Palm Bay, FL Homes for Rent

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  Starting at $1,564 Per Month

  • Studio - 3 Beds

  2485 Port Malabar Blvd NE, Palm Bay, FL 32905

  Located along the Indian River Lagoon on the innovative Space Coast, Tides at Palm Bay is a new apartment community where life is meticulously engineered to raise your standards. Maximize your momentum with an elevated, high-performance lifestyle — in your home and in every amenity space. Choose from our collection of intelligently designed studio, one-, two-, and three-bedroom apartments, where

  Tides at Palm Bay

  

  2485 Port Malabar Blvd NE, Palm Bay, FL 32905
• Explore Palm Bay

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  $2,800 Per Month

  • 5 Beds
  • 2.5 Baths
  • 2,370 Sq Ft
  • House for Rent

  1707 Colebrook Cir SW, Palm Bay, FL 32908

  Now available for rent! This spacious 2024-built home offers 5 bedrooms, 2.5 bathrooms, and a flexible layout designed for comfortable living. The primary suite is conveniently located on the first floor, along with a half bath for guests. Upstairs, you'll find four additional bedrooms and a generous loft-perfect for a second living area, playroom, or home office. Enjoy peaceful water views from

  

  Allison Roman

  Real Broker LLC

  1707 Colebrook Cir SW, Palm Bay, FL 32908
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  Starting at $1,255 Per Month

  • 1 - 3 Beds

  1000 Palm Place Dr NE, Palm Bay, FL 32905

  Embrace the dreamy Palm Bay lifestyle at The Braxton. With elevated amenities, upgraded in-home finishes, and a coveted location just minutes from the coast, our pet-friendly one, two, and three bedroom apartments in Palm Bay make for an ideal coastal retreat.Delight in the warm atmosphere of our resort-inspired community spaces for the perfect backdrop to your vacation-like lifestyle. The

  The Braxton

  

  1000 Palm Place Dr NE, Palm Bay, FL 32905
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  $2,300 Per Month

  • 4 Beds
  • 2 Baths
  • 1,787 Sq Ft
  • House for Rent

  1271 Monument Ave SE, Palm Bay, FL 32909

  City Water LOT!! No HOA!! No CDD!! Standard features of this home include 36'' real wood soft close cabinets, quartz countertops, luxury tile plank flooring, 9'4'' ceilings, large walk-in closets, an irrigation system, rain gutters over septic area, hurricane shutters, a spacious open floor plan, Energy Star S/S appliances, double pane low emission windows that help control your home's internal

  

  Rafael Felipe

  Arium Real Estate, LLC

  1271 Monument Ave SE, Palm Bay, FL 32909
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  Starting at $1,240 Per Month

  • 1 - 3 Beds

  1700 Woodlake Dr NE, Palm Bay, FL 32905

  Woodlake Village offers HUGE one, two and three bedroom Key West Style apartment homes with terrific amenities!

  Woodlake Village

  

  1700 Woodlake Dr NE, Palm Bay, FL 32905
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  $2,300 Per Month

  • 3 Beds
  • 2 Baths
  • 1,787 Sq Ft
  • House for Rent

  771 Campina Ave SE, Palm Bay, FL 32909

  City Water Lot!! No HOA!! No CDD!! Standard features of this home are 36'' real wood soft close cabinets, quartz countertops, luxury tile plank flooring, 9'4'' ceilings, large walk-in closets, irrigation system, rain gutters, hurricane shutters, spacious open floor plan, Energy Star S/S appliances, double pane low emission windows that help control your home's internal temperature and reduce

  

  Rafael Felipe

  Arium Real Estate, LLC

  771 Campina Ave SE, Palm Bay, FL 32909
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  Starting at $1,478 Per Month

  • 1 - 3 Beds

  205 Valor Dr SE, Palm Bay, FL 32909

  Gorgeous 1-, 2- and 3-bedroom floor plans feature modern interiors, designer inspired lighting, vinyl plank flooring, expansive windows for an abundance of natural light and spectacular gourmet kitchens with granite countertops, convenient islands and stainless-steel appliances.

