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

Rental Market Trends in Palm Bay, FL

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Palm Bay, FL is $1,950 per month, which is about the same as the national average rent of $1,932 per month.

AVERAGE RENT

$1,950

-2.5%-$50 decrease month-over-month

-2.3%-$45 decrease year-over-year

AVAILABLE RENTALS

401

APARTMENTS

$1,545

HOUSES

$2,088

TOWNHOUSES

$1,675

As of November 2026, apartments are the most affordable rental option in Palm Bay, FL at $1,545 per month, while houses are the most expensive at $2,088 per month. Townhomes average $1,675 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,300
2 Bedrooms	$1,500
3 Bedrooms	$1,963
4 Bedrooms	$2,275
All	$1,950

As of November 2026, the average rent for a 1 bedroom rental in Palm Bay, FL is $1,300 per month, followed by $1,500 for a 2 bedroom rental, $1,963 for a 3 bedroom rental, and $2,275 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,600
3 Bedrooms	$1,800
4 Bedrooms	$2,330
All	$1,675

As of November 2026, the average rent for a 2 bedroom townhome in Palm Bay, FL is $1,600 per month, followed by $1,800 for a 3 bedroom townhome, and $2,330 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,284
2 Bedrooms	$1,450
3 Bedrooms	$1,900
4 Bedrooms	$1,364
All	$1,500

As of November 2026, the average rent for a 1 bedroom apartment in Palm Bay, FL is $1,284 per month, followed by $1,450 for a 2 bedroom apartment, $1,900 for a 3 bedroom apartment, and $1,364 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,195
2 Bedrooms	$1,650
3 Bedrooms	$1,950
4 Bedrooms	$2,275
All	$2,088

As of November 2026, the average rent for a 1 bedroom house in Palm Bay, FL is $1,195 per month, followed by $1,650 for a 2 bedroom house, $1,950 for a 3 bedroom house, and $2,275 for a 4 bedroom house.