Average Rent in West Palm Beach-Boca Raton, FL
The Fair Market Rent for a 2-bedroom in West Palm Beach-Boca Raton, FL is $2,254 per month, based on HUD data. With a median household income of $73,481, a household would spend 36.8% of income on housing at Fair Market Rent. Rent has increased 1.3% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,788 |
| 1 Bedroom | $1,901 |
| 2 Bedroom | $2,254 |
| 3 Bedroom | $2,920 |
| 4 Bedroom | $3,388 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $73,481 |
| Rent Burden (2BR FMR / Income) | 36.8% |
| Income Needed for 2BR (30% rule) | $90,160/yr |