Indigo Palmetto Bay
9420-9500 SW 174th St,
Palmetto Bay, FL 33157
Studio - 3 Beds | $2,034 - $5,489
Rental Market Trends in Palmetto Bay, FL
What is the average rent in Palmetto Bay, FL?
$2,285/month
Average Rent
739 Sq Ft
Average Apartment Size
-1%
Decrease in the Last Year
Palmetto Bay, FL Rental Market Overview
The average rent in Palmetto Bay, FL is $2,285 per month. This is 38% higher than the national average rent price of $1,661/month, making Palmetto Bay one of the most expensive cities in the US.
- Studio apartments in Palmetto Bay average $2,124 per month.
- One-bedroom apartments in Palmetto Bay average $2,285 per month.
- Two-bedroom apartments in Palmetto Bay average $2,942 per month.
- Three-bedroom apartments in Palmetto Bay average $3,756 or more per month.
Data Updated: July 1, 2026
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 1%, which averages out to $22 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 July 2026
Legend
2025
2026
Rent Ranges in Palmetto Bay, FL
Last Updated July 2026
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 $2,285, you’ll want to make about $7,616 per month or $91,392 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
-
$2,066/month
One Bedroom
-
$2,216/month
Two Bedroom
-
$2,810/month
Three Bedroom
-
$3,710/month
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Frequently Asked Questions
What is the average rent in Palmetto Bay?
The average rent in Palmetto Bay is $2,285 per month, which is 37.6% higher than the national average of $1,661.
What is the average rent for a house in Palmetto Bay?
The average rent for a house in Palmetto Bay, FL is $4,826 per month.
What is the average rent for a townhome in Palmetto Bay?
The average rent for a townhome in Palmetto Bay, FL is $3,763 per month.
What is the average rent for a condo in Palmetto Bay?
The average rent for a condo in Palmetto Bay, FL is $1,862 per month.
Are rents going up or down in Palmetto Bay?
Rents in Palmetto Bay, FL are decreasing, with prices down 1.0% year-over-year and $22 less per month.
What rent range is most common in Palmetto Bay?
In Palmetto Bay, FL, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.