  The Pointe at Palm Bay

  

  205 Valor Dr SE, Palm Bay, FL 32909
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  $1,750 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,496 Sq Ft
  • Townhouse for Rent

  1514 Manor Dr NE, Palm Bay, FL 32905

  Welcome home to this 2 story Townhome in a awesome location close to everything!When you walk in you will find a nice size living room with an additional space off the open kitchen that can be used for a family space with breakfast bar. There is also a half bath and some great storage space. The full size washer and dryer is downstairs as well.Up the carpeted stairs you will find the

  

  Elena Manfredi

  RE/MAX Elite

  1514 Manor Dr NE, Palm Bay, FL 32905
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  Starting at $1,237

  Total Monthly Price

  • Studio - 3 Beds

  333 Lake In the Woods Dr, Melbourne, FL 32901

  Embrace luxury apartment living in Melbourne, FL at Lake in the Woods Apartments, where a peaceful, resort-inspired setting meets modern comfort. Our pet-friendly apartments feature stylish finishes, vinyl plank flooring, vaulted ceilings, designer lighting, and private lake or wooded views, creating a calm retreat you'll love coming home to. Enjoy high-end community amenities including a

  Lake in the Woods Apartments

  

  333 Lake In the Woods Dr, Melbourne, FL 32901
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  $1,500 Per Month

  • 2 Beds
  • 2 Baths
  • 862 Sq Ft
  • Condo for Rent

  1680 Sunny Brook Ln NE Unit 211, Palm Bay, FL 32905

  Just bring your toothbrush to this FURNISHED 2/2 second floor condo in a wonderful location! This is a nice quite complex equipped with a community pool and so close to all.Cable/Internet/water/sewer and trash are all included in rent!Condo is tastefully and comfortably decorated. This would make a great property while you are getting familiar with the area.Close to restaurants,

  

  Elena Manfredi

  RE/MAX Elite

  1680 Sunny Brook Ln NE Unit 211, Palm Bay, FL 32905
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  Starting at $1,539

  Total Monthly Price

  • 1 - 3 Beds

  1205 Jaslo St SE, Palm Bay, FL 32909

  A secluded oasis like no other, Isla is the newest community to come alive in the Palm Bay area. Located near Interstate 95 and not far from Melbourne, you can indulge your desires in an eclectic variety of shops, restaurants, and country clubs. Enjoy designer finishes in our 1, 2 and 3 bedroom apartment homes, complete with chef-inspired kitchens, private balconies, and large bay windows.

  Isla

  

  1205 Jaslo St SE, Palm Bay, FL 32909
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  $1,900 Per Month

  • 3 Beds
  • 2 Baths
  • 1,858 Sq Ft
  • House for Rent

  154 Bamboo Ave SE, Palm Bay, FL 32909

  Spacious floor plan with room for everyone! This 3-bedroom, 2-bath home with a 2-car garage is located in the desirable SE Palm Bay area. The home features formal living and dining rooms, plus a separate family room, providing plenty of space for entertaining and everyday living. The spacious kitchen includes a breakfast nook for casual dining. An inside laundry room for extra convenience. This

  

  Sharon Maynard

  Space Coast Realty & Inv. LLC

  154 Bamboo Ave SE, Palm Bay, FL 32909
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  Starting at $1,310 Per Month

  • 1 - 3 Beds

  500 SW Malabar Rd, Palm Bay, FL 32907

  Madalyn Landing Apartments present the best of everything you're looking for in an apartment home. We are convenient to great schools, fine shopping and major thoroughfares in Palm Bay. As an outstanding example of solid concrete construction, Madalyn Landing apartment homes are available in a choice of spacious 1, 2 and 3 bedroom floor plans. Each has a host of popular features and many "extras"

  Madalyn Landing

  

