Logo Monroe County Fair Market Rent FY 2023 Monroe County, FL Rental Data

Fair Market Rent Prices in Monroe County, FL :
$1,497 $1,597 $2,023 $2,569 $3,433
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Non-Metro

Fair Market Rent prices in Monroe County are very high compared to the national average. This FMR area is more expensive than 99% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Monroe County is $2,023 per month.

The previous year, rent for a two-bedroom home was $1,759 per month. This is a 15.01% increase year-over-year.

This FMR rate applies to Long Key, FL, Marathon Shores, FL, Key Colony Beach, FL, Islamorada, FL, Big Pine Key, FL, Tavernier, FL, Summerland Key, FL, Marathon, FL, Key Largo, FL, Key West, FL and other cities within the region. The Metro Code or CBSA code for this region is NCNTY12087N12087.

Additionally, This Fair Market Rent (FMR) area Monroe County, FL spans one county or city in Florida which is listed in the table below. Estimated population of Monroe County, FL FMR area is 75,137 people based on latest Census data.

Compared to the rest of Florida, the Monroe County FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Monroe County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Monroe County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1662
1-BR 1-Bedroom $ 1773
2-BR 2-Bedroom $ 2246
3-BR 3-Bedroom $ 2853
4-BR 4-Bedroom $ 3811
Change Year:

There is just one county (listed below) within the Monroe County, FL FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Miami - Ft. Lauderdale.

County / Region Est. Population
Monroe County, FL 75,137
Zip Codes in Monroe County, FL

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

33001, 33036, 33037, 33040, 33041, 33042, 33043, 33045, 33050, 33051, 33052 and 33070

Lookup Fair Market Rent by Zip Code