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

Rental Market Trends in Palm Bay, FL

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Palm Bay, FL is $2,000 per month, which is 3% higher than the national average rent of $1,951 per month.

AVERAGE RENT

$2,000

0.0%No change month over month

-1.1%-$22 decrease year-over-year

AVAILABLE RENTALS

389

APARTMENTS

$1,494

HOUSES

$2,100

TOWNHOUSES

$1,700

As of June 2026, apartments are the most affordable rental option in Palm Bay, FL at $1,494 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	$1,295
2 Bedrooms	$1,524
3 Bedrooms	$1,985
4 Bedrooms	$2,271
All	$2,000

As of June 2026, the average rent for a 1 bedroom rental in Palm Bay, FL is $1,295 per month, followed by $1,524 for a 2 bedroom rental, $1,985 for a 3 bedroom rental, and $2,271 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,475
2 Bedrooms	$1,700
3 Bedrooms	$1,750
4 Bedrooms	—
All	$1,700

As of June 2026, the average rent for a 1 bedroom townhome in Palm Bay, FL is $1,475 per month, followed by $1,700 for a 2 bedroom townhome, and $1,750 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$1,400
3 Bedrooms	$1,865
4 Bedrooms	$2,199
All	$1,600

As of June 2026, the average rent for a 1 bedroom apartment in Palm Bay, FL is $1,200 per month, followed by $1,400 for a 2 bedroom apartment, $1,865 for a 3 bedroom apartment, and $2,199 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,000
2 Bedrooms	$1,599
3 Bedrooms	$1,995
4 Bedrooms	$2,290
All	$2,100

As of June 2026, the average rent for a 1 bedroom house in Palm Bay, FL is $1,000 per month, followed by $1,599 for a 2 bedroom house, $1,995 for a 3 bedroom house, and $2,290 for a 4 bedroom house.