What is the average apartment size in Palmetto Bay?

The average size for a Palmetto Bay, FL apartment is 980 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 Palmetto Bay?

As of Oct / 2025, the average rent in Palmetto Bay is $2,642 per month, a 2.95% decrease from last year’s average of $2,722.

What is the average apartment size in Palmetto Bay?

The typical apartment in Palmetto Bay offers about 980 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Palmetto Bay, FL Rental Market Trends

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

The typical rent budget in Palmetto Bay ranges from $2,001 to $2,500 per month, with 42% of rentals in this range.

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

In Palmetto 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 Palmetto Bay is $2,642, a 2.95% decrease compared to the previous year, when the average rent was $2,722.

One-bedroom apartments provide 714 square feet for $2,294, balancing privacy and affordability.

Two-beedroom units at $2,786 offer 1,072 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,584 sq ft) for $3,404, suitable for larger households.

Average rent in Palmetto Bay, FL

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$2,642	980 sq. ft.
Studio	n/a	n/a
1 Bed	$2,294	714 sq. ft.
2 Beds	$2,786	1,072 sq. ft.
3 Beds	$3,404	1,584 sq. ft.

Palmetto Bay, FL rent trends

Rental prices in Palmetto Bay, FL have decreased by 2.95% over the past year. The average rent moved from $2,722 to $2,642.

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

The largest share of rentals in Palmetto Bay, FL (42%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

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

1,707 or 21% of the households in Palmetto Bay, FL are renter-occupied while 6,431 or 79% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Palmetto Bay Compares to Other Cities

City	Average Rent
Palmetto Bay	$2,642
Miami	$2,721
Jacksonville	$1,495
Tampa	$2,009
Kissimmee	$1,821
Fort Myers	$1,758
Orlando	$1,802
Fort Lauderdale	$2,727
Cape Coral	$1,705
St. Petersburg	$2,028
West Palm Beach	$2,407
Miami Shores	$3,109

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 Palmetto 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.