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Valparaiso, FL Condo for Rent

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  • 205 Chicago Ave Unit 1, Valparaiso, FL 32580
    205 Chicago Ave Unit 1, Valparaiso, FL 32580
    205 Chicago Ave Unit 1, Valparaiso, FL 32580
    /11

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • 400 Sq Ft
    • Condo for Rent

    205 Chicago Ave Unit 1, Valparaiso, FL 32580

    Less than 5 minutes to Eglin AFB. Upstairs unit. New LVP in living room and bedroom. Enjoy the large covered patio, perfect for relaxation or entertaining. Electricity, Water, sewer, trash included. Immediate occupancy, call to see today!

    205 Chicago Ave Unit 1, Valparaiso, FL 32580
Florida Okaloosa County

Condos for Rent in Valparaiso, FL

Frequently Asked Questions

How much does it cost to rent a condo in Valparaiso, FL?
The median rent for a condo in Valparaiso, FL is $1,700 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Valparaiso, FL?
To comfortably afford the median rent in Valparaiso, FL, a household needs to earn roughly $86,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,150 per month in Valparaiso, FL, renters typically need to show $6,450 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Valparaiso, FL?
In Valparaiso, FL, the price-to-rent ratio is 15.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Valparaiso, FL are best for renting a condo?
The best neighborhood for renting in Valparaiso, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Bluewater Bay, Wright and Okaloosa Island, each with its own character and price range.

Condo Rental Trends in Valparaiso, FL

There are currently 1 condos available for rent in Valparaiso, FL. The median rent is $1,700 per month, with 1-bedroom condos renting at $1,200, 2-bedroom condos at $1,800 and 3-bedroom condos at $2,000.

Rental Home Trends

Number of Condos for Rent
1
Median Condo Rent
$1,700
Median 1 Bedroom Condo Rent
$1,200
Median 2 Bedroom Condo Rent
$1,800
Median 3 Bedroom Condo Rent
$2,000
How to Rent a Home

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