# Average Rent in Palm Bay, FL > How much is rent in Palm Bay, FL? $1,699 median across 120 units in 8 buildings, each with a daily price history and a citywide trend, tracked daily. Canonical: https://average-rent.com/city/palm-bay-fl/ Latest included observation: November 8, 2026 ## What is the average rent in Palm Bay, FL? The average listed apartment rent in Palm Bay, FL is $1,649 per month, as of November 8, 2026. This sample includes 120 priced apartments in 8 buildings. These are tracked asking prices, not signed leases. We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 5, 2026 through November 8, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings. 8 apartment buildings, 120 units. Recorded asking prices and price history where available. [Browse apartments in Palm Bay, FL](https://average-rent.com/city/palm-bay-fl/apartments/) Avg Rent $1,649/mo median $1,699 [-0.2% vs last month](https://average-rent.com/city/palm-bay-fl/trends/) Cheapest $1,189/mo Magnolia at Palm Bay Properties 8 tracked daily Units 120 available now [See cheapest & most expensive neighborhoods on the map](https://average-rent.com/city/palm-bay-fl/rent-map/) [View rent trends and price history](https://average-rent.com/city/palm-bay-fl/trends/) [Explore Palm Bay, FL on the interactive map](https://average-rent.com/search/#city=palm-bay-fl) [Palm Bay, FL Resident Access](https://average-rent.com/city/palm-bay-fl/resident-access/): City Club members share insider gate codes, parking links, and amenity tips. View Analysis ## Rent Price Breakdown Compare pricing across all 8 properties in Palm Bay, FL. Timeframe ## Average rent trend, last 3 months All bedroom types, citywide. Choose a window above to scope the view. $1,716 Average rent today Line chart of average rent in Palm Bay, FL over the last 3 months. Started at $1,726, ended at $1,716. ### Average rent trend, last 3 months | Date or category | Average monthly rent (USD) | | --- | --- | | Aug | 1,726 | | Aug | 1,732 | | Aug | 1,718 | | Aug | 1,760 | | Sep | 1,748 | | Sep | 1,734 | | Sep | 1,736 | | Sep | 1,723 | | Oct | 1,678 | | Oct | 1,715 | | Oct | 1,715 | | Oct | 1,708 | | Oct | 1,691 | | Nov | 1,716 | [Full Palm Bay, FL price history](https://average-rent.com/city/palm-bay-fl/trends/) ### Average Rent by Property ### Starting Price vs Average ### Rent by Bedroom Count ### Price per Square Foot ## Palm Bay, FL Rent Prices All 8 properties ranked by lowest available rent. [#1 4.4 (14)](https://average-rent.com/city/palm-bay-fl/magnolia-at-palm-bay-palm-bay-fl/): Magnolia at Palm Bay 1445 Sportsman Ln NE, Palm Bay, FL 32905, USA From $1,189/mo Avg $1,189 1 units [#2 4 (156)](https://average-rent.com/city/palm-bay-fl/madalyn-landing-palm-bay-fl/): Madalyn Landing 500 Malabar Rd SW, Palm Bay, FL 32908, USA From $1,318/mo Avg $1,365 3 units [#3 4.8 (345)](https://average-rent.com/city/palm-bay-fl/lake-in-the-woods-palm-bay-fl/): Lake in the Woods 333 Lake in the Woods Dr, Melbourne, FL 32901, USA From $1,338/mo Avg $1,666 10 units [#4 4.5 (70)](https://average-rent.com/city/palm-bay-fl/the-pointe-at-palm-bay-palm-bay-fl/): The Pointe at Palm Bay 205 Valor Dr SE, Palm Bay, FL 32909, USA From $1,338/mo Avg $1,562 33 units [#5 4.5 (55)](https://average-rent.com/city/palm-bay-fl/bridgewater-pointe-apartments-melbourne-palm-bay-fl/): Bridgewater Pointe Apartments - Melbourne 151 Eber Boulevard, Melbourne, FL 32901, USA From $1,400/mo Avg $1,550 2 units [#6 3.7 (119)](https://average-rent.com/city/palm-bay-fl/aqua-palm-bay-fl/): Aqua 2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905, USA From $1,409/mo Avg $1,656 37 units [#7 4.6 (233)](https://average-rent.com/city/palm-bay-fl/the-luminary-at-95-apartments-palm-bay-fl/): The Luminary at 95 Apartments 110 Sagecrest Cir, West Melbourne, FL 32904, USA From $1,485/mo Avg $1,678 13 units | # | Property | From | Avg | $/sqft | Rating | Units | | --- | --- | --- | --- | --- | --- | --- | | 1 | [Magnolia at Palm Bay 1445 Sportsman Ln NE, Palm Bay, FL 32905, USA](https://average-rent.com/city/palm-bay-fl/magnolia-at-palm-bay-palm-bay-fl/) | $1,189 | $1,189 | $3.96/ft² | 4.4 (14) | 1 | | 2 | [Madalyn Landing 500 Malabar Rd SW, Palm Bay, FL 32908, USA](https://average-rent.com/city/palm-bay-fl/madalyn-landing-palm-bay-fl/) | $1,318 | $1,365 | $1.91/ft² | 4 (156) | 3 | | 3 | [Lake in the Woods 333 Lake in the Woods