Average Rent in Palm Bay, FL
5 apartment buildings, 20 units. Real asking prices, refreshed daily.
Avg Rent
$1,575/mo
market average
Cheapest
$750/mo
Isla Apartments
Properties
5
tracked daily
Units
20
available now
Palm Bay, FL Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 5 properties in Palm Bay, FL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Palm Bay, FL Rent Prices
All 5 properties ranked by lowest available rent.
Isla Apartments
1205 Jaslo St SE, Palm Bay, FL 32909, USA
Magnolia at Palm Bay
1445 Sportsman Ln NE, Palm Bay, FL 32905, USA
Madalyn Landing
500 Malabar Rd SW, Palm Bay, FL 32908, USA
The Luminary at 95 Apartments
110 Sagecrest Cir, West Melbourne
Bridgewater Pointe Apartments - Melbourne
151 Eber Boulevard, Melbourne
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Isla Apartments 1205 Jaslo St SE, Palm Bay, FL 32909, USA | $750 | $750 | $0.08 | 4.5 (116) | 1 |
| 2 | Magnolia at Palm Bay 1445 Sportsman Ln NE, Palm Bay, FL 32905, USA | $1,234 | $1,531 | $2.04 | 4.4 (14) | 7 |
| 3 | Madalyn Landing 500 Malabar Rd SW, Palm Bay, FL 32908, USA | $1,349 | $1,516 | $1.62 | 4 (156) | 3 |
| 4 | The Luminary at 95 Apartments 110 Sagecrest Cir, West Melbourne | $1,458 | $1,716 | $1.77 | 4.6 (233) | 7 |
| 5 | Bridgewater Pointe Apartments - Melbourne 151 Eber Boulevard, Melbourne | $1,675 | $1,738 | $1.51 | 4.5 (55) | 2 |
Explore Each Property
Isla Apartments
4.5 (116)1205 Jaslo St SE, Palm Bay, FL 32909, USA
Magnolia at Palm Bay
4.4 (14)1445 Sportsman Ln NE, Palm Bay, FL 32905, USA
Madalyn Landing
4 (156)500 Malabar Rd SW, Palm Bay, FL 32908, USA
The Luminary at 95 Apartments
4.6 (233)110 Sagecrest Cir, West Melbourne
Bridgewater Pointe Apartments - Melbourne
4.5 (55)151 Eber Boulevard, Melbourne
Palm Bay, FL Average Rent Prices 2026
The average rent in Palm Bay, FL is $1,575 per month, based on 20 units across 5 apartment communities. Prices range from $750 at Isla Apartments to $1,675 at Bridgewater Pointe Apartments - Melbourne.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,355/mo | $1,234/mo | 3 |
| 1 Bed | $1,359/mo | $750/mo | 7 |
| 2 Bed | $1,738/mo | $1,541/mo | 7 |
| 3 Bed | $1,917/mo | $1,658/mo | 3 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Palm Bay, FL, and what they pay
Tracked one-bedroom rent in Palm Bay, FL averages $1,359/mo, with two-bedroom units averaging $1,738/mo. At the local median household income of $67,521, that works out to 28% 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 runs 6% 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
$63,000/year
Based on the 30 percent rule, using our tracked average rent of $1,575/mo.
Comfortable income
$76,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($750/mo), you need to earn at least $30,000/year.
Median household income in Palm Bay, FL is $67,521 , about 11% 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) | $1,575 |
| Utilities | $512 |
| Groceries | $520 |
| Transportation | $1,220 |
| Healthcare | $595 |
| Other goods and services | $952 |
| Estimated total | $5,374/mo |
Population
125,273
Median household income
$67,521
Census median rent
$1,487/mo
Rent as % of income
33.1%
Median age
41.3
Mean commute
28 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
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
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
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 | Properties |
|---|---|---|---|
| Miami, FL | $3,248 | +106% | 28 |
| Orlando, FL | $2,063 | +31% | 22 |
| Tampa, FL | $2,890 | +83% | 21 |
| Jacksonville, FL | $1,668 | +6% | 21 |
| Fort Lauderdale, FL | $3,292 | +109% | 15 |
| Kissimmee, FL | $2,053 | +30% | 14 |
Frequently asked questions
What is the average rent in Palm Bay, FL?
The average rent in Palm Bay, FL is $1,575 per month, based on 20 units across 5 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Palm Bay, FL?
The lowest available rent in Palm Bay, FL starts at $750 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Palm Bay, FL?
1-bedroom apartments in Palm Bay, FL average $1,359/mo. The lowest listed 1-bedroom starts at $750/mo across 7 units tracked.
How much is a 2-bedroom apartment in Palm Bay, FL?
2-bedroom apartments in Palm Bay, FL average $1,738/mo. Units start from $1,541/mo across 7 units currently listed.
Rent Trends in Palm Bay, FL
Track how apartment prices are changing over time.
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