1,424

Newest Homes for Rent in Palm Bay, FL

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  • /26

    Starting at $1,480 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

    (321) 499-9020

    2331 Commerce Park Dr NE, Palm Bay, FL 32905
  • /28

    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

    (321) 379-8383

    2361 Commerce Park Dr NE, Palm Bay, FL 32905
  • /12

    Starting at $1,694

    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

    (321) 516-0969

    2700 Malabar Rd, Palm Bay, FL 32907
  • /13

    Starting at $1,325

    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

    (321) 989-6920

    3350 Wedgewood Dr NE, Palm Bay, FL 32905
  • /15

    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

    (321) 499-1588

    2155 Robert J Conlan Blvd NE, Palm Bay, FL 32905
  • /60

    Starting at $1,295 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

    (321) 384-5823

    1000 Palm Place Dr NE, Palm Bay, FL 32905
  • /134

    Starting at $1,424 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

    (321) 341-5583

    500 SW Malabar Rd, Palm Bay, FL 32907
  • /116

    Starting at $1,507 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

    (833) 377-1988

    205 Valor Dr SE, Palm Bay, FL 32909
  • /35

    Starting at $1,164 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

    (321) 341-7265

    1635 Monterey Dr NE, Palm Bay, FL 32905
  • /20

    Starting at $1,374

    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

    (321) 339-0023

    100-500 Larch Cir NE, Palm Bay, FL 32905
  • /41

    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

    (321) 456-9417

    1205 Jaslo St SE, Palm Bay, FL 32909
  • /30

    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

    (321) 341-7440

    1700 Woodlake Dr NE, Palm Bay, FL 32905
  • /33

    Starting at $1,613 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

    (321) 341-6351

    695 Short Hills Ln, Melbourne, FL 32905
  • /76

    Starting at $1,231 Per Month

    • 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

    (321) 341-7515

    333 Lake In the Woods Dr, Melbourne, FL 32901
  • /25

    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

    (321) 485-7534

    154 Daffodil Dr SW, Palm Bay, FL 32907
  • /38

    Starting at $1,021 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

    (321) 541-4357

    4700 Dixie Hwy NE, Palm Bay, FL 32905
  • /15

    $2,045 Per Month

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • House for Rent

    406 Ocala St, Palm Bay, FL 32908

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $2189.90. That covers your base rent, $2045.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    406 Ocala St, Palm Bay, FL 32908
  • /14

    $1,800 Per Month

    • 3 Beds
    • 2 Baths
    • 1,644 Sq Ft
    • House for Rent

    1483 Jasper Ave NW, Palm Bay, FL 32907

    Introducing a charming oasis at 1483 Jasper Avenue Northwest, nestled in the serene neighborhood of Palm Bay, FL 32907. This delightful 3-bedroom, 2-bathroom home offers a generous 1644 sq ft of living space, perfect for creating lasting memories. Step inside to discover an inviting open floor plan that seamlessly blends comfort and style, making it ideal for both relaxing and entertaining. The

    1483 Jasper Ave NW, Palm Bay, FL 32907
  • /70

    $3,850 Per Month

    • 4 Beds
    • 3 Baths
    • 3,050 Sq Ft
    • House for Rent

    1639 Emmaus Rd NW, Palm Bay, FL 32907

    Experience the perfect blend of relaxation, privacy, and outdoor living in this remarkable pool home situated on 1.56 acres with a serene pond. The main residence features 4 bedrooms and 2 bathrooms, along with an attached 1-bedroom, 1-bath apartment, offering excellent flexibility for guests, extended family, or additional living space. This property has also been upgraded with a newly drilled

    Jatinkumar Patel Alliance Properties of Brev

    1639 Emmaus Rd NW, Palm Bay, FL 32907
  • /19

    $1,500 Per Month

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

    1641 Sunny Brook Ln NE Unit C201, Palm Bay, FL 32905

    Well-maintained 2/2 corner unit for lease. Located on the 2nd floor, this condo offers a spacious open floor plan with plenty of natural light and a relaxing screened-in balcony perfect for your morning coffee. The kitchen features ample counter space, and a breakfast bar overlooking the dining and living areas. Both bedrooms are generously sized, with the primary suite offering a private

    Rosi Rodriguez Real Broker LLC

    1641 Sunny Brook Ln NE Unit C201, Palm Bay, FL 32905
  • /24

    $2,250 Per Month

    • 4 Beds
    • 2 Baths
    • 1,804 Sq Ft
    • House for Rent

    1133 Hanover Ave, Palm Bay, FL 32908

    THIS BEAUTIFUL HOME WELCOMES YOU WITH A CHARMING FRONT PORCH THAT LEADS INTO A SPACIOUS LIVING ROOM FEATURING EXPOSED WOOD BEAMS AND BUILT-IN ENTERTAINMENT AREA. THE STUNNING KITCHEN IS OPEN TO THE DINING AREA AND PROVIDES A LARGE ISLAND WITH SEATING, PENDANT LIGHTS, QUARTZ COUNTERTOPS, TILE BACKSPLASH, WHITE 42-INCH CABINETS, STAINLESS STEEL APPLIANCES AND A DOUBLE-DOOR PANTRY. ALSO, ADDITIONAL

