Somerset Oceanside Apartments
940 Santa Rosa Blvd,
Fort Walton Beach, FL 32548
1-2 Beds | $1,865 - $2,300
Rental Market Trends in Fort Walton Beach, FL
Updated August 2026
The average rent in Fort Walton Beach, FL is $1,443/month.
Rent in Fort Walton Beach is roughly equal to the national average rent of of $1,664/month.
$1,443/month
Average Rent
694 Sq Ft
Average Size
+1.1%
Change / Year
357
Available Apartments
Fort Walton Beach rent varies by unit size and layout:
- Studio apartments in Fort Walton Beach average $833 per month.
- One-bedroom apartments in Fort Walton Beach average $1,443 per month.
- Two-bedroom apartments in Fort Walton Beach average $1,581 per month.
- Three-bedroom apartments in Fort Walton Beach average $2,048 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Fort Walton Beach, FL?
In the past year, rent has increased by 1.1%, which averages out to $16 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Fort Walton Beach, FL
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
27%
$700 - $1,000/month
35%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Fort Walton Beach?
Based on current rent prices, Ocean City, Wright and Santa Rosa Island are the most affordable neighborhoods in Fort Walton Beach.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Fort Walton Beach?
Based on current rent prices, Santa Rosa Island, Wright and Ocean City are the most expensive neighborhoods in Fort Walton Beach.
Neighborhood
Average Rent
Average 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, Santa Rosa Island and Ocean City .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Fort Walton Beach, FL?
Because the average rent in Fort Walton Beach is $1,443, you’ll want to make about $4,810 per month or $57,720 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.
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.
View the Fort Walton Beach Area GuideStudio
-
$657/month
One Bedroom
$1,206/month
$1,764/month
Two Bedroom
$1,386/month
$1,949/month
Three Bedroom
$1,286/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Fort Walton Beach We Think You'll Love
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Frequently Asked Questions
What is the average rent in Fort Walton Beach?
The average rent in Fort Walton Beach is $1,443 per month, which is 13.3% lower than the national average of $1,664.
What is the average rent for a house in Fort Walton Beach?
The average rent for a house in Fort Walton Beach, FL is $2,181 per month.
What is the average rent for a townhome in Fort Walton Beach?
The average rent for a townhome in Fort Walton Beach, FL is $1,868 per month.
What is the average rent for a condo in Fort Walton Beach?
The average rent for a condo in Fort Walton Beach, FL is $1,488 per month.
Are rents going up or down in Fort Walton Beach?
Rents in Fort Walton Beach, FL are increasing, with prices up 1.1% year-over-year and $16 more per month.
What rent range is most common in Fort Walton Beach?
In Fort Walton Beach, FL, 35% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.