Last updated on October 21, 2026

Average rent in
Palmetto, FL

Key takeaways for renters

  • The bottom line

    Palmetto, FL rent slipped 2.1% year over year, with a current median of $2,250/month. Renters today are paying $39 less per month on average than last year. Month over month, rent increased 6.4% in October 2026.

  • Palmetto is 18.4% more expensive than the $1,900/month national median, reflecting a mid-tier metro market with 65 total rentals available.

  • Rent ranges by bedroom

    Studios rent for $1,075/month, 1-bedrooms for $1,577/month, and 2-bedrooms for $1,975/month. Larger units include 3-bedrooms at $2,268/month and 4+ bedrooms at $2,500/month. Houses make up 53.2% of inventory, while apartments account for 21.5%.

  • Neighborhood spotlight

    The 1-bedroom segment in Palmetto declined 29.2% year over year, diverging 27.1 percentage points from the citywide decline of 2.1%. This contrasts with modest increases in 2- and 3-bedroom rents.

Median rent

Median rent in Palmetto

$2,250/mo

decreased by2%

vs previous year

The average rent in Palmetto is $2,250 per month as of October 2026. This is 18% above the national average rent, or $350 more per month.

$1.52

average price per square foot

Total rentals

Available rentals in Palmetto

65

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Palmetto rentals at each price point

80%60%40%20%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 increased by 6% 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 Palmetto, FL

Rent prices in Palmetto vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Palmetto is $1,842, whereas a house costs $2,350. 1-bedroom apartments in Palmetto run $1,593 on average, while 2-bedroom apartments are $1,892.

Listings

Studio

$1,075

2%

-

1 bedroom

$1,577

3%

13%

2 bedroom

$1,975

5%

5%

3 bedroom

$2,268

2%

5%

4 bedroom

$2,500

1%

2%

Studio

Average rent

$1,075

Last 30 days

2%

1 bedroom

Average rent

$1,577

Last 30 days

3%

Last year

13%

2 bedroom

Average rent

$1,975

Last 30 days

5%

Last year

5%

3 bedroom

Average rent

$2,268

Last 30 days

2%

Last year

5%

4 bedroom

Average rent

$2,500

Last 30 days

1%

Last year

2%

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$2,250
increased by18%

higher than the national median

Median rent price$2,580
increased by36%

higher than the national median

Takeaway

The median rent for all rentals in Palmetto, FL is 13% lower than the median rent in Apollo Beach, FL.

Discover rentals in Palmetto, FL

900 21st St. E - Photo 1 of 1

1d ago

7.7

Very good

900 21st St. E

900 21st St E, Palmetto, FL 34221

2–3 beds

1 bath

$1,389–$1,744

1204 12th Ave W - Photo 1 of 1

5d+ ago

Apartment for rent in Palmetto

9204 34th Ave E #NA - Photo 1 of 1
Age restricted

5d+ ago

House for rent in Palmetto

3 beds

2 baths

$1,700

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
Palmetto unit for rent near local marinas, shops, and restaurants - Photo 1 of 1

1d ago

8.4

Very good

3 beds

1 bath

$1,795

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 $2,250 per month as of October 17, 2026.

Is rent up or down in Palmetto?

Average rent prices in Palmetto have increased by 6% over the last month and have decreased by 2% since last year.

How does Palmetto rent compare to the national average?

Rent in Palmetto is 18% above the national average, which means renters are paying approximately $350 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 $90,000/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 Apollo Beach