  500 SW Malabar Rd, Palm Bay, FL 32907
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  $2,300 Per Month

  • 3 Beds
  • 2 Baths
  • 1,787 Sq Ft
  • House for Rent

  1080 Saint Johns St SE, Palm Bay, FL 32909

  No HOA!! No CDD!! Standard features of this home include 36'' real wood soft close cabinets, quartz countertops, luxury tile plank flooring, 9'4'' ceilings, large walk-in closets, an irrigation system, rain gutters, hurricane shutters, a spacious open floor plan, Energy Star S/S appliances, double pane low emission windows that help control your home's internal temperature and reduce noise

  

  Rafael Felipe

  Arium Real Estate, LLC

  1080 Saint Johns St SE, Palm Bay, FL 32909
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  Starting at $1,339 Per Month

  • 2 Beds

  1923 Pinewood Dr NE, Palm Bay, FL 32905

  Pick an ideal neighborhood with easy access to all that you want and need. Palm Bay Club Rentals is located near dining, retail, groceries, entertainment, and public parks. With easy access to major thoroughfares like Babcock, i95, and Palm Bay Road, commuting is a breeze. Our two-bedroom apartments are set back from the hustle and bustle, tucked away by our beautifully landscaped grounds. Come

  Azara Palm Bay

  

  1923 Pinewood Dr NE, Palm Bay, FL 32905
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  $2,300 Per Month

  • 4 Beds
  • 2 Baths
  • 1,830 Sq Ft
  • House for Rent

  1160 Albion St NW, Palm Bay, FL 32907

  Welcome home to this newer built 4/2/2.Light floods this beautiful home with a open floor plan- making it easy for furniture placement.Kitchen equipped with stainless steel appliances. There is plenty of counter/cabinet space, including an island that can double as a seating area. Also, the large pantry makes for great storage.Bedrooms are split-Master is very large with spa like

  

  Elena Manfredi

  RE/MAX Elite

  1160 Albion St NW, Palm Bay, FL 32907
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  Starting at $2,144

  Total Monthly Price

  • 1 - 3 Beds

  2700 Malabar Rd, Palm Bay, FL 32907

  Welcome Home to Havens at Palm Bay Reserve!

  Havens at Palm Bay Reserve

  

  2700 Malabar Rd, Palm Bay, FL 32907
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  $2,300 Per Month

  • 4 Beds
  • 2 Baths
  • 1,787 Sq Ft
  • House for Rent

  950 Bartram Ave SW, Palm Bay, FL 32908

  No HOA!! No CDD!! Standard features of this home include 36'' real wood soft close cabinets, quartz countertops, luxury tile plank flooring, 9'4'' ceilings, large walk-in closets, an irrigation system, rain gutters, hurricane shutters, a spacious open floor plan, Energy Star S/S appliances, double pane low emission windows that help control your home's internal temperature and reduce noise

  

  Rafael Felipe

  Arium Real Estate, LLC

  950 Bartram Ave SW, Palm Bay, FL 32908
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  Starting at $1,410 Per Month

  • Studio - 3 Beds

  1445 Sportsman Ln NE, Palm Bay, FL 32905

  Whether you're relaxing by the pool or enjoying your morning coffee in a sunlit living room, Magnolia at Palm Bay offers beautiful backdrops for your daily life. Explore the charm, style, and energy of our brand-new community.

  Magnolia at Palm Bay

  

  1445 Sportsman Ln NE, Palm Bay, FL 32905
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  $1,800 Per Month

  • 3 Beds
  • 2 Baths
  • 1,460 Sq Ft
  • House for Rent

  1450 Creel Rd NE, Palm Bay, FL 32905

  Great location of this 3 bedroom, 2 bath home in desirable NE Palm Bay. Large open living room that has French doors leading to kitchen with dining area. Home has new vinyl plank flooring in living areas and bedrooms, Kitchen and baths are tiled. Nice size back screened porch with fenced yard to enjoy the Florida weather. One car garage with opener for extra convenience. Close to schools, main

