The Pointe at Palm Bay
205 Valor Dr SE,
Palm Bay, FL 32909
1-3 Beds | $1,525 - $2,576
Rental Market Trends in Palm Bay, FL
What is the average rent in Palm Bay, FL?
$1,361/month
Average Rent
705 Sq Ft
Average Apartment Size
-0.3%
Decrease in the Last Year
As of February 2025, the average rent in Palm Bay, FL is $1,361 per month. For comparison, the national average rent price in the US is currently $1,556/month, which means Palm Bay rent prices are 13% lower than the national average. When you rent an apartment in Palm Bay, you can expect to pay about $1,026 per month for a studio, $1,361 for a one-bedroom apartment, and around $1,543 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,854 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Palm Bay, FL?
In the past year, rent has decreased by 0.3%, which averages out to $4 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Palm Bay, FL
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
4%
Below $700/month
19%
$700 - $1,000/month
38%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
4%
Above $2,000/month
What salary do I need to live comfortably in Palm Bay, FL?
Because the average rent in Palm Bay is $1,361, you’ll want to make about $4,536 per month or $54,432 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Palm Bay, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Palm Bay, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Willow Bridge
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Greystar
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BH
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337
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RAM Partners
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284
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73,864
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162
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Hawthorne Residential Partners
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256
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62,086
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118
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American Landmark
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101
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31,415
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56
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Venterra
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87
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25,829
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52
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.