Average Rent in Okaloosa, FL

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Current Versus Historical Okaloosa, FL Rents

Okaloosa rentals average $0 for a studio rental to $2,338 for a 4-bedroom rental. The median price of all currently available listings is $2,000, or roughly $1 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $606 (50.73%) year-over-year from $1,194 to $1,800. 1-bedroom rentals prices have increased by $209 (15.90%) year-over-year from $1,316 to $1,525. 2-bedroom rentals prices have increased by $25 (1.59%) year-over-year from $1,575 to $1,600. 3-bedroom rentals prices have increased by $5 (0.24%) year-over-year from $2,120 to $2,125. 4-bedroom rentals prices have decreased by $196 (-7.73%) year-over-year from $2,533 to $2,338. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 11.34% this month. 1-bedroom rents have gone up by 3.98% this month. 2-bedroom rents have gone up by 2.35% this month. 3-bedroom rents have gone up by 4.08% this month. 4-bedroom rents have gone down by 1.37% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $2.13 $1,525 $1,316 (15.90%) $1,088 (40.12%)
2 BR $1.47 $1,600 $1,575 (1.59%) $1,277 (25.33%)
3 BR $1.41 $2,125 $2,120 (0.24%) $1,843 (15.28%)
4+ BR $1.11 $2,338 $2,533 (-7.73%) $2,167 (7.88%)

Historical Rents in Okaloosa, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Okaloosa

There are a total of 1 cities nearby Okaloosa. The average rent in Okaloosa is currently $2,000 per month. Only one city nearby has an average rent lower than that. Our records show that Pensacola, FL, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Okaloosa, FL is Pensacola, FL. Monthly rents here are on average $2,000 per month.

Let's compare Okaloosa, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 15.77% more expensive. Two bedrooms in Okaloosa, FL are about 10.78% more affordable. Finally, rent for three bedrooms are about 5.26% more affordable. Want more information? Check out the top 1 cities near Okaloosa, FL in the following chart.
City Studio 1 Bed 2 Bed All
Pensacola, FL N/A $1,175 $1,773 $2,000

Top Neighborhoods Near Okaloosa



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Okaloosa

The average rent for rentals in these counties is $1,925. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Fort Walton Beach, FL. It's average rent per month is $1,925. Vice versa, with an average rent of $1,925, Fort Walton Beach, FL is the most expensive county by Okaloosa, FL.

In comparison, rent for one bedroom listings in Okaloosa, FL is on par with the other counties nearby. Finally, rent for two bedrooms in Okaloosa, FL is on par with the other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Fort Walton Beach, FL N/A $1,395 $1,600 $1,925

Top Zipcodes Near Okaloosa



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Okaloosa Average Rents

What is the average rent price in Okaloosa, FL?
The average monthly rental price for Okaloosa, FL apartments for rent is approximately $2,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Okaloosa, FL rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Okaloosa, FL.
How much is a studio apartment in Okaloosa, FL?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in Okaloosa.
How much is a one bedroom apartment in Okaloosa, FL?
The average monthly rental price for one bedroom apartments is $1,395 and an average price per square feet of $2.13. There are a total of 7 one bedroom apartment listings currently available for rent in Okaloosa.
How much is a two bedroom apartment in Okaloosa, FL?
The average monthly rental price for two bedroom apartments is $1,600 and an average price per square feet of $1.47. There are a total of 30 two bedroom apartment listings currently available for rent in Okaloosa.
How have rent prices in Okaloosa, FL changed this year?
Rent prices for rentals in Okaloosa, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.51%, one bedroom rental prices have changed by 0.16%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in Okaloosa, FL?
A reasonable rent price in Okaloosa, FL is around $1,600/month. You can search for these reasonably priced rental listings on RentHop.
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