Last updated
Average Rent in Palm Bay FL & Rent Trends
Rent prices and market trends across 1 apartment community in Palm Bay FL. Updated daily.
Market Average
$1,327/mo
Lowest Available
$1,234/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
2
available now
Rent by Neighborhood in Palm Bay FL
Compare average rent across Palm Bay FL neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Sylvan Estates | $1,915 | $1,614 | 1 | 9 |
| Palm Bay 32905 | $1,327 | $1,234 | 1 | 2 |
Is Rent Going Up or Down in Palm Bay FL?
As of May 2026, the average rent in Palm Bay FL is $1,327 per month across 1 apartment community and 2 available units.
The most affordable option is Magnolia at Palm Bay starting at $1,234/mo. By unit type, a studio averages $1,327/mo.
Prices range from $1,234 to $1,420 per month. The most common price point is the $1,200 range, where 1 units are currently listed.
Palm Bay FL Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
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 |
|---|---|---|---|---|
| Magnolia at Palm Bay | $1,234/mo | $1,327/mo | 2 | 4.4 |
Google Search Trends for Palm Bay FL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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 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
$53,000/year
30 percent rule -- using our average rent of $1,327/mo.
Comfortable income
$64,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,234/mo), you need to earn at least $49,000/year.
Median household income in Palm Bay FL is $67,521 , about 6% above 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) | $1,327 |
| Utilities | $512 |
| Groceries | $520 |
| Transportation | $1,220 |
| Healthcare | $595 |
| Other goods and services | $952 |
| Estimated total | $5,126/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.
Explore Palm Bay FL Apartments
Browse all 1 communities with daily-updated pricing and availability.