Rent Tracker
Rent Inflation in Crestview, FL
The average asking rent in Crestview, FL is $1,984/month as of 2026-08. That is +2.5% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,984/mo
as of 2026-08
Year-over-Year Change
+2.5%
24-Month Rent Trend
Monthly ZORI index values for Crestview, FL.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,984 | +0.56% |
| 2026-07 | $1,973 | -1.10% |
| 2026-06 | $1,995 | +0.30% |
| 2026-05 | $1,989 | +0.61% |
| 2026-04 | $1,977 | +2.12% |
| 2026-03 | $1,936 | +0.47% |
| 2026-02 | $1,927 | +0.52% |
| 2026-01 | $1,917 | -0.05% |
| 2025-12 | $1,918 | +0.05% |
| 2025-11 | $1,917 | -0.31% |
| 2025-10 | $1,923 | -0.26% |
| 2025-09 | $1,928 | -0.36% |
| 2025-08 | $1,935 | -0.26% |
| 2025-07 | $1,940 | -0.31% |
| 2025-06 | $1,946 | +0.05% |
| 2025-05 | $1,945 | +0.00% |
| 2025-04 | $1,945 | +0.26% |
| 2025-03 | $1,940 | +0.88% |
| 2025-02 | $1,923 | +0.68% |
| 2025-01 | $1,910 | +0.53% |
| 2024-12 | $1,900 | -0.37% |
| 2024-11 | $1,907 | -0.47% |
| 2024-10 | $1,916 | -0.73% |
| 2024-09 | $1,930 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices