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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  $2,750 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 $1,245 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

  • 3 Beds
  • 2 Baths
  • 1,672 Sq Ft
  • House for Rent

  1513 Garabaldi Cir SE, Palm Bay, FL 32909

  Brand New Lakefront Rental! Be the first to live in this beautiful 3-bedroom, 2-bath home with over 1,600 square feet of living space. This split floor plan features luxury vinyl plank flooring throughout--no carpet anywhere! The open great room design is perfect for entertaining, while the upgraded kitchen offers quartz countertops, stainless steel appliances, and plenty of cabinet space. Enjoy

  

  Marcie Bolt

  Engel&Voelkers Melb Beachside

  1513 Garabaldi Cir 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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  $1,800 Per Month

  • 2 Beds
  • 2 Baths
  • 1,394 Sq Ft
  • Townhouse for Rent

  620 Remington Green Dr SE Unit 103, Palm Bay, FL 32909

  Enjoy Florida living in this well maintained 2-bedroom, 2-bath townhome located in the gated community of Fairway Crossings at Bayside Lakes. The open living and dining area features sliding doors leading to a trussed, screened porch with peaceful pond views. A bonus room off the living area provides flexible space for an office, den, or hobby room. The kitchen offers ample cabinet and counter

  

  Sharon Maynard

  Space Coast Realty & Inv. LLC

  620 Remington Green Dr SE Unit 103, Palm Bay, FL 32909
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  Starting at $1,586 Per Month

  • 1 - 2 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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  $1,995 Per Month

  • 3 Beds
  • 2.5 Baths
  • 1,329 Sq Ft
  • House for Rent

  834 Wateroak Dr NE, Palm Bay, FL 32905

  Beautiful 3-Bedroom, 2.5-Bath Home for Rent in Palm Bay! This spacious and stylish home features 3 bedrooms and 2.5 baths, with the primary suite conveniently located on the main level. Enjoy easy living with tile and wood plank flooring throughout, vaulted ceilings, and abundant natural light. Lawn care is included, so you can spend more time enjoying the community pool and less time worrying

  

  Debbie Strawhand

  Avanti Way Realty LLC

  834 Wateroak Dr NE, Palm Bay, FL 32905
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  Starting at $1,334

  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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  $2,300 Per Month

  • 4 Beds
  • 2 Baths
  • 1,918 Sq Ft
  • House for Rent

  239 Guinevere Dr, Palm Bay, FL 32908

  Welcome home to this newer built 4 bdrm 2 full bath fully fenced property in the desirable gated community of Brentwoods Lake. Light floods this spacious open concept living area that seamlessly flows into the dining room and kitchen.Kitchen has tons of cabinets and counter space and is also equipped with nice size kitchen island, great for an additional seating area. Not to mention a HUGE

  

  Elena Manfredi

  RE/MAX Elite

  239 Guinevere Dr, Palm Bay, FL 32908
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  Starting at $1,245 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. Were 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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  $1,475 Per Month

  • 1 Bed
  • 1 Bath
  • 672 Sq Ft
  • Condo for Rent

  4714 Overlook Dr NE, Palm Bay, FL 32905

  Fully remodeled throughout 1-bedroom, 1-bathroom unit in NE Palm Bay with washer and dryer included in the unit. Brand new kitchen and bathroom. 6 months minimum. Located directly across from the Indian River, this home offers modern updates throughout. Close to Turkey Creek, Goode Park Boat Ramp, L3 Harris, Raytheon, and major attractions like Cocoa Beach and Disney World. Includes 1 assigned

  

  David Andai

  Compass Florida LLC

  4714 Overlook Dr NE, Palm Bay, FL 32905
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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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  $2,200 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 $1,320 Per Month

  • Studio - 3 Beds

  1445 Sportsman Ln NE, Palm Bay, FL 32905

  Welcome home to our new luxury apartments at Magnolia at Palm Bay! Enjoy resort-style amenities and a premier lifestyle in an ideal Palm Bay, FL location. 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. Whether you're looking for a comfortable 2-bedroom or a spacious 3-bedroom layout,

  Magnolia at Palm Bay

  

