What's the average rent in Palm Bay, FL?

Rental Market Trends in Palm Bay, FL

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Palm Bay, FL is $2,039 per month, which is 4% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$2,039

1.9%$39 increase month-over-month

1.9%$39 increase year-over-year

AVAILABLE RENTALS

415

APARTMENTS

$1,603

HOUSES

$2,133

TOWNHOUSES

$1,700

As of August 2026, apartments are the most affordable rental option in Palm Bay, FL at $1,603 per month, while houses are the most expensive at $2,133 per month. Townhomes average $1,700 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,275
2 Bedrooms	$1,500
3 Bedrooms	$1,995
4 Bedrooms	$2,200
All	$2,039

As of August 2026, the average rent for a 1 bedroom rental in Palm Bay, FL is $1,275 per month, followed by $1,500 for a 2 bedroom rental, $1,995 for a 3 bedroom rental, and $2,200 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,195
2 Bedrooms	$1,700
3 Bedrooms	$1,744
4 Bedrooms	$2,330
All	$1,700

As of August 2026, the average rent for a 1 bedroom townhome in Palm Bay, FL is $1,195 per month, followed by $1,700 for a 2 bedroom townhome, $1,744 for a 3 bedroom townhome, and $2,330 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,250
2 Bedrooms	$1,450
3 Bedrooms	$1,970
4 Bedrooms	$905
All	$1,600

As of August 2026, the average rent for a 1 bedroom apartment in Palm Bay, FL is $1,250 per month, followed by $1,450 for a 2 bedroom apartment, $1,970 for a 3 bedroom apartment, and $905 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,075
2 Bedrooms	$1,600
3 Bedrooms	$2,000
4 Bedrooms	$2,245
All	$2,133

As of August 2026, the average rent for a 1 bedroom house in Palm Bay, FL is $1,075 per month, followed by $1,600 for a 2 bedroom house, $2,000 for a 3 bedroom house, and $2,245 for a 4 bedroom house.