Cheap Apartments for Rent in Palm Bay, FL
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PET FRIENDLYINCOME RESTRICTED$980 - $1,103/mo
1-2 Beds
1 BathThe Pines Apartments | 3016 Pinewood Dr NE #345b863d1,
Palm Bay, FL 32905
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$1,095 - $1,495/moStudio-2 Beds1 BathBottlebrush | 1630 Bottlebrush Dr NE #c375ebf52,
Palm Bay, FL 32905
NEW - 2 DAYS AGO
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$1,225 - $1,600/mo1-3 Beds1-2 BathsCOUNTRY GARDEN | 1608 Sunny Brook Ln NE #M208,
Palm Bay, FL 32905
SPECIAL OFFERPET FRIENDLY$1,240 - $1,500/mo1-2 Beds1-2 BathsWoodlake Village | 1700 Woodlake Dr NE #41102,
Palm Bay, FL 32905
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SPECIAL OFFERPET FRIENDLY$1,299 - $1,590/mo2 Beds1 BathMercury Cove Apartments | 484 Mercury Ave SE #480208,
Palm Bay, FL 32909
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Average Rent Trends in Palm Bay, FL
Rent in Palm Bay, FL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,025 |
| Jul 2025 | $2,017 |
| Aug 2025 | $2,000 |
| Sep 2025 | $1,980 |
| Oct 2025 | $2,000 |
| Nov 2025 | $1,995 |
| Dec 2025 | $1,992 |
| Jan 2026 | $2,000 |
| Feb 2026 | $2,000 |
| Mar 2026 | $2,000 |
| Apr 2026 | $2,025 |
| May 2026 | $2,000 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,372 | $1,500 | $1,999 | $2,255 | $2,000 |
| Townhomes | $1,475 | $1,500 | $1,750 | — | $1,650 |
| Apartments and Condos | $1,250 | $1,400 | $1,880 | $2,199 | $1,750 |
| Houses | $1,000 | $1,595 | $2,000 | $2,255 | $2,135 |
Frequently Asked Questions about Rentals in Palm Bay, FL
- What is the average rent of an apartment in Palm Bay, FL?The average rent of an apartment in Palm Bay, FL is $1,477 per month. This is about 23% lower than the national average.
- What is the average rent of a house in Palm Bay, FL?The average rent of a house in Palm Bay, FL is $2,135 per month. This is about 11% higher than the national average.
- What is the average rent of a townhome in Palm Bay, FL?The average rent of a townhome in Palm Bay, FL is $1,650 per month. This is about 14% lower than the national average.
- When is the average rent cheapest in Palm Bay, FL?In the last year, the average rent in Palm Bay, FL was lowest in Feb 2025 when it was $1,975 per month.
- When is the average rent most expensive in Palm Bay, FL?In the last year, the average rent in Palm Bay, FL was highest in May 2025 when it was $2,035 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Palm Bay, FL?The average rent of a 1 bedroom apartment in Palm Bay, FL is $1,372 per month. That is about $277 more than the cost of a studio apartment.
- How many available rental listings are in Palm Bay, FL?There are 401 available rental listings in Palm Bay, FL.
- What are some zip codes in Palm Bay, FL?
- What are some cities near Palm Bay, FL?Some nearby cities include: Grant-Valkaria, Malabar, West Melbourne, Melbourne Village, Melbourne Beach. These cities may have more rental options to explore.