Dr, Melbourne, FL 32901, USA](https://average-rent.com/city/palm-bay-fl/lake-in-the-woods-palm-bay-fl/) | $1,338 | $1,666 | $1.64/ft² | 4.8 (345) | 10 | | 4 | [The Pointe at Palm Bay 205 Valor Dr SE, Palm Bay, FL 32909, USA](https://average-rent.com/city/palm-bay-fl/the-pointe-at-palm-bay-palm-bay-fl/) | $1,338 | $1,562 | $1.83/ft² | 4.5 (70) | 33 | | 5 | [Bridgewater Pointe Apartments - Melbourne 151 Eber Boulevard, Melbourne, FL 32901, USA](https://average-rent.com/city/palm-bay-fl/bridgewater-pointe-apartments-melbourne-palm-bay-fl/) | $1,400 | $1,550 | $1.35/ft² | 4.5 (55) | 2 | | 6 | [Aqua 2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905, USA](https://average-rent.com/city/palm-bay-fl/aqua-palm-bay-fl/) | $1,409 | $1,656 | $1.66/ft² | 3.7 (119) | 37 | | 7 | [The Luminary at 95 Apartments 110 Sagecrest Cir, West Melbourne, FL 32904, USA](https://average-rent.com/city/palm-bay-fl/the-luminary-at-95-apartments-palm-bay-fl/) | $1,485 | $1,678 | $1.82/ft² | 4.6 (233) | 13 | ## Rent & Price History by Building Compare apartment listings by price, bedrooms, and neighborhood. [Browse all apartments](https://average-rent.com/city/palm-bay-fl/apartments/) [Magnolia at Palm Bay](https://average-rent.com/city/palm-bay-fl/magnolia-at-palm-bay-palm-bay-fl/): ![Magnolia at Palm Bay apartments in Palm Bay, FL](https://average-rent.com/api/photo/p/5576?w=600) 4.4 (14) 1445 Sportsman Ln NE, Palm Bay, FL 32905, USA From $1,189/mo 1 units [Madalyn Landing](https://average-rent.com/city/palm-bay-fl/madalyn-landing-palm-bay-fl/): ![Madalyn Landing apartments in Palm Bay, FL](https://average-rent.com/api/photo/p/5582?w=600) 4 (156) 500 Malabar Rd SW, Palm Bay, FL 32908, USA From $1,318/mo 3 units [Lake in the Woods](https://average-rent.com/city/palm-bay-fl/lake-in-the-woods-palm-bay-fl/): ![Lake in the Woods apartments in Palm Bay, FL](https://average-rent.com/api/photo/p/5584?w=600) 4.8 (345) 333 Lake in the Woods Dr, Melbourne, FL 32901, USA From $1,338/mo 10 units [The Pointe at Palm Bay](https://average-rent.com/city/palm-bay-fl/the-pointe-at-palm-bay-palm-bay-fl/): ![The Pointe at Palm Bay apartments in Palm Bay, FL](https://average-rent.com/api/photo/p/18007?w=600) 4.5 (70) 205 Valor Dr SE, Palm Bay, FL 32909, USA From $1,338/mo 33 units [Bridgewater Pointe Apartments - Melbourne](https://average-rent.com/city/palm-bay-fl/bridgewater-pointe-apartments-melbourne-palm-bay-fl/): ![Bridgewater Pointe Apartments - Melbourne apartments in Palm Bay, FL](https://average-rent.com/api/photo/p/5585?w=600) 4.5 (55) 151 Eber Boulevard, Melbourne, FL 32901, USA From $1,400/mo 2 units [Aqua](https://average-rent.com/city/palm-bay-fl/aqua-palm-bay-fl/): ![Aqua apartments in Palm Bay, FL](https://average-rent.com/api/photo/p/17994?w=600) 3.7 (119) 2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905, USA From $1,409/mo 37 units [Browse all Palm Bay, FL apartments](https://average-rent.com/city/palm-bay-fl/apartments/) By Area ## Palm Bay, FL neighborhoods Tracked buildings across 5 named neighborhoods. Pick one to see its apartments. [Palm Bay 32905 2](https://average-rent.com/city/palm-bay-fl/apartments/?neighborhood=Palm%20Bay%2032905)[Palm Bay 32909 2](https://average-rent.com/city/palm-bay-fl/apartments/?neighborhood=Palm%20Bay%2032909)[Shadow Lawn 2](https://average-rent.com/city/palm-bay-fl/apartments/?neighborhood=Shadow%20Lawn)[Sylvan Estates 2](https://average-rent.com/city/palm-bay-fl/apartments/?neighborhood=Sylvan%20Estates)[Palm Bay 32908 1](https://average-rent.com/city/palm-bay-fl/apartments/?neighborhood=Palm%20Bay%2032908) [Compare neighborhood rents on the Palm Bay, FL rent map](https://average-rent.com/city/palm-bay-fl/rent-map/) ## Palm Bay, FL Average Rent Prices 2026 The average listed rent in Palm Bay, FL is **$1,649 per month**, based on 120 units across 8 apartment communities. Prices range from $1,189 at Magnolia at Palm Bay to $2,239 at Isla Apartments. ### Average Rent by Bedroom Type | Type | Avg Rent | Starting From | Units | | --- | --- | --- | --- | | Studio | $1,309/mo | $1,189/mo | 3 | | 1 Bed | $1,472/mo | $1,318/mo | 51 | | 2 Bed | $1,772/mo | $1,400/mo | 55 | | 3 Bed | $1,940/mo | $1,732/mo | 11 | We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage. Paste this where you want the live widget. Free to use with the attribution link. Preview Market Context ## Who rents in Palm Bay, FL, and