100 Best Apartments in Palm Bay, FL (with reviews)

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Average rent in Palm Bay, FL

$1,537/mo Palm Bay, FL average rental price, May 2023

The average monthly rent of apartments in Palm Bay, FL is $1,537.

Palm Bay, FL apartment rent ranges

About 39% of apartment rents in Palm Bay, FL range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 7% of apartments. Around 53% of Malabar’s apartments are in the $1,001-$1,500 price range. 1% of apartments are priced between $701-$1,000.

Palm Bay, FL rent trends

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

Compared to the national average rent of $1,727, the average rent in Palm Bay, FL is $1,537.

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 9 Jun 2023.

What are the best apartments in Palm Bay, FL?

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

What is the average rent in Palm Bay, FL?

The average rent in Palm Bay, FL is $1,536. Start your search for apartments in Palm Bay, FL now.

What is the price range for a studio apartment in Palm Bay, FL?

The price range for a studio apartment in Palm Bay, FL is between $1,049 and $1,123. View all studio apartments in Palm Bay, FL.

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 $1,118 and $2,463. Browse all available 1-bedroom apartments in Palm Bay, FL now.

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 $1,049 and $2,932. Browse and find a 2-bedroom apartment in Palm Bay, FL.

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 $1,623 and $3,147. Browse all available 3-bedroom apartments in Palm Bay, FL.

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

In Palm Bay 22% of the housing is rented out compared to 78% of homes are owned, according to the most recent Census Bureau estimates. 4% of Palm Bay’s apartments are found in large buildings of 50 units or more, 36% are located in smaller apartment complexes with less than 50 units, and 57% are single-family rentals.

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

The average age of rental buildings in Palm Bay is 29 years old, with 30% 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.

What apartment floorplans are common in Palm Bay, FL?

Studio apartments in Palm Bay are around 2% of rentals, while 1-bedroom floor plans represent 37% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 46% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more 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.

Palm Bay, FL demographics

118,709Total Population
58,853 Female

59,856 Male
40.9Median Age

Palm Bay, FL has a population of 118,709 according to the most recent data from the U.S. Census Bureau. 58,853 of Malabar’s residents are women and 59,856 are men. The median age of those who live in Palm Bay, FL is 40.9.

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.

Palm Bay, FL households

29,416 Family

12,484 Non-family
12,891 Children

29,009 No Children

41,900Total Number of Households
2.82Average People Per Household
$55,963Median Household Income

According to U.S. Census data, there are 41,900 households in Palm Bay, FL. 29,416 are family households and 12,484 are non-family households. There are 12,891 households with children in Malabar and 29,009 households without children. On average, about 2.82 people live in a household in Palm Bay, FL.

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.

Palm Bay, FL education statistics

The level of education of the population of Palm Bay, FL is as follows: 3% have no high school education, 36% completed some high school, 31% partially completed college, 12% have an Associate Degree, 12% have a Bachelor Degree, and 6% have a Graduate Degree.

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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 $1,049 and submit your rental application today!

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Apartments for Rent in Palm Bay, FL 78 Rentals Available

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