Last updated
Average Rent in Palm Bay, FL & Rent Trends
Rent prices and market trends across 8 apartment communities in Palm Bay, FL. Updated daily.
Market Average
$1,750/mo
Lowest Available
$1,264/mo
cheapest unit on market
Communities
8
tracked daily
Units Listed
82
available now
Price Cuts This Week in Palm Bay, FL
14 listed units across 4 buildings in Palm Bay, FL dropped their asking rent in the past 7 days, an average cut of $136/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Lake in the Woods | Unit 1 | $1,540 | $1,264 | $276 |
| Isla Apartments | Unit 2104, B1 | $1,889 | $1,664 | $225 |
| Lake in the Woods | Unit 2 | $1,664 | $1,495 | $169 |
| Lake in the Woods | Unit 3 | $1,788 | $1,625 | $163 |
| Isla Apartments | Unit 3314, B1 | $1,804 | $1,654 | $150 |
| Amore Village - Townhomes for Rent | Unit 4560-104, Palm B | $2,140 | $1,995 | $145 |
| Amore Village - Townhomes for Rent | Unit 4570-106, Palm B | $2,140 | $1,995 | $145 |
| Amore Village - Townhomes for Rent | Unit 4585-103, Palm B | $2,140 | $1,995 | $145 |
Rent by Neighborhood in Palm Bay, FL
Compare average rent across Palm Bay, FL neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Sylvan Estates | $1,882 | ▼ $65 | $1,490 | 2 | 17 |
| Palm Bay 32909 | $1,842 | ▼ $22 | $1,458 | 2 | 28 |
| Palm Bay 32905 | $1,648 | ▲ $3 | $1,449 | 1 | 27 |
| Shadow Lawn | $1,571 | ▲ $55 | $1,264 | 2 | 7 |
| Palm Bay 32908 | $1,472 | ▼ $21 | $1,319 | 1 | 3 |
Is Rent Going Up or Down in Palm Bay, FL?
As of September 2026, the average rent in Palm Bay, FL is $1,750 per month across 8 apartment communities and 82 available units.
The most affordable option is Lake in the Woods starting at $1,264/mo. By unit type, a studio averages $1,678/mo, a 1-bedroom averages $1,520/mo, a 2-bedroom averages $1,758/mo, a 3-bedroom averages $2,037/mo.
Prices range from $1,264 to $2,254 per month. The most common price point is the $1,600 range, where 28 units are currently listed.
Palm Bay, FL Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,558 | - | 6 |
| July 2026 | $1,567 | +$9 | 7 |
| August 2026 | $1,708 | +$141 | 7 |
| September 2026 | $1,736 | +$28 | 7 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Palm Bay, FL
Rent Prices by Apartment in Palm Bay, FL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Lake in the Woods | $1,264/mo | $1,579/mo | 5 | 4.8 |
| Madalyn Landing | $1,319/mo | $1,472/mo | 3 | 4 |
| Bridgewater Pointe Apartments - Melbourne | $1,400/mo | $1,550/mo | 2 | 4.5 |
| Aqua | $1,449/mo | $1,648/mo | 27 | 3.7 |
| The Pointe at Palm Bay | $1,458/mo | $1,744/mo | 5 | 4.5 |
| The Luminary at 95 Apartments | $1,490/mo | $1,678/mo | 8 | 4.6 |
| Isla Apartments | $1,639/mo | $1,864/mo | 23 | 4.5 |
Frequently Asked Questions About Rent in Palm Bay, FL
What is the average rent in Palm Bay, FL?
Is rent going up or down in Palm Bay, FL?
What is the cheapest apartment in Palm Bay, FL?
How much is a 1-bedroom apartment in Palm Bay, FL?
How many apartments are available in Palm Bay, FL?
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
$70,000/year
Based on the 30 percent rule, using our tracked average rent of $1,750/mo.
Comfortable income
$84,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,264/mo), you need to earn at least $51,000/year.
Median household income in Palm Bay, FL is $67,521 , about 20% 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) | $1,750 |
| Utilities | $512 |
| Groceries | $520 |
| Transportation | $1,220 |
| Healthcare | $595 |
| Other goods and services | $952 |
| Estimated total | $5,549/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
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.
Google Search Trends for Palm Bay, FL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Palm Bay, FL Apartments
Browse all 8 communities with daily-updated pricing and availability.