What is the average apartment size in Palm Bay?

The average size for a Palm Bay, FL apartment is 913 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Palm Bay?

As of Oct / 2025, the average rent in Palm Bay is $1,542 per month, a 0.88% increase from last year’s average of $1,528.

How much does rent cost by apartment size in Palm Bay?

In Palm Bay, studios rent for $1,024 per month, one-bedroom units average $1,415 per month, two-bedrooms cost around $1,589 per month, and three-bedroom apartments rent for about $1,929 per month

What is the average apartment size in Palm Bay?

The typical apartment in Palm Bay offers about 913 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Palm Bay?

Studio apartments in Palm Bay average 324 sq. ft., one-bedrooms offer 727 sq. ft., two-bedrooms are about 1,028 sq. ft., and three-bedroom apartments average 1,273 sq. ft.

Palm Bay, FL Rental Market Trends

Q: What's the typical rent budget in Palm Bay?

The typical rent budget in Palm Bay ranges from $1,501 to $2,000 per month, with 53% of rentals in this range.

Q: Do most people rent or own in Palm Bay?

In Palm Bay, 21% of households rent while 79% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Palm Bay is $1,542, a 0.88% increase compared to the previous year, when the average rent was $1,528.

Studio Apartments at $1,024 offer the most budget-friendly option with 324 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 727 square feet for $1,415, balancing privacy and affordability.

Two-beedroom units at $1,589 offer 1,028 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,273 sq ft) for $1,929, suitable for larger households.

Average rent in Palm Bay, FL

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,542	913 sq. ft.
Studio	$1,024	324 sq. ft.
1 Bed	$1,415	727 sq. ft.
2 Beds	$1,589	1,028 sq. ft.
3 Beds	$1,929	1,273 sq. ft.

Palm Bay, FL rent trends

Rental prices in Palm Bay, FL have increased by 0.88% over the past year. The average rent moved from $1,528 to $1,542.

What's the typical rent budget in Palm Bay, FL?

The largest share of rentals in Palm Bay, FL (53%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Palm Bay, FL?

9,173 or 21% of the households in Palm Bay, FL are renter-occupied while 35,259 or 79% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Palm Bay Compares to Other Cities

City	Average Rent
Palm Bay	$1,542
Miami	$2,721
Jacksonville	$1,495
Tampa	$2,009
Kissimmee	$1,821
Fort Myers	$1,758
Orlando	$1,802
Cape Coral	$1,705
Fort Lauderdale	$2,727
St. Petersburg	$2,028
West Palm Beach	$2,407

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Palm Bay apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.