Last updated on September 15, 2026

Average rent in
Palm Bay, FL

Median rent

Median rent in Palm Bay

$1,917/mo

decreased by2%

vs previous year

The average rent in Palm Bay is $1,917 per month as of September 2026. This is 1% above the national average rent, or $17 more per month.

$1.28

average price per square foot

Total rentals

Available rentals in Palm Bay

304

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Palm Bay rentals at each price point

85%64%43%21%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Palm Bay, FL

Average rent prices in Palm Bay have remained the same over the last month and have decreased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Palm Bay, FL

Rent prices in Palm Bay vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Palm Bay is $1,499, whereas a house costs $1,999. 1-bedroom apartments in Palm Bay run $1,378 on average, while 2-bedroom apartments are $1,499.

Listings

Studio

$1,204

5%

31%

1 bedroom

$1,200

4%

11%

2 bedroom

$1,550

1%

3%

3 bedroom

$1,900

No Change

No Change

4 bedroom

$2,200

No Change

2%

Studio

Average rent

$1,204

Last 30 days

5%

Last year

31%

1 bedroom

Average rent

$1,200

Last 30 days

4%

Last year

11%

2 bedroom

Average rent

$1,550

Last 30 days

1%

Last year

3%

3 bedroom

Average rent

$1,900

Last 30 days

No Change

Last year

No Change

4 bedroom

Average rent

$2,200

Last 30 days

No Change

Last year

2%

The table above reflects average rent prices in Palm Bay, FL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Palm Bay, FL compare to other cities?

Compare median rent prices in Palm Bay and Indialantic by all bedroom counts and property types.

Palm Bay

Median rent price$1,917
increased by1%

higher than the national median

Median rent price$2,837
increased by49%

higher than the national median

Takeaway

The median rent for all rentals in Palm Bay, FL is 32% lower than the median rent in Indialantic, FL.

Discover rentals in Palm Bay, FL

3221 Westminster Ave Se - Photo 1 of 1

5d+ ago

Apartment for rent in Palm Bay

421 Mercury Ave Se #6 - Photo 1 of 1

5d+ ago

Apartment for rent in Palm Bay

1300 Arlington Ln Ne #102 - Photo 1 of 1

5d+ ago

Townhouse for rent in Palm Bay

Residential Lease, Palm Bay, FL

1300 Arlington Ln Ne #102, Palm Bay, FL 32905

2 beds

2.5 baths

$1,250

1656 Sunny Brook Ln Ne #L102 - Photo 1 of 1

5d+ ago

Condo for rent in Palm Bay

Residential, Palm Bay, FL

1656 Sunny Brook Ln Ne #L102, Palm Bay, FL 32905

3 beds

2 baths

$1,488

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Palm Bay, FL

Quick answers to common questions about the Palm Bay rental market.

How much is rent in Palm Bay?

The average rent in Palm Bay is $1,917 per month as of September 12, 2026.

Is rent up or down in Palm Bay?

Average rent prices in Palm Bay have remained the same over the last month and have decreased by 2% since last year.

How does Palm Bay rent compare to the national average?

Rent in Palm Bay is 1% above the national average, which means renters are paying approximately $17 more per month.

Which neighborhoods are most affordable in Palm Bay?

The most affordable neighborhoods in Palm Bay are Courtyards At Sandy Pines Preserve ($1,499/mo), Port Malabar Country Club ($1,700/mo), and Palm Bay Colony ($1,706/mo).

What salary do I need to afford rent in Palm Bay?

To comfortably afford rent in Palm Bay, you'd need to earn approximately $77,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Palm Bay?

November and December offer the best rental deals in Palm Bay, with December seeing the lowest prices of the year. These months are about 5% cheaper than March, which has the highest rents, and November is the least competitive month with lower demand.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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