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Rental Market Trends in Palm Bay, FL

What is the average rent in Palm Bay, FL?Choose another area

The average rent in Palm Bay, FL, as of August 2025, is approximately $3200 per month for all property types. Rent prices can vary depending on the neighborhood and the type of rental property. Rent prices are influenced by factors like neighborhood popularity, proximity to amenities, and the overall housing market trends in the city.

USA
Market summary

Data is based on rental rates on sulekha.com. Last updated in August  2025.

Average Rental Price Over Time

How much has the average rent changed in Palm Bay, FL?

The average rent for all bedrooms and all property types is $3200,which is 0% increase compared to the previous year.

  • 2024
  • 2025

Occupied Housing Units in Palm Bay, FL

Property

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    Palm Bay, FLvs
    USA
    $3200

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    Neighborhoods Average rent

    Ballast Point, FL

    $2395

    Bayshore Beautiful, FL

    $2395

    Bayshore Gardens, FL

    $2395

    Beach Park, FL

    $2395

    Armenia Gardens Estates, FL

    $2036

    Bayside West, FL

    $1893
    FAQs

    Answers to Your Rental Questions

    We've got answers to your most common questions about rentals, from property listings to pricing trends and everything in between.
    • What is the average rent in Palm Bay, FL?

      The average rent in Palm Bay, FL is around $3200 per month. However, this can vary depending on the neighborhood, the size of the rental unit, and the property's condition. For example, rents are typically higher in desirable areas close to amenities and popular destinations. Larger apartments or homes with multiple bedrooms or modern amenities can also be more expensive. Keep these factors in mind when searching for a rental in Palm Bay, FL.

    • How many rentals are available in Palm Bay, FL?

      Currently, there are 14 rental properties available in Palm Bay, FL. This includes a variety of options such as apartments, condos, town homes, single-family homes, single rooms, shared rooms and pg accommodations catering to different budgets and preferences. So, if you're looking for a place to rent in Palm Bay, FL, you have plenty of choices to explore!

    • What are the best neighborhoods to rent in Palm Bay, FL?

      If you're looking for budget-friendly neighborhoods in Palm Bay, FL, consider these options:

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      These neighborhoods offer rental rates lower than the city's overall average, making them attractive options for renters.

    • What are the most affordable neighborhoods in Palm Bay, FL?

      The most expensive neighborhoods in Palm Bay, FL are:

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    • How much has the average rent changed in Palm Bay, FL?

      Over the past year, the average rent in Palm Bay, FL have increased by approximately 0%, which translates to $266 per month. This change reflects shifting market trends and evolving housing demand in the area, impacting renters' costs and affordability.

    • How much has the rent in Palm Bay, FL increased or decreased in the last month?

      The Average rent price in Palm Bay, FL for August 2025 is $3200, which is $208 less than in July.

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