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Apartments for Rent in Palm Bay, FL
84 Rentals Available

37-0-city
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Average rent in Palm Bay, FL

$1,547/mo Palm Bay, FL average rental price, May 2025
Image Average Rent

The average monthly rent of apartments in Palm Bay, FL is $1,547.

    Palm Bay, FL apartment rent ranges

    About 3% of apartment rents in Palm Bay, FL range between $2,001-$2,500. Around 58% of Malabar’s apartments are in the $1,501-$2,000 price range. 40% of apartments are priced between $1,001-$1,500.

    Palm Bay, FL rent trends

    Check out the average rent prices in Palm Bay by neighborhood.

    Compared to the national average rent of $1,761, the average rent in Palm Bay, FL is $1,547.

    Getting around in Palm Bay, FL

    15 /100
    Car-Dependent
    41 /100
    Somewhat Bikeable
    Walk Score®: 15, Bike Score®: 41

    Frequently asked questions

    When were prices and availability in Palm Bay, FL last updated?

    Prices and availability in Palm Bay, FL were last updated on 13 Jun 2025.

    What are the best apartments in Palm Bay, FL?

    The best apartments in Palm Bay, FL are: Madalyn Landing, Malabar Lakes Apartments, 10X Harbour Bay, Ascent of Palm Bay and 260 Ensenada Street Palm Bay, FL 32909.

    What is the average rent in Palm Bay, FL?

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

    What is the price range for a 1-bedroom apartment in Palm Bay, FL?

    The price range for a 1-bedroom apartment in Palm Bay, FL is between $1,225 and $2,584.

    What is the price range for a 2-bedroom apartment in Palm Bay, FL?

    The price range for a 2-bedroom apartment in Palm Bay, FL is between $1,297 and $2,897.

    What is the price range for a 3-bedroom apartment in Palm Bay, FL?

    The price range for a 3-bedroom apartment in Palm Bay, FL is between $1,588 and $3,102.

    What type of rental buildings are in Palm Bay, FL?

    In Palm Bay, 21% of the residents are renting compared to 79% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 7% of Palm Bay’s rentals, 39% are small-scale complexes with under 50 units, and 52% are single-family rentals.

    What do typical apartment communities look like in Palm Bay, FL?

    The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city.  In this case, the apartment buildings in Palm Bay are about 27 years old, on average. Of these, 36% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

    What apartment floorplans are common in Palm Bay, FL?

    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 37% of the total apartments in the city, while 2-bedroom floorplans represent around 47% 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.

    Living in Palm Bay, FL

    Halfway between the hustle and bustle of Orlando and Miami, Palm Bay, FL, is a small town that provides breathtaking outdoor scenery while remaining close to everything. It’s the perfect balance for renters who wish to be close to nature while still enjoying the convenience of big-city amenities. Finding an apartment for rent in Palm Bay will give you access to excellent schools and an affordable cost of living, along with plenty of opportunities to explore the great outdoors. Palm Bay is growing rapidly and offers many job prospects for renters working in the science, engineering, and technology sectors, thanks to the presence of aerospace and defense companies in the area. The quiet and family-friendly community is also a great place to call home for families with young children.

    Renting in Palm Bay, FL

    You will find more property owners in Palm Bay than renters. The low cost of housing is one of the main arguments in favor of renting an apartment in Palm Bay. Rental fees in Palm Bay are well below the national average and even more affordable than the rest of the Palm Bay – Melbourne – Titusville metropolitan area. Safety can be a concern in some of the smaller neighborhoods. Therefore, it is best to opt for rental properties in Southeast Palm Bay or Southwest Palm Bay since the northern areas have higher crime rates. Although there is no maximum amount set by Florida rental laws for security deposits, the rule of thumb in Palm Bay is to pay the equivalent of one and a half to two months’ rent to secure an apartment for rent.

    Things for renting

    Shopping in Palm Bay, FL

    Renters will have no difficulties finding a grocery store near their apartments while in Palm Bay. The small town is home to a wide range of supermarkets, catering to all tastes and budgets. The most common grocery chains in town are Publix and Winn-Dixie, both of which feature multiple locations within the city’s boundaries. In addition, renters who enjoy taking advantage of the kitchen of their rental apartments to cook delicious exotic meals will appreciate the presence of Latin, West African, Asian, and Caribbean produce stores. Renters will also recognize familiar national brands such as Aldi, Walmart, and Target. The main retail venues in the area are Palm Bay Center and Bayside Lakes shopping centers, where renters will find a wide range of national and locally owned retailers and eating options.

    Transportation in Palm Bay, FL

    Palm Bay is a sparse suburban community, so renters rely on their personal vehicles to run errands, commute to work, or go out to eat. Bike lanes are few and far between. Therefore, it is best to look for an apartment for rent in Palm Bay that includes secure parking. However, for renters who prefer leaving their cars at home to save on gas and parking,. Palm Bay is part of the Space Coast area transit system that provides bus and trolley services to the communities in Brevard County. Look for a rental apartment near one of the bus routes if you want to take advantage of this opportunity.

    Look for apartments near me

    Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

    RentCafe is your one-stop shop for finding a great new apartment in Palm Bay, FL. Easily search through a wide selection of apartments for rent in Palm Bay, FL, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Palm Bay, FL apartments with rents starting from $1,225 and submit your rental application today!

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