Cedar Key renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Cedar Key is about $791 per month. This puts it in the 18th percentile compared to the state average cost of rent, which is $1,453. Households in Cedar Key have a median income of $3,657 per month so the average renter in Cedar Key is spending roughly 22% of their earnings on housing.
Nationally, and in Cedar Key, home values are the data point most closely correlated with the cost of rent. The median price of a home in Cedar Key is $132,997 right now, which is lower than nearby cities, meaning that rents in Cedar Key also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Cedar Key while lower rent rates are often available in northeastern areas.
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