Indigo Palmetto Bay
9420-9500 SW 174th St,
Palmetto Bay, FL 33157
Studio - 3 Beds | $2,345 - $4,106
Rental Market Trends in Palmetto Bay, FL
What is the average rent in Palmetto Bay, FL?
$2,317/month
Average Rent
742 Sq Ft
Average Apartment Size
-6.8%
Decrease in the Last Year
As of January 2025, the average rent in Palmetto Bay, FL is $2,317 per month. This is 49% higher than the national average rent price of $1,554/month, making Palmetto Bay one of the most expensive cities in the US. When you rent an apartment in Palmetto Bay, you can expect to pay about $2,051 per month for a studio, $2,317 for a one-bedroom apartment, and around $2,837 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,802 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 Palmetto Bay, FL?
In the past year, rent has decreased by 6.8%, which averages out to $157 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 January 2025
Legend
2024
2025
Rent Ranges in Palmetto Bay, FL
Last Updated January 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Palmetto Bay?
Based on current rent prices, Palmetto Bay North and Palmetto Bay South" are the most affordable neighborhoods in Palmetto Bay.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Palmetto Bay?
Based on current rent prices, Palmetto Bay South and Palmetto Bay North" are the most expensive neighborhoods in Palmetto Bay.
Neighborhood
Average Rent
Average Sq Ft
Which Palmetto Bay neighborhoods have the most rentals available?
The neighborhoods in Palmetto Bay with the most apartments available are Palmetto Bay South and Palmetto Bay North" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Palmetto Bay, FL?
Because the average rent in Palmetto Bay is $2,317, you’ll want to make about $7,723 per month or $92,676 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 Palmetto Bay, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Palmetto 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.
Studio
-
$2,000/month
One Bedroom
-
$2,302/month
Two Bedroom
-
$2,792/month
Three Bedroom
-
$3,830/month
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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.