    Cheryl Smith Cheryl Smith Realty, Inc

    1133 Hanover Ave, Palm Bay, FL 32908
  • /24

    $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

    Agent Photo

    Rafael Felipe

    Arium Real Estate, LLC

    (321) 486-6703

    771 Campina Ave SE, Palm Bay, FL 32909
  • /41

    $2,400 Per Month

    • 4 Beds
    • 3 Baths
    • 2,411 Sq Ft
    • House for Rent

    2185 Acacia St NE, Palm Bay, FL 32905

    welcome to this spacious 2400sqf home, this beautiful house offers, 4 bedrooms, 3 fully upgraded bathrooms, fully upgraded kitchen with SS appliances, living room, dinning room, massive family room with built-in entertainment center, nice tile floors, city water, city sewer, great location and great school district.

    Dario Nunez RE/MAX Elite

    2185 Acacia St NE, Palm Bay, FL 32905
  • /24

    $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

    Agent Photo

    Rafael Felipe

    Arium Real Estate, LLC

    (321) 252-8917

    950 Bartram Ave SW, Palm Bay, FL 32908
  • /12

    Starting at $1,531 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

    (321) 341-8043

    2485 Port Malabar Blvd NE, Palm Bay, FL 32905
  • /11

    $1,840 Per Month

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

    1148 Wyoming Dr SE, Palm Bay, FL 32909

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $1984.90. That covers your base rent, $1840.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    (321) 334-3259

    1148 Wyoming Dr SE, Palm Bay, FL 32909
  • /2

    $2,480 Per Month

    • 4 Beds
    • 3 Baths
    • 1,820 Sq Ft
    • House for Rent

    3247 Halblum Ave SE, Palm Bay, FL 32909

    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, may be the right place for you. See the pictures to

    (321) 335-0124

    3247 Halblum Ave SE, Palm Bay, FL 32909
  • /2

    $2,480 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, has a lot to offer; does it check all your boxes? See

    (321) 320-7104

    1037 Garvey Rd, Palm Bay, FL 32908
  • /2

    $2,260 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

    (321) 496-1185

    1023 Garvey Rd SW, Palm Bay, FL 32908
  • /36

    $1,999 Per Month

    • 4 Beds
    • 2 Baths
    • 1,659 Sq Ft
    • House for Rent

    983 Pyracantha St NW, Palm Bay, FL 32907

    Welcome to 983 Pyrakantha Ave, Palm Bay — a beautifully crafted new construction home offering the perfect blend of modern style, comfort, and functionality. This spacious 4-bedroom, 2-bath residence features an open-concept floor plan designed for both everyday living and entertaining. Step inside to find elegant ceramic tile flooring throughout the home, creating a clean and modern look with

    Avi Sela SAFETYNET REALTY

    983 Pyracantha St NW, Palm Bay, FL 32907
  • /26

    $2,050 Per Month

    • 3 Beds
    • 2 Baths
    • 1,443 Sq Ft
    • House for Rent

    726 Scotten Ave SW, Palm Bay, FL 32908

    BRAND NEW 2026 CONSTRUCTION HOME FOR RENT WITH LEASE OPTION TO BUY! Great Palm Bay location, minutes away from food, shopping, and easy access to I95. Owner looking for a stable, long-term tenant. The owner will offer the option to buy at the end of the lease. Carpeted bedrooms and living areas. The master walk-in bedroom suite has walk in closet and a double vanity. Schedule your showing today!

    Lisa Vanlandingham Saltwater Real Estate

    726 Scotten Ave SW, Palm Bay, FL 32908
  • /28

    $1,400 Per Month

    • 2 Beds
    • 2 Baths
    • 1,069 Sq Ft
    • Condo for Rent

    2190 Forest Knoll Dr NE Unit 90-202, Palm Bay, FL 32905

    Beautifully updated 2 bedroom, 2 bath condo that is truly move-in ready. The kitchen and bathrooms have been remodeled, and new flooring runs throughout the home, giving it a fresh and modern feel. Located in a desirable complex with a pool and BBQ area near the pool, this condo offers both comfort and convenience. You'll love being close to Publix, restaurants, shopping, and I-95, making

    Joan Wear Legacy Real Estate Partners

    2190 Forest Knoll Dr NE Unit 90-202, Palm Bay, FL 32905
  • /26

    $2,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,761 Sq Ft
    • House for Rent

