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 Mar / 2026, the average rent in Palm Bay is $1,542 per month, a 2.85% increase from last years average of $1,500.

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.

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 $1,001 to $1,500 per month, with 46% 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: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Palm Bay is $1,542, a 2.85% increase compared to the previous year, when the average rent was $1,500.

One-bedroom apartments provide 726 square feet for $1,366, balancing privacy and affordability.

Two-beedroom units at $1,627 offer 1,028 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,273 sq ft) for $1,956, suitable for larger households.

Average rent in Palm Bay, FL

Last updated: April 22, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,542	913 sq. ft.
Studio	n/a	n/a
1 Bed	$1,366	726 sq. ft.
2 Beds	$1,627	1,028 sq. ft.
3 Beds	$1,956	1,273 sq. ft.

Palm Bay, FL rent trends

Rental prices in Palm Bay, FL have increased by 2.85% over the past year. The average rent moved from $1,500 to $1,542.

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

The largest share of rentals in Palm Bay, FL (46%) fall between $1,001-$1,500 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.

How Palm Bay Compares to Other Cities

City	Average Rent
Palm Bay	$1,542
Jacksonville	$1,497
Miami	$2,734
Tampa	$2,013
Kissimmee	$1,809
Orlando	$1,788
Cape Coral	$1,689
Fort Myers	$1,714
Miami Beach	$3,403
St. Petersburg	$2,018
Port St. Lucie	$2,136
Fort Pierce, FL	$1,714
Oviedo, FL	$2,192
Saint Cloud, FL	$2,058
Jensen Beach, FL	$2,060
Rockledge, FL	$1,761
Vero Beach, FL	$2,099
West Melbourne, FL	$1,723
Cocoa, FL	$1,655
Lake Wales, FL	$1,417

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.