  

  Sharon Maynard

  Space Coast Realty & Inv. LLC

  1450 Creel Rd NE, Palm Bay, FL 32905
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  Starting at $1,442

  Total Monthly Price

  • 1 - 2 Beds

  100-500 Larch Cir NE, Palm Bay, FL 32905

  Discover peaceful waterfront-inspired living at 10X Harbour Bay, a welcoming apartment community in Palm Bay offering spacious one and two-bedroom apartment homes surrounded by lush landscaping and scenic nature preserve views. Featuring open-concept layouts, wood-style flooring, energy-efficient appliances, spacious walk-in closets, and screened-in patios or balconies, 10X Harbour Bay blends

  10X Harbour Bay

  

  100-500 Larch Cir NE, Palm Bay, FL 32905
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  $2,300 Per Month

  • 3 Beds
  • 2 Baths
  • 1,787 Sq Ft
  • House for Rent

  885 Talmadge Ave SE, Palm Bay, FL 32909

  No HOA!! No CDD!! Standard features of this home include 36'' real wood soft close cabinets, quartz countertops, luxury tile plank flooring, 9'4'' ceilings, large walk-in closets, an irrigation system, rain gutters, hurricane shutters, a spacious open floor plan, Energy Star S/S appliances, double pane low emission windows that help control your home's internal temperature and reduce noise

  

  Rafael Felipe

  Arium Real Estate, LLC

  885 Talmadge Ave SE, Palm Bay, FL 32909
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  Starting at $1,650 Per Month

  • 1 - 3 Beds

  701 Astor Drive Ne Palm Bay, Palm Bay, FL 32905

  Welcome to Astor Pointe, where luxury living meets convenience in Palm Bay, FL. Our stunning homes offer a lifestyle of comfort and style. Picture yourself enjoying the community amenities that cater to your every need, from the state-of-the-art fitness center to the resort-style swimming pool perfect for unwinding after a long day. Inside our homes, you'll find modern touches like luxury LVT

  Astor Pointe

  

  701 Astor Drive Ne Palm Bay, Palm Bay, FL 32905
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  $2,300 Per Month

  • 4 Beds
  • 2 Baths
  • 1,850 Sq Ft
  • House for Rent

  791 Reading St SE, Palm Bay, FL 32909

  Move-In Ready Make Palm Bay your home with this stunning modern design featuring: - Soft-close cabinets & drawers - Quartz countertops - Rainfall shower in master bathroom - Spacious walk-in closets - Flex room with closet (easily convertible to a 4th bedroom) Don't miss out! Let's make this house your dream home!

  

  Rafael Felipe

  Arium Real Estate, LLC

  791 Reading St SE, Palm Bay, FL 32909
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  Starting at $1,369

  Total Monthly Price

  • 1 - 3 Beds

  3350 Wedgewood Dr NE, Palm Bay, FL 32905

  Live Luxury Welcome to Ascent of Palm Bay Apartments, where coastal living meets convenience in Palm Bay, Florida. Adjacent to the Indian River and minutes from Melbourne's stunning beaches, our beautifully landscaped community offers one-, two-, and three-bedroom floor plans with spacious, open-concept living. Enjoy resort-style amenities including a junior Olympic-size swimming pool,

  Ascent of Palm Bay

  

  3350 Wedgewood Dr NE, Palm Bay, FL 32905
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  $2,500 Per Month

  • 3 Beds
  • 2 Baths
  • 1,983 Sq Ft
  • House for Rent

  410 La Croix Rd SW, Palm Bay, FL 32908

  City Water!!! No HOA, No CDD. Standard upgrades include: Energy Star SS Appliances, top-of-the-line 15-16 Seer AC, luxury tile plank flooring, quartz countertops, LED lighting, 36'' soft-close cabinets, an open floor plan with 9'4" ceilings and a tray ceiling in the master, an electric water heater, a covered lanai, an irrigation system, rain gutters over the septic area, hurricane shutters, and

