Palm Bay, FL Rental Market Trends
Highlights
The average rent for an apartment in Palm Bay is $1,036, a 12% increase compared to the previous year, when the average rent was $923.
Average Rent in Palm Bay, FL
Last updated Jun 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,036 | 12% | 939 sq. ft. |
The average size for a Palm Bay, FL apartment is 939 square feet, but this number varies greatly depending on apartment type. 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.
Palm Bay, FL Apartment Rent Ranges
- $501-$7002%
- $701-$1,00046%
- $1,001-$1,50051%
Palm Bay, FL Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Jun / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Palm Bay, FL | $792 | $826 | $814 | $870 | $890 | $923 | $947 | $953 | $1,036 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
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Average Rent in Palm Bay, FL By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| St Sebastian | $1,116 | ||||
| Grant-Valkaria | $1,116 | ||||
Palm Bay | Rent Comparison by Neighborhood
Rent in Grant-Valkaria is the same as in St Sebastian
$1,116
Grant-Valkaria rent is 8% higher than Palm Bay average
| Average Rent | $1,116 |
|---|
$1,116
St Sebastian rent is 8% higher than Palm Bay average
| Average Rent | $1,116 |
|---|
How Does Palm Bay Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Palm Bay | $1,036 | 12% |
| Melbourne | $1,121 | 8% |
| West Melbourne | $1,316 | 8% |
| Rockledge | $1,421 | 11% |
| Titusville | $815 | 8% |
| Cape Canaveral | $810 | 20% |
| Cocoa | $800 | 10% |
| Cocoa West | $800 | 10% |
For more information about the Palm Bay rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
- Palm Side
- Windwood
- Ascent of Palm Bay
- Malabar Lakes Apartments
- Madalyn Landing
- 814 Yacolt SE Road
- 1510 NW Alberni Street
- 1287 Wadsworth St SE
- 478 Veronica Ave
- 737 Coconut Street SE Palm Bay, FL 32909
- 1421 Emerson Dr NE
- 474 Harvey Ave NE Palm Bay, FL 32907
- 1223 Waffle St SE
- 1253 Giralda Cir NW Palm Bay, FL 32907
- 630 Crowberry Rd NE
- 1489 Heartwellville St NW
- 1658 Arcot Circle NE
- 2655 San Filippo Drive SE Palm Bay, FL 32909
- 912 Gatewood Ct NE
- 2914 Kosuth Rd NE
Most Expensive Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Palm Bay apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.