Ocean City, 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 Ocean City, Florida rental market.
Ocean City, Florida
Average Apartment Rent
$1,605
Y-o-Y Change in Average
Apartment Rent
0.8%
As of May 2026
Compared to a year ago, Ocean City, Florida apartments have recorded a 0.8% rent increase.
Ocean City, Florida Average apartment rent trend
Ocean City, Florida Average Apartment Rent
Ocean City, Florida Apartment rent ranges
At 48.33%, apartments priced $1,500 - $2,000 represent the bulk of Ocean City, Florida rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 1.86%.
Ocean City, Florida Housing tenure**
Renters take up 44% of Ocean City, Florida real estate, occupying a total of 1,182 units, while homeowners live in 1,509 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$46,980
Average household size of renter-occupied housing units**
2.21
Rental vacancy rate**
3%
Ocean City, Florida Renter-occupied housing units by no. of bedrooms**
There are 505 rentals in Ocean City, Florida with 2 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 7 units. Overall, the median number of rooms in Ocean City, Florida homes for rent is 4.
Ocean City, Florida Renter-occupied units by age of householder**
Most condos for rent in Ocean City, Florida are occupied by residents in the 25 - 34 years age group (44%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Ocean City, Florida Renter-occupied housing units by family type**
Ocean City, Florida Renter-occupied housing units by the presence of own children**
A total of 650 apartments for rent in Ocean City, Florida, or 55% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 361 units. All in all, the median size of a renter-occupied household in Ocean City, Florida is 2.21.
Ocean City, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Ocean City, Florida.
Ocean City, Florida Renter-occupied units by year structure built**
The highest share of Ocean City, Florida apartment rentals, namely 25% or 296 units, were Built 1990 - 1999, followed by those Built 1970 - 1979 (20%, 242 units), and the ones Built 2000 - 2009 (13%, 154 units).
Ocean City, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Ocean City, Florida renters (37%) moved in 2018 to 2020, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Ocean City, Florida condos for rent is 2019.
Ocean City, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Ocean City, Florida renters have 1 vehicle available per household, 45% of them have 2 vehicles available, and 5% have 3 vehicles available.
Ocean City, Florida Means of transportation to work of householders living in renter-occupied housing units**
Ocean City, 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 Ocean City, 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
