8 Cheap Apartments for rent in Fort Walton Beach, FL

Last updated January 20 at 5:06am UTC
416 Gerold Street Unit A
Fort Walton Beach
Fort Walton Beach, FL
Updated January 20 at 5:06am UTC
2 Bedrooms
$795
210 Pelham
Fort Walton Beach
Fort Walton Beach, FL
Updated January 19 at 9:09am UTC
1 Bedroom
$785
210 Pelham Road
Fort Walton Beach
Fort Walton Beach, FL
Updated January 18 at 9:54am UTC
2 Bedrooms
$795
696 Tyner Street
Fort Walton Beach
Fort Walton Beach, FL
Updated January 20 at 1:54am UTC
2 Bedrooms
$825
103 Doodle
Fort Walton Beach
Fort Walton Beach, FL
Updated January 12 at 9:32am UTC
2 Bedrooms
$795
6 Woodham Avenue
Fort Walton Beach
Fort Walton Beach, FL
Updated January 6 at 4:11am UTC
2 Bedrooms
$700
Results within 1 miles of Fort Walton Beach, FL
101 Old Ferry Rd Unit 4C
Shalimar
Shalimar, FL
Updated January 18 at 7:56pm UTC
1 Bedroom
$800
209 W Miracle Strip Parkway
Mary Esther
Mary Esther, FL
Updated January 19 at 1:28am UTC
1 Bedroom
$695
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January 2018 Fort Walton Beach Rent Report

Welcome to the January 2018 Fort Walton Beach Rent Report. Fort Walton Beach rents declined over the past month. In this report, we'll evaluate trends in the Fort Walton Beach rental market, including comparisons to cities throughout the state and nation.

View full Fort Walton Beach Rent Report
Rent Report
Fort Walton Beach

January 2018 Fort Walton Beach Rent Report

Welcome to the January 2018 Fort Walton Beach Rent Report. Fort Walton Beach rents declined over the past month. In this report, we'll evaluate trends in the Fort Walton Beach rental market, including comparisons to cities throughout the state and nation.

Fort Walton Beach rents declined over the past month

Fort Walton Beach rents have declined 1.0% over the past month, but are up sharply by 6.8% in comparison to the same time last year. Currently, median rents in Fort Walton Beach stand at $850 for a one-bedroom apartment and $1,000 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in October. Fort Walton Beach's year-over-year rent growth leads the state average of 3.7%, as well as the national average of 2.8%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Fort Walton Beach, but across the entire state. Of the largest 10 cities that we have data for in Florida, all of them have seen prices rise. The state as a whole logged rent growth of 3.7% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Pembroke Pines is the most expensive of all Florida's major cities, with a median two-bedroom rent of $2,380; of the 10 largest Florida cities that we have data for, all have seen rents rise year-over-year, with Port St. Lucie experiencing the fastest growth (+7.6%).
  • Orlando, Tampa, and St. Petersburg have all experienced year-over-year growth above the state average (6.8%, 6.2%, and 5.7%, respectively).

Fort Walton Beach rents more affordable than many large cities nationwide

As rents have increased sharply in Fort Walton Beach, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Fort Walton Beach is still more affordable than most large cities across the country.

  • Fort Walton Beach's median two-bedroom rent of $1,000 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 6.8% rise in Fort Walton Beach.
  • While Fort Walton Beach's rents rose sharply over the past year, the city of DC saw a decrease of 0.3%.
  • Renters will find more reasonable prices in Fort Walton Beach than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than three times the price in Fort Walton Beach.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.