Somerset Oceanside Apartments
940 Santa Rosa Blvd,
Fort Walton Beach, FL 32548
1-2 Beds | $1,850 - $2,300
Rental Market Trends in Fort Walton Beach, FL
What is the average rent in Fort Walton Beach, FL?
$1,459/month
Average Rent
703 Sq Ft
Average Apartment Size
+3.7%
Increase in the Last Year
As of December 2024, the average rent in Fort Walton Beach, FL is $1,459 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Fort Walton Beach rent prices are 6% lower than the national average. When you rent an apartment in Fort Walton Beach, you can expect to pay about $778 per month for a studio, $1,459 for a one-bedroom apartment, and around $1,632 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,310 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Fort Walton Beach, FL?
In the past year, rent has increased by 3.7%, which averages out to $55 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Fort Walton Beach, FL
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
18%
Below $700/month
29%
$700 - $1,000/month
23%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Fort Walton Beach?
Based on current rent prices, Ocean City, Santa Rosa Island and Wright 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, Wright, Santa Rosa Island 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 $1,459, you’ll want to make about $4,863 per month or $58,356 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.
Studio
-
$827/month
One Bedroom
$1,094/month
$1,488/month
Two Bedroom
$1,344/month
$1,618/month
Three Bedroom
$1,328/month
$2,332/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.