RentData

Average Rent in Crestview, FL Rents rising 2.9% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 294,127

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Crestview, FL has rental prices ranging from $1,218/month to $2,638/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,398/month, near the national average. With a median household income of $79,150/year, spending $1,398/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Crestview Compares

With an average 2-bedroom rent of $1,571/month, Crestview ranks #18 most expensive of the 54 cities tracked in Florida — pricier than 93% of all US cities in our data.

The Crestview Rental Market

The Crestview, FL area has a population of about 294,127 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Crestview, FL have risen by $45/month (2.9%) over the past year, from $1,526 to $1,571. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Crestview, FL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $55,920. The local median household income of $79,150 exceeds that threshold by $23,230, making Crestview relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Crestview, FL is $291,027, giving a price-to-rent ratio of 15.4. The break-even point between renting and buying is roughly 15 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Fair Market Rents

HUD FY2025
Studio
$1,218
Affordable
1 Bedroom
$1,398
Affordable
2 Bedrooms
$1,571
2.9% YoY
Affordable
3 Bedrooms
$2,184
Average
4 Bedrooms
$2,638
Average
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Median Home Value
$291,027
Source: Zillow ZHVI
Est. monthly payment
$1,549/mo
20% down · 30yr · 7%

Is Crestview, FL Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$62,840/year
Local median income: $79,150
To buy a median home
$61,959/year
US national median: $75,000
💡 Based on a 2BR rent of $1,571/month and 20% down on a $291,027 home at 7% rate.

Nearby Cities in FLlargest metros in the state

CityStudio1BR2BR3BRHome Value
West Palm Beach$1,639$1,830$2,187$2,856
Miami$1,711$1,898$2,329$3,008
Fort Lauderdale$1,768$1,929$2,388$3,297
Tampa$1,566$1,686$1,978$2,533
Orlando$1,636$1,727$1,958$2,486
Jacksonville$1,381$1,454$1,730$2,163

Rent or Buy in Crestview?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Crestview data

$
Home Value
$291,027
2BR Rent
$1,571/mo
Mortgage Rate
7%
Monthly P&I
$1,549/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,143/movs rent: $1,571/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $291,027 home at 7% rate

20% — $58,205
3%50%
Estimated Monthly Payment
$1,549
per month · 30 years · 7% APR
Loan Amount
$232,822
Total Paid
$557,628
Total Interest
$324,806
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Crestview

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🏘️Neighborhoods in Crestview

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⚖️Rent vs Buy in Crestview

Is it cheaper to rent or buy here?

💵Rent Affordability in Crestview

Salary needed to afford rent here

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