Apartments for Rent in Palmetto Bay, FL

Prices and availability in Palmetto Bay, FL were last updated on 16 Oct 2026.

The best apartments in Palmetto Bay, FL are: Bay Village1, Indigo Palmetto Bay and 17051 Sw 85 Th Ave.

The average rent in Palmetto Bay, FL is $2,042.

The price range for a studio apartment in Palmetto Bay, FL is between $1,752 and $3,076.

The price range for a 1-bedroom apartment in Palmetto Bay, FL is between $2,013 and $3,635.

The price range for a 2-bedroom apartment in Palmetto Bay, FL is between $2,723 and $4,077.

The price range for a 3-bedroom apartment in Palmetto Bay, FL is between $1,997 and $5,100.

In Palmetto Bay, 22% of the residents are renting compared to 78% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 34% of Palmetto Bay's rentals, 38% are small-scale complexes with under 50 units, and 28% are single-family rentals.

The average age of rental buildings in Palmetto Bay is 33 years old, with 41% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 72% are garden-style apartment communities, 41% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Palmetto Bay are around 7% of rentals, while 1-bedroom floor plans represent 51% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 35% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.