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City Report · FL

Treasure Island

Pop. 6,553·83rd most expensive in Florida·Treasure Island rents are up 10.8% over the past year
Median rent (all units)
$2,422/mo
Year-over-Year
+10.8%
Month-over-Month
+4.0%
vs US Median
+$460
Rising (Monthly)
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Most AffordableMost Expensive
Treasure Island · $2,422
More expensive than 77% of US cities · National median $1,962/mo
Affordability
33% of income
MODERATE
0%30% benchmark60%+

At $2,422/mo, rent takes about 33% of the local median household income, slightly above the 30% benchmark.

Income to afford
$97,000/yr
Local median income
$87,107/yr
Based on the 30%-of-income rule using Treasure Island's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$872
1 BR
$1,593
2 BR
$1,720
3 BR
$3,501
Fair Market Rent (HUD)
$1,720/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,422 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
$29,064/yr
At $2,422/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.8% YoY, +4.0% MoM), not inventory.
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Demographics

Who lives here

Treasure Island, FL is majority owner-occupied, has a large retiree population, 49.9% of residents hold a bachelor's degree or higher.

Population
6,553
Median income
$87,107
Median age
62.7
Renters
25.6%
Age distribution
17.5%
26.1%
43.4%
Under 183.5%
18–349.6%
35–5417.5%
55–6426.1%
65+43.4%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
92.5%
White92.5%
Black2.2%
Hispanic5.2%
Education (25+)
15.1%
32.4%
49.9%
No HS diploma2.5%
HS diploma15.1%
Some college32.4%
Bachelor's+49.9%
Housing tenure
74.4%
25.6%
Owner74.4%
Renter25.6%

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

2021 vs 2026

How Treasure Island, FL has changed in 5 years

Income
$79,491 → $87,107
up 9.6%
Population
6,620 → 6,553
down 1.0%
Renter share
24% → 25.6%
+1.6 pts
Bachelor's+
46.3% → 49.9%
+3.6 pts
Median age
61.5 → 62.7
+1.2 yrs

Census figures show median household income at $87,107 today, compared with $79,491 five years earlier. Headcount in the area went from 6,620 to 6,553 between 2021 and 2024, a 1.0% change. About 25.6% of households rent today, against 24% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 46.3% to 49.9%.

Community

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View Treasure Island rent history (2015–2026) →
Salary vs rent

Can you afford rent in Treasure Island on your salary?

At $2,422/mo, how Treasure Island rent compares to typical pay (30% rule).

By apartment size

Treasure Island rent by bedroom count

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

Local insights

Tips for renters in Treasure Island

About renting in Treasure Island, FL

Last updated: August 17, 2026

The median rent in Treasure Island is $2,422/mo as of August 2026. A studio apartment averages $872/mo while a 2-bedroom runs $1,720/mo. One-bedroom apartments average $1,593/mo and 3-bedroom units go for $3,501/mo.

At 33% of local median household income ($87,107/yr), Treasure Island ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.8% over the past year.

FAQ

Frequently asked questions

Is Treasure Island an affordable city for renters?

Treasure Island is considered moderate for renters. At $2,422/mo, rent takes approximately 33% of the local median household income ($87,107/yr). The standard benchmark is 30%. Treasure Island slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Treasure Island?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (~$47/hour full-time) to afford the median rent of $2,422/mo in Treasure Island. The local median household income is $87,107/yr, meaning the typical Treasure Island household falls short of that threshold.

Is rent going up or down in Treasure Island?

Rent in Treasure Island has increased 10.8% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Treasure Island rent compare to other cities in Florida?

Treasure Island is one of the pricier cities in Florida for rent, ranking #83 out of 291 tracked cities at $2,422/mo.

Which nearby cities are cheaper to rent in than Treasure Island?

Several nearby cities have lower median rents than Treasure Island ($2,422/mo): Gulfport ($2,091/mo), Madeira Beach ($2,138/mo), South Pasadena ($2,284/mo).

What percentage of Treasure Island residents rent vs. own?

According to Census data, approximately 25.6% of Treasure Island households are renters, while 74.4% are owner-occupied. Treasure Island leans toward homeownership, which can mean a smaller rental inventory.

How does Treasure Island rent compare to the national average?

Treasure Island's median rent of $2,422/mo is $460 (23%) above the US national median of $1,962/mo. Within Florida, it ranks #83 out of 291 tracked cities.
Income Affordability
33%
MODERATE

At $2,422/mo, rent takes ~33% of Treasure Island's median household income ($87,107/yr). The standard benchmark is 30%.

Treasure Island 33%Benchmark 30%
State income taxNone
Run the Treasure Island affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Treasure Island, FL

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