what they pay Tracked one-bedroom rent in Palm Bay, FL averages **$1,472/mo** , with two-bedroom units averaging **$1,772/mo**. At the local median household income of **$67,521**, that works out to **29% of gross income**, near the 30 percent affordability ceiling. The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Palm Bay, FL at **$1,487/mo**. The [current tracked market average](https://average-rent.com/city/palm-bay-fl/trends/) runs **11% higher than** that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Palm Bay, FL while the tracked market average covers units currently listed in larger apartment communities. ## What salary do I need to live comfortably in Palm Bay, FL? Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models. Minimum to afford average rent $66,000/year Based on the 30 percent rule, using our tracked average rent of $1,649/mo. Comfortable income $79,000/year Based on the 25 percent rule, leaving more room for savings, transport, and groceries. To afford the cheapest tracked apartment ($1,189/mo), you need to earn at least **$48,000/year**. Median household income in Palm Bay, FL is **$67,521** , about 15% below the comfortable-living threshold. ## Cost of living in Palm Bay, FL Overall prices in Palm Bay, FL runs above the national average by about 1% (BEA Regional Price Parity index 101.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Palm Bay, FL's regional price parities. | Category | Monthly estimate | | --- | --- | | Rent (market average) | $1,649 | | Utilities | $512 | | Groceries | $520 | | Transportation | $1,220 | | Healthcare | $595 | | Other goods and services | $952 | | Estimated total | $5,448/mo | Population 125,273 Median household income $67,521 Census median rent $1,487/mo Census rent burden 33.1% Median age 41.3 Mean commute 28 min ## Methodology Rent data We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability. Cost of living Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually. Salary to live comfortably We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval. Demographic figures Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release. Cost of living and demographic figures were last published in 2023. Compare ## Nearby cities in Florida How Palm Bay, FL rent compares to other markets in the state. | City | Avg Rent | vs Palm Bay, FL | 30-Day Change | Properties | | --- | --- | --- | --- | --- | | [Miami, FL](https://average-rent.com/city/miami-fl/) | $3,064 | +86% | +1.3% | 41 | | [Gainesville, FL](https://average-rent.com/city/gainesville-fl/) | $1,790 | +9% | +17.4% | 40 | | [Tampa, FL](https://average-rent.com/city/tampa-fl/) | $2,676 | +62% | -1.9% | 28 | | [Boca Raton, FL](https://average-rent.com/city/boca-raton-fl/) | $2,753 | +67% | -0.4% | 24 | | [Jacksonville, FL](https://average-rent.com/city/jacksonville-fl/) | $1,787 | +8% | +62.3% | 24 | | [Orlando, FL](https://average-rent.com/city/orlando-fl/) | $2,078 | +26% | +0.1% | 24 | ## Frequently asked questions ### What is the average rent in Palm Bay, FL? The average listed apartment rent in Palm Bay, FL is $1,649 per month, as of November 8, 2026. This sample includes 120 priced apartments in 8 buildings. These are tracked asking prices, not signed leases. ### What is the median rent in Palm Bay, FL? The median asking rent in Palm Bay, FL is $1,699 per month, computed from 120 priced listings; check the observation dates shown on this page. The average is $1,649/mo; the median resists skew from luxury listings. ### What is the cheapest apartment rent in Palm Bay, FL? The lowest available rent in Palm Bay, FL starts at $1,189 per month. Confirm current availability, fees, and lease terms with the selected listing. ### How much is a 1-bedroom apartment in Palm Bay, FL? 1-bedroom apartments in Palm Bay, FL average $1,472/mo. The lowest listed 1-bedroom starts at $1,318/mo across 51 units tracked. ### How much is a 2-bedroom apartment in Palm Bay, FL? 2-bedroom apartments in Palm Bay, FL average $1,772/mo. Units start from $1,400/mo across 55 units currently listed. ## Rent Trends in Palm Bay, FL Track how apartment prices are changing over time. [View Rent Trends](https://average-rent.com/city/palm-bay-fl/trends/) ## Missing your neighborhood? Tell us where you're looking. We'll start tracking prices within 24 hours. [Get Started](https://average-rent.com/request/)