Apartments for Rent in Palm Bay, FL

Prices and availability in Palm Bay, FL were last updated on 7 Aug 2026.

The best apartments in Palm Bay, FL are: Eastshore Palm Bay, Westshore Palm Bay, Aqua Palm Bay, The Monroe on Monterey and Madalyn Landing.

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

The price range for a 1-bedroom apartment in Palm Bay, FL is between $1,204 and $1,955.

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 $1,440 and $2,784.

In Palm Bay, 20% of the residents are renting compared to 80% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 7% of Palm Bay's rentals, 40% are small-scale complexes with under 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.