Housing in Monroe County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Monroe County averages $1,999/month for a 2‑bedroom in 2024, compared to the Florida median of $1,669 and the national median of $1,413. Local renters spend approximately 37% of household income on rent, above the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Monroe County FMR Area are $1,966 for a studio, $2,519 for 1‑bedroom, $2,852 for 2‑bedroom, $3,762 for 3‑bedroom, and $3,776 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $853 increase for a 2-bedroom in Monroe County shows a 43% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Monroe County was 2.3% in 2024, compared to Florida at 3.4% and the national rate of 4.0%.

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Towns near Marathon Shores

City
County
State
Miles
Miami-Dade
FL
0.0
Miami-Dade
FL
4.5
Miami-Dade
FL
4.8
Miami-Dade
FL
7.7
Miami-Dade
FL
8.8
Miami-Dade
FL
11.0
Miami-Dade
FL
12.7
Miami-Dade
FL
20.0
Monroe
FL
49.9
Monroe
FL
56.3
Monroe
FL
64.3
Monroe
FL
74.8
Monroe
FL
88.1
Monroe
FL
88.5
Monroe
FL
89.7
Monroe
FL
103.8
Monroe
FL
105.9
Monroe
FL
110.9
Monroe
FL
114.4

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