1. Home
  2. Florida
  3. Palm Bay
  4. Renter Market Trends

Rental market trends in Palm Bay, FL

Please reach out to press@rent.com for any media inquiries regarding this data.

Average Rent in Palm Bay, FL

Average Rent in Palm Bay, FL

Avg. RentAnnual Change
Studio - $950-
1 Bed - $1,385-7%
2 Beds - $1,322+10%
Last updated 2/25/2024

Average Apartment Cost in Palm Bay, FL

The average rent for apartments in Palm Bay, FL, is between $950 and $1,385 in 2024. For a studio apartment in Palm Bay, FL, the average rent is $950. When it comes to 1-bedroom apartments, the average rent in Palm Bay, FL, is $1,385. For a 2-bedroom apartment, the average rent is $1,322.

Apartment Rent Ranges in Palm Bay, FL

Apartment PricesProportion
0%
0%
11%
55%
33%

How Other Cities Compare to Palm Bay, FL

CityStudio Avg RentAnnual Change
West Melbourne$1,800-22%
Cocoa$1,607+66%
Melbourne$1,595-25%
Cape Canaveral$1,300--
Satellite Beach$1,1250%
Titusville$7350%
City1 Bed Avg RentAnnual Change
Vero Beach$2,054+6%
Cocoa$1,757+62%
Melbourne$1,726-3%
Fort Pierce$1,650+18%
West Melbourne$1,581-3%
Rockledge$1,500--
Saint Cloud$1,395+16%
Cocoa Beach$1,300--
Satellite Beach$1,2870%
Cape Canaveral$1,200--
Merritt Island$1,050--
Titusville$930-2%
Fellsmere$800--
City2 Beds Avg RentAnnual Change
Indian River Shores$3,000--
Cocoa Beach$2,700+50%
Sebastian$2,400--
Vero Beach$2,335+37%
Cocoa$2,104+68%
Melbourne Beach$2,050-29%
Melbourne$1,949-1%
West Melbourne$1,886-3%
Saint Cloud$1,864-3%
Rockledge$1,845-7%
Fort Pierce$1,775+11%
Indian Harbour Beach$1,6450%
Merritt Island$1,575+4%
Cape Canaveral$1,550-26%
Satellite Beach$1,4250%
Titusville$1,296+18%

Palm Bay, FL Rent Trends

Studio1 Bed2 Beds
$1482$1430$1450$1442$1462$1440$1365$1405$1395$1393$1350$1375$1350
$1200$1200$1200$1705$1500$1500$1400$1200$1690$1600$1397$1449$1461
$1400$1400$1400$1400$1400$1400$1400$1400$1400$1421$1441$1441$1441

Nearby Listings

  • Meri Palm Bay property

    $1,278+

    Meri Palm Bay

    1–3 Beds • 1–2 Baths

    775–1269 Sqft

    5 Units Available

  • The Braxton property

    $1,295+

    The Braxton

    1–3 Beds • 1–2 Baths

    595–1356 Sqft

    10+ Units Available

  • Country Gardens property

    $1,000+

    Country Gardens

    1–3 Beds • 1–2 Baths

    865–1215 Sqft

    Available Now

  • Harvard Condominiums property

    $1,675

    Harvard Condominiums

    2 Beds • 2 Baths

    1247 Sqft

    3 Units Available

  • The Park at Palm Bay property

    Contact for Price

    The Park at Palm Bay

    1–3 Beds • 1–2 Baths

    655–1332 Sqft

    3 Units Available

  • Shore View Apartment Homes property

    $1,250+

    Shore View Apartment Homes

    Studio–2 Beds • 1 Bath

    680–1000 Sqft

    6 Units Available