RentData

Average Rent in Putnam County, FL Rents rising 9.3% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 74,235

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Putnam County, FL has rental prices ranging from $754/month to $1,321/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $759/month — 46% below the national average of $1,400/month. With a median household income of $47,256/year, spending $759/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Putnam County Compares

With an average 2-bedroom rent of $996/month, Putnam County ranks #38 most expensive of the 54 cities tracked in Florida — pricier than 64% of all US cities in our data.

The Putnam County Rental Market

The Putnam County, FL area has a population of about 74,235 and 27% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Putnam County, FL have risen by $85/month (9.3%) over the past year, from $911 to $996. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Putnam County, FL without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,360. The local median household income of $47,256 exceeds that threshold by $16,896, making Putnam County relatively accessible compared to local wages.

Economy & Jobs

Putnam County, FL has an unemployment rate of 5.8%, 1.9 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2025
Studio
$754
Affordable
1 Bedroom
$759
Affordable
2 Bedrooms
$996
9.3% YoY
Affordable
3 Bedrooms
$1,263
Average
4 Bedrooms
$1,321
Average
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Is Putnam County, 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
$39,840/year
Local median income: $47,256
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $996/month and 20% down on a 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 Putnam County?

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

Should I Rent or Buy?

Break-even analysis using real Putnam County data

$
Home Value
$350,000
2BR Rent
$996/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 4 years — worth it if you stay 4+ years.

Total monthly buy cost: $2,577/movs rent: $996/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Putnam County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Putnam County

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💵Rent Affordability in Putnam County

Salary needed to afford rent here

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📋FL Tenant Rights

Deposit limits, eviction laws & renters protections