The Braxton
1000 Palm Place Dr NE,
Palm Bay, FL 32905
$1,225 - $2,195
1-3 Beds
Florida Institute of Technology
Melbourne, FL
Florida Institute of Technology - Melbourne, FL
Area Guide
Feel that Panther stomp in your crimson and gray
FIT
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Florida Tech
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Panthers
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Private
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Diverse
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Research-Oriented
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Welcoming
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Rigorous
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Founded in 1958, the Florida Institute of Technology offers undergraduate, master’s, and doctoral programs in science, engineering, aeronautics, business, humanities, mathematics, cybersecurity, psychology, communication, and education. Students leave Florida Tech prepared to enter the global workforce, seek higher-education opportunities, and serve within their communities.
Located on Florida’s Space Coast, FIT is proximate to a variety of apartments, houses, and townhomes available for rent in Melbourne and Palm Bay. Convenience to Route 507 and U.S. 192 as well as I-95 makes commuting and traveling from the FIT campus simple.
Florida Tech is home to a positive and stimulating campus life with over 100 student clubs and organizations, NCAA Division II Panther athletics, and various special events. Beach access, the NASA Kennedy Space Center, Brevard Zoo, and a range of restaurants and museums are just a short drive from campus. Options for day trips and weekend getaways are plentiful with Orlando, Tampa, and Miami all within a three-hour drive of FIT.
Explore the College
The Clemente Center is a state-of-the-art fitness center
The Olin Engineering Complex includes laboratories and an auditorium
The Olin Physical Sciences Center is home to a research telescope and a geospace laboratory
At 32,000 square feet, the Panther Aquatic Center features pools for competition and recreation
Rent Trends
As of December 2025, the average apartment rent in Melbourne, FL is $1,224 for a studio, $1,490 for one bedroom, $1,683 for two bedrooms, and $2,108 for three bedrooms. Apartment rent in Melbourne has increased by 0.2% in the past year.
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Studio
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351 sq ft
Average Sq Ft
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$1,224/month
Average Rent
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1 BR
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728 sq ft
Average Sq Ft
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$1,490/month
Average Rent
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2 BR
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1,056 sq ft
Average Sq Ft
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$1,683/month
Average Rent
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3 BR
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1,328 sq ft
Average Sq Ft
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$2,108/month
Average Rent
Transportation
45
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
49
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Schools
Public
Grades PK-6
691 Students
Public
Grades PK-6
600 Students
Public
Grades PK-6
458 Students
Public
Grades PK-6
631 Students
Public
Grades PK-6
503 Students
Westshore Junior/Senior High School
Public
Grades 7-12
930 Students
Lyndon B. Johnson Middle School
Public
Grades 7-8
610 Students
Palm Bay Magnet Senior High School
Public
Grades PK & 8-12
1,486 Students
Public
Grades 7-8
670 Students
Westshore Junior/Senior High School
Public
Grades 7-12
930 Students
Public
Grades 9-12
2,249 Students
Public
Grades PK & 9-12
1,586 Students
Palm Bay Magnet Senior High School
Public
Grades PK & 8-12
1,486 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Florida Tech Botanical Garden
- Erna Nixon Nature Center
- Turkey Creek Sanctuary (Margaret Hames Nature Center)
- Goode Park
- Malabar Scrub Sanctuary
Airports
- Melbourne Orlando International
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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 November 2025.