At $2,262/mo, rent takes about 39% of the local median household income, slightly 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 $2,262 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 Sebastian changed +7.2% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($69,409) is $1,735 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,730); a 3-bedroom is $2,150.
Palm Bay, 16 miles away, rents for 19% less ($1,842/mo), about $5,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Sebastian. 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
Sebastian, FL is majority owner-occupied, has a large retiree population, 27.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Sebastian, FL has changed in 5 years
On the earnings side, the typical household in Sebastian, FL now reports about $69,409, up from $60,966 in 2021. Headcount in the area went from 24,843 to 26,262 between 2021 and 2024, a 5.7% change. About 14.8% of households rent today, against 17.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 30.1% to 27.1%.
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At $2,262/mo, how Sebastian rent compares to typical pay (30% rule).
Sebastian rent by bedroom count
Median rent for each apartment size in Sebastian. Click any size for full breakdown.
Tips for renters in Sebastian
Last updated: October 17, 2026
The median rent in Sebastian is $2,262/mo as of October 2026. A studio apartment averages $1,370/mo while a 2-bedroom runs $1,730/mo. One-bedroom apartments average $1,380/mo and 3-bedroom units go for $2,150/mo.
At 39% of local median household income ($69,409/yr), Sebastian ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.2% over the past year.
Frequently asked questions
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Is rent going up or down in Sebastian?
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Which nearby cities are cheaper to rent in than Sebastian?
At $2,262/mo, rent takes ~39% of Sebastian's median household income ($69,409/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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