What is the Fair Market Rent in Key Biscayne, FL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 33149, which covers Key Biscayne, is $3,660 a month.

Across the whole Miami-Miami Beach-Kendall, FL HUD Metro FMR Area the two-bedroom figure is $2,564.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $2,564
2 bedrooms, ZIP 33149: $3,660

Fair Market Rents for Key Biscayne, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Miami-Miami Beach-Kendall, FL HUD Metro FMR Area (whole area)	$1,953	$2,121	$2,564	$3,277	$3,749	—
ZIP 33149 (27% of the ZIP’s land is in this place)	$2,780	$3,030	$3,660	$4,680	$5,350	$3,500 or more

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Key Biscayne

What is the Section 8 payment standard in Key Biscayne?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area is $2,564, and the Small Area figure for 33149 is $3,660.

What is the Fair Market Rent for a two-bedroom in ZIP 33149?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 33149 is $3,660 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $3,500 or more.

What is the Fair Market Rent for a one-bedroom in Key Biscayne?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 33149 is $3,030 a month, against $2,121 across the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.