    1884 Middlebury Dr SE, Palm Bay, FL 32909

    Enjoy beautiful lake views in this newly built 3-bedroom 2 bath home nestled in a quiet gated community. You will love this open floor plan with a modern flair! Island kitchen overlooks the spacious great room with high vaulted ceiling creating the perfect atmosphere for relaxing or entertaining. Soak up tranquil lake views on the rear lanai as you enjoy your morning coffee. Furnishing can remain

    Joti Hahn RE/MAX Crown Realty

    1884 Middlebury Dr SE, Palm Bay, FL 32909
  • /26

    $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

    Agent Photo

    Rafael Felipe

    Arium Real Estate, LLC

    (321) 850-4844

    410 La Croix Rd SW, Palm Bay, FL 32908
  • /23

    $1,700 Per Month

    • 2 Beds
    • 1 Bath
    • 1,152 Sq Ft
    • House for Rent

    861 Furth Rd NW, Palm Bay, FL 32907

    Beautifully renovated home sitting on an amazing city water lot with mature trees surrounding your own back yard oasis. This house features an open floor plan with vaulted ceiling, all new flooring, new bathroom, recessed lighting, kitchen breakfast bar, new SS appliances, and soft close cabinets. This home backs up to a canal with no neighbors to the rear, a new to fence was installed for

    Nicholas Bregenzer Real Estate Direct of Florida

    861 Furth Rd NW, Palm Bay, FL 32907
  • /39

    Starting at $1,422

    Total Monthly Price

    • 1 - 2 Beds

    1018 Malabar Lakes Dr NE, Palm Bay, FL 32905

    Malabar Lakes

    (321) 306-0988

    1018 Malabar Lakes Dr NE, Palm Bay, FL 32905
  • /15

    $1,700 Per Month

    • 3 Beds
    • 2 Baths
    • 914 Sq Ft
    • Condo for Rent

    1625 Sunny Brook Ln NE Unit G103, Palm Bay, FL 32905

    Welcome to this well-maintained 3-bedroom, 2-bath first-floor condo located in the desirable Country Gardens community in NE Palm Bay. This spacious unit features a split-bedroom floor plan, open living and dining area, screened patio, and abundant natural light throughout. The primary suite offers a walk-in closet and private bath. Enjoy convenient in-unit laundry, assigned parking, and

    Rosi Rodriguez Real Broker LLC

    1625 Sunny Brook Ln NE Unit G103, Palm Bay, FL 32905
  • /18

    $2,100 Per Month

    • 3 Beds
    • 2 Baths
    • 1,760 Sq Ft
    • House for Rent

    320 Wisteria Ave NW, Palm Bay, FL 32907

    Beautiful, bright home with high ceilings and a fully updated interior. Recent upgrades include a NEW roof, NEW A/C, and NEW appliances. Enjoy a brand-new kitchen, new flooring throughout, and updated bathrooms. Backyard has been nicely redone-move-in ready and easy to show.

    320 Wisteria Ave NW, Palm Bay, FL 32907
  • /20

    $2,270 Per Month

    • 4 Beds
    • 2 Baths
    • 1,809 Sq Ft
    • House for Rent

    1271 Giralda Cir NW, Palm Bay, FL 32907

    Lease this home and get more from Invitation Homes professional property management. This home comes fully loaded with quality amenities, must-have services, high-end tech and ProCare® professional maintenance. Your estimated total monthly payment is $2414.90. That covers your base rent, $2270.00 + our required services designed to make your life easier: Air Filter Delivery Fee ($9.95), Internet

    (833) 497-3912

    1271 Giralda Cir NW, Palm Bay, FL 32907
  • /16

    $1,990 Per Month

    • 3 Beds
    • 2 Baths
    • 1,121 Sq Ft
    • House for Rent

    861 Americana Blvd NW, Palm Bay, FL 32907

    Beautiful, pet-friendly home coming soon! Apply now, Move-In is available on or after the listed date. Upon approval, $500 reservation deposit to reserve (applied to security deposit and/or refundable). Application fee: $50 per adult. Security Deposit: one month?s rent. Pet fees: $250 + $40/mo per pet. Some homes may include pool ($150/mo), septic ($15/mo), and/or HOA fees; other fees may apply.

    (321) 499-2199

    861 Americana Blvd NW, Palm Bay, FL 32907

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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 $1,877 per month, though prices vary by neighborhood, size, and property type. As of May 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 $75,080 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 $1,877 per month in Palm Bay, FL, renters typically need to show $5,631 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 15.1, 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 Bayside Lakes, Port Malabar, River Lakes, June Park and Floridana Beach, each with its own character and price range.

Rental Home Trends in Palm Bay, FL

Rental Home Trends

Number of Homes for Rent
414
Median Rent
$1,877
Median Single Family Home Rent
$2,100
Median Townhouse Rent
$1,600
Median Condo Rent
$1,400
How to Rent a Home