Fort Walton Beach, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Fort Walton Beach, Florida rental market.
Fort Walton Beach, Florida
Average Apartment Rent
$1,588
Y-o-Y Change in Average
Apartment Rent
-2.7%
As of March 2026
Compared to a year ago, Fort Walton Beach, Florida apartments have recorded a -2.7% rent decrease.
Fort Walton Beach, Florida Average apartment rent trend
Fort Walton Beach, Florida Average Apartment Rent
Fort Walton Beach, Florida Apartment rent ranges
At 46.39%, apartments priced $1,500 - $2,000 represent the bulk of Fort Walton Beach, Florida rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 1.84%.
Fort Walton Beach, Florida Housing tenure**
Renters take up 39% of Fort Walton Beach, Florida real estate, occupying a total of 3,455 units, while homeowners live in 5,385 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$44,862
Average household size of renter-occupied housing units**
2.35
Rental vacancy rate**
7.3%
Fort Walton Beach, Florida Renter-occupied housing units by no. of bedrooms**
There are 1,133 rentals in Fort Walton Beach, Florida with 2 beds making up the highest share of the market, at 33%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 138 units. Overall, the median number of rooms in Fort Walton Beach, Florida homes for rent is 4.1.
Fort Walton Beach, Florida Renter-occupied units by age of householder**
Most condos for rent in Fort Walton Beach, Florida are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Fort Walton Beach, Florida Renter-occupied housing units by family type**
Fort Walton Beach, Florida Renter-occupied housing units by the presence of own children**
A total of 1,617 apartments for rent in Fort Walton Beach, Florida, or 47% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 1,109 units. All in all, the median size of a renter-occupied household in Fort Walton Beach, Florida is 2.35.
Fort Walton Beach, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Fort Walton Beach, Florida.
Fort Walton Beach, Florida Renter-occupied units by year structure built**
The highest share of Fort Walton Beach, Florida apartment rentals, namely 20% or 696 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (20%, 692 units), and the ones Built 1980 - 1989 (17%, 604 units).
Fort Walton Beach, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Fort Walton Beach, Florida renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Fort Walton Beach, Florida condos for rent is 2017.
Fort Walton Beach, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Fort Walton Beach, Florida renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 11% have No vehicle available.
Fort Walton Beach, Florida Means of transportation to work of householders living in renter-occupied housing units**
Fort Walton Beach, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Fort Walton Beach, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