  

  Rafael Felipe

  Arium Real Estate, LLC

  410 La Croix Rd SW, Palm Bay, FL 32908
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  Starting at $1,382

  Total Monthly Price

  • 1 - 3 Beds

  1880 Mogra Cir NE, Palm Bay, FL 32905

  Cozy up to comfort in one of Meri Palm Bay’s 1-, 2-, or 3-bedroom homes. Each floor plan offers room to stretch out with spacious patios or balconies, walk-in closets, and open living spaces. You can relax in style with high-end details adorning every bit of the interiors as well as fresh community amenities. Near Babcock Street, Palm Bay Road, and not far from i95, Meri Palm Bay also gives

  Meri Palm Bay

  

  1880 Mogra Cir NE, Palm Bay, FL 32905
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  $2,750 Per Month

  • 4 Beds
  • 2.5 Baths
  • 2,226 Sq Ft
  • House for Rent

  1098 Elmsford St NW, Palm Bay, FL 32907

  Welcome Home to this large 4/2/1 with enclosed pool. The home is on a nice size lot. When you walk in you have a a dining area and a flex space that can make a great office, den or an additional bedroom.The kitchen into the family room is open with a breakfast bar. Home has split bedroom, so master can be found on the one side through the double doors. Master is big with a huge walk-in closet

  

  Elena Manfredi

  RE/MAX Elite

  1098 Elmsford St NW, Palm Bay, FL 32907
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  Starting at $1,429

  Total Monthly Price

  • 2 - 4 Beds

  154 Daffodil Dr SW, Palm Bay, FL 32907

  Learn more about our current specials! Discover the perfect blend of coastal-inspired comfort and everyday convenience at Malabar Cove Apartment Homes. Ideally situated in the scenic Palm Bay area, our pet-friendly community offers an exceptional selection of 1, 2, 3, and 4-bedroom apartments in Palm Bay, FL. Designed with your

  Malabar Cove Apartments

  

  154 Daffodil Dr SW, Palm Bay, FL 32907
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  $2,000 Per Month

  • 3 Beds
  • 2 Baths
  • 1,441 Sq Ft
  • House for Rent

  144 Wishing Well Cir SW, Palm Bay, FL 32908

  Freshly painted interior and exterior, including the garage and window sills, giving it a beautiful, refreshed look. This home features a brand-new roof (2024) and is conveniently located near shopping and amenities. Inside, you'll find an open floor plan with an upgraded kitchen, featuring stylish cabinets, an eat-in area, and a breakfast bar that flows into the formal dining room. The home has

  

  Brenda Muh

  Space Coast Realty Corp.

  144 Wishing Well Cir SW, Palm Bay, FL 32908
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  Starting at $1,459 Per Month

  • 1 - 3 Beds

  2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905

  Aqua Palm Bay Apartments, located within the Bayfront Community Redevelopment District in Palm Bay, is a monumental modern apartment community near the Space Coast. Offering one, two, and three-bedroom apartment homes, Aqua Palm Bay Apartments features four-story mid-rise buildings, which have been selectively situated to maximize views and accessibility to natural areas, and water features

  Aqua Palm Bay

  

  2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905
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  $2,150 Per Month

  • 3 Beds
  • 2 Baths
  • 1,704 Sq Ft
  • House for Rent

  1481 Hollaman St NW, Palm Bay, FL 32907

  This 3 bedroom 2 bath home boasts a large front porch and a fenced in large yard on a cul-de-sac. An in ground pool with a large lanai for all your outside hosting and family get togethers. Huge shed with electric. Newer floors, hurricane shutters, updated kitchen bathrooms . Nice landscaping with no immediate neighbors. This house has a lot of room to roam.

  

  Marcella Raines

  United Realty of Brevard, Inc.