  1445 Sportsman Ln 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 $1,529

  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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  $2,100 Per Month

  • 3 Beds
  • 2 Baths
  • 1,873 Sq Ft
  • House for Rent

  852 Remsen Ave NW, Palm Bay, FL 32907

  This home features a bright and open floor plan, complete with a flexible bonus space--perfect for a home office, playroom, or cozy den. The spacious owner's suite offers a large walk-in closet and a luxurious bathroom with double vanity sinks. Step out back to relax on the screened-in porch overlooking a peaceful backyard--ideal for quiet mornings or evening unwinding. Pets are welcome with a

  

  Allison Roman

  Real Broker LLC

  852 Remsen Ave NW, Palm Bay, FL 32907
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  Starting at $1,372

  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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  $1,350 Per Month

  • 2 Beds
  • 1 Bath
  • 870 Sq Ft
  • Apartment for Rent

  1123 Tree Ridge Ln NE, Palm Bay, FL 32905

  2BR/1BA second-floor apartment at 1123 Tree Ridge Ln, Palm Bay. Features spacious living area, full kitchen with dishwasher, dining area, five closets, and four ceiling fans with lights. Includes laundry room with washer and dryer hookups, two balconies with sliding doors, Venetian blinds, and a mix of carpet and tile flooring.

  

  Randall Wouters

  EXP Realty, LLC

  1123 Tree Ridge Ln NE, Palm Bay, FL 32905
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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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  $2,400 Per Month

  • 3 Beds
  • 2 Baths
  • 1,480 Sq Ft
  • Condo for Rent

  5011 Dixie Hwy NE Unit 210, Palm Bay, FL 32905

  Enjoy exceptional waterfront living in this spacious second-floor 3-bedroom, 2-bath condo with breathtaking river views and a 1-car garage. The open living & dining area features a built-in wet bar and sliding glass doors leading to a spectacular 45-foot balcony that spans the living room, primary suite, and guest bedroom. The primary suite offers a walk-in closet, dual vanities, and a step-in

  

  Sharon Maynard

  Space Coast Realty & Inv. LLC

  5011 Dixie Hwy NE Unit 210, Palm Bay, FL 32905
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  Starting at $1,449 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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  $2,900 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 $1,429

  Total Monthly Price

  • 2 - 4 Beds

  154 Daffodil Dr SW, Palm Bay, FL 32907

  Learn more about our current specials! Malabar Cove Apartments in Palm Bay, Florida is conveniently located off I-95 and Malabar Road with immediate access to the Space Coast. Residents can find numerous restaurants, cafes, and shops, offering a diverse range of cuisines and products, all within walking distance. For those seeking

  Malabar Cove Apartments

  

  154 Daffodil Dr SW, 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 $1,570 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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  $2,300 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 $1,423 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

  771 Campina Ave SE, Palm Bay, FL 32909

  City Water!! 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

  

  Rafael Felipe

  Arium Real Estate, LLC

  771 Campina Ave SE, Palm Bay, FL 32909
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  Starting at $1,440 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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  $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 $1,046 Per Month

  • 1 - 3 Beds

  1200 Hadley Cir SE, Palm Bay, FL 32909

  •24 Hour Courtesy Patrol •Access to Public Transportation •Airport Transportation •Basketball Court •Beautiful Landscaping •Business Center •Cable Available •Children's Play Area •Clubhouse •Copy & Fax Services •Easy Access to Freeways & Shopping •Guest Parking •On-Call & On-Site Maintenance •Picnic Area with Barbecue •Public Parks Nearby •Shimmering Swimming Pool •State-Of-The-Art Fitness Center

  Park at Palm Bay Apartments

  

  1200 Hadley Cir SE, Palm Bay, FL 32909
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  $1,450 Per Month

  • 2 Beds
  • 1 Bath
  • 850 Sq Ft
  • Apartment for Rent

  451 Mercury Ave SE Unit 201, Palm Bay, FL 32909

  AVAILABLE FOR RENT NOW!!! 50% OFF 1 MONTH'S RENT!! Welcome to your two-bedroom, one-bath apartment in Southeast Palm Bay! This bright and spacious home features an updated kitchen with modern appliances and generous counter space. Both bedrooms offer ample closet space for comfort. Enjoy the convenience of a stackable washer and dryer, making laundry easy. Located near shops, parks, and dining,

  

  Jodie Bizarro

  Waterman Real Estate, Inc.

