Rent in Monroe County, FL at a glance
2-bedroom rent (HUD)
$2,504$30,048 a year · HUD fiscal year 2026From October 1, 2026: $2,254 (−10%)How much rent can you afford in Monroe County, FL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Monroe County, FL by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,726 | $20,712 | $69,040 | $33.19/hr |
| 1 bedroom | $2,211 | $26,532 | $88,440 | $42.52/hr |
| 2 bedroomsMost searched | $2,504 | $30,048 | $100,160 | $48.15/hr |
| 3 bedrooms | $3,303 | $39,636 | $132,120 | $63.52/hr |
| 4 bedrooms | $3,315 | $39,780 | $132,600 | $63.75/hr |
Cost of living in Monroe County, FL: income, prices and a budget →
Living and working in Monroe County, FL
Rent in Monroe County, FL: common questions
How much is rent going down in Monroe County, FL in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $2,254 for a two-bedroom, down 10% from $2,504. A one-bedroom goes from $2,211 to $1,990, a studio from $1,726 to $1,554.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Monroe County, FL?
HUD's Fair Market Rent for 2026 is $2,211 for a one-bedroom and $2,504 for a two-bedroom, utilities included. That is $30,048 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Monroe County, FL?
To keep a $2,504 two-bedroom at 30% of gross pay, one full-time worker needs $48.15 an hour, or $100,160 a year. A one-bedroom at $2,211 takes $42.52 an hour.
How much is a 1, 2 or 3-bedroom apartment in Monroe County, FL?
At HUD's 2026 Fair Market Rent: studio $1,726, one bedroom $2,211, two $2,504, three $3,303 and four $3,315 a month.
Is rent affordable in Monroe County, FL?
For the typical household, earning $87,738 a year ($7,312 a month, Census ACS), a two-bedroom at $2,504 takes 34.2% of income. Under 30% is the usual line for affordable; this is over it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($2,504 × 12) ÷ 0.30 = $100,160. Divided by 2,080 working hours, that is $48.15 an hour.