  1481 Hollaman St NW, Palm Bay, FL 32907
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  Starting at $1,570 Per Month

  • 2 Beds

  695 Short Hills Ln, Melbourne, FL 32905

  Welcome to Marin at Harvard in the charming city of Melbourne, Florida, where endless possibilities and a vibrant lifestyle awaits you. Nestled in the heart of the sun-soaked paradise is a stunning apartment that epitomizes the essence of modern coastal living. Marin at Harvard offers the best of both worlds. Enjoy the tranquility of a suburban retreat while being just a short drive away from the

  Marin at Harvard

  

  695 Short Hills Ln, Melbourne, FL 32905
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  $2,200 Per Month

  • 3 Beds
  • 2 Baths
  • 1,663 Sq Ft
  • House for Rent

  3094 San Filippo Dr SE, Palm Bay, FL 32909

  Be the first to live in this brand-new 2025 home featuring 3 bedrooms and 2 baths. The open floor plan and large windows fill the space with natural light, creating a bright and welcoming atmosphere. The open kitchen includes a spacious island, stainless steel appliances, and plenty of cabinet space--perfect for cooking and entertaining. The primary suite offers large vanity area and huge walk-in

  

  Sharon Maynard

  Space Coast Realty & Inv. LLC

  3094 San Filippo Dr SE, Palm Bay, FL 32909
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  Starting at $1,550 Per Month

  • 1 - 3 Beds

  2361 Commerce Park Dr NE, Palm Bay, FL 32905

  Now leasing beautifully designed One-, One + Den, Two-, and Three-Bedroom Apartment Homes crafted for comfort, style, and modern living.Perfectly located in the heart of Palm Bay, you'll enjoy being just minutes from the stunning beaches of Florida's Space Coast and the shopping, dining, and charm of Historic Downtown Melbourne.

  Eastshore Palm Bay

  

  2361 Commerce Park Dr NE, Palm Bay, FL 32905
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  $1,900 Per Month

  • 3 Beds
  • 2 Baths
  • 2,080 Sq Ft
  • House for Rent

  1846 San Filippo Dr SE, Palm Bay, FL 32909

  WELCOME HOME!!! This spacious 3-bedroom, 2-bath solid block home offers over 2,000 sq. ft. of comfortable living space with an open floor plan and storm shutters for added peace of mind. Inside, you'll find vaulted ceilings, split bedrooms, ceiling fans throughout, a breakfast bar, eat-in kitchen, pantry, and generous walk-in closets. The primary suite features his-and-her closets and a large

  

  Corinna Daninger

  EXP Realty, LLC

  1846 San Filippo Dr SE, Palm Bay, FL 32909
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  Starting at $1,397 Per Month

  • 1 - 3 Beds

  2331 Commerce Park Dr NE, Palm Bay, FL 32905

  Located in Palm Bay with a world of options for shopping and dining amongst natural coastal surroundings, this 100% smoke-free, pet-friendly community offers the flexible rental lifestyle you desire. Designer features like granite countertops and modern cabinetry will keep you comfortable in your brand new one, two, or three-bedroom apartment home. Convenience to I-95, US-1, and major employers

  Westshore Palm Bay

  

  2331 Commerce Park Dr NE, Palm Bay, FL 32905
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  $2,300 Per Month

  • 3 Beds
  • 2 Baths
  • 1,787 Sq Ft
  • House for Rent

  1080 St Johns St SE, Palm Bay, FL 32909

  No HOA!! No CDD!! Standard features of this home include 36'' real wood soft close cabinets, quartz countertops, luxury tile plank flooring, 9'4'' ceilings, large walk-in closets, an irrigation system, rain gutters, hurricane shutters, a spacious open floor plan, Energy Star S/S appliances, double pane low emission windows that help control your home's internal temperature and reduce noise

  

  Rafael Felipe

  Arium Real Estate, LLC

  1080 St Johns St SE, Palm Bay, FL 32909
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  Starting at $1,049 Per Month

