Rent in Okaloosa County, FL

HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,908 for a two-bedroom, up 6.9% from $1,785. A one-bedroom goes from $1,581 to $1,706, a studio from $1,362 to $1,421.

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.

HUD's Fair Market Rent for 2026 is $1,581 for a one-bedroom and $1,785 for a two-bedroom, utilities included. That is $21,420 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.

To keep a $1,785 two-bedroom at 30% of gross pay, one full-time worker needs $34.33 an hour, or $71,400 a year. A one-bedroom at $1,581 takes $30.40 an hour.

At HUD's 2026 Fair Market Rent: studio $1,362, one bedroom $1,581, two $1,785, three $2,448 and four $2,979 a month.

For the typical household, earning $81,998 a year ($6,833 a month, Census ACS), a two-bedroom at $1,785 takes 26.1% of income. Under 30% is the usual line for affordable; this is under it.

Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,785 × 12) ÷ 0.30 = $71,400. Divided by 2,080 working hours, that is $34.33 an hour.