  451 Mercury Ave SE Unit 201, Palm Bay, FL 32909
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  Starting at $1,291

  Total Monthly Price

  • 1 - 2 Beds

  1018 Malabar Lakes Dr NE, Palm Bay, FL 32905

  Malabar Lakes

  

  1018 Malabar Lakes Dr NE, Palm Bay, FL 32905
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  $2,500 Per Month

  • 3 Beds
  • 2 Baths
  • 2,061 Sq Ft
  • House for Rent

  1170 Briar Run Cir, Malabar, FL 32950

  Contemporary Pool Home In Brook Hollow Surrounded By The Turkey Creek Sanctuary. Location Affords A Calming ''Country In The City'' Atmosphere And Easy Access To Hiking/Nature Trails. Situated On A Cul-De-Sac Lot Backing To A Preserve, This Spacious Pool Home Even Includes Lawn Care and Pool Maintenance. Vaulted Ceilings In Living Areas, Clerestory Windows and Skylights Make it Light & Bright.

  

  Joseph Mignone

  Dale Sorensen Real Estate Inc.

  1170 Briar Run Cir, Malabar, FL 32950
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  Starting at $895 Per Month

  • Studio - 1 Bed

  4700 Dixie Hwy NE, Palm Bay, FL 32905

  Experience the Modern Lifestyle.Endless opportunities await you at Indian River Flats. Here, you can effortlessly enjoy, explore, and experience all the community has to offer. Explore our comfortable living spaces and updated interiors, then enjoy our Views of the Indian River and On-site retail. At Indian River Flats, you’ll have everything you need for a cozy and convenient living experience.

  Indian River Flats

  

  4700 Dixie Hwy NE, Palm Bay, FL 32905
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  Starting at $1,163 Per Month

  • 1 Bed

  1635 Monterey Dr NE, Palm Bay, FL 32905

  Comfort and convenience come together inside the one bedroom apartments at The Monroe on Monterey, a charming community nestled just minutes from some of Central Florida's most pristine beaches and Florida's space coast. From fully equipped modern kitchens with energy-efficient appliances to washers and dryers, each floor plan brims with features designed to make your everyday routine easier. In

  The Monroe on Monterey

  

  1635 Monterey Dr NE, Palm Bay, FL 32905
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  $1,860 Per Month

  • 4 Beds
  • 2 Baths
  • 1,750 Sq Ft
  • House for Rent

  1023 Garvey Rd SW, Palm Bay, FL 32908

  Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more; that's the power of purple!This 4-bedroom, 2-bathroom rental home in Palm Bay, FL, may be the right place for you. See the pictures to

  1023 Garvey Rd SW, Palm Bay, FL 32908
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  $2,030 Per Month

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

  1037 Garvey Rd, Palm Bay, FL 32908

  Apply now or schedule your self-tour today and take the first step toward getting more than just a place to live. Rent with FirstKey Homes for a home that's right for you, plus professional service and maintenance, innovative resident programs, and more; that's the power of purple!This 4-bedroom, 3-bathroom rental home in Palm Bay, FL, could be just what you’re looking for. See the

  1037 Garvey Rd, Palm Bay, FL 32908

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 $1,930 per month, though prices vary by neighborhood, size, and property type. As of July 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 $77,200 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 $1,930 per month in Palm Bay, FL, renters typically need to show $5,790 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 14.7, 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, June Park and Floridana Beach, each with its own character and price range.

Rental Trends in Palm Bay, FL

There are currently 448 homes available for rent in Palm Bay, FL. The median rent is $1,930 per month, with single-family homes renting at $2,100, townhouses at $1,575 and condos at $1,400.

Rental Home Trends

Number of Homes for Rent 448	Median Rent $1,930
Median Single Family Home Rent $2,100	Median Townhouse Rent $1,575
Median Condo Rent $1,400