Apartments for Rent in Palm Bay, FL

Prices and availability in Palm Bay, FL were last updated on 14 May 2026.

The best apartments in Palm Bay, FL are: 674 Tobias St SE Palm Bay, FL 32909, 2288 Santa Maria Avenue Palm Bay, FL 32909, Westshore Palm Bay, 785 Coconut Street Palm Bay, FL 32909 and 541 Bird Avenue Palm Bay, FL 32909.

The average rent in Palm Bay, FL is $1,545.

The price range for a 1-bedroom apartment in Palm Bay, FL is between $1,049 and $2,221.

The price range for a 2-bedroom apartment in Palm Bay, FL is between $1,258 and $2,431.

The price range for a 3-bedroom apartment in Palm Bay, FL is between $1,100 and $4,000.

In Palm Bay 20% of the housing is rented out compared to 80% of homes are owned, according to the most recent Census Bureau estimates. 7% of Palm Bay's apartments are found in large buildings of 50 units or more, 40% are located in smaller apartment complexes with less than 50 units, and 50% are single-family rentals.

The average age of rental buildings in Palm Bay is 27 years old, with 39% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Palm Bay come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 38% of the total apartments in the city, while 2-bedroom floorplans represent around 48% of all rentals in Palm Bay. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.