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City Report · FL

Siesta Key

Pop. 5,525·4th most expensive in Florida·One of the pricier rental markets in the US
Median rent (all units)
$7,297/mo
Year-over-Year
Stable
Month-over-Month
+1.9%
vs US Median
+$5,332
Rising (Monthly)
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Most AffordableMost Expensive
Siesta Key · $7,297
More expensive than 100% of US cities · National median $1,965/mo
Affordability
76% of income
EXPENSIVE
0%30% benchmark60%+

At $7,297/mo, rent takes about 76% of the local median household income, well above the 30% benchmark.

Income to afford
$292,000/yr
Local median income
$115,854/yr
Based on the 30%-of-income rule using Siesta Key's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,830
1 BR
$2,290
2 BR
$2,670
3 BR
$3,510
4 BR+
$4,200
Research median
$2,670/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
$87,564/yr
At $7,297/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.9% MoM), not inventory.
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Demographics

Who lives here

Siesta Key, FL is majority owner-occupied, has a large retiree population, has a median income above the national average, 67% of residents hold a bachelor's degree or higher.

Population
5,525
Median income
$115,854
Median age
66.3
Renters
7.4%
Age distribution
24.7%
53.6%
Under 187.3%
18–343.4%
35–5411%
55–6424.7%
65+53.6%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
93.8%
White93.8%
Hispanic3.8%
Asian1%
Other1.4%
Education (25+)
12.7%
18%
67%
No HS diploma2.3%
HS diploma12.7%
Some college18%
Bachelor's+67%
Housing tenure
92.6%
Owner92.6%
Renter7.4%

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

2021 vs 2026

How Siesta Key, FL has changed in 5 years

Income
$108,527 → $115,854
up 6.8%
Population
5,416 → 5,525
up 2.0%
Renter share
11.2% → 7.4%
-3.8 pts
Bachelor's+
63.4% → 67%
+3.6 pts
Median age
67.1 → 66.3
-0.8 yrs

Median household income rose from $108,527 to $115,854 between 2021 and 2024, a 6.8% shift. The population has grown by 2.0% since 2021, moving from about 5,416 residents to roughly 5,525. Renters now make up 7.4% of households, compared with 11.2% five years ago. College-educated residents now make up 67% of adults here, versus 63.4% in 2021.

Community

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View Siesta Key rent history (2015–2026) →
Salary vs rent

Can you afford rent in Siesta Key on your salary?

At $7,297/mo, how Siesta Key rent compares to typical pay (30% rule).

By apartment size

Siesta Key rent by bedroom count

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

Local insights

Tips for renters in Siesta Key

About renting in Siesta Key, FL

Last updated: July 20, 2026

The median rent in Siesta Key is $7,297/mo as of July 2026. A studio apartment averages $1,830/mo while a 2-bedroom runs $2,670/mo. One-bedroom apartments average $2,290/mo and 3-bedroom units go for $3,510/mo.

At 76% of local median household income ($115,854/yr), Siesta Key ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Siesta Key an affordable city for renters?

Siesta Key is considered expensive for renters. At $7,297/mo, rent takes approximately 76% of the local median household income ($115,854/yr). The standard benchmark is 30%. Siesta Key significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Siesta Key?

To keep rent at or below 30% of gross income, you would need to earn at least $292,000/year (~$140/hour full-time) to afford the median rent of $7,297/mo in Siesta Key. The local median household income is $115,854/yr, meaning the typical Siesta Key household falls short of that threshold.

Is rent going up or down in Siesta Key?

Rent in Siesta Key has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Siesta Key rent compare to other cities in Florida?

Siesta Key is one of the pricier cities in Florida for rent, ranking #4 out of 288 tracked cities at $7,297/mo.

Which nearby cities are cheaper to rent in than Siesta Key?

Several nearby cities have lower median rents than Siesta Key ($7,297/mo): Bradenton ($1,850/mo), Nokomis ($2,148/mo), Sarasota ($2,218/mo).

What percentage of Siesta Key residents rent vs. own?

According to Census data, approximately 7.4% of Siesta Key households are renters, while 92.6% are owner-occupied. Siesta Key leans toward homeownership, which can mean a smaller rental inventory.

How does Siesta Key rent compare to the national average?

Siesta Key's median rent of $7,297/mo is $5,332 (271%) above the US national median of $1,965/mo. Within Florida, it ranks #4 out of 288 tracked cities.
Income Affordability
76%
EXPENSIVE

At $7,297/mo, rent takes ~76% of Siesta Key's median household income ($115,854/yr). The standard benchmark is 30%.

Siesta Key 76%Benchmark 30%
State income taxNone
Run the Siesta Key affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Siesta Key, FL

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