City Report · FL

Port Richey

Pop. 3,364·261st most expensive in Florida·Rental market data updated monthly for Port Richey, FL
Median rent (all units)
$1,691/mo
Year-over-Year
-2.5%
Month-over-Month
+0.8%
vs US Median
-$271
Rising (Monthly)
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Most AffordableMost Expensive
Port Richey · $1,691
More affordable than 62% of US cities · National median $1,962/mo
Rent Reality Score
63/100
Good value
OverheatedFairGreat value

Rents are 7% below what Port Richey's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,691/mo
Expected by trend
$1,813/mo
The Rent Reality Score compares today's median rent to where Port Richey's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,430
1 BR
$1,540
2 BR
$1,810
3 BR
$2,320
4 BR+
$2,820
Fair Market Rent (HUD)
$1,810/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,691 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
$20,292/yr
At $1,691/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-2.5% YoY, +0.8% MoM), not inventory.
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Demographics

Who lives here

Port Richey, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 32.9% of residents hold a bachelor's degree or higher.

Population
3,364
Median income
$51,121
Median age
49.4
Renters
36.2%
Age distribution
14.9%
19.3%
22.2%
17.6%
26.1%
Under 1814.9%
18–3419.3%
35–5422.2%
55–6417.6%
65+26.1%
Gender
53.1%
46.9%
Male53.1%
Female46.9%
Race & ethnicity
80.8%
22.4%
White80.8%
Black0.7%
Hispanic22.4%
Asian1.3%
Education (25+)
37.8%
24.6%
32.9%
No HS diploma4.7%
HS diploma37.8%
Some college24.6%
Bachelor's+32.9%
Housing tenure
63.8%
36.2%
Owner63.8%
Renter36.2%

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

2022 vs 2026

How Port Richey, FL has changed in 5 years

Rent
$1,560 → $1,691
up 8.4%
Income
$44,792 → $51,121
up 14.1%
Population
3,027 → 3,364
up 11.1%
Renter share
37.8% → 36.2%
-1.6 pts
Bachelor's+
26.8% → 32.9%
+6.1 pts
Median age
48.1 → 49.4
+1.3 yrs

Rent in Port Richey, FL has climbed 8.4% since 2022, going from about $1,560 per month to roughly $1,691 today. Median household income grew from $44,792 to $51,121 between 2021 and 2024, a 14.1% shift. Income growth outran rent by about 5.7 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 3,027 to 3,364 between 2021 and 2024, a 11.1% change. About 36.2% of households rent today, against 37.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.8% to 32.9%. Taken together, the five-year picture in Port Richey, 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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View Port Richey rent history (2015–2026) →
Salary vs rent

Can you afford rent in Port Richey on your salary?

At $1,691/mo, how Port Richey rent compares to typical pay (30% rule).

By apartment size

Port Richey rent by bedroom count

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

Local insights

Tips for renters in Port Richey

About renting in Port Richey, FL

Last updated: August 17, 2026

The median rent in Port Richey is $1,691/mo as of August 2026. A studio apartment averages $1,430/mo while a 2-bedroom runs $1,810/mo. One-bedroom apartments average $1,540/mo and 3-bedroom units go for $2,320/mo.

At 40% of local median household income ($51,121/yr), Port Richey ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.5% over the past year.

FAQ

Frequently asked questions

Is Port Richey an affordable city for renters?

Port Richey is considered moderate for renters. At $1,691/mo, rent takes approximately 40% of the local median household income ($51,121/yr). The standard benchmark is 30%. Port Richey slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Port Richey?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,691/mo in Port Richey. The local median household income is $51,121/yr, meaning the typical Port Richey household falls short of that threshold.

Is rent going up or down in Port Richey?

Rent in Port Richey has decreased 2.5% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Port Richey rent compare to other cities in Florida?

Port Richey is one of the more affordable cities in Florida for rent, ranking #261 out of 291 tracked cities at $1,691/mo.

What percentage of Port Richey residents rent vs. own?

According to Census data, approximately 36.2% of Port Richey households are renters, while 63.8% are owner-occupied. Port Richey leans toward homeownership, which can mean a smaller rental inventory.

How does Port Richey rent compare to the national average?

Port Richey's median rent of $1,691/mo is $271 (14%) below the US national median of $1,962/mo. Within Florida, it ranks #261 out of 291 tracked cities.
Income Affordability
40%
MODERATE

At $1,691/mo, rent takes ~40% of Port Richey's median household income ($51,121/yr). The standard benchmark is 30%.

Port Richey 40%Benchmark 30%
State income taxNone
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Neighborhoods

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