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City Report · FL

Shalimar

Pop. 885·205th most expensive in Florida·Shalimar rents have dropped 5.5%, currently a renter's market
Median rent (all units)
$1,933/mo
Year-over-Year
-5.5%
Month-over-Month
-0.3%
vs US Median
-$32
Stable (Monthly)
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Most AffordableMost Expensive
Shalimar · $1,933
More expensive than 55% of US cities · National median $1,965/mo
Rent Reality Score
68/100
Good value
OverheatedFairGreat value

Rents are 9% below what Shalimar's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,933/mo
Expected by trend
$2,125/mo
The Rent Reality Score compares today's median rent to where Shalimar's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,360
1 BR
$1,570
2 BR
$1,760
3 BR
$2,450
4 BR+
$2,960
Research median
$1,760/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
$23,196/yr
At $1,933/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 5.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-5.5% YoY, -0.3% MoM), not inventory.
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Demographics

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.

Population
885
Median income
$115,417
Median age
53.8
Renters
30%
Age distribution
17.4%
23.1%
15.7%
32%
Under 1811.9%
18–3417.4%
35–5423.1%
55–6415.7%
65+32%
Gender
44.4%
55.6%
Male44.4%
Female55.6%
Race & ethnicity
68.8%
18.5%
White68.8%
Black6.2%
Hispanic18.5%
Asian4.9%
Other1.6%
Education (25+)
28.5%
58.4%
No HS diploma3.2%
HS diploma10%
Some college28.5%
Bachelor's+58.4%
Housing tenure
70%
30%
Owner70%
Renter30%

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

2022 vs 2026

How Shalimar, FL has changed in 5 years

Rent
$1,756 → $1,933
up 10.1%
Income
$90,000 → $115,417
up 28.2%
Population
823 → 885
up 7.5%
Renter share
32.1% → 30%
-2.1 pts
Bachelor's+
60% → 58.4%
-1.6 pts
Median age
44.2 → 53.8
+9.6 yrs

Rent in Shalimar, FL has increased 10.1% since 2022, going from about $1,756 per month to roughly $1,933 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 18.1 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.

Community

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

Can you afford rent in Shalimar on your salary?

At $1,933/mo, how Shalimar rent compares to typical pay (30% rule).

By apartment size

Shalimar rent by bedroom count

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

Local insights

Tips for renters in Shalimar

About renting in Shalimar, FL

Last updated: July 20, 2026

The median rent in Shalimar is $1,933/mo as of July 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 20% of local median household income ($115,417/yr), Shalimar ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.5% over the past year.

FAQ

Frequently asked questions

Is Shalimar an affordable city for renters?

Shalimar is considered very affordable for renters. At $1,933/mo, rent takes approximately 20% of the local median household income ($115,417/yr). The standard benchmark is 30%. Shalimar falls comfortably within that range.

How much income do you need to rent in Shalimar?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (~$37/hour full-time) to afford the median rent of $1,933/mo in Shalimar. The local median household income is $115,417/yr, meaning the typical Shalimar household meets that threshold.

Is rent going up or down in Shalimar?

Rent in Shalimar has decreased 5.5% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Shalimar rent compare to other cities in Florida?

Shalimar is one of the more affordable cities in Florida for rent, ranking #205 out of 288 tracked cities at $1,933/mo.

Which nearby cities are cheaper to rent in than Shalimar?

Fort Walton Beach is nearby and more affordable at $1,808/mo, which is $125 less than Shalimar.

What percentage of Shalimar residents rent vs. own?

According to Census data, approximately 30% of Shalimar households are renters, while 70% are owner-occupied. Shalimar leans toward homeownership, which can mean a smaller rental inventory.

How does Shalimar rent compare to the national average?

Shalimar's median rent of $1,933/mo is $32 (2%) below the US national median of $1,965/mo. Within Florida, it ranks #205 out of 288 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,933/mo, rent takes ~20% of Shalimar's median household income ($115,417/yr). The standard benchmark is 30%.

Shalimar 20%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Shalimar, FL

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