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Rental Market Trends in Fort Walton Beach, FL

What is the average rent in Fort Walton Beach, FL?

$1,425/month

Average Rent

700 Sq Ft

Average Apartment Size

-2.1%

Decrease in the Last Year

As of September 2025, the average rent in Fort Walton Beach, FL is $1,425 per month. For comparison, the national average rent price in the US is currently $1,639/month, which means Fort Walton Beach rent prices are 13% lower than the national average. When you rent an apartment in Fort Walton Beach, you can expect to pay about $873 per month for a studio, $1,425 for a one-bedroom apartment, and around $1,625 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,067 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$873/month
299 Sq Ft
One Bedroom
$1,425/month
700 Sq Ft
Two Bedroom
$1,625/month
1,027 Sq Ft
Three Bedroom
$2,067/month
1,426 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,557/month
844 Sq Ft
Three Bedroom
$2,151/month
1,511 Sq Ft
Four Bedroom
$2,609/month
2,003 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,658/month
760 Sq Ft
Two Bedroom
$1,873/month
876 Sq Ft
Three Bedroom
$2,835/month
1,538 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,458/month
494 Sq Ft
Two Bedroom
$1,737/month
1,130 Sq Ft
Three Bedroom
$1,983/month
1,495 Sq Ft

How much has average rent changed in Fort Walton Beach, FL?

In the past year, rent has decreased by 2.1%, which averages out to $30 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Fort Walton Beach, FL
Last Updated September 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Fort Walton Beach, FL
Percentage*
Rent Range
17% Below $700/month
23% $700 - $1,000/month
32% $1,001 - $1,500/month
22% $1,501 - $2,000/month
7% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Fort Walton Beach?

Based on current rent prices, Ocean City and Wright" are the most affordable neighborhoods in Fort Walton Beach.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Ocean City
$1,358/month
711 Sq Ft
Wright
$1,595/month
725 Sq Ft

What are the most expensive neighborhoods in Fort Walton Beach?

Based on current rent prices, Wright and Ocean City" are the most expensive neighborhoods in Fort Walton Beach.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wright
$1,595/month
725 Sq Ft
Ocean City
$1,358/month
711 Sq Ft

Which Fort Walton Beach neighborhoods have the most rentals available?

The neighborhoods in Fort Walton Beach with the most apartments available are Wright and Ocean City" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Wright
$1,595/month
725 Sq Ft
Ocean City
$1,358/month
711 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Fort Walton Beach, FL?

Because the average rent in Fort Walton Beach is $1,425, you’ll want to make about $4,750 per month or $57,000 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Fort Walton Beach, FL

432 Available Apartments for Rent

Search for Nearby Apartments

How does Fort Walton Beach, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Fort Walton Beach, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Fort Walton Beach, FL

Apartment Averages

Ocean City

Fort Walton Beach, FL

Wright

Fort Walton Beach, FL

Studio
-
$872/month
One Bedroom
$1,192/month
$1,425/month
Two Bedroom
$1,411/month
$1,590/month
Three Bedroom
$1,271/month
$2,108/month
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Nearby City Rent Trends

  • Mary Esther Average Rent
  • Shalimar Average Rent
  • Valparaiso Average Rent
  • Destin Average Rent

Apartment communities in Fort Walton Beach we think you'll love

Zatitude at Freedom Tech Center

Zatitude at Freedom Tech Center

500 Liberty Ln NW,
Fort Walton Beach, FL 32547

$1,799 - $2,913

1-3 Beds

Somerset Oceanside Apartments

Somerset Oceanside Apartments

940 Santa Rosa Blvd,
Fort Walton Beach, FL 32548

$1,850 - $2,475

1-2 Beds

Colony House

Colony House

941 Pocahontas Dr,
Fort Walton Beach, FL 32547

$1,410 - $1,700

1-3 Beds

Crosswinds Apartments

Crosswinds Apartments

1500 Lewis Turner Blvd,
Fort Walton Beach, FL 32547

$1,595 - $1,895

1-3 Beds

Property Management Companies in Fort Walton Beach, FL

RAM Partners
RAM Partners
  • 294

    Communities

  • 76,700

    Units

  • 169

    Cities

2 Communities in Fort Walton Beach
Greystar
Greystar
  • 3,321

    Communities

  • 924,612

    Units

  • 855

    Cities

1 Community in Fort Walton Beach
Sunridge Management Group Inc
Sunridge Management Group Inc
  • 90

    Communities

  • 16,546

    Units

  • 64

    Cities

1 Community in Fort Walton Beach
Hallmark
Hallmark
  • 16

    Communities

  • 2,526

    Units

  • 12

    Cities

1 Community in Fort Walton Beach

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United States Florida Fort Walton Beach Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity