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City Report · FL

Sebastian

Pop. 26,262·188th most expensive in Florida·Rental market data updated monthly for Sebastian, FL
Median rent (all units)
$1,994/mo
Year-over-Year
+0.2%
Month-over-Month
-0.3%
vs US Median
+$29
Stable (Monthly)
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Most AffordableMost Expensive
Sebastian · $1,994
More expensive than 59% of US cities · National median $1,965/mo
Affordability
34% of income
MODERATE
0%30% benchmark60%+

At $1,994/mo, rent takes about 34% of the local median household income, slightly above the 30% benchmark.

Income to afford
$80,000/yr
Local median income
$69,409/yr
Based on the 30%-of-income rule using Sebastian's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,370
1 BR
$1,380
2 BR
$1,730
3 BR
$2,150
4 BR+
$2,870
Research median
$1,730/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$23,928/yr
At $1,994/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 (+0.2% YoY, -0.3% MoM), not inventory.
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Demographics

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.

Population
26,262
Median income
$69,409
Median age
58.2
Renters
14.8%
Age distribution
12.6%
12.8%
20.4%
17.3%
36.8%
Under 1812.6%
18–3412.8%
35–5420.4%
55–6417.3%
65+36.8%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
84%
13.3%
White84%
Black2.1%
Hispanic13.3%
Asian1.8%
Education (25+)
30.1%
32.8%
27.1%
No HS diploma10.1%
HS diploma30.1%
Some college32.8%
Bachelor's+27.1%
Housing tenure
85.2%
14.8%
Owner85.2%
Renter14.8%

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

2021 vs 2026

How Sebastian, FL has changed in 5 years

Income
$60,966 → $69,409
up 13.8%
Population
24,843 → 26,262
up 5.7%
Renter share
17.6% → 14.8%
-2.8 pts
Bachelor's+
30.1% → 27.1%
-3.0 pts
Median age
56.7 → 58.2
+1.5 yrs

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%.

Community

Discussions about Sebastian

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

Can you afford rent in Sebastian on your salary?

At $1,994/mo, how Sebastian rent compares to typical pay (30% rule).

By apartment size

Sebastian rent by bedroom count

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

Local insights

Tips for renters in Sebastian

About renting in Sebastian, FL

Last updated: July 20, 2026

The median rent in Sebastian is $1,994/mo as of July 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 34% of local median household income ($69,409/yr), Sebastian ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.

FAQ

Frequently asked questions

Is Sebastian an affordable city for renters?

Sebastian is considered moderate for renters. At $1,994/mo, rent takes approximately 34% of the local median household income ($69,409/yr). The standard benchmark is 30%. Sebastian slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Sebastian?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,994/mo in Sebastian. The local median household income is $69,409/yr, meaning the typical Sebastian household falls short of that threshold.

Is rent going up or down in Sebastian?

Rent in Sebastian has been relatively stable over the past year, with a 0.2% change year over year as of July 2026.

How does Sebastian rent compare to other cities in Florida?

Sebastian is middle-of-the-pack for Florida for rent, ranking #188 out of 288 tracked cities at $1,994/mo.

Which nearby cities are cheaper to rent in than Sebastian?

Palm Bay is nearby and more affordable at $1,881/mo, which is $113 less than Sebastian.

What percentage of Sebastian residents rent vs. own?

According to Census data, approximately 14.8% of Sebastian households are renters, while 85.2% are owner-occupied. Sebastian leans toward homeownership, which can mean a smaller rental inventory.

How does Sebastian rent compare to the national average?

Sebastian's median rent of $1,994/mo is $29 (1%) above the US national median of $1,965/mo. Within Florida, it ranks #188 out of 288 tracked cities.
Income Affordability
34%
MODERATE

At $1,994/mo, rent takes ~34% of Sebastian's median household income ($69,409/yr). The standard benchmark is 30%.

Sebastian 34%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Sebastian, FL

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