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City Report · FL

South Pasadena

Pop. 5,320·111th most expensive in Florida·Rental market data updated monthly for South Pasadena, FL
Median rent (all units)
$2,284/mo
Year-over-Year
Stable
Month-over-Month
+1.2%
vs US Median
+$322
Rising (Monthly)
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Most AffordableMost Expensive
South Pasadena · $2,284
More expensive than 72% of US cities · National median $1,962/mo
Affordability
52% of income
EXPENSIVE
0%30% benchmark60%+

At $2,284/mo, rent takes about 52% of the local median household income, well above the 30% benchmark.

Income to afford
$91,000/yr
Local median income
$53,075/yr
Based on the 30%-of-income rule using South Pasadena's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,150
2 BR
$2,199
Fair Market Rent (HUD)
$2,199/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,284 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$27,408/yr
At $2,284/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, +1.2% MoM), not inventory.
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Demographics

Who lives here

South Pasadena, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 35.9% of residents hold a bachelor's degree or higher.

Population
5,320
Median income
$53,075
Median age
70
Renters
44.2%
Age distribution
14.2%
66.1%
Under 182.1%
18–349%
35–548.6%
55–6414.2%
65+66.1%
Gender
42.2%
57.8%
Male42.2%
Female57.8%
Race & ethnicity
89.4%
White89.4%
Black2.1%
Hispanic6.1%
Asian0.6%
Other1.8%
Education (25+)
25.3%
32.6%
35.9%
No HS diploma6.2%
HS diploma25.3%
Some college32.6%
Bachelor's+35.9%
Housing tenure
55.8%
44.2%
Owner55.8%
Renter44.2%

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

2021 vs 2026

How South Pasadena, FL has changed in 5 years

Income
$43,383 → $53,075
up 22.3%
Population
5,319 → 5,320
up 0.0%
Renter share
50.6% → 44.2%
-6.4 pts
Bachelor's+
27% → 35.9%
+8.9 pts
Median age
67.6 → 70
+2.4 yrs

Household income in the area moved from $43,383 to $53,075 across the same window, up 22.3% versus 2021. About 44.2% of households rent today, against 50.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 27% to 35.9%.

Community

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View South Pasadena rent history (2015–2026) →
Salary vs rent

Can you afford rent in South Pasadena on your salary?

At $2,284/mo, how South Pasadena rent compares to typical pay (30% rule).

By apartment size

South Pasadena rent by bedroom count

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

Local insights

Tips for renters in South Pasadena

About renting in South Pasadena, FL

Last updated: August 17, 2026

The median rent in South Pasadena is $2,284/mo as of August 2026. A studio apartment averages $1,250/mo while a 2-bedroom runs $2,199/mo. One-bedroom apartments average $1,150/mo.

At 52% of local median household income ($53,075/yr), South Pasadena ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is South Pasadena an affordable city for renters?

South Pasadena is considered expensive for renters. At $2,284/mo, rent takes approximately 52% of the local median household income ($53,075/yr). The standard benchmark is 30%. South Pasadena significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in South Pasadena?

To keep rent at or below 30% of gross income, you would need to earn at least $91,000/year (~$44/hour full-time) to afford the median rent of $2,284/mo in South Pasadena. The local median household income is $53,075/yr, meaning the typical South Pasadena household falls short of that threshold.

Is rent going up or down in South Pasadena?

Rent in South Pasadena has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does South Pasadena rent compare to other cities in Florida?

South Pasadena is middle-of-the-pack for Florida for rent, ranking #111 out of 291 tracked cities at $2,284/mo.

Which nearby cities are cheaper to rent in than South Pasadena?

Several nearby cities have lower median rents than South Pasadena ($2,284/mo): Saint Petersburg ($2,067/mo), Gulfport ($2,091/mo), Madeira Beach ($2,138/mo).

What percentage of South Pasadena residents rent vs. own?

According to Census data, approximately 44.2% of South Pasadena households are renters, while 55.8% are owner-occupied. South Pasadena leans toward homeownership, which can mean a smaller rental inventory.

How does South Pasadena rent compare to the national average?

South Pasadena's median rent of $2,284/mo is $322 (16%) above the US national median of $1,962/mo. Within Florida, it ranks #111 out of 291 tracked cities.
Income Affordability
52%
EXPENSIVE

At $2,284/mo, rent takes ~52% of South Pasadena's median household income ($53,075/yr). The standard benchmark is 30%.

South Pasadena 52%Benchmark 30%
State income taxNone
Run the South Pasadena affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near South Pasadena, FL

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