Average Rent in Palm Bay, FL
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, FLCheapest
$1,189/mo
Magnolia at Palm Bay
Properties
8
tracked daily
Units
120
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 8 properties in Palm Bay, FL.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
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.
Magnolia at Palm Bay
1445 Sportsman Ln NE, Palm Bay, FL 32905, USA
Madalyn Landing
500 Malabar Rd SW, Palm Bay, FL 32908, USA
Lake in the Woods
333 Lake in the Woods Dr, Melbourne, FL 32901, USA
The Pointe at Palm Bay
205 Valor Dr SE, Palm Bay, FL 32909, USA
Bridgewater Pointe Apartments - Melbourne
151 Eber Boulevard, Melbourne, FL 32901, USA
Aqua
2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905, USA
The Luminary at 95 Apartments
110 Sagecrest Cir, West Melbourne, FL 32904, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Magnolia at Palm Bay 1445 Sportsman Ln NE, Palm Bay, FL 32905, USA | $1,189 | $1,189 | $3.96/ft² | 4.4 (14) | 1 |
| 2 | Madalyn Landing 500 Malabar Rd SW, Palm Bay, FL 32908, USA | $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 | $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 | $1,338 | $1,562 | $1.83/ft² | 4.5 (70) | 33 |
| 5 | Bridgewater Pointe Apartments - Melbourne 151 Eber Boulevard, Melbourne, FL 32901, USA | $1,400 | $1,550 | $1.35/ft² | 4.5 (55) | 2 |
| 6 | Aqua 2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905, USA | $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 | $1,485 | $1,678 | $1.82/ft² | 4.6 (233) | 13 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
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
Lake in the Woods
4.8 (345)333 Lake in the Woods Dr, Melbourne, FL 32901, USA
The Pointe at Palm Bay
4.5 (70)205 Valor Dr SE, Palm Bay, FL 32909, USA
Bridgewater Pointe Apartments - Melbourne
4.5 (55)151 Eber Boulevard, Melbourne, FL 32901, USA
Aqua
3.7 (119)2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905, USA
By Area
Palm Bay, FL neighborhoods
Tracked buildings across 5 named neighborhoods. Pick one to see its apartments.
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.
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 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 | $3,064 | +86% | +1.3% | 41 |
| Gainesville, FL | $1,790 | +9% | +17.4% | 40 |
| Tampa, FL | $2,676 | +62% | -1.9% | 28 |
| Boca Raton, FL | $2,753 | +67% | -0.4% | 24 |
| Jacksonville, FL | $1,787 | +8% | +62.3% | 24 |
| 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.
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