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RentData.org Logo West Palm Beach-Boca Raton Fair Market Rent FY 2014 West Palm Beach-Boca Raton, FL HUD Metro FMR Area Rental Data

Fair Market Rent Prices in West Palm Beach-Boca Raton, FL :
$750 $962 $1,202 $1,623 $1,938
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 50th Percentile Metro Area

Fair Market Rent prices in West Palm Beach-Boca Raton are very high compared to the national average. This FMR area is more expensive than 98% of other FMR areas. Fair Market Rent for a two-bedroom apartment in West Palm Beach-Boca Raton is $1,202 per month.

The previous year, rent for a two-bedroom home was $1,183 per month. This is a 1.61% increase year-over-year.

This FMR rate applies to Lake Harbor, FL, Greenacres, FL, Royal Palm Beach, FL, South Bay, FL, Pahokee, FL, Palm Beach, FL, Jupiter, FL, North Palm Beach, FL, Belle Glade, FL, Loxahatchee, FL and other cities within the region. The Metro Code or CBSA code for this region is METRO33100MM8960.

Additionally, This Fair Market Rent (FMR) area West Palm Beach-Boca Raton, FL HUD Metro FMR Area spans one county or city in Florida which is listed in the table below. Estimated population of West Palm Beach-Boca Raton, FL HUD Metro FMR Area FMR area is 1,320,134 people based on latest Census data.

Compared to the rest of Florida, the West Palm Beach-Boca Raton FMR area is more expensive than 96% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in West Palm Beach-Boca Raton. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in West Palm Beach-Boca Raton

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 750
1-BR 1-Bedroom $ 962
2-BR 2-Bedroom $ 1202
3-BR 3-Bedroom $ 1623
4-BR 4-Bedroom $ 1938
Change Year:
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the West Palm Beach-Boca Raton, FL HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: West Palm Beach - Ft. Pierce.

County / Region Est. Population
West Palm Beach-Boca Raton, FL Metro 1,320,134
Zip Codes in West Palm Beach-Boca Raton, FL HUD Metro FMR Area

There are 71 unique zip codes in this Fair Market Rent (FMR) area:

33401, 33402, 33403, 33404, 33405, 33406, 33407, 33408, 33409, 33410, 33411, 33412, 33413, 33414, 33415, 33416, 33417, 33418, 33419, 33420, 33421, 33422, 33424, 33425, 33426, 33427, 33428, 33429, 33430, 33431, 33432, 33433, 33434, 33435, 33436, 33437, 33444, 33445, 33446, 33448, 33449, 33454, 33459, 33460, 33461, 33462, 33463, 33464, 33465, 33466, 33467, 33468, 33470, 33472, 33473, 33474, 33476, 33477, 33480, 33481, 33482, 33483, 33484, 33486, 33487, 33488, 33493, 33496, 33497, 33498 and 33499

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