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

Rental Market Trends in Palm Bay, FL

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Palm Bay, FL is $2,000 per month, which is 3% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$2,000

1.0%$20 increase month-over-month

0.3%$5 increase year-over-year

AVAILABLE RENTALS

470

APARTMENTS

$1,479

HOUSES

$2,100

TOWNHOUSES

$1,700

As of September 2026, apartments are the most affordable rental option in Palm Bay, FL at $1,479 per month, while houses are the most expensive at $2,100 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	$1,974
4 Bedrooms	$2,250
All	$2,000

As of September 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, $1,974 for a 3 bedroom rental, and $2,250 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,151
2 Bedrooms	$1,650
3 Bedrooms	$2,150
4 Bedrooms	$2,330
All	$1,700

As of September 2026, the average rent for a 1 bedroom townhome in Palm Bay, FL is $1,151 per month, followed by $1,650 for a 2 bedroom townhome, $2,150 for a 3 bedroom townhome, and $2,330 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,375
2 Bedrooms	$1,450
3 Bedrooms	$1,830
4 Bedrooms	$1,364
All	$1,500

As of September 2026, the average rent for a 1 bedroom apartment in Palm Bay, FL is $1,375 per month, followed by $1,450 for a 2 bedroom apartment, $1,830 for a 3 bedroom apartment, and $1,364 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,000
2 Bedrooms	$1,650
3 Bedrooms	$1,962
4 Bedrooms	$2,290
All	$2,100

As of September 2026, the average rent for a 1 bedroom house in Palm Bay, FL is $1,000 per month, followed by $1,650 for a 2 bedroom house, $1,962 for a 3 bedroom house, and $2,290 for a 4 bedroom house.