Rents are 10% below what The Hammocks's 10-year trend predicts — a better deal than its own history suggests.
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 $2,460 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
March. Asking rents in The Hammocks usually run 0.4% below trend in March and 0.6% above it in October, about $25 a month apart at today's median. Based on 11 years of data.
Rent in The Hammocks is 0.6% below its high of $2,474 in June 2024, at $2,460 as of September 2026.
Rent in The Hammocks changed +1.2% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in The Hammocks rose 53.6% while median household income rose 22.3% ($70,014 to $85,628). Rent outpaced income.
Rent in The Hammocks is 50.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($85,628) is $2,141 a month. That is less than HUD's Fair Market Rent for a studio ($2,170).
Opa-locka, 23 miles away, rents for 22% less ($1,931/mo), about $6,300 a year in savings.
From Zillow's monthly rent index (ZORI) for The Hammocks. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. 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
The Hammocks, FL is majority owner-occupied, 37.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How The Hammocks, FL has changed in 5 years
Since 2021, the typical rent in The Hammocks, FL has increased from $1,684 to $2,460, a 46.1% change over five years. Median household income rose from $73,597 to $85,628 between 2021 and 2024, a 16.3% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 4.3% since 2021, moving from about 61,461 residents to roughly 58,838. College-educated residents now make up 37.9% of adults here, versus 35.9% in 2021. Taken together, the five-year picture in The Hammocks, 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 $2,460/mo, how The Hammocks rent compares to typical pay (30% rule).
The Hammocks rent by bedroom count
Median rent for each apartment size in The Hammocks. Click any size for full breakdown.
Tips for renters in The Hammocks
Last updated: October 17, 2026
The median rent in The Hammocks is $2,460/mo as of October 2026. A studio apartment averages $2,170/mo while a 2-bedroom runs $2,960/mo. One-bedroom apartments average $2,410/mo and 3-bedroom units go for $3,820/mo.
At 34% of local median household income ($85,628/yr), The Hammocks ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than The Hammocks?
At $2,460/mo, rent takes ~34% of The Hammocks's median household income ($85,628/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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