?

Several nearby cities have lower median rents than Parkland ($5,237/mo): Margate ($2,140/mo), Tamarac ($2,162/mo), North Lauderdale ($2,223/mo).

What percentage of Parkland residents rent vs. own?

According to Census data, approximately 14.9% of Parkland households are renters, while 85.1% are owner-occupied. Parkland leans toward homeownership, which can mean a smaller rental inventory.

How does Parkland rent compare to the national average?

Parkland's median rent of $5,237/mo is $3,275 (167%) above the US national median of $1,962/mo. Within Florida, it ranks #9 out of 291 tracked cities.
Income Affordability
32%
MODERATE

At $5,237/mo, rent takes ~32% of Parkland's median household income ($198,669/yr). The standard benchmark is 30%.

Parkland 32%Benchmark 30%
State income taxNone
Run the Parkland affordability calculator →
Lowest-rent ZIP codes in Parkland
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Parkland, FL

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