Cheap Apartments for Rent in Palm Bay, FL
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SPECIAL OFFERPET FRIENDLY$1,310 - $2,395/mo
Studio-3 Beds
1-2 BathsMagnolia at Palm Bay | 1445 Sportsman Ln NE,
Palm Bay, FL 32905
SPECIAL OFFERPET FRIENDLY$1,337 - $2,016/mo1-3 Beds1-2 BathsWestshore Palm Bay | 2331 Commerce Park Dr NE,
Palm Bay, FL 32905
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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 stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $2,000 |
| Jul 2026 | $2,000 |
| Aug 2026 | $2,005 |
| Sep 2026 | $1,995 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,285 | $1,500 | $1,971 | $2,250 | $1,995 |
| Townhomes | $1,195 | $1,600 | $1,744 | $2,330 | $1,650 |
| Apartments and Condos | $1,250 | $1,495 | $1,845 | $950 | $1,500 |
| Houses | $1,195 | $1,650 | $1,982 | $2,281 | $2,100 |
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 $1,788 per month. This is about 9% 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 $1,285 per month. That is about $190 more than the cost of a studio apartment.
- How many available rental listings are in Palm Bay, FL?There are 469 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.
View this page in Spanish: Apartamentos baratos en renta en Palm Bay, FL - 1,016 Rentas | Trulia