Monroe County, FL

2024 Fair Market Rents

Tags: 2024 40th percentile Florida

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The top four largest cities in Monroe County are Key West, Key Largo, Marathon, and Summerland Key. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Monroe County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Monroe County uses 40th percentile Fair Market Rents.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Monroe County compare?

Monroe County ($2,139) has a 57.4% higher FMR for 2-Bedroom housing than the average of Florida ($1,359) and therefore a higher gross rent.

Monroe County is rank 3rd out of 67 counties. This means the FMRs, or in other words, the gross rent is higher than 64 other counties. Monroe County is the 3rd most expensive county in terms of FMRs.

Rent Tables Monroe County, FL

Fair Market Rent (40th Percentile)

$1,556
studio
$1,730
1-Bedroom
$2,139
2-Bedroom
$2,812
3-Bedroom
$3,426
4-Bedroom

Median Rent (50th Percentile)

$1,744
studio
$1,939
1-Bedroom
$2,398
2-Bedroom
$3,153
3-Bedroom
$3,841
4-Bedroom

Fair Market Rents on this page apply to the following cities in Monroe County, Florida: Key West, Key Largo, Marathon, Summerland Key, Tavernier, Big Pine Key, Islamorada, Key Colony Beach, Long Key, and Marathon Shores.

These Fair Market Rents also apply to the following ZIP codes in Monroe County, Florida: 33040, 33037, 33050, 33042, 33070, 33043, 33036, 33041, 33045, 33051, 33001, and 33052.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.