Last updated on September 5, 2026

Average rent in
Palmetto, FL

Key takeaways for renters

  • The bottom line

    Palmetto, FL rent slipped 5.5% year over year, with a current median of $2,220/month. Renters today are paying $188 less per month on average than last year, a cooldown from the peak of $2,600/month in April 2025.

  • Palmetto runs 16.2% more expensive than the $1,910/month national median, placing it in the pricier tier for renters seeking housing in smaller Florida metros with 71 total rentals.

  • Rent ranges by bedroom

    Studios in Palmetto sit around $1,135/month, 1-bedrooms around $1,430/month, and 2-bedrooms around $1,869/month, with 3-bedrooms at $2,232/month and 4+ bedrooms at $2,545/month. The inventory is weighted toward larger units, with 3-bedrooms making up 37.4% of rentals.

Median rent

Median rent in Palmetto

$2,220/mo

decreased by5%

vs previous year

The average rent in Palmetto is $2,220 per month as of August 2026. This is 16% above the national average rent, or $310 more per month.

$1.50

average price per square foot

Total rentals

Available rentals in Palmetto

71

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Palmetto rentals at each price point

75%56%38%19%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Palmetto, FL

Average rent prices in Palmetto have remained the same over the last month and have decreased by 5% 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, FL

Rent prices in Palmetto vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Palmetto is $1,699, whereas a house costs $2,322. 1-bedroom apartments in Palmetto run $1,597 on average, while 2-bedroom apartments are $1,699.

Listings

Studio

$1,135

17%

-

1 bedroom

$1,430

1%

17%

2 bedroom

$1,869

4%

1%

3 bedroom

$2,232

3%

5%

4 bedroom

$2,545

3%

No Change

Studio

Average rent

$1,135

Last 30 days

17%

1 bedroom

Average rent

$1,430

Last 30 days

1%

Last year

17%

2 bedroom

Average rent

$1,869

Last 30 days

4%

Last year

1%

3 bedroom

Average rent

$2,232

Last 30 days

3%

Last year

5%

4 bedroom

Average rent

$2,545

Last 30 days

3%

Last year

No Change

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

Compare median rent prices in Palmetto and Apollo Beach by all bedroom counts and property types.

Palmetto

Median rent price$2,220
increased by16%

higher than the national median

Median rent price$2,520
increased by32%

higher than the national median

Takeaway

The median rent for all rentals in Palmetto, FL is 12% lower than the median rent in Apollo Beach, FL.

Discover rentals in Palmetto, FL

319 & 321 9th St Dr W - Photo 1 of 1

2d ago

7.8

Very good

319 & 321 9th St Dr W

321 9th Street Dr W, Palmetto, FL 34221

3 beds

1 bath

$1,295

Price drop

Apartment for rent

522 10th St W #C - Photo 1 of 1

5d+ ago

Apartment for rent in Palmetto

2 Bedroom - The Crossings at Palmetto

522 10th St W #C, Palmetto, FL 34221

2 beds

1 bath

$1,299

Apartment for rent

Available Aug 8

518 12th St W #A - Photo 1 of 1

5d+ ago

Condo for rent in Palmetto

2 beds

1 bath

$1,350

Condo for rent

Available Mar 6

Oak Leaf Apartments - Photo 1 of 1

2d ago

8.3

Very good

Oak Leaf Apartments

900 21st St E, Palmetto, FL 34221

2–3 beds

1 bath

$1,495–$1,795

Apartment for rent

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 Palmetto, FL

Quick answers to common questions about the Palmetto rental market.

How much is rent in Palmetto?

The average rent in Palmetto is $2,220 per month as of August 29, 2026.

Is rent up or down in Palmetto?

Average rent prices in Palmetto have remained the same over the last month and have decreased by 5% since last year.

How does Palmetto rent compare to the national average?

Rent in Palmetto is 16% above the national average, which means renters are paying approximately $310 more per month.

What salary do I need to afford rent in Palmetto?

To comfortably afford rent in Palmetto, you'd need to earn approximately $89,000/year, based on spending no more than 30% of your income on rent.

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

October offers the best rental deals in Palmetto, with rents running about 12% lower than April's peak prices. December also shows less competition with lower overall demand compared to the busier January and July months.

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).

Apartments for rent in Bloomingdale