Rents are 2% above what Shalimar's 10-year trend predicts — running hotter than its own history.
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 $1,850 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 Shalimar is at its highest level since Zillow's records here began in February 2022.
Rent in Shalimar changed +6.6% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent has risen 6 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($115,417) is $2,885 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,450); a 4-bedroom is $2,960.
From Zillow's monthly rent index (ZORI) for Shalimar. 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
Shalimar, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 58.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Shalimar, FL has changed in 5 years
Rent in Shalimar, FL has increased 19.1% since 2022, going from about $1,553 per month to roughly $1,850 today. Median household income grew from $90,000 to $115,417 between 2021 and 2024, a 28.2% shift. Income growth outran rent by about 9.1 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 823 to 885 between 2021 and 2024, a 7.5% change. About 30% of households rent today, against 32.1% in 2021. Taken together, the five-year picture in Shalimar, 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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At $1,850/mo, how Shalimar rent compares to typical pay (30% rule).
Shalimar rent by bedroom count
Median rent for each apartment size in Shalimar. Click any size for full breakdown.
Tips for renters in Shalimar
Last updated: October 17, 2026
The median rent in Shalimar is $1,850/mo as of October 2026. A studio apartment averages $1,360/mo while a 2-bedroom runs $1,760/mo. One-bedroom apartments average $1,570/mo and 3-bedroom units go for $2,450/mo.
At 19% of local median household income ($115,417/yr), Shalimar ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.
Frequently asked questions
How much income do you need to rent in Shalimar?
Is rent going up or down in Shalimar?
How does Shalimar rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Shalimar?
At $1,850/mo, rent takes ~19% of Shalimar's median household income ($115,417/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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