  • 1 - 3 Beds

  1200 Hadley Cir SE, Palm Bay, FL 32909

  Welcome to The Park at Palm Bay, offering spacious one-, two-, and three-bedroom apartments in Palm Bay, FL. Enjoy thoughtfully designed homes with private balconies, spacious closets, and fully equipped kitchens, plus community amenities including a refreshing swimming pool, fitness center, and clubhouse. Conveniently located near I-95, shopping, dining, entertainment, and Florida's beautiful

  THE PARK AT PALM BAY

  

  1200 Hadley Cir SE, Palm Bay, FL 32909
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  $1,800 Per Month

  • 3 Beds
  • 2 Baths
  • 1,199 Sq Ft
  • House for Rent

  934 Westport St SE, Palm Bay, FL 32909

  Beautiful 3 bedroom, 2 bath, 1199 living sq. ft., 1 story home. Freshly painted interior. Open floor plan with living area, dining area, and island kitchen with breakfast bar & pantry. Spacious primary bedroom with walk-in closet and slider to covered patio. Primary bathroom with walk-in shower. Bathroom two with tub/shower. Large covered patio. Large back yard. Two car garage. Owner will

  

  Justin Brown

  RE/MAX Elite

  934 Westport St SE, Palm Bay, FL 32909

Showing Results 1 - 40, Page 1 of 11

Why Live in Palm Bay

Palm Bay's Turkey Creek Sanctuary provides a serene escape with boardwalks and trails where residents regularly spot manatees and native wildlife. The Indian River Lagoon creates abundant opportunities for fishing, boating, and kayaking, while Castaways Point Park features fishing piers and stunning waterfront views. The city maintains extensive recreational facilities including Palm Bay Regional Park, Fred Poppe Regional Park, and the Palm Bay Aquatic Center with its pools and water slides. Local dining ranges from waterfront seafood at The Shack Riverfront Restaurant to authentic Italian at Trattoria Bella, known for tableside four-cheese pasta preparations.

The housing market in Palm Bay presents diverse options across several neighborhoods. The median price for single family homes is $340,000, with variations by area: Bayside Lakes commands $365,000, while Bayfront Village homes typically list at $270,000. Condominiums start at a median price of $131,000 for one bedroom units and $154,900 for two bedrooms. Townhomes have a median price of $199,300.

Property taxes in Palm Bay remain competitive at 0.7%, matching neighboring Melbourne and West Melbourne. Florida residents benefit from no state income tax and a combined sales tax rate of 6.95%. The education system includes several highly rated private schools such as Holy Trinity Episcopal Academy and Saint Joseph Catholic School, both rated A plus by Niche. Melbourne Senior High School, rated A minus, serves the Northwest Palm Bay neighborhood. The city connects to major employment centers via I-95 and US-1, with Melbourne Orlando International Airport 20 minutes away and Orlando International Airport approximately one hour from Palm Bay.

Learn more about living in Palm Bay

Frequently Asked Questions

How much does it cost to rent a home in Palm Bay, FL?

The median rent for a home in Palm Bay, FL is $1,800 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

How much do you need to make to afford rent in Palm Bay, FL?

To comfortably afford the median rent in Palm Bay, FL, a household needs to earn roughly $72,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,800 per month in Palm Bay, FL, renters typically need to show $5,400 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Palm Bay, FL?

In Palm Bay, FL, the price-to-rent ratio is 15.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

What neighborhoods in Palm Bay, FL are best for renting a home?

The best neighborhood for renting in Palm Bay, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Port Malabar, Bayside Lakes, River Lakes, Floridana Beach and Paradise Beach, each with its own character and price range.

Rental Trends in Palm Bay, FL

There are currently 460 homes available for rent in Palm Bay, FL. The median rent is $1,800 per month, with single-family homes renting at $2,100, townhouses at $1,550 and condos at $1,400.

Rental Home Trends

Number of Homes for Rent 460	Median Rent $1,800
Median Single Family Home Rent $2,100	Median Townhouse Rent $1,550
Median Condo Rent $1,400