At $4,250/mo, rent takes about 40% of the local median household income, slightly above the 30% benchmark.
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 $4,250 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: June 22, 2026
What the numbers show
30% of the median household income ($128,822) is $3,221 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,160); a 4-bedroom is $3,390.
From Zillow's monthly rent index (ZORI) for Southold. 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
Southold, NY is majority owner-occupied, has a large retiree population, has a median income above the national average, 54.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Southold, NY has changed in 5 years
Median household income grew from $96,792 to $128,822 between 2021 and 2024, a 33.1% shift. Headcount in the area went from 6,700 to 6,397 between 2021 and 2024, a 4.5% change. About 17.8% of households rent today, against 16.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 50.9% to 54.3%.
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At $4,250/mo, how Southold rent compares to typical pay (30% rule).
Southold rent by bedroom count
Median rent for each apartment size in Southold. Click any size for full breakdown.
Tips for renters in Southold
Last updated: June 22, 2026
The median rent in Southold is $4,250/mo as of June 2026. A studio apartment averages $1,740/mo while a 2-bedroom runs $2,440/mo. One-bedroom apartments average $2,110/mo and 3-bedroom units go for $3,160/mo.
At 40% of local median household income ($128,822/yr), Southold ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Southold?
How does Southold rent compare to other cities in New York?
Which nearby cities are cheaper to rent in than Southold?
At $4,250/mo, rent takes ~40% of Southold's median household income ($128,822/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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