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Palm Bay, FL Rental Market Trends

What is the average rent in Palm Bay?

The average rent for an apartment in Palm Bay is $1,537. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Palm Bay, FL

Last updated May 2023
Average Rent Average Apartment Size
$1,537 930 sq. ft.

What is the average apartment size in Palm Bay?

The average size for a Palm Bay, FL apartment is 930 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.

Palm Bay, FL apartment rent ranges

Palm Bay, FL Occupied Housing Units

9,100 or 22% of the households in Palm Bay, FL are renter-occupied while 32,800 or 78% are owner-occupied.

Palm Bay, FL rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Palm Bay, FL By Neighborhood

Grant-Valkaria
$1,891
St Sebastian
$1,891
Neighborhood Average Rent
Grant-Valkaria $1,891
St Sebastian $1,891
/

Palm Bay | Rent Comparison by Neighborhood

Neighborhood
vs.

Rent in Grant-Valkaria is the same as in St Sebastian

$1,891

Grant-Valkaria rent is 23% higher than Palm Bay average

Average Rent $1,891
$1,891

St Sebastian rent is 23% higher than Palm Bay average

Average Rent $1,891

How Palm Bay Compares to Other Cities

City Average Rent
Jacksonville $1,522
Cape Coral $2,218
Kissimmee $1,857
Tampa $1,898
Miami $2,396
Orlando $1,933
Winter Haven $1,456
Palm Bay $1,537
St. Petersburg $1,989
Gainesville $1,662
Lakeland $1,489
Davenport $1,945
Haines City $1,009
Saint Cloud $1,832
Winter Park $1,716
Oviedo $2,267
Maitland $1,928
Winter Springs $1,767
Casselberry $1,593
West Melbourne $1,786
Rockledge $1,890

What is the average price for a storage unit in Palm Bay?

The average rent for a non-climate-controlled 10'x10' storage unit in Palm Bay is $168.73. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.

Most Popular Apartments in Palm Bay

3350 Wedgewood Rd NE 1-3 Beds Apartment for Rent
Today

Ascent Of Palm Bay

3350 Wedgewood Rd NE, Palm Bay, FL 32905
  • 1 BED
  • 2 BEDS
  • 3 BEDS
  • $1,223+
  • $1,448+
  • $1,673+
a resort style pool with lounge chairs and trees in the background
Today

Malabar Lakes Apartments

1018 Malabar Lakes Dr NE, Palm Bay, FL 32905
  • 1 BED
  • 2 BEDS
  • $1,421+
  • $1,643+
100 Larch Cir NE 1-2 Beds Apartment for Rent
Today

10X Harbour Bay

100 Larch Cir NE, Palm Bay, FL 32905
  • 1 BED
  • 2 BEDS
  • Ask for Pricing
  • $1,450
1530 Windwood Dr. NE - Office Studio-2 Beds Apartment for Rent
Today

Windwood

1530 Windwood Dr. NE - Office, Palm Bay, FL 32905
  • Studio
  • 1 BED
  • 2 BEDS
  • $1,063+
  • $1,115+
  • Ask for Pricing
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