Average Rent in Palmetto Bay, FL and Rent Price Trends

Rent trends in Palmetto Bay, FL

Average rent prices in Palmetto Bay have decreased by 9% over the last month and have decreased by 35% 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
Palmetto Bay, FL

Rent prices in Palmetto Bay vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Palmetto Bay is $2,350, whereas a house costs $5,800. 1-bedroom apartments in Palmetto Bay run $2,325 on average, while 2-bedroom apartments are $2,350.


Studio	$1,200	16%	28%
1 bedroom	$1,650	4%	9%
2 bedroom	$2,290	2%	16%
3 bedroom	$3,784	4%	11%
4 bedroom	$6,850	1%	1%

		Listings
Palmetto Bay	$2,946


Apartments	$2,350	5%	No Change
Condos	$1,750	1%	No Change
Houses	$5,800	8%	No Change
Rooms	$1,250	-	-

Studio

Average rent

$1,200

Last 30 days

16%

Last year

28%

1 bedroom

Average rent

$1,650

Last 30 days

Last year

2 bedroom

Average rent

$2,290

Last 30 days

Last year

16%

3 bedroom

Average rent

$3,784

Last 30 days

Last year

11%

4 bedroom

Average rent

$6,850

Last 30 days

Last year

The table above reflects average rent prices in Palmetto 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 Palmetto Bay, FL compare to other cities?

Compare median rent prices in Palmetto Bay and Country Walk by all bedroom counts and property types.

Palmetto Bay

Median rent price$2,915

53%

higher than the national median

Median rent price$3,337

76%

higher than the national median

Takeaway

The median rent for all rentals in Palmetto Bay, FL is 13% lower than the median rent in Country Walk, FL.

Average rent in nearby cities

Explore rent trends in neighboring markets

$3,337

$2,500

$2,500

$8,000

$2,400

$2,750

$5,800

$2,465

$2,550

$2,300

$2,980

$2,660

Discover rentals in Palmetto Bay, FL

5d+ ago

Condo for rent in Palmetto Bay

17255 Sw 95th Ave #K132, Palmetto Bay, FL 33157

2 beds

1 bath

$1,750

5d+ ago

Condo for rent in Palmetto Bay

17255 Sw 95th Ave #211, Palmetto Bay, FL 33157

2 beds

1 bath

$1,850

5d+ ago

Townhouse for rent in Palmetto Bay

$1,950 - 2 Bedroom 2.5 Bathroom Townhouse In S. Miami near UM, Metro, Bus, Fitness

15389 S Dixie Hwy #34, Palmetto Bay, FL 33157

2 beds

2.5 baths

$1,950

5d+ ago

Condo for rent in Palmetto Bay

Residential Lease, Palmetto Bay, FL

16601 Sw 83rd Ct #3, Palmetto Bay, FL 33157

2 beds

1 bath

$1,950

5d+ ago

Townhouse for rent in Palmetto Bay

Residential Lease, Palmetto Bay, FL

15385 S Dixie Hwy 22 Hwy, Palmetto Bay, FL 33157

2 beds

2 baths

$2,000

5d+ ago

Apartment for rent in Palmetto Bay

14500 Sw 88th Ave #163, Palmetto Bay, FL 33176

2 beds

2 baths

$2,000

5d+ ago

House for rent in Palmetto Bay

Residential Lease, Unincorporated Dade, FL

170 ter 10035 #B, Palmetto Bay, FL 33157

2 beds

1 bath

$2,100

5d+ ago

Condo for rent in Palmetto Bay

8701 Sw 141st St #L6, Palmetto Bay, FL 33176

2 beds

2 baths

$2,125

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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Frequently asked questions for Palmetto Bay, FL

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

How much is rent in Palmetto Bay?

The average rent in Palmetto Bay is $2,915 per month as of September 19, 2026.

Is rent up or down in Palmetto Bay?

Average rent prices in Palmetto Bay have decreased by 9% over the last month and have decreased by 35% since last year.

How does Palmetto Bay rent compare to the national average?

Rent in Palmetto Bay is 53% above the national average, which means renters are paying approximately $1,015 more per month.

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

To comfortably afford rent in Palmetto Bay, you'd need to earn approximately $117,000/year, based on spending no more than 30% of your income on rent.

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

April and December offer the best rental deals in Palmetto Bay, with April seeing the lowest rents and December being the least competitive month. July has the highest rents, running approximately 26% higher than April prices.

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).