Apartments for Rent in Palm Bay, FL

Prices and availability in Palm Bay, FL were last updated on 11 Aug 2026.

The best apartments in Palm Bay, FL are: Madalyn Landing, 10X Harbour Bay, Palm Breeze Apartments, THE PARK AT PALM BAY and Malabar Cove Apartments.

The average rent in Palm Bay, FL is $1,545.

The price range for a 1-bedroom apartment in Palm Bay, FL is between $1,250 and $2,135.

The price range for a 2-bedroom apartment in Palm Bay, FL is between $1,390 and $2,558.

The price range for a 3-bedroom apartment in Palm Bay, FL is between $1,599 and $2,862.

In Palm Bay 20% of the housing is rented out compared to 80% of homes are owned, according to the most recent Census Bureau estimates. 7% of Palm Bay's apartments are found in large buildings of 50 units or more, 40% are located in smaller apartment complexes with less than 50 units, and 50% are single-family rentals.

The average age of rental buildings in Palm Bay is 27 years old, with 39% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Palm Bay come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 38% of the total apartments in the city, while 2-bedroom floorplans represent around 48% of all rentals in Palm Bay. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.